Indonesia
Recently, an online company called “Lamudi” was launched by ROCKET Internet dedicated solely to real estate in the Philippines. Lamudi Philippines founder and Managing Director Jacqueline van den Ende said in a news conference in Taguig City that “The Philippines is a super interesting country for us.” As investors have dropped the Brazil, Russia, India [...] Continue Reading »
According to global realty consultant, DTZ, because of rupee depreciation and fall in rentals amid political instability over Telangana, Hyderabad has become the world’s most affordable office location. In the DTZ’s list of top 10 least expensive offices space market in the world, four other Indian states fall which are Chennai, Pune, Bangalore and Kolkata. [...] Continue Reading »
In the press release issued by the management of the Lulu Mall on its first anniversary in Kochi, it is being touted as the most famous shopping place in city. During last year, more than 2 crore people visited that mall. The management of mall also added that they have paid 34 crore as a [...] Continue Reading »
Foreign investors continue to elude Indian retail real estate sector despite it being one of the fastest growing markets in the past few years. Industry analysts blame the government’s policy regarding foreign direct investment into real estate, and particularly retail real estate, for discouraging overseas investors investing in India. Anuj Puri, chairman and country head [...] 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 »
Bangalore, Chennai, Tirupati, Guwahati and Kolkata and other cities in the eastern coast felt mild earthquake tremors on 11th of April. The tremors were due to an 8.9 richter scale earthquake reported in Indonesia. The tremors were felt twice- once in the afternoon 2 pm and another at 4 pm. After the tremors, one of [...] Continue Reading »
