Demand
Kolkata Metropolitan Area has been segregated into eight micro-markets by Crisil Research. Around 6% of the total upcoming supply in Kolkata is estimated to come from Salt Lake area, as per Crisil Research’s estimates. Between 1958 and 1965, Salt Lake was developed as a satellite township. Several national and international information technology (IT) companies have [...] Continue Reading »
Thiruvananthapuram- On 12th December, comptroller and auditor general of India submitted a report in the state assembly which says that Kochi Corporation does not adopt transparency methods while assessing property tax in city. The report also stated variations in calculating property tax for similar properties in the same area. Other faults found includes lack of co-ordination between town and revenue [...] Continue Reading »
Pune- DHL, the global market leader in the logistics industry, will be the first tenant in IndoSpace Chakan industrial and logistics park at Pune, according to a source of the company. The industrial park, spreads across 100 acre, was developed at a cost of Rs 400 crore by Realterm Everstone Development Management, which is a [...] Continue Reading »
Owing to abounding investments of non resident Indians (NRIs), alluring offers provided by the builders and changing lifestyles of buyers, the demand for luxury housing market is gradually cheering up in the metros. The demand for luxury and ultra-luxury homes is growing, particularly for those ranging between Rs 1 crore to Rs 20 crore, or [...] Continue Reading »
Gurgaon’s underground water table has reached a significant low of 51 metres and the state has failed to check on this. The water crisis which Gurgaon faced this summer is only going to get worse. The estimated demand is 200 million gallons per day (MGD), whereas Haryana Urban Development Authority (HUDA) is able to supply [...] Continue Reading »
PricewaterhouseCoopers, a global professional services firm, inaugurated its new office in Chennai, on Tuesday, to provide advisory, tax and regulatory services. The company has increased its employee base by 24 per cent at the Chennai Centre to meet the growing demand for various sectors. PwC has its existence in major cities of India like Ahmedabad, [...] Continue Reading »
Mumbai, NCR and Bangalore alone took up 75 per cent of the total office space absorbed in India in the April-June quarter. Almost 96 per cent of the entire space was left unsold and got added to the present quarter. Other cities such as Chennai, Pune and Hyderabad experienced delays in project completions. But however, [...] Continue Reading »
Mumbai has witnessed new launches of around 3,600 units in the recent April-June quarter which is more than twice the number of 1,700 housing units launched in January-March, said Abhishek Kiran Gupta and Gagan Agrawal of Bank of America Merrill Lynch. The Mumbai real estate is lagging behind for past one year owing to which [...] Continue Reading »
Despite low demand for real estate projects in Kochi, realtors deny to reduce prices hoping that the sector will soon recover from the current situation. The average price of double bedroom flats in the city varies from Rs 35 lakh to Rs 45 lakh. Realtors say that majority of the apartment projects in Kochi were [...] Continue Reading »
Owing to the reduced number of property sales, real estate developers of Mumbai are set to build smaller one bedroom flats. Market surveys and customer feedbacks have confirmed that there is a huge demand for 1 BHK flats. Therefore, around 1,000 one bedroom flats are being launched freshly in Mumbai. Hubtown Limited has launched 100 [...] Continue Reading »
