Real estate in India
The recently announced retail reforms have created a positive sentiment in the industry. Jones Lang LaSalle India Chairman and Country Head Anuj Puri has stated that the new development will boost mall development in India. He stated that it will push up absorption of surplus retail space in shopping malls across the country. Similarly, developers’ [...] Continue Reading »
Experts have stated that the proposed 51 per cent foreign direct investment (FDI) in multi-brand retail is set to bring in good news for both the retail and the real estate sectors. Jones Lang LaSalle India states that from the retail real estate point of view, it will open up immense opportunities in the medium [...] Continue Reading »
Jayadarsini Township is an upcoming township in Medchal, Secunderabad. Built by Jayadarsini Housing Pvt Ltd, the project will have a range of offering – residential plots, weekend homes, premium villas as well as retirement homes for senior citizens. The project is located at the Medchal town, which is 25 kms from Secunderabad Railway Station. With [...] Continue Reading »
Foreign investors continue to elude Indian retail real estate sector despite it being one of the fastest growing markets in the past few years. Industry analysts blame the government’s policy regarding foreign direct investment into real estate, and particularly retail real estate, for discouraging overseas investors investing in India. Anuj Puri, chairman and country head [...] Continue Reading »
Jones Lang LaSalle has stated that real estate industry in India still has a long way to go to be a mature market. JLL says that compared to Europe or America, India is a strongly developing market in terms of new constructions. However, strong focus has to be laid on licensing, permissions, land purchasing, development [...] Continue Reading »
There has been an effort to regulate the real estate sector in India. The recent bills such as Land Acquisition, Rehabilitation and Resettlement Bill, 2011 and Draft Real Estate Bill, 2011 are testimony to that effort. While, the need to regulate the sector has been discussed at length, there are fears that the bills may [...] Continue Reading »
Motilal Oswal Private Equity Advisors Pvt. Ltd plans to raise around Rs.500-600 crore to invest in residential projects in large cities. This new fund will be Motilal Oswal’s second in the real estate space. It had earlier raised Rs.200 crore under the India Realty Excellence Fund (IREF) in 2009. This time around, Motilal Oswal wants [...] Continue Reading »
International property consultant Jones Lang LaSalle has stated that India and China are leading the list of top 20 destinations with the strongest retail real estate momentum. The shopping centre stocks in these countries are projected to grow by around 15 per cent per year until 2020. However, the firm states that India falls short [...] Continue Reading »
The Competition Commission of India (CCI), is putting around 70 real estate developers in the country under scanner. The developers include big players like Unitech, Parsvnath Developers and Omaxe and several big builders in Mumbai. All these developers’ action for entering into one-sided agreements with buyers and for allegedly colluding with each other have been [...] Continue Reading »
Global property consultancy services firm Knight Frank states that Indian property market is expected to remain stable in the near future. As compared to falling realty market in European countries, Indian market has been predicted to have a smooth ride. Even as prices in some of the international markets may fall 10-20 per cent in [...] Continue Reading »
