Asia-Pacific
In the next two years, A string of global hotel chains including Rotana, Meininger, Jumeirah and Six Senses is coming up to enter the country due to attraction of growth prospects here. Kaushik Vardharajan, partner managing director, Asia Pacific, at hospitality consultancy HVS said, by looking up at the global situation right now, for these [...] Continue Reading »
Knight Frank Asia Pacific has introduced the market’s first-ever Prime Asia Development Land Index which obtains the cost of prime residential and commercial development land in 13 major cities across Asia that consists of cities like NCR, Bengaluru and Mumbai in India. Key Takeaways Mumbai Modification in development rules coupled with increase in prime residential [...] Continue Reading »
Cushman & Wakefield, global property consultant, said, the country was able to retain 10th rank in Asia Pacific despite the investment in the real estate fell by 65% to $1.2 billion during 2013. Investment in real estate sector in India stood at $3.4 billion during 2012. “In the real estate sector India has received a [...] Continue Reading »
According to the report, the Indian construction and real estate sector continues to be a favored destination for global investors and businesses. As per the tax and advisory firm, Grant Thornton, the large numbers of people are shifting towards the cities and the interest shown by the buyers to invest in the real estate market will [...] Continue Reading »
As per “Real Estate 2020: Building the future”, a new report from PwC Mumbai, the rapid urbanization and demographic changes, especially within emerging markets, will lead to substantial growth in the real estate investment industry over the next six years. It also said that with the growth of industry’s opportunities, the assets invested into the sector will also [...] Continue Reading »
It may have become the case that it is cheaper to buy a flat abroad such as in Dubai than at a posh location in Mumbai or in Delhi. The property price deflation in foreign countries since 2009 has given opportunity for Indians to buy houses abroad. Of late, most Indians seem to buy under-construction [...] Continue Reading »
Germany-based global hospitality major Worldhotels is planning to expand its business in India. The company had announced its tie-up with Hyderabad-based Golkonda Hotels by planning to run 20 properties by the end of next year. Currently the firm runs 12 properties including Asiana Hotel in Chennai, The Claridges in Delhi, Pride Park Premier in Gurgaon, [...] Continue Reading »
