An open letter to Mumbai’s commercial space developers
We are looking at a potential situation in Mumbai’s office…
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JLLM bags International Property Consultant Award at Asia Retail Congress
For the third consecutive year, Jones Lang LaSalle was awarded the ‘International Property Consultant Of The Year’ Award at the Asia Retail Congress for Excellence in Retail, held on 8–9 February 2011 at Hotel Taj Land’s End in Mumbai. Jones Lang LaSalle India won the award by a landslide, beating all other competing international property consultants.
Strong case for continuation of stimulus package – ASSOCHAM Survey
A random Survey of the Associated Chambers of Commerce and Industry of India said that in the view of continuous elevated inflation and increase of price of commodity across globe, has made out a strong case for continuation of stimulus package so that the growth momentum is not spiked.
Cognizant to invest $500 mn in real estate in next four years
IT major Cognizant today announced its intention to pump in more than $500 million in the next four years in real estate development as part of its expansion program.
Chennai real estate market outlook 2011
The outlook for Chennai’s residential property market remains positive in 2011. This is a stable market, and the prices have risen rationally in tandem with normal market trends. With the IT sector on the upswing and job security once again strong, Chennai’s residential real estate market will see accelerated demand in 2011.
Trump’s 60 storey condo in south Mumbai
US billionaire real estate developer Donald Trump is finally making a serious move to transform the skyline of India’s financial capital, Mumbai. Trump is now planning to develop a super luxury 60-storey tall “condo” in south Mumbai. The Trump Tower is expected to be launched next month and is believed to have 45 flats across 60 floors, most of which will have one flat for every floor.
Dun and Bradstreet launches ‘Millionaire Homes 2011′
Dun and Bradstreet (D&B) India has announced the launch of ‘Millionaire Homes 2011’, after the successful series of Millionaire Homes 2009 and 2010 held in Mumbai, Delhi, Bangalore, Chennai and Hyderabad. The event is designed as a platform for connoisseurs of lifestyle and fine living, to experience some of the finest concepts in luxury homes in India.
Track2Realty Impact – Vigil on Mauritius funds
The RBI and market regulator SEBI have enhanced their vigil on funds coming from Mauritius, suspecting round-tripping or routing of illicit money back through the island nation.
Realtors demand support for first time home buyers in budget
Real estate developers have called for focussed support in the Budget for the first-time home buyer and measures to augment supply of housing for affordable and low income groups. Industry representatives have also called for a simplification of systems and tax reliefs as a step to bringing down costs and catalyse developments.
RICS calls for fair practices in real estate
The RICS, an international, self regulatory professional body relating to real estate, has called for a mechanism for consumer protection and fair practices in real estate transactions. This will also help increase domestic and foreign investments in this sector.