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Knight Frank

Developers all-out buying land

Developers all-out buying land
For property firms in the city, in the past few weeks a slew of land deals have brought in a mixed bag of results. Though the bigger, cash-rich firms are raking in the moolah, the remaining few others are working hard with slow sales and delayed projects in the face of an economic downturn. By [...] Continue Reading »

Prices of Residential land increase by over 35% in 2 years: Survey

Prices of Residential land increase by over 35% in 2 years: Survey
Over the last two years, in Mumbai, values of land, which are used for development of residential projects, have appreciated by almost 35.2 percent mainly due to change in norms and increase in property prices, a recent survey said. Knight Frank conducted a survey of 13 top Asian cities on the parameters of values of [...] Continue Reading »

Policy changes and elections affect real estate sector in Mumbai

Policy changes and elections affect real estate sector in Mumbai
Investment in the real estate sector has decreased due to the political uncertainties, elections and due to changes in the regulatory framework. As Mumbai continues to suffer the most, the 2014 situation of National Capital Region (NCR) of Delhi and Bengaluru is still better, comparatively. In 2013, investments in land witnessed 61 per cent decrease [...] Continue Reading »

Disparity among Indian rich higher than elsewhere

Disparity among Indian rich higher than elsewhere
In drop-down of wealth, India has one of the worst records. As per the records of last year for every one billionaire in India, there were just 26 ultra high net-worth individuals (UHNIs) whose net assets are over $30 million without their primary residence. For every billionaire in Japan there were 609 UHNIs. In Brazil [...] Continue Reading »

Requirement for houses decreased in third quarter

Requirement for houses decreased in third quarter
A report by Knight Frank says that due to the economic slowdown, the interest rates are increased, because of which the demand of residential property decreased. In the 3rd quarter of 2013-14 the sales of residential property decreased by 43 per cent to 11.8 million sq ft from 21.9 million sq. ft. The annual increase [...] Continue Reading »

Realty recovers faith in the Noida-Ghaziabad Link

Realty recovers faith in the Noida-Ghaziabad Link
As there was no announcement from the Noida Authority on the development of FNG expressway or Ghaziabad-Noida link road, therefore people concluded that the development work will completes within 8 to 9 months. Real estate noticed a nice change along the expressway which had otherwise had a tepid response from the buyers. Work on the [...] Continue Reading »

Inequality among Indian rich higher than anywhere else

Inequality among Indian rich higher than anywhere else
In India for every one billionaire there were just 26 ultra high net-worth individuals whose net assets are over $30 million excluding their primary residence. While in Japan for every billionaire there were 609 UHNIs and in Brazil and South Africa the ratio was1:129 and 1:119 respectively because these markets are in initial stage. Worldwide [...] Continue Reading »

Realty firms’ net profit down by 41% in last 8 quarters: Report

Realty firms’ net profit down by 41% in last 8 quarters: Report
A fall of 41 per cent of Net Profit in the quarter ended December 2013,has been registered of top 25 real estate companies, in comparison to peak period of quarter ended March 2012.As per the report by global realty consultancy Knight Frank the net profit margin have fallen from 13.6 per cent to 9.7 per [...] Continue Reading »

25-acre Tata Steel land collect 1,100 crore bid

25-acre Tata Steel land collect 1,100 crore bid
The biggest parcels of land in Mumbai are believed to collect the highest bid of Rs 1,155 crore. It is rumor that the Oberoi Realty may be the highest bidder. A source of Tata Housing says that they are still in the race. The bidder has not been finalized yet and the process is still [...] Continue Reading »

Nothing is for Free; Think Twice Before You Accept Rent on Home Buy

Nothing is for Free; Think Twice Before You Accept Rent on Home Buy
With the promise of paying rent, two Mumbai-based builders are promoting some of their under-construction residential properties named as Nirmal Lifestyle and Rustomjee.If the construction of its project is delayed beyond December 2017, Nirmal Lifestyle promises to pay the rent while Rustomjee will pay the rent during the construction period. Such promises were so far [...] Continue Reading »



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