In the country’s commercial capital, Mumbai, over a dozen large developers and double their number of smaller ones are selling office properties as well, according to Ashok Kumar, Principal and Managing Director of Cresa Partners, a corporate realty services firm.
First generation of commercial realty saw sales model and then the Indian developers learnt the global pattern of lease model.
More than 500 real-estate projects worth over Rs.3,000 crore will be on display at a property show organised by Gujarat Institute of Housing and Estate Developers (GIHED).
Armed with a self regulatory code of conduct for developers, the Maharashtra Chamber of Housing Industry (MCHI) will showcase over 15,000 properties in its exhibition from October 6 to 9, 2011.
The Indian real estate market has matured to the extent that it is seen as the best investment instrument, leaving behind gold and other traditional investment options.
The Mumbai commercial property market has displayed resilience in the recent past.
Godrej Properties could look at dilution of promoters’ holding in the company in the next six months.
Bahrain-based Star International Real Estate has signed an agreement to be the exclusive agent for two property developments in Goa.
The Reserve Bank of India (RBI) has asked banks to go slow on lending to the commercial real estate projects. The central bank fears an asset price bubble.
Godrej Properties Ltd has been voted as amongst the ‘Most Trusted Names’ in the Real Estate Industry.