Realty News
According to property consultancy firm Jones Lang LaSalle India (JLL), consolidated absorption of office space in the past six quarters has caused appreciation of rental growth across the country. Majority of gross rental appreciation during the period from Q4, 2010 to Q1, 2012 was witnessed in tier-I cities including Bangalore, Mumbai, Delhi and Gurgaon. Chennai, [...] Continue Reading »
There seems to be no end to DLF’s legal feuds as cases are piling up against the developer for a wide range of reasons including unfair business practices for the last couple of years. In the latest event, more than a dozen investors dragged DLF to court, accusing it of downgrading their investments in an [...] Continue Reading »
Notwithstanding the prevailing negative sentiment, commercial real estate services firm CBRE says retail real estate market in India seems to be promising. In its survey titled ‘India Retail Market view’, CBRE states that leading brands and retailers are pursuing expansion plans aggressively across India. The survey mentions that leading brands are increasing their presence across [...] Continue Reading »
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 »
Residential property sales across Bangalore have dropped up to 40 per cent in April-June quarter as compared to the peak of Q4 2012. The city’s realty markets, where real estate sales are largely driven by IT clientele (60-65 per cent), have been going through a sluggish period. According to Karvy Institutional Research, a brokerage firm, [...] Continue Reading »
Real estate firms and property consultants today expressed disappointment over RBI’s decision to keep rates unchanged. There were no change in the rates in previous policy announcement and the real estate sector was expecting a rate cut this time around. Experts maintain that the sector urgently needs cut in interest rates to boost housing demand. [...] Continue Reading »
Gulf Oil Corporation Ltd has entered into a joint development pact with Hinduja Estates for development of the 76 acre company land in Hyderabad. As per sources, the project is to be completed in five-six years and will be located at the company’s campus close to the busy residential-cum-business hub in Kukatpally. As per agreement, [...] Continue Reading »
The Punjab and Haryana high court has ordered the Haryana government to take action against builders for illegal use of groundwater. The court also ordered to seal all borewells at construction sites in Gurgaon over the next two weeks. The court order will have an adverse effect on nearly 450 ongoing commercial and residential projects. [...] Continue Reading »
Godrej Properties, the real estate development arm of the Godrej Group, through its wholly owned subsidiary Godrej Projects Development Private (GPDPL), recently signed an agreement to redevelop a private society owned property in Ghatkopar, Mumbai. The project is located in the heart of the central suburbs, just off LBS Marg and has excellent connectivity to [...] Continue Reading »
A recent survey by the civic authority has revealed that there are more than 320 real estate projects in Mumbai, both commercial and residential, which have been put on hold. The data came up during a recent survey of mosquito-breeding sites in the city. Majority of these projects, around 202, are in the western suburbs [...] Continue Reading »
