Tag Archives: Knight Frank

Lehman Crisis May Pull Down Property Prices

September 17, 2008 – 6:48 am

Real estate prices are expected to soften further as the current global financial turmoil would force cash-starved builders to offer hefty discounts. The collapse of financial powerhouses like Lehman Brothers and the consequent liquidity problems will stop the inflow of fresh investments into India’s real estate sector.
According to analysts, the crisis, which comes at a [...]

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Six Hotel Projects Shelved

August 1, 2008 – 5:54 am

A buoyant real estate market last year saw several realty firms foray into the hospitality sector. But with slowdown hitting real estate and choking cashflow, several small realty firms have been forced to put at least half a dozen hotel projects on the block.
A developer has put on the block a 200-room hotel project in [...]

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Four Groups Fighting For Hotel Plot In Navi Mumbai

July 25, 2008 – 5:07 am

Four hotel chains have submitted bids for a plot to build a five-star hotel in Navi Mumbai, at a time when land prices have dipped in Mumbai and surrounding areas.
Indian Hotels Co. Ltd, which owns the Taj group of hotels, Sun-n-Sand Group of Hotels, Leela Palaces, Hotels and Resorts and Metropolis Hotel have submitted technical [...]

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Landlords Build Riches On EMIs

February 22, 2008 – 1:08 am

Person owning flats in Mumbai are taken as privileged one. The owner-tenant divide is almost as pronounced as the rich-poor divide.
Mr. Shishir Baijal, managing director of Kshitij, the realty fund of Future Group, earns a big amount, but still he is a tenant. He has no home of his own. He stays in 3500 square [...]

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