Track2Realty Exclusive: The NRI enquiries are unlikely to materialise as sales because Indian real estate has lost its credibility. Moreover, given that general elections are around the corner, real estate is in doldrums as all the black money that has been pumped into realty, is slowly being drained out to fund elections.
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Track2Realty-Agencies: The Supreme Court on Wednesday, Aug 27, ordered DLF to deposit Rs 630 crore in 3 months as a pre-condition for entertaining its appeal against the Competition Appellate Tribunal (COMPAT) decision upholding a Competition Commission’s order imposing the hefty penalty.
Track2Realty: Mumbai International Airport Pvt. Ltd. (MIAL), a GVK Led Consortium announced kick starting of monetisation of commercial real estate by finalising lease of one of the parcel, to Oasis Realty Pvt. Ltd. This parcel will have a potential for commercial development of 1.166 million square feet.
Track2Realty Exclusive: At a time when the clouds hovered all around the realty sector ranging from the policy bottlenecks to dried finance and inventory overhang, the depreciating value of rupee vis-à-vis US dollar was seen to be the only silver lining. The sector went euphoric with the increase in NRI enquiries all through the year 2013.
Track2Realty Exclusive: Coimbatore property market in many ways is an ideal investment paradise both for residential as well as commercial purposes. Its strategic location is also a traction point that attracts not only people in the South India but across the country. There are only a few property markets in India which has a fine balance between the residential and commercial developments, without one segment over-supplying and in the process over-shadowing the other.
Track2Realty: The overall mall vacancy levels across the top eight India cities remained stagnant at 14.47% in Q2 2014, which was recorded around 0.4 percentage points lower compared to Q1 2014. Amongst the top eight cities, Pune witnessed sharpest decline of 2.5 percentage points due to healthy leasing activity and no new mall supply. These are the findings of Cushman & Wakefield latest report.
Track2Realty Exclusive: It is strange paradox of economics that property prices keep on moving up despite the sluggish market economy and demand. Various research agencies in recent years have reported about the amount of unsold stock lying with the developers and how it has increased over the last quarter or year. This gives hope to the end users that prices might come down to reasonable level.
Track2Realty-Agencies: Noida’s upcoming mall in Sector 18, DLF’s Mall of India and four other realty projects being erected in Sector 75 have been asked to ‘stop construction’ till they get a clearance from the National Board for Wildlife, as per the reports.
Track2Realty Exclusive: The imprint in the minds of collective consciousness is about affordable market when it comes to Noida; the reality is increasingly getting different from perception. It is no more about affordable housing that defines Noida, nor is it about small industrial clusters; the multinationals and other big ticket corporate houses are increasingly rewriting the market dynamics of Noida.
Track2Realty Exclusive: It was only a few years back that when a couple of high-end luxury projects were launched in Pune analysts were busy with the cost-benefit analysis of the splurge in the market. The rising interest of NRIs, HNIs and even global realty baron soon made everyone realise that Pune has already made its presence on the luxury landscape of India.