Residential projects
Bangalore/Chennai- Luxury residential segment has been observing significant rise in demand in the top seven cities of India. Over 200 luxury residential projects were launched between 2008 and September 2012. Among all the cities, Bangalore alone holds 21 percent of share during the first three quarters of this year while Chennai holds 20 percent. Fast [...] Continue Reading »
Bangalore- Buyers promoting green living seems to have influenced the real estate market of Bangalore. Standard facilities like indoor/outdoor games, club houses, swimming pools, etc are no more luring prospective buyers. Consequently this trend has aimed towards increasing demand for townships in Bangalore with more greenery and open spaces. Manjunath, the MD of Soukyam, said [...] Continue Reading »
It is found that many developers in National Capital Region (NCR) and Mumbai have cut down property prices by around 15 percent, as demand and rent more or less remains the same. However, in a few parts of Mumbai, there was nearly 0. 8% improvement in rent, signifying some demand. Due to weak demand, a [...] Continue Reading »
Bangalore- Nitesh Estates Ltd is planning to raise Rs.400 crore from private equity (PE) firms, for developing residential projects. Nitesh Housing Developers, which is a subsidiary of the company will be raising the big fund. The developer has been planning to launch five new projects of which, two will be luxury residential projects while the [...] Continue Reading »
Luxury villa projects in the city are catching the attention of private-equity (PE) funds and non-banking financial institutions (NBFCs). The investors are also looking at exploring the option of backing luxury villa projects. Reliance Capital Ltd funded Rs.60 crore in an ongoing villa project of Skylark Mansion Pvt. Ltd in Whitefield, while Azure Capital Advisors [...] Continue Reading »
Majority of the builders have starting selling apartments on the basis of carpet area instead of the super built-up area after years of delay and now it has become the norm. Even the buyers are ready to pay as they have to pay for the actual area of their property. The best thing about it [...] Continue Reading »
Surendra Hiranandani, who majorly promoted the House of Hiranandani is now planning to venture into NCR to flourish its residential projects apart from just planning to expand its footprints in cities like Hyderabad and Pune. The House of Hiranandani has already set its footprint in cities like Chennai and Bangalore and is further planning to [...] Continue Reading »
NIBM has become a realty hotspot in Pune. As increasing number of families are preferring the locality, many residential and business projects have started in the area. Currently the property price stands at Rs 6000 per sq ft in the area. The main advantage of the area is well connectivity through roads and the presence [...] Continue Reading »
One of the largest pension asset managers, APG Asset Management, Abu Dhabi Investment Authority and the Government of Singapore Investment Corp are to invest in Indian real estate market . APG, which manages about 300 billion euro in assets, now plans to work directly with real estate developers, as it looks to establish a stronger [...] Continue Reading »
Data produced by Bloomberg TV India shows that the price of residential space has skyrocketed by 6% in six months, and the demand of residential space in Bangalore has gone up by 3% and in Gurgaon the hike is as high as 9%. Whereas, in the past six months, demand of residential property in Bangalore [...] Continue Reading »
