Alok Ind Mumbai land sale stuck in valuation matching
Textiles’ major Alok Industries is looking for a Rs.900-1,000 crore deal; discussions with global realty funds, however, is stuck as slowdown upsets valuation matching.
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Indian commercial property market loses momentum in Q3: RICS
Indian commercial property market has lost momentum in Q3 with the capital values turning negative for the first time since 2009.
JP Infra zoomed on F1 spirit
While other leading players in the realty and construction are reeling under investors’ loss of confidence, JP Infra’s stock has zoomed by over 40 per cent from Rs.44.50 exactly a month ago to Rs.63.05 on the BSE, outpacing peers.
RBI rate hikes further dampens Diwali sentiments of realty sector
In a further blow to the dampened Diwali spirit of the realty sector, the RBI raised interest rates on today but said it was likely to hold off on further increases as it expects high inflation to ease beginning in December.
Office space sales dip in Q3
With slowdown signs looming large over the Indian economy, the effect on the job market and its subsequent effect on office space is getting visible now.
Mumbai office oversupply expected to correct prices
An oversupply of commercial office space in Mumbai and other metros could lead to a huge price correction in the country’s realty market.
Real estate FDI worries looming large
The level of FDI in the real estate sector is unlikely to show a quantum jump this year, courtesy a slow GDP growth rate, high debt levels of the real estate developers, labour shortage and economic crisis in the US and Europe.
NCR, 6 cities to see shortage of 1.3m houses in 5 yrs: C&W
Housing supply is estimated to fall short of demand by 1.3 million units in seven major cities of the country during the next five years, according to a report.
Chennai office space demand may dip
The demand for office space in Chennai is expected to dip, with an expected slowdown in North American and European countries affecting the information technology sector.
Regus to invests into flexible workspace in India
Regus, provider of flexible workplaces, is set to make major investments to capitalise on the accelerating global trend toward flexible working.