Pune residential property market – mid-2011 update
Much like in Bangalore, the primary catalyst for Pune’s residential real estate market are the Information Technology and Information Technology-Enabled Services sectors.
Much like in Bangalore, the primary catalyst for Pune’s residential real estate market are the Information Technology and Information Technology-Enabled Services sectors.
Tata Realty and M3M Developers are believed to be in the race to buy DLF’s Gurgaon plot for around Rs.400 crore.
Both absorption and leasing activity remained robust in Pune in 1H11. Net overall absorption was 2.3 million sq ft (213,591 sqm), with 1.5 million sq ft leased during 2Q11.
Marriott has opened a 179-key property Courtyard in Pune to cater to the business travelers which is developed by Mumbai-based The Advantage Raheja Group.
The RBI move to raise the repo rate by 50…
Several realty firms, including Parsvnath, Juventus Builders and Developers, Alok Infrastructure, Oval Developers, Airmid Developers and NG Realty have sought the Government’s nod to shelve their SEZ projects amid continued tax uncertainties.
The 3rd NAR–India Convention 2011 is being hosted by Andhra Pradesh Realtors Association (APRA) in Hyderabad.
Angel investors, Indian Angel Network has invested $1 million in the Mumbai-based real estate portal GrOffr.com for a minority stake.
Cinemax, India’s largest multiplex chain launched its flagship property in Pune, the second largest city in Maharashtra.
DLF, India’s largest real estate company, will sell its shareholding in two IT SEZs in Pune and Noida, for a combined value of Rs.1,300 crore.