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March 28, 2012

Residential rentals moved up by 14% in Q1-12 over Q1-11 in the Mumbai region: 99acres.com study

All areas of Mumbai and Navi Mumbai witnessed an appreciation in rental values when we compare rentals of a 3BHK residential apartment in Q1-12( Jan- Feb- Mar 2011) over Q1-11(Jan-Feb-Mar 2010), says a study by realty portal 99 acres.com. Mumbai as such has always been in the forefront when it comes to rental values of properties. It has in the recent years witnessed a record rise in rental values which is at par with some of the highest real estate rental rates in the world.

Headlines

March 27, 2012

Realty in Bangalore to see 25 per cent growth

The real estate sector in Bangalore has grown to a large extent in the past one year. In the year ahead, the city’s realty is expected to grow by 25 per cent, estimates the Karnataka Chapter of the Consortium of Real Estate Developers’ Associations of India (CREDAI).

Company News

March 26, 2012

Innovative funding may work in Indian realty

Pranay Vakil: Kruti can you give some examples of innovative funding for the benefit of the panel? It is just to prove a point about how innovative that funding has been.

Company News

March 22, 2012

Assotech Realty to go pan-India with serviced apartments

Assotech Realty has said it will take pan-India stride by opening serviced residence in 25 major cities across India.

Headlines

March 21, 2012

Will auspicious Gudi Padwa remove Mumbai property jinx?

The over-heated Mumbai property market is taking its toll on the property transactions and sales in Mumbai property is the lowest of the six major cities across the country. According to reports, over the last one year leading to December 2011, residential sales in Mumbai have dropped by 28 per cent.

Company News

March 21, 2012

Kotak Realty to invest Rs 120 crore in Parsvnath Developers

Parsvnath Developers is raising Rs 120 crore from Kotak Realty Fund for a new 100-acre integrated township project on Sohna Road in Gurgaon. Kotak Realty fund will get a 20% stake in the special purpose vehicle that will develop the yet unnamed project, according to the sources close to the development.

Headlines

March 20, 2012

Chandigarh realty softening but periphery gaining

If only the secondary market was any indicator of real estate growth, the argument that that the real estate market is turning bearish in Chandigarh would have been true. But while the prices have softened a bit in the city, the beneficiary is the periphery of Chandigarh that makes the overall property market in the city very bullish and overall economy vibrant.

Headlines

March 18, 2012

Not just Gulf money driving Kochi realty market

A city with almost every household having one family member working in the Gulf, Kochi or Cochin’s resident population is waking up to new business avenues. This transition is also leading to a growing demand for commercial and residential property.

Analysis

March 16, 2012

Budget 2012-13: Realty reacts with some pain-some gain rhetoric

It is a highly disappointing budget. The Finance Minister has miserably failed in highlighting the importance the role of Housing in economy, employment generation, apart from the very need of housing. The announcements on ECB for affordable housing is a minor respite but still meaningless.

Headlines

March 16, 2012

Budget leaves realty with glass half full or half empty indecision

The Union Budget 2012-13 has left the Indian real estate sector grope with the indecision yet again and everyone is wondering whether the Finance Minister’s offer is glass half full or half empty for them.

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