Realty News
Home registrations in Mumbai, in H1 of 2012, have seen a marginal fall of 3.4% compared to the same period last year, whereas in H1 of 2011, home registrations had seen a steep fall of 22% against H1 of 2010. This data shows some signs of progress in the Mumbai residential property market on a [...] Continue Reading »
Owing to its strategic location and major developments being carried on at a fast pace, Moshi, a locality in Pimpri-Chinchwad Township, has been luring the real estate developers and investors. Moshi’s proximity to the Chakan industrial area, which is home to national and international automobile companies like Volkswagen, Mercedes Benz and Mahindra & Mahindra, attracts [...] Continue Reading »
Turning down a demand that builders be allowed to get additional floor space index (FSI) by paying premium in redeveloping old Mhada buildings in the city, Chief Minister Prithviraj Chavan said they would have to share housing stock with Mhada in redeveloped buildings. Chavan said that a meeting of local legislators would be held after [...] Continue Reading »
Income tax (I-T) officials from Rajkot, Ahmedabad and Surat, on a key operation, carried out searches at 26 and surveys at 25 premises belonging to three builders in the city on Tuesday. The officials are inspecting the offices and houses at Varachha, Katargam, Nana and Mota Varachha and project sites at Vyara in Tapi district, [...] Continue Reading »
Real estate market analysts say that the recent June-ending quarter left the realtors frustrated and disappointed as there was lower profit on the back of tighter margins, higher input costs and huge project inventory. According to analysts, Bangalore developers likely stood out with robust sales and several project launches, while Mumbai developers saw a recovery [...] Continue Reading »
Suraj Group is constructing a shopping mall at Indira Nagar in West Bangalore. The upcoming 100 crore flagship mall, will be developed by Pioneer Property Zone (PPZ), shopping mall developer and manager. PPZ will manage the overall brand mix and leasing strategy for the mall that will cover an approximate area of 200,000 sq. ft. [...] Continue Reading »
Indian realty market witnessed nosedive in the April-June quarter of 2012. Sales volume and absorption rates were low in the residential sector. High inventory and slow execution of projects, were the major concerns. The commercial real estate market experienced low office space absorption and a slight drop in rentals in the metros. Experts feel that [...] Continue Reading »
While there has been a slight surge in the leasing of prime commercial spaces across key cities in 2012, Mumbai’s commercial market is still witnessing supply exceeding demand. According to a survey by CB Richard Ellis, office space absorption was registered at above 7 million sq ft in the second quarter of 2012, compared to [...] Continue Reading »
The US Consulate in Chennai is all set to open American Business Corners in Kochi and Thiruvananthapuram to provide further stimulus to the US-Kerala bilateral business relations. The American Business Corners- or ABCs- will be opened in the two cities in September to coincide with the Emerging Kerala Summit. The US consulate will participate in [...] Continue Reading »
Two recent shocking developments in KSL industries, the listed flagship of the Tayal group, have resulted in doubts over the creditworthiness of the group. Reward Real Estate, which held key real estate assets of the group in 15 centres, ceased to be its subsidiary last year and in a shocking move Saurabh Kumar Tayal, who [...] Continue Reading »
