Real Estate Industry
Project launches in Kochi might seem to depict that the real estate industry is on the rise, but the decreasing rate of property registrations tell another story. The financial year 2013-14 saw a dip in this aspect, in comparison to the year before. In terms of percentages, the decrease is only around 1%, but a [...] Continue Reading »
Realty sector experts are expecting the new Narendra Modi-led Government to make a slew of changes to the stagnating legislations pertaining to the real estate industry, and pave the way for a “new India.” Experts who are pushing for modifications of legislations – as well as improved transfer pricing regulations to attract investors – include [...] Continue Reading »
Hopeful of a revival of fortunes of the under-performing real estate sector once the new Government comes to power, the realtors are seeking the implementation of ‘single window clearance system’ from Prime Minister-designate Narendra Modi. In a proposal sent to Modi, a real estate group of Noida has urged greater transparency in the realty-project approval [...] Continue Reading »
According to Minister for Urban Affairs Manjalamkuzhi Ali the state government is going to introduce a slew of measures to streamline the real estate sector. Some of the steps are setting up a Real Estate Authority, online registration facility for developers and amendments to the Coastal Regulation Zone Act. The minister was at Recon 2014, [...] Continue Reading »
Knight Frank Asia Pacific has introduced the market’s first-ever Prime Asia Development Land Index which obtains the cost of prime residential and commercial development land in 13 major cities across Asia that consists of cities like NCR, Bengaluru and Mumbai in India. Key Takeaways Mumbai Modification in development rules coupled with increase in prime residential [...] Continue Reading »
The strategy of City-based developers to market large-scale housing projects is seemed to be working. A theme-based project Purva Palm Beach in Hennur is launched by Puravankara Projects through an IPO-like book building mechanism. To sell its inventory of over 1,400 apartments in the Republic of Whitefield project, an Air Asia-like seat pricing method is [...] Continue Reading »
The ‘Verified Property Show 2014′ is a property exhibition that invites property developers as well as over 500 investors to come together on a common platform in order to build trust and relationships in such a challenging real estate market. The property show looks towards the genuine residential and commercial investors who are aiming to [...] Continue Reading »
The mismatch between supply and demand for retail space in the southern India is growing worse. The real estate builders continue to build malls in a saturated market and as a result, by 2014 there will be an increase in supply by 100 percent. Over the next two years, Bangalore will have 27.602 million square [...] Continue Reading »
Spectra Constructions Pvt Ltd is coming up with its new project Spectra Raintree, located near Richards Park, which is about 75 metre from the main road and is away from all the hustle and bustle of the city. The project is just minutes away from major educational institutions, supermarkets, parks, entertainment zones and healthcare centres. [...] Continue Reading »
Mumbai- Real estate developers who were not able to rent out malls or facing tough time in building shops is expected to look up after the parliament cleared the foreign direct investment (FDI) in multi-brand retail. According to Jones Lang LaSalle, a real estate consultancy, India has recorded a dropdown in the supply of rental [...] Continue Reading »
