Real estate in India
New Delhi : The Competition Commission of India (CCI) initiated an investigation against five prime real estate developers for alleged competitive practice. Around 23 cases were filed against DLF, Larsen & Toubro, Tulip Infratech, Omaxe and JP Association, as reported to Rajya Sabha by corporate affairs minister, Sachin Pilot. DLF is filed with 15 more cases and a [...] Continue Reading »
To encourage growth in the real estate sector, Confederation of Real Estate Developers’ Associations of India (CREDAI) has sent a letter to MPs to look into this matter. CREDAI national president , Lalit Kumar Jain requested in this letter to focus more on housing sector which will not involve any cost and problems. Letter also [...] Continue Reading »
Bangalore : Real estate developer, Mantri Realty is to develop three new projects in Maharashtra, Karnataka and Pune with an investment up to Rs 750 crore. The projects will be launched next year. Sunil Mantri, the chairman of the company said that the Pune project will be a luxury housing project with 2 and 3 BHK apartments [...] Continue Reading »
New Delhi: One of the diversified Indian real estate giants, Adani Realty joined hands with Delhi-based M2K Group, to come up with Rs 10 billion luxury project, in Gurgaon. Oyster Grand is also one of the prestigious residential projects brought up by the Adani Group. The project is in 19 acres of virgin land with [...] Continue Reading »
Hyderabad- Among the seven top metrocities, Delhi-NCR and Pune had the highest growth in the realty capital value during 2012. According to Jones Lang Lasalle, the average growth in the capital value was between 1-3 percent. The rate of capital value growth was slower in cites like Bangalore and Hyderabad and even the price correction [...] Continue Reading »
Sean Tompkins, global chief executive officer of UK-based Royal Institution of Chartered Surveyors (RICS) has said that the foreign investors are thinking twice before investing in the Indian real estate market because it fails to meet the global standards. Between 2006 and 2009 the Indian realty had witnessed around $20 billion in investment of which [...] Continue Reading »
In terms of real estate, 2012 was a dull year because of poor industrial production and high interest rates, according to Jones lang LaSalle. In 2012, 1,60, 622 residential units launched and at the same period in 2011, 1,54,701 units were launched. The year-on-year rise in average residential capital value in 2012 was in the [...] Continue Reading »
Bangalore- Real estate in India has witnessed more residential project launches in 2012 than in the last year despite slow sales and reduced growth in prices, reveals a new study. Real estate companies launched more residential units between January and September 2012, than in the same period last year, while still struggling with sales and [...] Continue Reading »
Areas such as Wadala and Chembur in Mumbai and Ulwe in Navi Mumbai are the top residential locations to invest in and Knight Frank has predicted a rise of 133%, 125% and 145% in these areas respectively in recent years. Cities like Mumbai, Bangalore, Chennai, the national capital region (NCR) and Pune are identified as [...] Continue Reading »
If you are planning to buy a house in metro cities then you have to wait for years to manage the downpayment but relatively in cities like Hyderabad and Pune the price of flats or rental values are affordable. In comparison, Bangalore is the third most affordable city to rent and fourth affordable city to [...] Continue Reading »
