Real estate in India
The investors who booked flats in different projects of Mayfield Gardens in Gurgaon are stuck in a terrible situation as their investments are not just stuck in bad deals, but the hope of recovering their investment is also fraught with numerous problems. The Town and Country Planning Department (TCPD) had cancelled the licenses of the [...] Continue Reading »
The high profile case between industrialist Nusli Wadia and real-estate developer Gopal Raheja about challenging the management rights over 460-acre land in Malad, drags on. The court has now asked Ferani Hotels, owned by Raheja, to file their affidavit supporting its claims by August 22. The court has asked Nusli Neville Wadia to submit his [...] Continue Reading »
The steady pricing that Bangalore real estate has maintained so far has been good news for the buyers. But things are expected to change as the Bangalore real estate market is expected to shoot up from the next quarter. The main pushing factors are increase in cement and steel prices in the last couple of [...] Continue Reading »
According to property consultancy firm Jones Lang LaSalle India (JLL), consolidated absorption of office space in the past six quarters has caused appreciation of rental growth across the country. Majority of gross rental appreciation during the period from Q4, 2010 to Q1, 2012 was witnessed in tier-I cities including Bangalore, Mumbai, Delhi and Gurgaon. Chennai, [...] Continue Reading »
According to Cushman & Wakefield (C&W), residential property launches across major cities in India fell by nearly 44% to 17,500 units in the second quarter of 2012. C&W cites the prime reasons behind the fall being delay in approvals, significant inventory in certain places and postponement of project to accord new launches with the festival [...] Continue Reading »
There seems to be no end to DLF’s legal feuds as cases are piling up against the developer for a wide range of reasons including unfair business practices for the last couple of years. In the latest event, more than a dozen investors dragged DLF to court, accusing it of downgrading their investments in an [...] Continue Reading »
Notwithstanding the prevailing negative sentiment, commercial real estate services firm CBRE says retail real estate market in India seems to be promising. In its survey titled ‘India Retail Market view’, CBRE states that leading brands and retailers are pursuing expansion plans aggressively across India. The survey mentions that leading brands are increasing their presence across [...] Continue Reading »
According to a Reuters poll, house prices in India have no signs of coming down in the current financial year. House prices have almost doubled in the past five years and the scenario continues to look gloomy for the buyers. However, as per the poll prediction, prices in Mumbai have a fair chance to fall [...] Continue Reading »
Residential property sales across Bangalore have dropped up to 40 per cent in April-June quarter as compared to the peak of Q4 2012. The city’s realty markets, where real estate sales are largely driven by IT clientele (60-65 per cent), have been going through a sluggish period. According to Karvy Institutional Research, a brokerage firm, [...] Continue Reading »
Real estate firms and property consultants today expressed disappointment over RBI’s decision to keep rates unchanged. There were no change in the rates in previous policy announcement and the real estate sector was expecting a rate cut this time around. Experts maintain that the sector urgently needs cut in interest rates to boost housing demand. [...] Continue Reading »
