Cognizant to invest $500 mn in real estate in next four years
IT major Cognizant today announced its intention to pump in more than $500 million in the next four years in real estate development as part of its expansion program.
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Home buyers reject correction theory in 2011
Don’t wait for the right time to buy a house expecting a price correction, say seven out of ten home buyers who are on house hunting. Contrary to the price correction reports, the property search of prospective buyers and sellers across the country have convinced them that cheaper house in 2011 are a fancy and wishful thinking. At least those who have done their home work on property search are pretty sure about it.
Tracking Pune’s real estate growth wave
Pune is virtually unrecognizable from the sleepy, laid-back city it was a few decades ago. There were no signs of any significant real estate action in the erstwhile Punyanagari before that. Today, however, Pune numbers in the Top Seven property hotspots within the country.
8 out of 10 home buyers in India sulking
8 out of every ten home buyers in the Indian cities are sulking with the unfair trade practices of the real estate developers. Only 20 per cent of the buyers said they received a defect-free home and timely possession. The low customer satisfaction index was as much evident with developers offering affordable housing as with luxury housing.
Working Indians prefer realty: ASSOCHAM
While there seems to be a crisis of credibility in the real estate sector on part of the investors, a survey by the Associated Chambers of Commerce and Industry of India (Assocham) says otherwise. It says the traditional investment options like gold, government bonds and bank fixed deposits are considered old school.
Tier-II and tier-III cities hold the key to mall success
In India the early 1990s experienced the shopping malls expanding their footprint with well designed, built on international formats of retailing and integrated with entertainment and restaurants to provide a complete family experience. Shopping centers till then were designed and built to house several shops in a single facility.
Verify the papers
There have been many cases where the project gets a kick start and invites bookings only on the paper. The property dealer with their minor gains/commission advices the gullible buyers to put their money in the projects. The prospective buyer must take the help of a local advocate and request him to prepare a search report.
India retail – opportunities in a revolution
Indian retail today stands at an inflexion point where the sector is poised to take a giant leap. Jones Lang LaSalle’s latest research offering ‘India Retail – Opportunities in a Revolution’ explores the potential in the Indian retail real estate in the coming years.