Cushman and Wakefield
Real estate developers are facing difficulty to sell office space in Mumbai because of the the poor sales and falling rentals in this segment, so a number of builders are converting their commercial projects into residential ones. Builders are also finding it easier to work on housing projects, given the self-financing ability of residential projects through [...] Continue Reading »
Mahindra Lifespace Developers Ltd, the real estate arm of Mahindra group has given formal notice to property advisory, Cushman and Wakefield to sell a mill land parcel in Byculla, Mumbai. The five acre plot is expected to raise around Rs 600 crore revenue from the market. The company has currently seen marginally depressed land sales, [...] Continue Reading »
Private equity (PE) investments in real estate are showing an uptrend in recent times despite the slump in real estate in India. As per Real Estate Investment Market Report by consultant Cushman and Wakefield, the trend in investments has rose to 7 percent in 2012 resulting in Rs 6,200 crore. Most of the investments were made in ready income generating [...] Continue Reading »
With the introduction of Union Budget 2013, experts have claimed that the incentives will be of no use for home buyers in Mumbai. The real estate incentives are also claimed to create some problems with the buyers as the flats will cost more due to 1% tax on transfer of properties in Mumbai. To make things [...] Continue Reading »
Report by global property consultant Cushman and Wakefield states that there will be an increase in the demand for 12 million housing units across the country in the next five years. It is said that the top eight cities will form about 20 per cent of the additional demand. However, the overall demand generated for [...] Continue Reading »
