Track2Realty Exclusive: Rohtas Goel, CMD of Omaxe agrees that the repositioning is more realistic now, mainly due to the fact that the real estate in the region is more buyer-driven now. The change in market dynamics has similarly altered the demand scenario and developers have begun to take cognizance of the same.
Track2Realty Exclusive: Compared to other countries in Asia, India still lags behind on the transparency parameter. But we are increasingly scaling up with the data availability for the retail and residential sectors improving across all tiers led by the fast-paced development of the residential sector and modern retail formats.
Track2Realty: Heralding the entry of super specialty Nova Hospital into Pune, Kumar Urban development Limited (KUL) has signed an agreement with the former for a Build-to-Suit (BTS) project.
Track2Realty: Rajasthan Royals has extended
Track2Realty Exclusive: The perception of a sluggish market in Delhi-NCR is actually borne out of mistaken understanding of the developers’ marketing push.
Track2Realty Exclusive: “Revival is too strong a statement in today’s market,” says Anshuman Magazine, CMD of CBRE South Asia, adding that any upward movement is a healthy sign when it was expected to be stagnant not very long ago. The assessment of Magazine may be a generic overview of the realty market across the country, but when it comes to the Delhi-NCR real estate, it sounds like at prophetic statement.
Track2Realty Exclusive: Analysis of West Zone (Mumbai)
The retail landscape across the western zone of the country has remained active through 2012. The sector performance was characterized by buoyant leasing activity from both Indian and international brands. As a result, in addition to expansion of Indian brands, many international retailers also set up their new outlets in the city. Moreover, the recent policy reforms, allowing FDI in multi-brand retail has improved overall sentiments in the sector.
Track2Realty Exclusive: Knight Frank report says with demand likely to remain subdued as the market continues to bottom out in the backdrop of a sluggish economy, a more pronounced rationalisation of prices is warranted in 2013.
Track2Realty Exclusive: The image of the tall crane or earth moving equipment standing amid construction rubble is a ubiquitous one across our cities. In projects involving malls, housing complexes and tech parks, the visual signals are strong and clear: real estate is booming in India.
Track2Realty Exclusive: Analysis of North zone (Delhi NCR)
Owing to sluggish global and domestic economic growth, high inflation and steep depreciation in rupee value, market sentiment remained subdued during the first three quarters of 2012. International brands are still positive about the Indian growth story.