rentals
India’s largest real estate developer DLF leased out three million sq ft of office space, more than half of it is in Gurgaon. The lease rentals has seen stable to healthy increases in various micro markets. A lot of tenants who are completing the 9-year-lease term in DLF CyberCity, Gurgaon, have chosen to renew their [...] Continue Reading »
Due to Urbanization and migration of peoples towards cities, the government has to consider about urban mass rapid transit systems which are also known as metro railways to reclaim much of the lost ground in urban planning. At least 10 metro projects are at the different phases of planning and implementation. These projects would need [...] Continue Reading »
For property owners in Kharadi in East Pune or Baner in West Pune, there is a good reason to cheer. The rentals in these locations have gone up by 28-31 per cent in the last two years. According to a survey, 82 per cent of home-buyers consider investing and staying near their work place or [...] Continue Reading »
Bangalore- An RTI activist’s queries revealed that Bangalore Development Authority (BDA) has to recover rental dues of over Rs 15 crore from the shops and office spaces it had leased out in its 15 shopping complexes in the city. Several media copies of documents obtained through RTI were released on Tuesday by the activist, BM [...] Continue Reading »
Hyderabad- A survey conducted in Hyderabad showed that the residential property rentals have increased and have shifted from the affordable tag. The rental prices have increased by about 20% in the last six months which realtors blame towards the lack of new projects and increased demand for homes. Hitech areas like Gachibowli, Madhapur, Srinagar Colony, Banjara Hills and [...] Continue Reading »
Property consultants Jones Lang LaSalle reported that the demand for residential units in and around Chennai has remained stable in the third quarter of current year. Around 5,600 units have been absorbed in the quarter when compared to some 5,550 units in April-June 2012 quarter. The growth corridors like OMR and GST have continued to remain [...] Continue Reading »
The recently announced retail reforms seem much needed aide for India’s biggest real estate firms such as Unitech, DLF, Oberoi Realty and Nitesh Estates. All these firms’ retail segment plans have been crumbling in the recent past and now hope resurfaces with the proposed reforms. DLF, the country’s largest real estate company, is already planning [...] Continue Reading »
India’s economic slowdown is reflected in the realty sector in the last few months. Asia’s third-largest economy is growing at its slowest pace in nine years and slow consumer expenditure has hit the retail market and the mushrooming malls. Real estate prices and construction costs are rising but the retail business is not growing enough [...] Continue Reading »
Office sales and rentals have plunged by almost a third in the last two years in Mumbai’s alternative financial district of Lower Parel. The reason is a building boom that took place after various mill land sales 4-5 years ago. In the recent years, Lower Parel witnessed launches of nine major projects, creating office space [...] Continue Reading »
The National Capital region (NCR) is expected to observe an additional supply of 48 million sq. ft. of office space over the next three years which may lead to fall in rentals, realty consultant Knight Frank said. The majority of the office supply is likely to crop up in Gurgaon and Noida markets while the [...] Continue Reading »
