Jones Lang LaSalle
Jones Lang LaSalle, a global property consultant is planning to make an entry in the Bangalore real estate market. According to an expert, Jones Lang LaSalle’s Segregated Funds Group, will invest about Rs 30 crore in city-centric luxury residential projects in Bangalore. Jones Lang LaSalle has identified four sites in Bangalore and is into final [...] Continue Reading »
Mumbai- Increasing number of Information technology (IT) companies has been driving the office space demand in the prime cities. Particularly the demand for rental office spaces is rising in the peripheral areas of cities since the rental rates are comparatively low than city centric locations. Consequently, commercial real estate developers are more into developing office [...] Continue Reading »
Chennai – Tata Communications has sold its 1.43-acre property in Chennai to the city based VGN Developers. It is one of the biggest land transactions outside the premium Boat Club and Poes Garden localities. The land was sold at Rs 195 crore or 7.50 crore per ground (one ground is 2,400 sq ft). This property [...] Continue Reading »
Now, investors are shifting bases from current projects to new positions in real estate sector. This is happening even when a few luxury housing projects were sold off within days of their launch. Over the past three months, stocks of real estate companies have come up to 30-50% thinking that declining interest rates will help [...] Continue Reading »
Real estate firms have forecasted that in near future, a correction in housing market can be witnessed. This can be due to drop in property sales in past 12 months. In December, rates of properties for sale in Mumbai was bit less while price growth in other Indian cities slowed. According to property research firm, [...] Continue Reading »
If you are planning to buy a residential property next year, you are going to get many attractive mode and scope of payment scheme but there will be cut short of amenities and facilities in the project. Real estate developers understood that because of overpricing, the properties in India are not getting sold out and [...] Continue Reading »
Integrated township has been witnessing a strong demand. The new home buyers are giving more preference for community living that offers a mix of amenities at the doorstep. The state government has implemented some reforms in the township policy to make townships more reasonable. The new policy has been approved by the Chief Minister and [...] Continue Reading »
Mumbai- Real estate developers who were not able to rent out malls or facing tough time in building shops is expected to look up after the parliament cleared the foreign direct investment (FDI) in multi-brand retail. According to Jones Lang LaSalle, a real estate consultancy, India has recorded a dropdown in the supply of rental [...] Continue Reading »
Hyderabad- Among the seven top metrocities, Delhi-NCR and Pune had the highest growth in the realty capital value during 2012. According to Jones Lang Lasalle, the average growth in the capital value was between 1-3 percent. The rate of capital value growth was slower in cites like Bangalore and Hyderabad and even the price correction [...] Continue Reading »
Indiareit Fund Advisors, the real estate private equity arm of Piramal Enterprises who invested Rs 440 crores has exited from the three realty projects including a residential project in Pune, a premium luxury project in Mumbai and phased stake sale of an SEZ within a township project located at Hinjewadi, Pune, being developed by Paranjape [...] Continue Reading »
