Jones Lang LaSalle enters Sri Lanka market
Jones Lang LaSalle has announced plans to enter the real estate market in Sri Lanka.
Jones Lang LaSalle has announced plans to enter the real estate market in Sri Lanka.
Residential prices in Asia continue to increase, contrary to the pattern elsewhere, according to the Global House Price Index for the second quarter of 2011 by property consultant Knight Frank.
Godrej Properties, the realty development arm of the Godrej Group, has tied-up with Global Indian International School (GIIS) for setting up an education facility at its Ahmedabad 330-acre township project.
A report by real estate firm Knight Frank says worldwide mainstream house prices marginally avoided falling into negative territory with prices rising on average by 0.1% in the three months to June 2011 and by 1.7% over a 12-month period.
In Mumbai sales registrations for July 2011 are down 31% to 5,047 as against 6,500 in July 2010, pointing to the continuing downtrend, said real estate analysts for Prabhudas Lilladher.
The world’s largest casino entertainment company, Caesars Entertainment Corporation is in talks with leading Indian developers and hospitality players to expand its presence in the country.
Asia is home to some of the world’s most expensive real estate and the Asian city, Hong Kong holds the leadership on this index since 2005.
Ascott, one of the world’s largest serviced residence owner-operator, is expanding its footprint in India in cities like Mumbai, Delhi and Pune, adding to its $250 million investment in seven upcoming properties.
Gujarat will soon have its own Disneyland-style park that could be bigger than the Disneylands in California, Paris or Tokyo.
Ongoing corporate hiring and expanding accommodation requirements underpinned the Asia Pacific office leasing market in 2Q11, according to new research from Jones Lang LaSalle in their recent Asia Pacific Office Index.