Prestige
With the developers betting big on the hospitality sector, Bangalore will house 20 new luxury hotels within the next three years. After three lackluster fiscals, Bangalore’s hospitality area is all set for a bounce back encouraged by the upturn in the commercial realty segment, and with occupancy levels for luxury hotels rising to 65%, Bangalore-based [...] Continue Reading »
DLF has been downgraded by Citi from “buy” to “neutral” as target price has come down from Rs 266 to Rs 218. Currently, DLF shares have come down by 1.3 per cent to Rs 186.20. Citi group has added that there will be a wait for a pick-up in execution, sales and margins to become [...] Continue Reading »
The Bannerghatta Road stretch in Bangalore was once upon a time a small village. Today the whole stretch including Bilekahalli , JP Nagar and Arakere have transformed into prominent IT hub. The establishment of IIM-B in 1983 gave a new look to this locality. Many IT companies such as Accenture, HSBC and Honeywell all took [...] Continue Reading »
Jalahalli located in the northern part of Bangalore city is an eye catching locality for its greenery. Initially the area was developed by industrial sectors like; Bharat Electronics Limited (BEL), CMTI, Hindustan Machine Tools (HMT), the packaging unit of Tata Tea Ltd and Airforce station spread across all four corners of the locality. If these [...] Continue Reading »
A close look at the overall property sales across India in the last nine months reveals that residential homes in the price bracket of Rs 25 -40 lakh accounted for more than 85% of property sales. There is latent demand in mid-segment housing nowadays. Indian economy started picking up and most of the developers are [...] Continue Reading »
