The Indian real estate sector has grown rapidly over the last few years, with its stakeholder profile evolving from locally-focused, privately-owned enterprises to increasingly corporatized, professional organizations funded with public capital and having multiple market and product strategies.
According to the 2011 census, the Mumbai Metropolitan Region has over 23.5 million people. To house this population on the ground floor, assuming a household size of 4 and dwelling units of 900 sq ft per family which are laid wall to wall, we would need 121,384 acres of contiguous land.
Real estate consultants Jones Lang LaSalle in conjunction with law firm Blake Dawson, have launched The Asia Pacific Property Investment Guide 2012, a comprehensive guide to how real estate markets operate across Asia Pacific.
The Confederation of Real Estate Developers’ Association of India (CREDAI) has welcomed the decision of the Government to approve the Development Plan (DP) for 23 villages of Pune saying it would provide a fillip to growth.
Amidst the turbulence of many of the world’s largest economies, particularly in western markets such as the US and European economies, the broader macro economic outlook in Asia is encouraging.
India has the second largest population in the world and is expected to overtake China by 2025. Fulfilling the housing needs of the Indian population which is growing at 1.41% annually is a tremendous challenge for the government today.
Residents of Pune looking for affordable housing schemes are pretty disappointed with the 2-day property exhibition, Profest 2012, of Confederation of Real Estate Developers’ Association of India (CREDAI) Pune.
One of the main features of the real estate ecosystem is transparency. However, on the contrary, the market is considered as an information-inefficient market, where seller tends to provide less information to the buyer.
We are into 2012 – the New Year with its fresh hopes and aspirations as also a fresh optimism for the economy.
The Maharashtra Chamber of Housing Industry (MCHI) has cried foul over the State government’s decision to hike its Ready Reckoner rates that guide the stamp duty and other levies.