Realty News
After the Cushman & Wakefield report on national retail real estate market observing a deferment of more than 30 percent of retail mall space against the projected supply for the first half (H1) of 2012, there are speculations about the backdrop of the situation. The National Capital Region (NCR) has seen the highest mall supply [...] Continue Reading »
The slowdown in the Indian realty sector has been reflected in the books of DLF, the largest player in the segment. The net profit of DLF, India’s largest real estate company, fell 18 per cent to Rs 292 crore for the quarter ended June. The dip is quite huge compared to Rs 358 crore for [...] Continue Reading »
The Indian realty and construction sector is facing a grave problem in the form of severe shortage of workforce. While increasing urbanization is generating unprecedented demand for real estate, there is a shortage of skilled as well as unskilled laborers to meet the demand. This massive requirement for realty space results in huge demand for [...] Continue Reading »
Indirapuram in Ghaziabad, is fast becoming a realty hub. Situated in the National Capital Region (NCR) and on the National Highway-24, it is epitomized by the new age shopping malls, skyscrapers and huge commercial complexes. Experts state that the retail and commercial values recorded an average appreciation of 10-12 per cent in the capital segment [...] Continue Reading »
Chennai-based real estate firm, Casa Grande has launched a luxury project in Chennai. The project comprises of its signature villas –Casa Grande Auburn in Perungudi. The project is located behind Prince Infocity in perungudi and covers 25 signature villas with lifestyle amenities like Club house, Swimming pool, Party hall and gym. It is available on [...] Continue Reading »
Jones Lang LaSalle has released its half yearly review of Indian office real estate. The findings of the first half of 2012(1H12) data reveals quiet activity during the period compared to 1H11. In 1H12, the top seven cities of India together recorded a 35 per cent dip in office absorption compared to 1H11. The shrinkage [...] Continue Reading »
A recent survey was carried out by real estate research firm Jones Lang LaSalle (JLL) on affordable housing in seven cities – Mumbai, New Delhi, Kolkata, Chennai, Pune, Ahmedabad and Bangalore. The survey shows that Mumbai tops six other cities in the country for the number of upcoming affordable housing projects. Around 15 projects are [...] Continue Reading »
Real estate firm Kumar Urban Development announced that it will invest Rs 250 core to construct shopping complexes in Pune. The plan involves developing 6-7 shopping complexes in Pune which would consist of 450 shops. According to the management sources, the construction would start soon and be completed in the following 18 months. The Pune-based [...] Continue Reading »
Kotak Realty Fund is withdrawing its investment from Lalith Gangadhar Constructions Private Ltd. According to sources, Kotak is selling its 49 per cent stake for Rs. 53 Cr to the promoters. Promoted by Girish Puravankara, Lalith Gangadhar Constructions is engaged in real estate development, real estate marketing, facility management and project management activities. Kotak has [...] Continue Reading »
Studies show that new mall supply is reducing in the first half of this year. As a result, high street rentals in Mumbai’s retail real estate are on the rise. With developers focusing on cutting down the current mall vacancy and hence cutting down on new launches, the lack of quality mall space is pushing [...] Continue Reading »
