IT sector
The new CEO’s are looking happy with the announcement in this year’s union Budget while they plan to make an increment in their investments. The survey conducted by industry chamber FCCI, revealed the aforesaid last week. The union budget is thus being taken very positively in the industrial sector. The survey said that the CEO’s [...] Continue Reading »
The change in direct taxes levied by the government will leave the corporate with more amount of money to spend on investing and kick starting growth. The only bad news is the increment in the effective dividend tax distribution which is a tax that companies pay on dividends. However their outgoing tax may increase only [...] Continue Reading »
Surat- The city’s realty sector has witnessed slow and steady progress in the year 2012. Many residential projects were launched in the city. In the year 2012, the capital value of residential projects noted an average escalation of 10-12 percent across the city. This news was confirmed by National Housing Bank (NHB) when they realised the residex [...] Continue Reading »
Chennai commercial space seems to have taken a hit due to uncertain global market conditions. According to Knight Frank India, the Information Technology(IT) sector has witnessed a decline on the use of commercial office space in Chennai. The office market in Chennai is predominantly covered by the IT and IT-enabled services sector. In the first [...] Continue Reading »
Old Mahabalipuram Road (OMR) or Rajiv Gandhi Salai is transforming into a real estate destination from a suburb in Chennai. The setting up of TIDEL Park on Old Mahabalipuram Road (OMR) in 2000 changed the landscape of the area. Premium residential housing market along the belt starting from Madhya Kailash, all the way to Thiruporur, [...] Continue Reading »
West Hyderabad has become one of the fastest growing areas in the city in terms of IT development, increase in capital values and infrastructure growth. The areas like Madhapur, Kukatpally, Miyapur, Banchupally have generated robust demand due to the presence of IT professionals, good connectivity and IT parks nearby. Apart from these areas, Banjara Hills, [...] Continue Reading »
The National Capital region (NCR) is expected to observe an additional supply of 48 million sq. ft. of office space over the next three years which may lead to fall in rentals, realty consultant Knight Frank said. The majority of the office supply is likely to crop up in Gurgaon and Noida markets while the [...] Continue Reading »
Kochi city is now on shore giving tough competition to other Indian cities in concern with real estate growth. Today, Kochi is one of the most rapidly developing city in India! In kochi, the Kakkanad area which is located on the part of Ernakulum district of Kochi is giving an helping hand for the better [...] Continue Reading »
If we carefully look back at the Chennai real estate growth over the year 2011 the sales of residential sector was all dependent on the IT/ITES sectors. The stability in IT sector has boomed the residential realty sales! With the job security in the sector and people transferring form place to place, the demand for [...] Continue Reading »
The tech parks and the IT parks in the outer ring road (ORR) are generating a huge demand with the growth of real estate sector. It is so clear that the growing IT sector is demanding huge office spaces! This scenario has developed micro real estate market growth in places like; Kanakapura Road, Electronic City, [...] Continue Reading »
