Real estate in India
The Competition Commission of India (CCI) has approved a real estate deal between global private equity giant Blackstone group and Pune-based realty firm Embassy Group. The proposed deal involves Blackstone and Embassy group having joint control over an entity engaged in the development and management of commercial and office space. It has been dubbed as [...] 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 »
Venture fund Fulcrum Venture India has exited from real estate firm Casa Grande. Fulcrum got back return of over 10 times as they had invested Rs 4.8 crore in FY 2004 and have exited at Rs 50 crore. Chennai-based Casa Grande was launched in 2004 by M Arun Kumar and KR Anerudan. It builds luxury [...] Continue Reading »
Gurgaon and Noida are witnessing an increased supply in the studio apartment segment due to strong economic growth. According to industry estimates, the two cities collectively will have around 9,000 studio units delivered over the next 2-3 years. Noida has seen a growing need for studio apartments while Gurgaon is catching up. Noida-Greater Noida realty [...] Continue Reading »
The four-day property show named “Living Spaces 2012” organised by The Hindu Property Plus has witnessed inquisitive homemakers huddling around tables, discussing interior designing with builders. This event was held at the Chennai Trade Centre in Nandambakkam and will continue until October 4. The fair was inaugurated by A Krishnakumar, managing director and group executive [...] Continue Reading »
Union finance minister P Chidambaram has stated that the ministry may soon announce a set of measures to boost the country’s real estate sector. As the realty sector is being hit by the high cost of finance and low availability of housing stock, incentives seem to be in the horizon. The finance ministry is in [...] Continue Reading »
Despite an increase in vacancies and low business and investor sentiment, the office rent in various micro markets in Mumbai are still increasing. The main reason for increase in office space rental is that there is a lack of quality supply in superior locations. However, there is a basic scarcity of available good-quality, right-sized Grade [...] Continue Reading »
A recent report shows that although India’s urban housing shortage has decreased, the phenomenal housing growth has not been able to curtail housing shortage in Indian cities to a large extent. Indian cities are short about 19 million homes. The scenario has improved over 2007, when the national urban housing shortage was estimated at 24.7 [...] Continue Reading »
As real estate is going through a crisis specially in cities like Mumbai, builders are struggling through the bureaucratic hurdles involved in getting a project cleared. The builders are forced to go through a tangled clearance procedure as they have to approach a host of state and central departments that take their own time clearing [...] Continue Reading »
Although real estate offers a good investment option to investors, gold seems to be the safest bet for investments amid uncertainty in other investment avenues in India. According a study by industry body Assocham, investments in gold have yielded higher returns compared to those in equity and real estate in India during the last three [...] Continue Reading »
