Revenues and profits dropped by 19% and 70% since FY08: Knight Frank
The impact of slowdown is already being felt on the real estate market with residential segment witnessing sluggish demand across all the major cities.
The impact of slowdown is already being felt on the real estate market with residential segment witnessing sluggish demand across all the major cities.
Mumbai continues to be the costliest property market in India but the sales graph show this price rise has started taking its toll on the sales figure.
The repo rate hike by the Reserve Bank of India (RBI) by 25 bps seems to have spoiled the festive spirit of the real estate sector.
Despite the strong probability of correction of residential property prices…
Pantaloon Retail India Ltd (PRIL) has earmarked a Rs.900 crore expenditure over the next three years on nine million square feet of retail space.
The Mumbai commercial property market has displayed resilience in the recent past.
Real estate stock of office premises in Mumbai has been going through a slump for the last 14 financial quarters.
Buying an office or retail space is a huge investment, which is why commercial real estate has been traditionally seen as an asset class that only institutional investors or heavyweight HNIs could invest in.
The Indian rental housing sector is seriously under-serviced by the organized real estate industry.
It has always been axiomatic that when financial institutions raise their lending rates, there are bound to be ripples on the highly cost-sensitive Indian real estate market.