NCR
Sobha Developers, Bangalore-based real estate company, has given a new sales guidance for the year of $363 million (Rs 2,000 crore) for this fiscal. For the same period last year, the developer managed sales of $309 million (Rs 1,700 crore). In the second quarter of FY12, the realtor launched Sobha West Hill in Coimbatore. It [...] Continue Reading »
According to ‘India Tax Ratio 2012‘ report by TaxSpanner, an online income tax return filing portal, only 56 per cent salaried individuals surveyed in the country own a house despite earning more than Rs 10 lakh annually. And amongst those earning below Rs 10 lakh annually, only 13 per cent own a house. This shows [...] Continue Reading »
Buyers staged a protest in Greater Noida for lack of transparency in the system as developers were booking houses and plots without getting layout plans approved by Yamuna Expressway Authority. They demanded that the Authority has to upload the status of developers and their projects in their area on their official website. On Wednesday, buyers [...] Continue Reading »
The office space absorption in Hyderabad grew 5 % while overall office space absorption across top eight cities of the country plummeted 21% to 13.4 million sft as compared to 16.9 million sft in the first half of 2011, according to a study by global real estate consultancy firm Cushman & Wakefield. This steep drop in office [...] Continue Reading »
The National Capital region (NCR) is expected to observe an additional supply of 48 million sq. ft. of office space over the next three years which may lead to fall in rentals, realty consultant Knight Frank said. The majority of the office supply is likely to crop up in Gurgaon and Noida markets while the [...] Continue Reading »
Realty consultant Cushman & Wakefield today said that Indian realty is likely to witness around 25 per cent drop down in land deals around Rs 15,000 crore as a result of decline in demand. According to C&W, smaller realty developers would end up buying most of the lands this year than top players. India had seen [...] Continue Reading »
Gurgaon-Sohna road, the fast developing stretch of the city, is going to be the next destination for commercial and industrial development in Gurgaon. The steep rise in industrial and commercial growth in this place is mainly due to the industrial model township set up at Manesar. Owing to its connectivity to NH 8, Golf Course [...] Continue Reading »
The latest and most demanding satellite city in NCR were a sleepy village few years back. Now a days the integrated township projects are coming up in the area as the Gurgaon region is growing rapidly since 1983. Gurgaon has already witness the construction of bigger commercial complexes for different fortune 500 companies. Now the [...] 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 »
The developers and builders of luxury apartment projects and houses are finding it tough to push their sales! It’s right now the mid-segment properties which are ruling over proving pretty good sales! The prices of properties of midsegment houses have raised with the increase in demand and the same has been declined for luxury apartments! [...] Continue Reading »
