Indian real estate
According to sources, real estate developer DLF Ltd has sealed Mumbai’s NTC Mill land deal with the Lodha group on Thursday. Although no official announcement has yet been made on the deal pegged at over Rs 2,500 crore, an announcement is expected next week. The top management of the Lodha Group is believed to be [...] Continue Reading »
Veritas, which has come up with some damning reports against Indian entities – Reliance Groups, Kingfisher and DLF in recent months, has pointed out serious irregularities at Indiabulls group in its latest report. The shares of Indiabull’s various group firms plunged sharply on the back of the report by Canada-based Veritas. A day after, Indiabulls [...] Continue Reading »
According to ranking prepared by real estate data firm Qubrex, Noida has replaced Mumbai as the second-best realty destination of India this year. Gurgaon-Manesar retained the top slot. The rankings are based on parameters like – supply and demand, likely price appreciation in three years, emerging connectivity, potential growth in economic activity, nationally reputed builders, [...] Continue Reading »
Real estate firm DLF has announced that it plans to launch new residential projects at Ludhiana, Jalandhar, Panipat and Kasauli. These projects are dubbed as part of company’s strategy to strengthen its presence outside Gurgaon. The company has not finalized the business plans entailing the investment detail in these projects. As per the company management, [...] Continue Reading »
As revealed by sources, in Mumbai‘s real estate market, cash transactions are still prevalent during transactions. The system of demanding an illegal cash payment still exists in many pockets of the city, especially Bandra, Khar and Juhu belts in the western suburbs. In the 1970s, builders used to take 80 per cent in cash and [...] Continue Reading »
The proposed Kochi Metro Rail project is expected to positively impact city’s real estate market. The project is slated to be completed in three years’ time. A report prepared by Geojit BNP Paribas Property Services points out those areas within 500 meters from the 23 Metro stations coming up in the 1st phase will witness [...] Continue Reading »
Mangalore, which has been described as one of the fastest growing tier II cities of the country, and also the fastest growing non-metro in South India, have been attracting developers from all over the country heralding a sea change in its real estate scenario. Raheja Universal is the recent entrée which is making its venture [...] Continue Reading »
After the Cushman & Wakefield report on national retail real estate market observing a deferment of more than 30 percent of retail mall space against the projected supply for the first half (H1) of 2012, there are speculations about the backdrop of the situation. The National Capital Region (NCR) has seen the highest mall supply [...] Continue Reading »
The slowdown in the Indian realty sector has been reflected in the books of DLF, the largest player in the segment. The net profit of DLF, India’s largest real estate company, fell 18 per cent to Rs 292 crore for the quarter ended June. The dip is quite huge compared to Rs 358 crore for [...] Continue Reading »
Jones Lang LaSalle has released its half yearly review of Indian office real estate. The findings of the first half of 2012(1H12) data reveals quiet activity during the period compared to 1H11. In 1H12, the top seven cities of India together recorded a 35 per cent dip in office absorption compared to 1H11. The shrinkage [...] Continue Reading »
