Realty market
The realty industry appears to be on the verge of recovery, with the bounce back in economic growth leading to an increase in real estate-related enquiries with realty developers. Reporting that realty enquiries have witnessed a surge of late, realty developers have also asserted that many of the enquiries have also resulted in property purchases. [...] Continue Reading »
Experts say rents are up because prices went up irrationally in several major markets. It has seen a 15-20 per cent rise in values over the past year across many markets, irrespective of the slowdown in the property sector. While buyers are in a wait and watch mood, the home rental market is headed north. [...] Continue Reading »
Online space is projected to be the very important medium for property buying. Until now it was restricted to checking designs and prices of properties. However, it may take a few years before online property buying becomes as common as purchasing clothes, electronics or books by the click of a mouse. Real estate companies inform [...] Continue Reading »
Noida authority has decided to warn the “defaulter” developers, who have not paid the due amount for the land given to them for development. Noida and Greater Noida home-buyers need to be serious about the issue, as such developers will not be allowed to sublease or register flats in the favour of home-buyers. As per [...] Continue Reading »
New Delhi- With a lackluster realty market last year, the Indian realtors are expecting better market sentiments this year. They have been banking on the important legislation which is supposed to be introduced by the government in the upcoming budget session of the parliament. The budget is expected to create a larger impact on the [...] Continue Reading »
The demand for 1bhk and 2bhk flats increased by 70 percent in Chakan. The demand for residential apartments is growing up by 25 percent every year and it is expected to expand by 35 percent after the completion of the Chakan Airport. Prithviraj Chavan, Chief Minister, said that the land for the international airport at [...] Continue Reading »
A report by PricewaterhouseCoopers and Urban Land Institute stated that cities like Mumbai, Bangalore and Delhi have seen less desire by international bodies in real estate sector for investment purpose. In 2012, Mumbai, Bangalore and Delhi were in 10th, 15th and 12th rank in the report Emerging Trends in Real Estate Asia Pacific which has [...] Continue Reading »
Pune- The Pune real estate market is attracting good number of investors and buyers. The developers are also showcasing new projects in various destinations. The project inculdes both premium and affordable housing. Talegoan is located on the Bangalore-Mumbai expressway, hence it is not only attracting buyers from Pune but also from Mumbai and Bangalore. The [...] Continue Reading »
Sean Tompkins, global chief executive officer of UK-based Royal Institution of Chartered Surveyors (RICS) has said that the foreign investors are thinking twice before investing in the Indian real estate market because it fails to meet the global standards. Between 2006 and 2009 the Indian realty had witnessed around $20 billion in investment of which [...] Continue Reading »
Jumeirah Group, a Dubai based hospitality company signed a deal for luxury hotel at Lower Parel in central Mumbai. Jumeirah is the operator of Dubai’s seven-star hotel Burj Al Arab. The hotel in Mumbai will be operational by 2017 and will offer 470 luxurious rooms, service apartments and suites, as well as wide variety of [...] Continue Reading »
