Real estate arm of Writer Group buys 2-acre land at Rs. 200-cr for mixed use, signalling a surge in the suburbs. Sachin Dave reports.
The commercial real estate sector that was seeing stagnancy, as demand was constant with no new supply, continued to see pressure as rents more or less remained the same. Sachin Dave reports.
As the price of real estate properties remains stagnant in 2012, rental yields - or rent as percentage of the value of property - have been falling drastically in metros, say industry analysts, Sachin Dave reports.
At a time when the real estate properties in metros are witnessing a decline in sales and downward pressure on prices, some areas in Mumbai, National Capital Region (NCR) and other cities are expected to see a jump between 90% and 150% in the next five years. HT reports.
As festive season ends, NCR and Mumbai builders have even more flats than takers. Will prices be cut? HT reports.
Cautious private equity investors, who burnt their fingers in real estate investments made at 2007-08 peak prices, are now investing on the assumption that prices are not going to increase from current levels for the next three years, Sachin Dave reports.
Were you planning to buy a home and felt disappointed with the Reserve Bank of India's (RBI's) decision not to cut interest rates on home loans? Well, there could be a silver lining. Sachin Dave reports.
Realty players who are hard pressed on liquidity, and have been turning to the private equity (PE) players for funding, may end up benefitting customers, Sachin Dave reports.
Waiting to buy your dream home around Diwali in anticipation of festival incentives? You may be in for some bad news. Real estate developers are not planning many launches this time around. Sachin Dave reports.
ITC Limited, the country’s second largest hospitality group, has plans to add 5,000 rooms in different cities over the next five years. On the drawing board are a golf resort in Delhi, a new hotel in Kolkata, two in Hyderabad, one in Noida and another one in Colombo, Sri Lanka.
Customers, especially in metros, who are planning to buy a house this year, could see some freebies offered by real estate developers. These may include free parking and easier terms to manage home loans. Sachin Dave reports. Incentives galore
Want to buy a home, but can’t afford it? Wait a year and organise finances, say experts, as property rates in metros are unlikely to escalate from here, and may well see correction before 2013-end. Sachin Dave reports.
The practice of buying houses not for staying there but just to trade in them has deepened in the Indian realty market, creating a shortage for many.
Moushumi Das Gupta reports.
India and China are expected to hog the lion's share of real estate investment opportunities linked to the retail sector, which is estimated to reach $180 billion ( Rs. 995,000 crore) by 2020, says a report by property consulting firm Jones Lang LaSalle.
As real estate goes through a tough phase, developers have pulled yet another trick to increase cash flows without causing losses to speculators —commercial project prices have been slashed by around 15% in the past two months.