High potential meets uncertainty in Gurgaon’s emerging residential areas
Rohan Sharma, Manager – Research & Real Estate Intelligence Service,…
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Commercial realty turns back to sale model from lease model-III
Phoenix has recently also sold 80 per cent of office properties in its mixed-use Market City projects in Kurla in Mumbai and Pune, respectively. It plans to launch another 300,000 sq ft of office properties in Mumbai in the next six-nine months.
Godrej Properties announces a new project in Mangalore
The Mumbai-based Godrej Properties has announced the launch of Godrej Alpine, a residential project offering world class facilities and contemporary design.
Indian real estate’s expectations from Union Budget 2012-13
The implementation of the revised DTC will have strong implications on SEZs. The industry requires clarity on the issues that may emerge, and how businesses would be promoted in Special Economic Zones.
Assotech to raise Rs 75 cr; sells 49% stake in Gurgaon project
Cash starved Assotech said on Monday, Feb 6, it will raise Rs 75 crore from private equity firm Sun-Apollo India Real Estate Fund by selling 49 per
Commercial realty turns back to sale model from lease model-II
In the country’s commercial capital, Mumbai, over a dozen large developers and double their number of smaller ones are selling office properties as well, according to Ashok Kumar, Principal and Managing Director of Cresa Partners, a corporate realty services firm.
Malls, malls everywhere and nowhere to go
The last few months have seen a lot of mid-sized office and mixed-use buildings in Mumbai going under the hammer. Not very surprising, considering the wave of real estate redevelopment that has swept the city. What is so unusual about these buildings is the fact that they are going to be redeveloped into stand-alone retail formats.
Gujarat CREDAI takes land use optimisation lessons from Israel
The Confederation of Real Estate Developers’ Associations of India (CREDAI), Gujarat organised a seven-day technical tour for its members in mid-January. The 60-member delegation, that included developers from Ahmedabad, Mehsana, Rajkot, Surat, Palanpur, Navsari, Unjha, Bharuch and other centres, visited Israel, Jordan and Oman.
RBI asks banks not to overstate value of realty
The Reserve Bank of India (RBI) on Friday came hard on banks for overstating realisable value of real estate properties they finance by including charges such as stamp duty and other levies.
2012: Year of cautious optimism for real estate-V
High property prices coupled with continued increase in home loan interest rates over the last six months and inflationary pressures will keep transaction activities restrained.