Realty News
The real estate sector has been lying low due to lesser cash inflow in both the commercial and residential segments, hoping that there will be a change in liquidity levels soon. The macro-economic factors such as high interest rates, high land costs, etc. which have a direct effect on the sector, seem not to improve [...] Continue Reading »
The National Capital region (NCR) is expected to observe an additional supply of 48 million sq. ft. of office space over the next three years which may lead to fall in rentals, realty consultant Knight Frank said. The majority of the office supply is likely to crop up in Gurgaon and Noida markets while the [...] Continue Reading »
The Bruhat Bengaluru Mahanagara Palike (BBMP) has planned to install a biometric system in order to make flawless issue of permanent khatas (property ownership documents) and to eliminate corruption in property transactions, including doctoring of khatas. This move will safeguard the genuine property owners’ interests. The fingerprints will be matched in order to authenticate the ownership. [...] Continue Reading »
ASK Property Investment Advisors, the real estate private equity (PE) arm of diversified financial services company ASK Group, has invested Rs 100 crore in a Mumbai-based residential project in Mulund, being developed by Rajesh Builders. Raj Altezza Project will be completed in two phases and will occupy 400 units in total. The cost of the [...] Continue Reading »
It has been a happy time for those hunting for a house in Bhubaneswar. Tenants are left with multiple options to choose from. The rental market in Bhubaneswar has become tenant friendly. There are many houses with ‘to let’ signs in and around IRC Village, Nayapalli, Neeladri Vihar, GGP Colony, areas to south of Khandagiri [...] Continue Reading »
The dipping rupee value in the past few months has brought a lot of cheer to Non Resident Indians. The Indian real estate market has now turned sluggish and the depreciating rupee adds more power to NRIs dollars and leads them to acquire properties at cheaper rate. Anuj Puri, chairman & country head, Jones Lang [...] Continue Reading »
Wealthy investors are buying key commercial lands and renting it out to earn a fixed rate of interest. There is constant demand for such prime business spaces and builders get high income by renting them out. Wealth managers are of the opinion that rich investors are booking important business spaces or buying out pre-leased commercial [...] Continue Reading »
Though the present real estate market of India is witnessing a downtrend, it has not stopped the listed companies from shelling out attractive dividends for the fiscal year 2012. According to an analysis, 26 listed companies – most having a 50% or more promoter holding – recommended an aggregate dividend of Rs 722 crore during [...] Continue Reading »
An empty four-storey building collapsed following a heavy rainfall in Mumbai. The building Gopal Bhavan, is situated in Mamlatdar Wadi in suburban Malad. Luckily, there were none living in the apartment as the residents had already been evacuated following the declaration of the structure as ‘dangerous‘ by Brihanmumbai Municipal Corporation (BMC). Sources say that five [...] Continue Reading »
With the developers betting big on the hospitality sector, Bangalore will house 20 new luxury hotels within the next three years. After three lackluster fiscals, Bangalore’s hospitality area is all set for a bounce back encouraged by the upturn in the commercial realty segment, and with occupancy levels for luxury hotels rising to 65%, Bangalore-based [...] Continue Reading »
