Track2Realty Exclusive: Ramnath Naik had gone on a house hunting spree on Ahram Road of Ahmedabad last year. The price was in the range of Rs. 5000-5500 per sq feet and hence out of his budget at that point of time. Now that he has arranged his budget and again went back to check the property prices with the apprehension of again getting disappointed with the perceived hike in price since then, he was pleasantly surprised.
Track2Realty: Sentiment in the Indian occupier and investment real estate markets has been hit on account of deteriorating levels of growth in the economy, continuous fall in the rupee value, high retail inflation and subsequent rise in key policy rates, according to the RICS India Commercial Property Survey Q3 2013.
Track2Realty Exclusive: When Prahlad Patel went on a property hunt in the city of Vadodara, the broker had a curious look at his face. Under the impression that Patel is one among the many NRIs looking to invest in the city property with the fall in the Indian currency he thought it is his duty to narrate how the property market is just ripe to enter for sizeable return.
Track2Realty: India is among the top ten global markets to recorded the highest rental increase year on year as per the annual report ‘Main Streets across the World 2013’ by Cushman & Wakefield. Punjagutta in Hyderabad, recorded the 8th highest growth in retail rental values globally with an annual growth of 29% year–on- year.
Track2Realty-Agencies: Indiareit Fund Advisors has raised Rs.800 crore for its sixth domestic real estate fund, Domestic Scheme-V, higher than the basic fund size of Rs.750 crore.
Track2Realty Exclusive: Industry experts assert if the neighbourhood does not have the supportive social infrastructure, the demand will be less compared to the well-developed areas. The number of houses remaining vacant in a project in the core areas of the city is less compared to those outside the city.
Track2Realty Exclusive: There have even been signs that true partnerships on specific initiatives is a real possibility, with programmes such as energy management and waste management able to consider – often the first time – true risk and reward sharing in the way in which client and provider engage.
Track2Realty-Agencies: Decline in supply of additional office space is likely to put pressure on rental values in the coming quarters, even as the demand is expected to be moderate, industry experts say.
Track2Realty Exclusive: The steady growth of the Coimbatore property market even in the wake of the overall economic slowdown makes it a curious case for many analysts. It is convenient to say that the market of Coimbatore real estate is by and large end-user driven and hence a realistic market to sustain the effects of slowdown.
Track2Realty: The 3C Company has aligned with Four Seasons Hotels and Resorts, the world’s leading luxury hospitality company to present Northern India’s first Four Seasons Hotel and Private Residences. The strategic partnership between the two companies was sealed with an exclusive agreement for 25 years, thus ensuring that this would be the only Four Seasons Hotel and Private Residences in Delhi NCR for the agreed term.