70 Indian realtors to participate in Times Realty India 2012
Track2Realty-Agencies: More than 70 builders across India will showcase their properties at Times Realty India-2012 event to be held on Septmber 28-29 at J W Marriott Hotel, Deira.
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Report says 50,000 hotel rooms expected in top six metro cities in next five years
Track2Realty: The top six cities of India are expected to see a total of 50,000 new hotel rooms across categories in the next 5- 6 years. This is in response to the steady growth the hospitality sector has recorded over the last few years. 2012 alone is expected to see 14,800 fresh keys by the end of the year. Out of the total expected supply for 2012, 2000 new hotel rooms have already entered the market. These are the findings of a report by Cushman & Wakefield (C&W)and Confederation of Indian Industries (CII).
Can the service sector revive the Indian office property market?
Track2Realty-JLLI: Recently, the annual GDP number (6.5% GDP growth during FY April 2011-March 2012) released by the Reserve Bank of India resulted in a negative sentiment throughout the real estate industry. Consistent with this, in 1H12, the demand for commercial real estate moderated on the back of office occupiers that remained cautious about their expansion plans.
Kalyan Jewellers forays into realty
Leading jewellery brand Kalyan Jewellers is planning to make a foray into the real estate market of Ahmedabad. The Rs 9400-crore company, which has 37 branches in six states of India, opened its 38th showroom in Ahmedabad on Sunday, Sep 16.
Indian realty destination next for skyscrapers-V
The Environment Ministry has now set new norms for buildings higher than four floors. However, experts question the compliance aspect. Sachin Sandhir, Managing Director (South Asia) of RICS is apprehensive with the enforcement of stricter norms for structural safety.
Suchirindia Infratech gifts plots of land to Dhoni & Co
Suchirindia Infratech on Saturday presented land titles to some of the players of the first-ever T20 cricket World Cup winning team at a function in Visakhapatnam on Saturday, Sep 8.
PE investments in realty sector become selective: C&W
Realty sector in India has witnessed more than $2-billion private equity investments in the last 12 months, with investors treading cautiously, according to real estate consultancy Cushman & Wakefield.
LIC HF plans to increase loan disbursal to developers
LIC Housing Finance, a subsidiary of Life Insurance Corporation of India (LIC) plans to disburse around 8-10 percent of its total loan portfolio to developers by the end of this fiscal, a top company official said.
US Government hires consultant to sell its real estate properties in India
The US Government has hired property consultancy Knight Frank to assess the valuation and strategic review of all its real estate properties in India. The properties, which house embassies, consulates, offices, residences, schools and libraries at prime locations across Delhi, Mumbai, Hyderabad, Chennai and Kolkata, were acquired over the years and are estimated to be approximately worth thousands of crores.
New housing project launches decline by 44% in 2Q 2012: Cushman & Wakefield
An estimated 17500 residential units were launched by organised developers in the second quarter of 2012 in major cities across the country, registering a decline of nearly 44% over the previous quarter, says a report by global real estate consultancy, Cushman & Wakefield (C&W). This decline in launches can be attributed to a number of factors such as delay in approvals, significant inventory in certain locations as well as postponement of project to coincide new launches with the festival season.