Realty News
Real estate major Unitech expects a sales realisation of Rs 400 crore over the next 2-3 years from a new premium housing project in Noida. Unitech launched a seven-acre housing project ‘Exquisite’ in Noida last week. Unitech, the country’s third largest realty firm, will develop 312 luxury apartments in the project. The sizes of the [...] Continue Reading »
Jones Lang LaSalle, world’s second-largest property consultant, predicts growth in India’s property market is expected to fall to less than 5 per cent over the next 12 months. In an interview with Reuters, president and global chief executive officer of JLL stated that the market looks grim compared with an annual growth rate of 17 [...] Continue Reading »
As per records, Morgan Stanley, the US-based investment bank, is in the process to buy real estate firm DLF’s wind power business. It shows the bank’s heightened private equity interest in renewable assets. Morgan Stanley is keen on buying DLF’s business to consolidate wind power assets in India. DLF’s wind power business was put on [...] Continue Reading »
The country’s largest real estate firm DLF has decided to end its five-year long association with the Indian Premier League (IPL). The title sponsor of IPL did not renew its contract that was due by last month. DLF sources said that the company will promote other sports and is currently exploring various such platforms for [...] Continue Reading »
In the past two decades real estate has witnessed rapid growth in Gurgaon. Its boundary expanded by a radius of nearly 8-10km. The past five years saw three master plans, announced successively – master plan of 2021 in 2007, of 2025 in 2011 and of 2031 in August 2012. However these plans have failed to [...] Continue Reading »
Real estate proves to be one of the best avenue for investment for the large base of NRI population. Delhi NCR has become one the most preferred locations among them. Experts state that real estate offers a safe option to enhance one’s investment portfolio due to high rate of appreciation and periodical returns. NRIs usually [...] Continue Reading »
Analysts said that demand for commercial real estate has dropped around 30 per cent in the past year, due to general economic slowdown. Office rentals witnessed 15 per cent decline in rentals across many locations. In some cases it has come down by as much as 50 per cent. Credit to the commercial real estate [...] Continue Reading »
Real estate developers expect home prices to rise by at least 25 per cent in Noida Extension.The prediction comes as the government has lend approval to Greater Noida master plan. The leading developers are hopeful that demand would be much higher and there would be an opportunity for both investors as well as end users. [...] Continue Reading »
As Union Finance Minister P Chidambaram’s take on realtors seems to invite reactions from the developers. CREDAI national president Mr Lalit Kumar Jain stated that the finance minister should take immediate steps to boost to housing stock supply through special incentives to the affordable segment. He further added that the reported figure of unsold housing [...] Continue Reading »
The real estate sector in the diamond city of Surat is experiencing a severe shortage of labourers. Strict implementation of police notification on construction workers has led to fleeing of building contractors. The drive started by police to collect photographs and other details in Katargam, Varachha, Puna, Dabholi, Sachin and Udhna has created panic among [...] Continue Reading »
