Jones Lang LaSalle
According to the realty consultants Jones Lang LaSalle, the passing of contentious Telangana bill in the Lok Sabha may not have much impact on investment sentiment in realty sector across Hyderabad, as, for next 10 years it has already been planned to serve as a joint capital. JLL Managing Director, Hyderabad, Mr. Sandip Patnaik said, “The [...] Continue Reading »
Bangalore witness strong private equity interest in real estate The New Year started with a boom for the Bangalore realty market. The realty in the city is attracting private equity investments in the real estate sector. Multiple sources had been quoted as saying that many deals topping $10 million (above Rs 60 crore) have been concluded or [...] Continue Reading »
The interim budget disappointed realty developers and did not provide any relief to the sector. The developers, however, are hoping for an indirect would boost to the housing demand through the steps being taken to push growth in other industries such as automobile. Confederation of Real Estate Developers’ Association of India (CREDAI) Chairman, Mr. Lalit [...] Continue Reading »
With the expectation of a stable government at the Centre and the industry betting big on growth in jobs and, thus, increased investments, the realty sector in Chennai is set for growth. During a discussion on imminent market changes in Chennai, a hopeful lot of people from the industry were optimistic about the realty situation [...] Continue Reading »
Jones Lang LaSalle, a Global real estate services firm, raised Rs 161 crore. The fund is focused on residential sector in India — Residential Opportunities Fund I – and is a six-year, close-ended private equity fund. It will invest Rs. 25-30 crore and target 25-30% returns, informed a senior executive. The fund will be will [...] Continue Reading »
Real estate developers are facing difficulty to sell office space in Mumbai because of the the poor sales and falling rentals in this segment, so a number of builders are converting their commercial projects into residential ones. Builders are also finding it easier to work on housing projects, given the self-financing ability of residential projects through [...] Continue Reading »
The demand for retirement homes are increasing in India. Due to the increasing demand, Indian developers are now focusing on building homes exclusively for senior citizens. It is projected that India’s older population will rise by the middle of the century. According to United Nations Population Division, it is expected that people aged 60 and [...] Continue Reading »
Jones Lang La Salle said that though smaller cities are offering a great deal of opportunities for real estate investments, this year, private equity funds will flow into large cities like Delhi, Mumbai, NCR and Bangalore as investors are looking for matured markets than speculation driven one. From the occupiers’ perspective, investors are looking to [...] Continue Reading »
A number of builders in Mumbai are trying hard to attract buyers with hi-fi amenities in their properties. Builders are pulling in on investors and buyers by developing projects with posh amenities like golf courses and other sports facilities. With the increasing state of the art features, the financial capital is finally getting some lung [...] Continue Reading »
Chennai- Theagaraya Nagar (popularly known as T. Nagar), one the prominent residential localities in Central Chennai, is witnessing an annual appreciation of nearly 15-20 percent in the prices of residential units. Along with rising demand and shortage in supply of units, the residential prices are soaring. Many developers have also expressed the same opinion. The [...] Continue Reading »
