Realty News
Mysore has seen a remarkable growth in the industrial property market in the last few months. The Karnataka Industrial Area Development Board (KIADB) is to acquire land to develop industrial layouts in the north-west parts of Mysore as the demand for industrial property has increased. There have been a decrease in the number of transactions [...] Continue Reading »
With the Kingfisher Tower setting capital values benchmark of Rs. 30,000 per sq ft in the super luxury segment, Bangalore’s luxury residential market has witnessed a drastic change, said Jones Lang LaSalle India. According to JLL report, the residential property capital values have increased by 25% from mid-2009. At present, the absorption of residential spaces [...] Continue Reading »
Wal-Mart, world’s largest retailer, is likely to change its global strategy in Indian retail sector. WAl-Mart is of the opinion that concept of hypermarkets spread across a huge space may not work in India. It may go for smaller stores in India to cater to needs of consumers. The strategic shift is centered around unwillingness [...] Continue Reading »
The economic slowdown has not affected deals in Delhi’s premium real estate space. In a record deal, Gujarat-based Torrent Group has bought 1,124 sq yards of residential property in Chanakyapuri for Rs 111 crore, at the rate of around Rs 10,00,000 per sq yard. This is the highest recorded rate in the recent past in [...] Continue Reading »
In order to earn more money, the Maharashtra state cabinet has cleared a new policy for pre-Independence leasehold plots in Mumbai. The policy will affect the monthly rentals of tenants occupying old buildings in the city. As per the new policy, the government has hiked rent, limited the term of new agreements to 30 years [...] Continue Reading »
Global realty service player Jones Lang LaSalle (JLL) recently got green signal from Securities and Exchange Board of India (SEBI) to launch its first residential focused fund in India. JLL aims to raise $57 million through the fund. JLL got the approval under a new class of pooled-in investment – Alternative Investment Funds (AIFs). The [...] Continue Reading »
The new leasehold policy announced by the government have not gone down well with the developers. Builders are of the opinion that the hike in lease rates, announced in the new leasehold policy, will affect the monthly rents paid by tenants who occupy old buildings. The builders say that the policy will also further drag [...] Continue Reading »
The Land Acquisition Bill is to face further delay in way of its legislation. A group of ministers (GoM) had been set up to resolve differences over the proposed bill. However, they have failed to reach a consensus in their second meeting. GoM, headed by agriculture minister Sharad Pawar, remained divided over several contentious issues, [...] Continue Reading »
In the ongoing series of discussions to provide relief to real estate sector, developers have asked for relaxation of funding norms. Deliberation between Indian Bankers Association (IBA) and Confederation of Real Estate Developers Association of India (CREDAI) saw developers called for the easing of financing norms to ease the cash crunch of the developers. The [...] Continue Reading »
Chandivali, a suburb of north-central Mumbai, has developed at a rapid space. There has been a 20 per cent hike in property prices of multi-storey apartments during the July-September quarter as compared to the April-June quarter. Along with the price appreciation, rentals of multi-storey apartments too have gone up by 19 per cent during the [...] Continue Reading »
