Realty News
New housing projects have been launched in Gurgaon due to strong real estate market in account of this festive season. Real estate consultancy, Qubrex says that the booking for new projects are encouraging and even the prices have increased due to strong demand. Projects in the sector 104 started with Rs 5350 per square feet [...] Continue Reading »
This festival season developers are planning to attract property buyers with special discounts and freebies. Several developers are rolling out special offers ahead of Diwali in metros and also in tier II cities such as Amritsar. SARE Homes and Impact Projects organized a two day Home Carnival or ‘Gharotsav’ on 3rd and 4th November 2012 [...] Continue Reading »
The Allahabad high court judgment imposing stay on 802 acres of land in Noida has affected real estate development. However, the court’s ruling was a major relief for farmers. The project areas like sectors 74,79,112 and 119 in Noida will face a big back drop due to the judgment. Thousands of housing units are being developed [...] Continue Reading »
Chennai’s CBD areas observed a downfall in demand for smaller and medium format office spaces with the absorption recorded at around 44,000 sq ft, during third quarter predominantly. The Suburban Business District (SBD) including areas such as Velachery, Perungudi and Mount Poonamallee Road have witnessed restrained demand levels for office space, with absorption recorded at [...] Continue Reading »
Real estate advisory Cushman and Wakefield (C&W) said Pune has witnessed 28% of vacancies in malls in the third quarter of this year due to oversupply. However, due to the increased supply, the rental values witnessed a drop. The extravagant retail developments in the last few years in Pune have put some pressure on the rental values. The [...] Continue Reading »
The real estate sector remains on the top when it comes to unveiling unaccounted income. The operations against realty firms make more than 70 per cent of I-T raid operations in the state. I-T officials say that many realty firms have done good business and have evaded taxes. Sources say that, around 6,000 suspected land [...] Continue Reading »
Malls are witnessing increased footfalls during the festive season. In cities like Ahmedabad and Amritsar the mall developers are eager to cash on the festival spirit of the consumers. In malls like AlphaOne, present in both Ahmedabad and Amritsar,this festive season has brought in very good footfalls and the consumer spending has increased since the [...] Continue Reading »
Sources say that a multi-crore deal between private equity firm IL&FS Investment Managers and real estate developer Logix Group has been called off. The proposed deal was estimated to be about Rs 600 crore. As per the deal, the Logix Group would have sold four office buildings in Noida to IL&FS Investment and the listed [...] Continue Reading »
Air India is planning to monetise 105 realty assets to lower its debt burden. According to industry sources, the debt ridden national carrier had invited bids from real estate consultants and Jones Lang LaSalle India is close to seal the deal. The financial bids opened last week and based on the financial proposals submitted by [...] Continue Reading »
The apex body for real estate developers, the Confederation of Real Estate Developers Associations of India (CREDAI) has said that in order to reduce corruption, the proposed realty regulator should try and minimise the human interface in the process of grating the clearance and registration. Once the regulatory bill comes into force, there should only [...] Continue Reading »
