October 3, 2009 – 5:30 pm
The Indian hotel industry will almost double the number of rooms from the current levels in 3-4 years by adding an estimated fifty-five thousand rooms, as per a study by consulting firm HVS India. The development of new rooms is going to be led by regional real estate players and hospitality firms as most large [...]
September 26, 2009 – 1:54 pm
Mumbai is expected to see the highest demand for residential space of approximately 16.40 lakh units due to the large scale urbanization. The mid-scale and affordable housing in suburban and peripheral areas will be the focus of this demand. However, the demand for office space would be approximately 23.7 million square feet, which is lower [...]
September 23, 2009 – 11:15 am
As the global slowdown pushed consumers to stay at home, retailers halted expansion plans and checked out of expensive high-street locations. Rental rates at high street locations across the world crashed, with the biggest crashes in Mumbai.
Among the exceptions were Bangalore’s two iconic retail hubs, Brigade Road and Commercial Street, and Kolkata’s Camac Street.
Mumbai’s [...]
September 21, 2009 – 4:47 pm
Dax Properties is setting up a 18-hole golf course-centric luxury retreat and township at Shadnagar near here which will entail investment of five hundred crore rupees.
The golf course will be spread over 130 acres on a 300-acre site earmarked for the Golf Retreat project, according to Mr Masood, MD of the Bangalore-based Dax Properties, part [...]
August 13, 2009 – 1:56 pm
Affordable housing is the only solution for the middle income indians. Most of the people are in search of affordable homes in metros particularly in delhi/ ncr, bangalore, chennai and pune. According to the report by Knight Frank Research Households with an annual income between Rs 3 lakh and Rs 10 lakh in Mumbai, NCR, [...]
PropertywalaSome years ago, real estate was not supposed to be an industry. During property dealing, a fear always came in mind of getting deceived. It was supposed to be the cup of tea for clever brokers and mediators.
These days, Real estate has changed into a fair and transparent industry. Lots of choices [...]
India Real Estate LinkThe national capital has become the most expensive city in the country for expatriates. Comparing with other metro cities, New Delhi is ahead of Mumbai, Bangalore and Chennai.
However, all Indian cities have witnessed a decline in their rankings in terms of cost of living this year with New Delhi falling to [...]
Real estate developers have got a new way of perking up the market. Unitech, DLF, HDIL, BPTP and other big realty giants are offering a 30-40% discount on ongoing projects.
According to analysts such projects will help stimulate demand and bring in the much-needed liquidity in the industry, which is already dealing with unsold stock in [...]
January 6, 2009 – 6:17 am
Delhi and its neighboring regions witnessed 24% vacancy in its mall space in 2008, the annual retail report issued by international real estate consultant Cushman & Wakefield has indicated. The mall rentals in Delhi also showed a proportionate decline in the range of 12-22%, the report said. Vacancy levels in Pune malls were also high [...]
By rajani
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Posted in Property News
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Also tagged Consolation, Construction Delays, Cushman, Estate Consultant, Initial Projections, Kolkata, Mall Space, Ncr, Occupancy Levels, Retail Report, Retail Services, Retail Space, Shortfall, Slow Absorption, Vacancy Rates, Wakefield
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December 26, 2008 – 2:12 am
Government is planning another round of home loan package to make purchase of a house within the reach of middle class. PSB announced a home loan rate-cuts for homebuyers, a week ago. But, it was found that the package was far from expectations of both the public and developers. In that package, home loan up [...]
By rajani
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Posted in Property News
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Also tagged Chennai, Corridors, Home Loan, Homebuyers, Hyderabad, Interest Rate, Loan Package, Ncr, Public Sector Banks, Sentiment, Slowdown, Sweetener, Tax Rebate
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October 22, 2008 – 5:17 am
A two-day real estate conference, Build Up 2008, which started in Bangalore on Tuesday, bore the grim realities of the global financial crisis and its impact on Indian real estate. Neither of the two major speakers — Union urban development minister S Jaipal Reddy and CM B S Yeddyurappa — turned up.
The other prominent speakers [...]
By rajani
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Posted in Property News
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Also tagged Confederation, Development Minister, Global Financial Crisis, Global Slowdown, Grim Realities, India, Indian real estate, Jaipal Reddy, Profits, Real Estate Developers, Real Estate Developers Association, Sobha Developers, Speakers, Urban Development
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October 17, 2008 – 1:55 am
Real estate entrepreneur Vijay Raheja has lined up a raft of projects in Mumbai and Bangalore for the next six months to a year—braving a slump in the property market after splitting the family business with his brother in July—and started with a development targeted at the rich.
His company, V Raheja Design Construction launched its [...]
By rajani
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Posted in Property News
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Also tagged Buena Vista, Commercial Projects, Design Construction, Estate Entrepreneur, Family Business, Information Technology Park, Jw Marriott Hotel, Knight Frank, Mumbai, Property Consultancy, Raheja Builders, Regional Director, Residential Project, Whitefield
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September 25, 2008 – 12:25 am
Real estate developer QVC Realty plans to raise Rs 600 crore in 2009 through a mix of equity and debt, primarily to buy large tracts of land in the south, especially closer to the new airports in Bangalore and Hyderabad.
According to a senior official of the IL and FS backed QVC, it plans to use [...]
By rajani
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Posted in Property News
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Also tagged Acre Plot, Chikmagalur, Close Proximity, Current Projects, Gurgaon, Hyderabad, Karnataka, Prakash, Promoter, Qvc, Real Estate Developer, Residential Project, Sobha Developers, Spv, Stages Of Development
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August 26, 2008 – 4:56 am
After delivering more than 11,000 residential flats and a number of commercial establishments in Pune, Goel Ganga group is on a major expansion mode.
The group is all set to deliver 10,000 flats within next three years in prominent cities like Bangalore and Mumbai along with Pune at an estimated investment of Rs 5,000 crore.
The group [...]
By rajani
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Posted in Property News
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Also tagged Ambitious Project, Cinema Multiplex, Commercial Complexes, Commercial Establishments, Commercial Space, Expansion Mode, Expansion Plans, Hospitality Business, Hospitality Sector, Nagpur, Real Estate Sector, Residential Flats, Residential Projects, Screen Cinema, Tree Hotel
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It always comes to hear that time is now ripe to go to Tier2 and Tier3 cities for IT and ITES companies. Being part of a big city or Tier1 city and being an SME, we keep wondering too whether should we go or not and if yes is the time ripe and if so, [...]
Renting a house in Bangalore is as easy as never before. Thanks to notable increase in the rate of urbanization in this part of the country. Often Bangalore is termed as the IT capital of India. Many IT professionals come to Bangalore for various training activities as many IT majors have their head quarters located [...]
As new government policies drive progress towards addressing climate change and other key environmental issues, the real estate markets around Asia and the world will change its look quickly and adopt green building concept, both in developing new buildings and improving existing ones, .
This transformation will be driven by various combinations of regulation, government incentives [...]
By rajani
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Posted in Property News
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Also tagged Aspiration, Chennai, Conventional Buildings, Cost, Employees, Energy, Government, Government Policies, Green Certificate, House Renter, Market, Mumbai, New Buildings, Requirement
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Sobha Developers, a Bangalore-based realty major focussed on residential space, is looking at diversifying its portfolio through slum redevelopment schemes and special economic zones (SEZs), retail and commercial projects.
Mr. Raghav Menon, Executive director, said that the company would build an SEZ in either Tamil Nadu or Kerala. He said, “We haven’t decided on the place [...]
By rajani
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Posted in Property News
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Also tagged Commercial Projects, Crunch, Hyderabad, Investment, Joint Venture, Land Acquisition, Liquidity, Mysore, Orissa, Private Equity, Pune, Residential Space, SEZ, Slum, Special Economic Zones, Tamil Nadu
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Many expect a further correction in home prices in India. Since the volumes of property transactions are going down, hence the asking price for property will also go down. Additionally, over-supply of property is posing as a major reason for the slow down in Real Estate prices.Recent media reports have also suggested the same trend. [...]
By rajani
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Posted in Property News
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Also tagged Cheer, First Quarter, Goodies, Home Seeker, India, Property Developer, Property Transaction, Pune, Real Estate P, Segment, Slow Down, Tier II
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Phoenix Mills is in the final stage of acquiring three thirty acre plots in Ahmedabad, Hyderabad and Nashik for around eight billion rupees. The company plans to develop malls and entertainment zones on these lands.
It is learnt that the deal is likely to be sealed in the next few weeks.
The Mumbai-based real estate developer is [...]
The transaction level has gone down drastically in various markets. It has resulted in price fall in realty market. This is also because residential capital values in some micro markets in the metros have shown a negative growth in the last 3 months. After tracking capital values in metros such as Mumbai, Chennai, Bangalore as [...]
By rajani
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Posted in Property News
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Also tagged Amp, Capital, Friends Colony, Gk, Gurgaon, Hauz Khas, Metro, Ncr, noida, Prime Areas, Prithviraj, Pune, Realty Market
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Chandigarh: DLF, a leading real estate player in the country, plans to invest Rs 1,250 crore for the development of its multiplex business. The company has planned to add minimum 500 screens in the next four to five years across the country.
DLF’s entertainment arm DT Cinemas will set up a megaplex, which will have 12 [...]
By admin
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Posted in Property News
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Also tagged Ahmedabad, Chandigarh, Chennai, DLF, DLF Infocity, Goa, Gurgaon, Hyderabad, IT Park, Kochi, Kolkata, Mumbai, Pune, Savitri-GK2, Shalimar Bagh, Vasant Kunj and Saket in Delhi and Star Mall
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The Ministry of Railways have set up Rail Land Development Authority (RLDA) by an amendment to Railways Act, 1989 (Amendment No. 47 of 2005) for commercial development of vacant railway land for generating revenue. So far 115 sites, covering a total area of 1139 hectares (approx) have been entrusted to the Authority for commercial development [...]
By rajani
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Posted in Property News
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Also tagged agra, Ahmedabad, Amritsar, anand vihar, bhopal, bhubaneshwar, bijwasan, carnac bunder, Chandigarh, Chennai, Commercial property, delhi, gaya, guwahati, habibganj, howrah, Jaipur, kanpur, Land, lucknow, mathura, Mumbai, Nagpur, New Delhi, patna, Pune, railways, RLDA, secunderabad, thiruvananthapuram, tirupati, varanasi
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April 24, 2008 – 10:32 am
The stock of unoccupied properties with real estate developers in the main technology hubs of Bangalore and Chennai is mounting and indications are that their problems will only get worse as software companies head towards greener pastures.
Mumbai has witnessed the world’s highest (94.4%) increase in rentals of industrial space in 2007 from Rs 18 per square feet per month to Rs 35 per square feet per month ($10.88 per square feet per annum).
With this, the financial capital of the country leaped 11 positions to be 26th most expensive industrial locations in [...]
By rajani
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Posted in Property News
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Also tagged Asia Pacific, Chennai, Dublin, Frankfurt, Imt Manesar, India, Industrial Space, Location, London, Moscow, National Capital Region, Pune, Singapore, Sriperumbudur, Tokyo
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