Tier-II cities
Walmart, which had stalled its expansion due to restructuring after it broke up its tie-up with Bharti last year, is again gearing up to expand its footprint and plans to roll out 50 stores in the next five years across the country. The company, which has 20 stores in the country, is planning to open [...] Continue Reading »
India currently faces a housing shortage of approximately 18 million units. However, despite the huge housing shortage in` the country, the vacancy rates are quite high in some of the leading cities of the country. Expert analyses of the current situation in India’s housing market have revealed that although housing continues to be a big [...] Continue Reading »
The Comptroller and Auditor General of India (CAG) has highlighted irregularities in the development of Tamil Nadu’s IT special economic zones in tier II cities including Madurai, Tiruchirappalli, Tirunelveli and Salem. A majority of the land remains unoccupied for over two-and-a-half years and the agency blame it on lack of planning and proper marketing. Given [...] Continue Reading »
Mumbai- With the Finance Bill 2013 improving the distance and population criteria for determining agricultural land as a capital asset without levying any capital gains tax, land transactions around smaller towns are expected to increase. This move has eased norms for realtors and corporates looking to buy plots around small towns and cities now. A [...] Continue Reading »
Bangalore- According to a survey, Hyderabad is the second most affordable office market in the world after Surabaya which is in Indonesia. Cities like Chennai and Pune are in the fifth and sixth positions for the most cheapest office destinations for the foreign firms looking to start up operations. According to a survey consultant, the [...] Continue Reading »
Malls are witnessing increased footfalls during the festive season. In cities like Ahmedabad and Amritsar the mall developers are eager to cash on the festival spirit of the consumers. In malls like AlphaOne, present in both Ahmedabad and Amritsar,this festive season has brought in very good footfalls and the consumer spending has increased since the [...] Continue Reading »
The US Consulate in Chennai is all set to open American Business Corners in Kochi and Thiruvananthapuram to provide further stimulus to the US-Kerala bilateral business relations. The American Business Corners- or ABCs- will be opened in the two cities in September to coincide with the Emerging Kerala Summit. The US consulate will participate in [...] Continue Reading »
Realty consultant Cushman & Wakefield today said that Indian realty is likely to witness around 25 per cent drop down in land deals around Rs 15,000 crore as a result of decline in demand. According to C&W, smaller realty developers would end up buying most of the lands this year than top players. India had seen [...] Continue Reading »
When the large scale builders and developers are successfully entering in tier II and tier III cities, the local builders are struggling to maintain proper business strategies with more transparency in projects. As the second level cities have become more cosmopolitan in nature, the local builders are trying to increase their market position in those [...] Continue Reading »
Inspite of continuous price hikes and interest levels touching sky, demand for home loan has not been affected by any. Home loan has been in constant demand especially in smaller cities. According to a report, loan borrowed has rose by 14% by October 2011 against end of 2010. A rise of 12% was witnessed in [...] Continue Reading »
