Global housing market downturn gathering pace
The world’s housing downturn is gathering momentum, according to the latest world-wide survey of house price indices prepared by the Global Property Guide.
The world’s housing downturn is gathering momentum, according to the latest world-wide survey of house price indices prepared by the Global Property Guide.
SARE Homes (South Asian Real Estate) is launching “Green ParC – II”, the fourth phase of its 65-acre integrated township called “Crescent ParC” in sector 92, Gurgaon. This township is strategically located on the Gurgaon growth corridor, on the arterial 60-meter wide road, approximately 40 minutes from the IGI Airport and in close proximity to the Dwarka & KMP expressways, and the industrial hub of IMT, Manesar.
Mumbai’s residential home sales dropped to a three-year low in the quarter ended December as record home prices and higher interest rates crimped demand, according to Liases Foras Real Estate Rating & Research Pvt.
Shobhit Agarwal, Jt. Managing Director – Capital Markets, Jones Lang LaSalle India, believes market may be sluggish at the moment, but eventually India stands as a destination for investment.
Rising cost and falling transactions are taking their toll on the property market in both the Delhi-NCR and Mumbai.
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.
BPTP is buying back Merrill Lynch’s 49% stake in its Crest office building in Gurgaon for Rs.180 crore. The developer has its corporate office in the same building.
The year 2011 can best be described as a lackluster year for Indian real estate sector. There were several headwinds that prevented the sector from delivering to its full potential.
Gemideals.com, the real estate group deals in Mumbai has announced its strategic partnership with REMMA Service, part of REMMA Group, consisting of an online information services company, and provider of full service infrastructure and advisory services.
The festive season looks a bit subdued for property buyers this year. The price corrections that were anticipated in the primary cities have not materialized, at least not in the hoped-for magnitude.