Jones Lang LaSalle India
Pradeep Jain the Chairman of the Confederation of Real Estate Developers’ Association of India (CREDAI) and chairman of Parsvnath Developers reported saying that they were not expecting in sales during the festive season. However the good buying in the festive season is the main mantra, but these rate increases have resulted in the cost of funds [...] Continue Reading »
Reserve Bank of India (RBI) home loans are increasing frequently resulting in the people being dissuading from buying houses. Sanjay Dutt the CEO of Jones Lang LaSalle India reported saying that the home loan interest hike will decrease the construction activity directly impacting on the real estate sector. Few smaller builders will find edged out of [...] Continue Reading »
The property consultants see hike in policy rates that is proving a minimal effect on taming inflation, on all- round cost. Mr Pranab Datta, Vice-Chairman and Managing Director, Knight Frank India reported saying that the rising inflation is for further tightening of the key policy rates in the financial market and also the prospective buyers themselves holding capacity [...] Continue Reading »
Mumbai has 104 million sq ft of unsold real estate. The slowdown in real estate sales in Mumbai may have intensified due to higher interest rates, which could pressure developers to bring down prices. This may not be a worrisome trend as sales are low during monsoon. Pressure will start building up only when the [...] Continue Reading »
Since January, real estate brokerage firms in Ahmedabad have seen a slump in business by about 30 per cent. Property bookings have also been on a downhill since couple of quarters now. Real estate consulting firm, Jones Lang LaSalle (JLL) India states that the downgrading of US economy has also played a part in aggravating [...] Continue Reading »
Pune continues to figure among the most prime cities for residential investment in India. Though the growth of property values cannot be compared to that of neighbouring Mumbai, Pune has the advantages of being a stable market with a consistent demand coming from a number of strong and dependable business sectors. Of the total 1,74,981 [...] Continue Reading »
In a market, which is lacking the spur, leisure homes are just another way to lure the buyer. Shakti Nath a real estate developer, knows these are difficult times — construction costs are rising, home loans are becoming expensive and the demandsupply gap is widening due to a supply glut. His bait for the buyer [...] Continue Reading »
