Bangalore likely to remain India’s top corporate real estate market
Bottom Line: As India’s technology sector expands its horizons, Bangalore…
Bottom Line: As India’s technology sector expands its horizons, Bangalore…
Bottom Line: The project is a neighbourhood in Prime Central…
Residential property sales in Mumbai saw a rise during the…
Within the built environment of Mumbai real estate there is…
In Mumbai premium paid by developers is higher than construction…
The new launches have drastically slowed down in Mumbai due…
Anshuman Magazine, CMD of CBRE South Asia writes how tax…
With the prices virtually stagnant and the industry being plagued with an ever increasing inventory for sale the market is in a mode of a gradual downward drift. However, even though the city property market has been witness to stagnation, there is still hope in the last quarter of the fiscal year due to underlying factor that while the property prices in the city have increased only nominally, affordability has risen with rising salaries, lower interest rate and lower inflation.
To say that the year 2015 has not been very excisiting for the real estate market across the Mumbai Metropolitan Region (MMR) would be stating the obvious. The slowdown in the macro-economy, wait & watch by the homebuyers in the property market, relatively higher cost of borrowing till late and fate of reforms oriented policies hanging in uncertainty all collectively dampenend the property market in India’s financial capital. Will the year 2016 be any different?
At about US$151 per sq. ft. per annum, Delhi’s Central Business District (CBD) of Connaught Place was ranked as the sixth most expensive prime office market in the world, according to CBRE Research’s semi-annual Global Prime Office Occupancy Costs survey.