Metro Cities
It has been found that there is a downfall in the rental value mainly in the metro cities, however, the price of the property remains constant. Rental values have reduced to one percent in the Mumbai Metropolitan Region and the National Capital Region (NCR) which was 3-5 percent in 2010 and 2-3 percent in 2011. [...] Continue Reading »
The real estate in Pune has shown signs of balance. According to a survey done by Jones Lang LeSalle (JLL), it was found that in last one month, leasing office space in Pune has been stable and there were no new supply of office spaces. Even the rents and capital value remained the same. Surprisingly, [...] Continue Reading »
Mumbai- Inspite of downfall in sale, the demand for ultra-luxury and luxury homes is rising in the metro cities. A few luxury residential projects were launched despite of dullness in the real estate sector, according to a report by Jones Lang LaSalle, a real estate consultancy firm. The rise in the number of high networth [...] Continue Reading »
The first two quarters of the ongoing year 2012 have seen 21% decrease in office space absorption across key metro cities in India. The office space absorption in this year being 13.4 million square fee while it was 16.9 million square feet at the same period in 2011. According to the latest Cushman & Wakefield [...] Continue Reading »
Delay! Delay in construction projects! All you can hear from the metro cities is the delay in construction projects from all over India. Yes, it’s not a news just for the sake of it. However, the housing projects are getting delayed in a very large number which is intern taking Indian real estate into a [...] Continue Reading »
Metro cities has seen a slow down in demand in the residential realty sector in the recent times. This is due to the fact that there has been a lot of hike in property prices and rise in interest rates. According to a report, Delhi-NCR has topped the list of unsold flats at 102,758 units, [...] Continue Reading »
In Mumbai, Rs 10.08 crore was spent on a 4-BHK apartment with an area of 2,771 sqft on Senapati Bapat Marg. This 33rd-floor apartment is housed in an under-construction residential tower touted to be among the most sought-after properties in the area. This works out to a per sq ft price of Rs 36,400, which [...] Continue Reading »
