Leasing and buying activity in the commercial real estate market in India remained sluggish for the first quarter ended March 31 of calendar year (CY) 2012. The total absorption of office space declined 12% in Q1 compared to the Q4 of CY 2011.
During the economic downturn of 2008, while the other neighbouring and glamorous property market of Bangalore and Hyderabad fell by 24-29 per cent, the Chennai market fell only 8.3 per cent. Limited supply of land and pent-up demand is how NHB’s Residex defines Chennai property market.
During the year 2011 when almost all other matured property market witnessed dip in transaction and price correction was on everyone’s lip, Bangalore registered both healthy transaction as well as upward price movement.
The Information Technology sector has a special significance for India, because India’s competence in this sector has made it a net exporter of IT services. It was the fastest growing sector of the nineties and continues to fast-track careers, spending power, local economies and real estate growth even today.
Vibrant cities for vibrant economy-II By: Track2Media Intellisearch Delhi-NCR has…
Once hailed as the new experience in the destination shopping of super luxury, Parsvnath Developers is reportedly selling its 1.2-acre plot in the heart of Delhi, near Connaught Place, hoping to raise Rs.700-800 crore for paring its debt.
Jones Lang LaSalle has launched a separate office in Andheri, Mumbai’s burgeoning commercial district.
I cannot help but feel puzzlement at Air India’s sudden decision not to rent out space in what is one of the most valuable real estate assets in the financial capital of Mumbai.
Century Real Estate has launched first luxury villa township Century Istana in Bangalore.
Asia Pacific’s luxury hotel group, Shangri-La Hotels and resorts, is all set to launch its second property in India after Shangri-La Eros in New Delhi.