Residential real estate
New Delhi- High property prices and rising interest rates of home loans during 2012 have brought down demand for properties in India. In the top six cities of India, the housing sales have dropped by 16 percent to around 2 lakh units in the previous year, revealed a report by property consultant Knight Frank. Many [...] Continue Reading »
The residential property market in Bangalore saw an absorption of 4,645 units during third quarter against 4,290 units in second quarter. The increase in demand was due to the home buyers shifting towards purchasing a property rather than paying high rents and also due to the improved sales in projects that are about to get [...] Continue Reading »
Real estate developers face many challenges to get approvals from the authority which in turn lead to delay in construction work and possession. The government is planning to set up fast track approvals for real estate projects where they will post all the approved projects online to minimize delay in possession. It will be easy for consumers [...] Continue Reading »
A recent survey revealed that there was a 20 percent hike in the rentals for Bangalore when compared the rents of a 3BHK residential apartment in the third quarter of last year (Jun-Jul-Aug ’12) over the third quarter of 2010 (Jun-Jul-Aug ’10). A real estate expert commented that, the rental values in localities such as Electronics [...] Continue Reading »
In the past few months, Begur Road in Bangalore has witnessed a substantial growth in the real estate prices. The area is fast growing to be a hot property destination for the IT crowd. The average price recorded in the area was Rs 2,942 per sq ft, an impressive increase of 21 percent since the [...] Continue Reading »
There have been forecasts that Pune residential real estate is going to boom in 2013. This may be due to high demand of properties from IT/ITeS and manufacturing sector employees. According to property consultancy firm, Jones Lang LaSalle India, investors based in Mumbai and NRIs are looking to invest in a market which has been [...] Continue Reading »
Pune real estate sector saw some good times in the previous year, 2012. Real estate market did well in terms of price appreciation in some parts of the city. Property prices went up to 7-9%, which was good compared to other cities. However, all was not well in Pune real estate market. One such issue [...] Continue Reading »
High prices of properties is the major concern for home buyers across India. Though unsold properties are piling up, developers are reluctant to reduce rates. As per the data from the NHB (National Housing Bank) Residex index which tracks price movements in the residential segment in 20 cities across India, the rise in property rates [...] Continue Reading »
After the huge success of the development of luxury apartments in Burj Khalifa in Dubai, Italian fashion designer Giorgio Armani is eying Indian luxury real estate. Earlier, Armani had tied up with Lodha group, the Mumbai based real estate developer and now he is planning to collaborate with Noida based Supertech to build Armani Tower. The Armani [...] Continue Reading »
According to a report by Karun Varma, managing director, Bangalore & Kochi, Jones Lang LaSalle India, stated that residential real estate in North Bangalore is going to boom in 2013. North and East Bangalore is close to international airport, the increasing number of IT projects will bring sharp focus in this area. Projects which are [...] Continue Reading »
