Analysts have turned bullish after success of some big launches and revival of home sales. There is optimism on rate cuts by RBI and hope for lower inflation; which may renew buyers' interest in real estate in coming months.
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The year so far has witnessed several luxury project launches by major real estate companies such as DLF, Unitech, Supertech, Tata Housing and Godrej Properties.
The Gurgaon-based carrier, which started its regional operations from Hyderabad last month, plans to have the hubs in Chennai, Ahmedabad, Bangalore, Kolkata and Delhi.
In a trend that has taken off in a significant way, more and more developers are launching independent floors with lawns and basement/roof terraces in gated communities, to attract buyers, who otherwise opt for builder floors prevalent in the unorganised real estate sector.
Consumer electronics major Panasonic on Monday announced the setting up of an internal division, Panasonic Automotive Systems India, to focus on the Indian automotive sector.
Microsoft founder Bill Gates- promoted luxury hotel group Four Seasons on Monday said it will have four new properties in India within the next five years
At present, Landmark operates 13 Lifestyle stores, 5 Home Centre stores and a Babyshop store in Ahmedabad, Bangalore, Chennai, New Delhi, Gurgaon, Hyderabad, Mumbai, Vashi and Pune. Since 1998, the company has invested $100 million in its Indian operations.
The second quarter saw demand being increasingly channelled towards micro-markets, with strong corporate activity or infrastructural initiatives in these four cities. The quarter saw developers being less aggressive on fresh project launches, with more focus instead on individual projects and increased amenities to generate buyer interest.
Home decor and textile brand Maspar Home Fashion plans to target service apartment developers in major information technology hubs like Pune, Bangalore and Gurgaon. The company hence has entered cities like Pune, Gurgaon, Noida and Bangalore in its initial phase of expansion.
This is the third city, after Bangalore and Hyderabad, where residential projects with reduced price tags have been announced in the last few weeks. Gurgaon, Panchkula and Kochi may also see similar project launches from DLF in the coming days, an executive of the company said. The decision is in line with the company's recent announcement, which said it was strengthening its focus on the 'affordable housing' segment in select cities.
The Indian real estate consumer is still in the wait and watch mode.
The company also said that housing loan interest rates would fall in the days ahead.
After nearly a year's investigation of four major defence deals, the CBI on Tuesday conducted searches at nearly four dozen places in five states against arms dealers involved in the purchases made during George Fernandes' tenure.
The Vatika group's subsidiary, Vatika Hospitality Pvt Ltd, will announce two new Westin hotels in the country -- The Westin Sohna Resort and The Westin Bangalore.
The Institute of Chartered Accountants of India invites applications for Management Accountancy Course (MAC Part-I) and Insurance and Risk Management (IRM) Examinations.
Galbraith, Rosenthal and Moynihan saw India holistically for all its capabilities and its challenges.
Customer relationship management services provider InfoVision Group said on Monday it will increase its headcount to 6,000 from the current 4,800 by the end of this fiscal as part of its expansion plans.
By putting $10 billion into the country's infrastructure, Cayman Islands-based real estate investor Trikona Capital plans to do well by doing good.
An aspiring medical student, a belly dancer and a social worker are among the 21 young girls vying for the fbb Femina Miss India 2015 crown.
Creating new benchmarks in safety, Maruti Udyog Limited on Monday announced it would set up 15 world class driving schools in India in the next three months.
IBM is recruiting Senior Architect, Designers and Developers.
The suburban location of Mumbai's Goregaon registered the biggest decline in average weighted basic sale price at 20 per cent.
Teamlease Services is recruiting for leading international BPOs for Bangalore, Pune, Mumbai, Hyderabad, Delhi, Gurgaon, Noida and Jaipur.
Next week, Coffee World, a gourmet coffee chain launched by Global Franchise Architects (the promoter of Pizza Corner India) in Thailand, will open its first outlet in Bangalore.
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