After recording significant leasing in 4Q10, Mumbai city witnessed moderate transaction activity in 1Q11 as the major office occupiers of India Inc awaited the impact of budget on their corporate real estate strategy for the next fiscal year.
The period ending 1Q11 witnessed moderate activity in the office market in the city. With CBD vacancy rates continuing to hover at around 1%, office transactions were limited to either small office queries or larger office spaces that were inevitably a churn in the existing stock.
Jaypee Sports International Ltd (JSIL) that will host India’s first ever F1 Grand Prix on its track in October this year on Monday said it expects to garner about Rs.150 crore from ticket sales of the race.
Real estate developers in Chhattisgarh are among the first to have agreed to follow code of conduct to ensure transparency in the dealings of the sector.
The Orissa chapter of the Confederation of Real Estate Developers Association of India (CREDAI) aims to put an end to real estate cheating cases.
Hospitality firm Lemon Tree Hotels is foraying into real estate, with plans to invest over Rs.1,400 crore, to launch housing projects in India in partnership with US-based investment firm Warburg Pincus.
Budget housing is fast becoming big business with more and more real estate companies trying to please the masses with pocket-friendly offerings.
The annual CREDAI Realty Expo organized by CREDAI kicked off on Saturday with hundreds of prospective property buyers thronging the exhibition at Palace Grounds.
MARG Limited, the diversified infrastructure development company has unveiled “Mr. Joy”, the mascot symbolizing a new brand identity for its real estate arm – MARG ProperTies.
The bullion company, Goldsukh Trade India Limited has now entered into real-estate estate.