Kolkata
After a slowdown in the first two quarters of 2012, India is witnessing a rise in demand for commercial rental spaces. Major cities such as Mumbai, Delhi-NCR, Bangalore, Chennai, Hyderabad, Pune, and Kolkata saw a total of 7.6 million sq ft office space absorption in the July to September as compared to 5.9 million in [...] Continue Reading »
Rentals for commercial space across India may see a mixed trend in coming few years. Real estate firm Cushman & Wakefield (C&W) says that while cities such as Bengaluru, Chennai and Pune are to witness moderate rental increases over the next five years, the scenario may turn out to be different in other cities. The [...] Continue Reading »
Real estate consultancy firm Cushman & Wakefield have reported that the total new demand for residential dwellings during 2012–16 will be 11.8 million units across India. Of the total demand, top 8 cities will account for 18 per cent or 2.1 million units across categories. NCR is projected to witness the highest demand of 381,000 [...] Continue Reading »
Report by global property consultant Cushman and Wakefield states that there will be an increase in the demand for 12 million housing units across the country in the next five years. It is said that the top eight cities will form about 20 per cent of the additional demand. However, the overall demand generated for [...] Continue Reading »
As Kolkata gears up for new Metro routes, real estate is expected to spur along the new Metro links. Kolkata Metro is expanding its operations connecting the main city with suburbs and the airport. The new metro will connect the Salt Lake to Howarah in just 30 minutes and will enhance the accessibility. There are [...] Continue Reading »
Increased economic activity, high amount of tourist influx and increased investor interest has projected service apartments as an attractive segment in Kolkata. Service apartments are ready-to-move-in flats that provide the occupant a fully-furnished kitchen along with optional facilities such as baby sitter, chef, Wi-Fi connection and a 24X7 service kitchen. It has become a sought [...] Continue Reading »
Real estate advisory firm Knight Frank, in its latest report, has mentioned that despite a dip in the number of new launches in Kolkata’s residential market last fiscal, it has not affected demand for the affordable and mid-segment housing. Kolkata’s residential market is expected to remain stable for the coming quarters of 2012-13. There has [...] Continue Reading »
Real estate consultants Cushman & Wakefield, in its report entitled ‘Indian Hospitality Story 2012 & Beyond’ has mentioned that the top six cities of the country will witness around 50,000 hotel rooms added over the next five years. The report evaluates the hospitality sector situation in the metros of Mumbai, Delhi, Kolkata, Bangalore, Chennai, and [...] Continue Reading »
Exorbitant land prices are pushing housing prices in Kolkata. It is not in tune with the overall slowdown in real estate market. Land prices have gone up by more than 50 per cent in many plush localities in Kolkata. The demand remains steady and hardly any new townships have come up in urban and semi-urban [...] Continue Reading »
Residential localities in East Kolkata such as Rajarhat, New Town Action Areas are becoming sought after areas for home buyers. Particularly, residential demand is generated by the middle income home buyers in the localities. Currently, average value of multi-storey apartments in eastern localities of Kolkata falls between Rs 3,500-5,500 per sq ft. The maximum demand [...] Continue Reading »
