Real-estate market
Mangalore has witnessed slump in the residential property sales in the recent past. June-July month has seen a grave dip in the bookings. The slump seems due to reluctance of non-resident Indians to invest in property in Mangalore, , to invest in the properties here. Usually the NRIs account for 55-60 per cent of the [...] Continue Reading »
Global real estate consultant Cushman & Wakefield has announced that they would be opening their new office, their 10th one in the country, in Ahmedabad. It bears testimony to growing Gujarat real estate market which has seen active industrial growth in the state in the last few years. Gujarat has seen a model growth in [...] Continue Reading »
Although the real estate market remained sluggish, nearly seven million sq ft of office space were leased out during the April-June period, says a survey. Major cities like Delhi NCR, Mumbai and Bangalore have totalled over 75 per cent of the entire space absorbed during the three month period, according to a report by global [...] Continue Reading »
The Mumbai apartments sale in the financial year 2012 dropped by more than 60% from its peak in 2007 and 35% from 2011. The city’s real estate market has stagnated with only 45,000 apartments sold in the Mumbai metropolitan region (MMR) during 2011-12, well below the market average of 80,000 units annually. A report released by Knight Frank research [...] Continue Reading »
Though the present real estate market of India is witnessing a downtrend, it has not stopped the listed companies from shelling out attractive dividends for the fiscal year 2012. According to an analysis, 26 listed companies – most having a 50% or more promoter holding – recommended an aggregate dividend of Rs 722 crore during [...] Continue Reading »
Local developers show mixed reactions as the revised government order (GO 245) on affordable housing issued by the Municipal Administration and Urban Development (MAUD) department on Saturday. While developers lauded the state government for exempting projects measuring up to 5 acres from the EWS/LIG clause, they rued its decision to lay separate guidelines for the [...] Continue Reading »
After three years of decline, Dubai is witnessing a recovery in the real estate market. Prices of apartments and villas have increased up to nine per cent and 16 per cent respectively here during the first half of this year. According to a report by the property management firm Asteco, apartment rents have risen by up [...] Continue Reading »
Real estate market experts feel that property prices may come down, but however, it depends on the holding power of the builders. The real estate sales volume has dropped down in six of the major cities in India. Mumbai Metropolitan Region (MMR) witnessed 50 per cent drop, Gurgaon 45 per cent, Hyderabad 34 per cent, [...] Continue Reading »
Real estate leasing by Information Technology (IT) and IT-enabled services (ITes) sector firms have shown a downturn in Mumbai and National Capital Region (NCR) during this year. According to data shown by DTZ, an international real estate research firm, Bangalore boosted by the share of IT/ITes in the total office space transaction surging from 55 [...] Continue Reading »
In the present real estate market scenario the home buyers are younger than they were before. Most of the home buyers buy their dream home in their twenties. Buying a second house in India is a new trend and has been recognized as a growing market in the past few years. As an investment, real [...] Continue Reading »
