Economic slowdown
The new FDI incorporated rules are setting high hopes for the Indian real estate. Even though the Indian real estate had a lack lustre festive season, realtors have high hopes. With the festive season having recently ended, the real estate developers suffered a massive blow to their campaigns and in spite of having [...] Continue Reading »
The Maharashtra Industrial Development Corporation (MIDC) has again failed to get any bids for the Information Technology (IT) Park. This happened despite reduction in bidding rate and after deciding to extend the deadline by 10 days. The IT Park has been lying idle for over a decade. The economic slowdown had pushed the expansion plans of the [...] Continue Reading »
The corporate India might be reeling under the economic slowdown and the pay hikes have not been satisfactory in most of the companies in the last few years, however the top brass has managed to earn very handsome pay checks in spite of the slowdown. Pawan Munjal the MD & CEO of Hero Motocorp, is [...] Continue Reading »
The developers in Pune are not deterred by economic slowdown and high interest rates. They are launching a series of projects in high-end, aspirational and affordable housing categories. Mayank Ruia, head of residential business at Phoenix Mills said that the fact that the city is a hub for investment and industry makes it one of [...] Continue Reading »
“We have seen interests from both global as well as domestic investor that is why there is a huge potential for investment in the infrastructure projects. Although we have seen a downfall recently but the market will be in pace in the coming months, “said by IL&FS Financial Services Managing Director and Chief Executive Officer [...] Continue Reading »
A 20-30 per cent hike in circle rates across various categories of properties may be witnessed by the capital over the next fortnight. The hike may be steeper for the upscale colonies in categories like A and B. This effort is been taken to rationalize registration in view of market rates , to tame the black [...] Continue Reading »
The commercial real estate in India was adversely affected due to economic slowdown and corporate downsizing their operations in 2013. High rentals, inappropriate design layout and an immense oversupply have added insult to injury. International property consultancy firm Regus saw this as an opportunity to innovate and introduced plug-and-play model. The clients get to use [...] Continue Reading »
Mumbai- With rising demand and sales of real estate projects, the trend of project pre-launches has been re-entering the prime real estate markets of India like Mumbai, Delhi-NCR and Bangalore. The Maharashtra government has made the way simpler for developers to get regulatory clearances for real estate projects. Following this, the real estate in Mumbai [...] Continue Reading »
Bangalore- Good news to builders and developers whose projects have been kept on hold due to liquidity crisis. The finance ministry has planned to initiate a measure which is expected to improve the realty sector. Banks will be allowed to permit funds to stalled projects, which would revive the growth in economy. As per RBI‘s [...] Continue Reading »
The Delhi government currently is in a state of chaos as the economic slowdown has impacted the market. It was stated by the chief secretary PK Tripathi, on 18th October that the government had much to worry regarding the condition of the state exchequer. The third quarter of the financial year witnessed an unimpressive 40% of collections. [...] Continue Reading »
