Real estate trend
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 »
The real estate trend of the Silicon City of India has been witnessing a drastic increase in the property prices. The real estate prices have touched the peak by about Rs. 33,000 per sqft. This property price was said to have been tagged to the upcoming apartment at the Kingfisher Towers also known as the [...] Continue Reading »
The real estate is right now on a recession trend and the same scenario is likely to continue in 2012. With the recession hit, the real estate development authority has decided to stop the land auctions from next year. It has been learnt that due to downfall in real estate market, since three years Mumbai [...] Continue Reading »
Mumbai government is shocked and worried to see a major slump of real estate for the fiscal year 2011. The overall revenue target for the current fiscal account has been reporting a major drop down. The eastern suburbs have traced a major drop in the real estate transactions. Rising property rates, inflationary pressures and constant [...] Continue Reading »
Buying a house along the beach around Chennai is the new trend among those looking for an investment away from the city. This trend has led to development of the East Coast Road (ECR), Old Mahabalipuram Road (OMR), and the Grand Southern Trunk (GST) Road. While OMR Chennai has highrise buildings, ECR Chennai has sprawling [...] Continue Reading »
Real estate emerged as the most favourite sector for investors in Haryana in 2010, an Assocham study said. Of the total investment of Rs 4.3 lakh crore under implementation, real estate accounted for Rs 2.4 lakh crore, it said. It said Rs 2.4 lakh crore were invested in major cities like Gurgaon, Manesar and Faridabad. [...] Continue Reading »
The Mumbai based real estate developer, Godrej Properties Ltd, signs a development agreement and plans its second residential project in Chembur Mumbai strengthening their presence in Mumbai Real Estate. Godrej Properties Ltd announced that it has finalized a development agreement with Capsulation Services Private Ltd. The company will develop a residential project in Chembur Mumbai [...] Continue Reading »
After a one-year period starting in the third quarter of 2009,the Mumbai residential real estate market has been seeing a slowdown. The key reasons behind this slowdown are higher prices, higher interest rates impacting affordability, lack of liquidity, scams diluting investor sentiment – and, to a lesser extent, excess supply in a few micro markets. [...] Continue Reading »
Bangalore and Chennai are the cities in South India to see upcoming residential developments.The mind-boggling rise in demand for properties in Bangalore and Chennai is mainly due to the enormous migration of IT professionals to the city. Property is the safest bet after gold as far as investment is concerned. The residential and commercial properties [...] Continue Reading »
Mumbai Asia’s 4th costliest place for office space in Oct-Dec 2010 Mumbai has become the fourth costliest city in Asia Pacific for renting a office in the last quarter of 2010. the average annual rentals of Mumbai during the quarter has been estimated at USD 705 per sq mt, the same has been found to [...] Continue Reading »
