Real estate in India
Real estate and apartment management portal CommonFloor.com has launched an Android app for its apartment management service, CommonFloor Groups. CommonFloor Groups is a great way to connect neighbours in an apartment complex. It’s India’s largest apartment management tool, currently being used by ten lakh residents across one lakh gated communities in India. One can use [...] Continue Reading »
The Colliers International report crunched out some extremely valuable numbers, while providing great insights on the residential property market. India grew at 4.7% in the 4th quarter, 2013 in comparison to 4.8% recorded in the previous quarter. The business confidence levels (BCI), however, rose from 45.7 in the previous quarter to 54.9 during the 4th [...] Continue Reading »
The recently concluded national elections marked the rise of BJP as the single largest coalition party. Narendra Modi will soon be sworn in as the 15th prime minister of India. With this major political development, Cushman and Wakefield expects major politico-economic conditions of India, with a significant impact on real estate. Executive Managing Director of [...] Continue Reading »
Realty sector pins high hopes on the Modi Government and has expressed that they can fulfil the dream of ‘’Home for all’’ if their situation is safeguarded. If the real estate industry gets the ‘’Infrastructure Status’’ then as per the Govt. of India rules, they can enjoy the benefits of loans from banks and financial [...] Continue Reading »
The Indian real estate industry is extremely hopeful that a new stable Central Government, most likely to be led by Narendra Modi, will revive the country’s muted economy and resuscitate the realty sector. Since the real estate sector comprises the base of the country’s economic sentiment, realty players are anticipating that the new Government will [...] Continue Reading »
With the real estate market having received a notable impetus from infrastructure growth all over India, developers who have projects coming up close to National Highway 3 (NH3) are optimistic of an imminent rise in realty prices in the near future. Of late, Thane and adjoining areas have developed fairly rapidly, thanks to the increased [...] Continue Reading »
The real estate companies are transferring funds from housing and other projects towards election campaign contributions. As compared to other sectors the developers are depending on connection with the government to acquire land or win contracts. If the developers support the campaign of the winning party the return is huge for the developers. Mr. Santhosh [...] Continue Reading »
Bangalore has witnessed the highest proportion of new project launches compared to eight major cities across India in first quarter of 2013. According to real estate consultants Cushman and Wakefield, around 40 percent of the total new unit launches in the city were in South Bangalore. In a recent study by the firm, North Bangalore [...] Continue Reading »
In the last three years, the number of unsold housing units in prime cities such as Delhi-NCR, Mumbai and Hyderabad have nearly doubled, indicating that the real estate in India would need a long time to recover from. Liases Foras, a real estate consultancy and research firm has revealed that the stock level of residential [...] Continue Reading »
With the new farmhouse policy in the final stage of formulation by the Haryana government, Gurgaon is now all set to develop farmhouse colonies as the latest entrant to its real estate kitty. As per the draft policy a farmhouse colony would be a cluster of 20-30 farmhouses, spread over at least 100 acres, each [...] Continue Reading »
