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.
Track2Realty-Agencies: Ansal Properties & Infrastructure (Ansal API) has achieved a sales bookings of Rs 2,361 crorein the first 11 months of this fiscal, slightly down from the year-ago period.
Track2Realty Exclusive: The costliest property market of the country, Mumbai has for long defied all the conventional wisdom of economics of demand and supply. It has been a market where a substantial dip in demand had no co-relation with the skyrocketing of prices.
Track2Realty Exclusive: With the economy booming in India, the developers are to play an important part as the builders of the nation and are definite to become the most important stakeholders in urban development of the country.
Track2Realty Exclusive: Analysis of East Zone
The transaction activity registered in Kolkata in 2012 was down by 42% during Q1-Q3 2012 compared to the year ago period. The subdued demand is the result of the uncertainty prevailing in both the global as well as domestic markets. Most of the corporates have trimmed their expansion plans and instead looking at consolidation to optimize their real estate usage and bring down the costs.
Track2Realty: Tata Housing has launched the second phase of its luxury residential development – Amantra. Amantra – Phase II comprises of 565, two and three BHK units, starting at Rs. 5800/- per square feet.