Jones Lang LaSalle India, the country’s largest and leading international property consultancy, has been honoured with the prestigious India M&A Deal Of The Year award in the Middle Markets category.
DLF Brands, a subsidiary of realty major DLF, has struck an agreement with Claire’s Stores Inc, one of the world’s leading fashion jewelry and accessories retailers, to bring the brand to India.
Property rates in the capital are set to zoom further as Delhi Government on Monday, October 31, hiked the circle rates by up to 250 per cent to check black money in sale and purchase transactions.
Mumbai’s residential home sales recovered from a 30-month low in the third quarter as new projects boosted supply, according to Liases Foras Real Estate Rating & Research Pvt.
While the real estate market looks subdued with the sector weathering a host of issues, this is not a good news either. DLF’s Chairman K P Singh is out of the top ten list of Forbes.
While other leading players in the realty and construction are reeling under investors’ loss of confidence, JP Infra’s stock has zoomed by over 40 per cent from Rs.44.50 exactly a month ago to Rs.63.05 on the BSE, outpacing peers.
The festival of Diwali has a direct bearing on the property market, and irrespective of the overall macro economic scenario the property transactions around this time of the year have been the maximum.
The latest interest rate hike by the Reserve Bank of India (RBI) is bound to push up the price of housing loans as well as the residential apartments.
Amidst apprehension of rate hike in Noida Extension after the Allahabad High Court ordered more compensation to the farmers, CREDAI said the builders in Noida Extension have decided not to pass on the extra cost to the existing buyers.
Ratings agency CRISIL has urged Housing Boards and State Governments to generate more awareness on the significance of ratings in developing a real estate project, to help create a level playing field.