Real estate in India
Real estate continues to remain top option for Indian investors. Capital appreciation, rent and protection from inflation drive real estate investment and citizens go for second property for all these advantages. A recently conducted survey in Delhi/NCR, Mumbai, Bangalore, Hyderabad, Chennai, Ahmedabad, Kolkata, Pune, Chandigarh, Kochi, Coimbatore and Jaipur shows that out of 1,430 respondents, [...] Continue Reading »
Gurgaon has emerged as the top real estate destination in the country. A large number of Fortune 500 companies have their offices in Gurgaon, making it a financial, outsourcing and commercial hub of India. The exponential growth in its commercial and industrial profile has led to an ever increasing demand for housing sector in Gurgaon [...] Continue Reading »
Gujarat Institute of Housing & Estate Developers (GIHED) have predicted that housing projects in Gujarat may become costlier by 10-15 per cent if rising input costs of material and labour are unchecked. GIHED sought government’s intervention to check the spiraling prices of cement, which they say have risen by Rs 70-85 per bag of 50 [...] Continue Reading »
Land rates in Bihar continues to soar. However, the volume of revenue collected by the registration department from sale of land and apartments has registered a 50 per cent growth compared to corresponding period last year. According to the statistics of the registration department, the state has earned Rs. 653.51 crore as revenue from the [...] Continue Reading »
Mumbai’s economy has been hurt by an unregulated, hyper inflated and speculative real estate, which in turn would have its effect on the country’s economy. The astronomical property prices are driving new businesses and expansion of existing ones away to other cities. The cost of acquisition of a facility to run business is very high [...] Continue Reading »
Real estate firm Ansal Properties and Infrastructure‘s sales bookings in the first five months of this fiscal have declined by 13 per cent at Rs 1,088.8 crore compared with the year-ago period. The company had sold properties worth Rs 1,250.1 crore in the April-August period last year. The company sold 7.32 million square feet area [...] Continue Reading »
Despite a demand contraction of about 15 per cent in the commercial real estate sector, there is little chance that rents of commercial sector will go down. Property consultant Jones Lang La Salle states that Indian real estate prices are unlikely to be corrected. The Indian residential property market has witnessed a definite slowdown in [...] Continue Reading »
According to the CEO of international property consultancy Jones Lang LaSalle, Colin Dyer, foreign investors are looking at investing in Indian real estate market on a selective basis. Foreign investors are looking at infusing capital behind successful investment managers and many are keen on directly investing. However, they are cautious as the real estate sector [...] Continue Reading »
There has been considerations regarding verticalisation of Delhi in the new master plan for 2021 by allowing higher floor area ratio (FAR) in the city. The aim behind such plan is to increase housing stock and rejuvenate some old commercial areas. Property rates in Delhi, especially in the south and central parts, have soared to [...] Continue Reading »
Slowdown in the real estate sector has badly affected Punjab’s revenue collection from stamp duty and registration fee. There has been a decline of 15 per cent in receipts, compared to the same period in the previous financial year. Property dealers have been badly affected due to the slowdown of market as deals have decreased. [...] Continue Reading »
