The capital and rental values for office space in New Delhi has witnessed an increase in the range of 1-4 per cent during last six months, according to a realty consulting firm.
The vacancy levels in malls have come down to 14.51 per cent in July-September quarter mainly due to decline in supply of new mall space.
Despite stable rental values, Ahmedabad registered the highest mall vacancy of 28.70 per cent for the third quarter of calendar year 2013 among the top eight cities.
June quarter showed revival over previous one, says study; Mumbai-Pune and Bangalore lead the way
Bengaluru ranks second after Beijing on the list of top technology hubs in the Asia Pacific region, according to property consultant Cushman & Wakefield. In its latest report 'Tech Cities: The Global Intersection of Talent and Real Estate', the consultant has identified tech markets based on 14 criteria across talent, real estate, and business environment metrics. The report has identified "Bengaluru, Chennai, Hyderabad, and Delhi as the top technology hubs in the APAC region after Beijing", the consultant said in a statement.
The maximum inventories are in 1 and 2 BHK configurations totaling 587,500 units.
It recorded the third highest growth in investments
The new launches were concentrated in the suburban locations of Gurgaon (66 per cent) and Noida (34 per cent) with over 80 per cent of units catering to the mid-range segment.
India has overtaken the United States (US) to become the second-most sought-after manufacturing destination globally, driven mainly by cost competitiveness, according to real estate consultant Cushman & Wakefield. China remains at number one position, the consultant said in its 2021 Global Manufacturing Risk Index, which assessed the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia-Pacific (APAC). "India takes the second spot after China as the most sought-after manufacturing destination globally," Cushman and Wakefield said in a statement. The US is at third position, followed by Canada, Czech Republic, Indonesia, Lithuania, Thailand, Malaysia and Poland. In last year's report, the US was at second position while India ranked third.
Call it an expectation of revival in the real estate market or improving liquidity, bulge bracket property deals have made a comeback in the country's commercial capital.
It seems property in Pune have a better rate of capital value appreciation than other metro cities.
Ecorithm's powerful suite of technologies can be applied to build systems and various other enterprise solutions to improve operations.
The average home prices in Mumbai have touched Rs 12,000 per sq ft
'Factors such as working professionals seeking better lifestyles, traditional housing challenges, community and networking, and urban migration for jobs are driving the growth in the co-living segment.'
Bengaluru saw a 23% decline in home sales and a 3% fall in prices.
Nearly 52,000 new hotel rooms are expected to be added in India over the next five years on rising demand from travellers as global economic conditions improve.
The net absorption of office space fell by 25 per cent at 23 million sq ft during this calendar year in the country's top eight cities as corporates were cautious about expansion considering weak economic conditions.
Launch of new homes dropped by 12 per cent to over 172,000 units so far during this calendar year in the eight major cities.
The Centre is considering relaxing some norms that led to the failure in attracting bids for assets of Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL) as they look to restart the auction for their non-core assets. The Department of Investment and Public Asset Management (DIPAM) had listed six properties of BSNL and MTNL for sale through its new e-bidding portal, developed by state-run MSTC, but the auction failed to garner an adequate interest. DIPAM had asked government-appointed property consultants to identify issues in the bidding criteria for resolution.
Mid-segment residential units continued to remain favourite amongst developers with a two-third share in total launches.
The outperformance of Hyderabad market was essentially due to the substantial increase in pre-committed absorption during this period, while the average deal size here till date increased 28 per cent at 18,400 sft, Cushman mentioned in the report.
The first ever auction of non-core assets through the Department of Investment and Public Asset Management's (DIPAM) asset monetisation portal has failed to garner adequate response for land assets of Bharat Sanchar Nigam Ltd (BSNL) that was expected to garner at least Rs 470 crore. The DIPAM has asked its property consultants to identify issues in the bidding criteria that can be resolved. In November 2021, the DIPAM had listed six properties of BSNL and MTNL for sale through its new e-bidding portal for asset monetisation portal developed by state-run MSTC.
End users should take the plunge despite higher home loan rates as these tend to be cyclical.
Office space leasing in the Delhi-NCR region jumped more than three-fold to nearly 1.5 million sq ft during the January-March period, mainly due to higher absorption by IT firms in Gurgaon.
Dilipkumar Lakhi, a prominent diamond merchant and Mumbai's highest individual tax payer till a couple of years ago, has beaten some of the city's top developers to emerge the highest bidder for the iconic Cadbury House.
A 5% increase is expected due to additional interest on approval costs.
The company is close to buying 1-million square foot office space for Rs 700 crore in Bengaluru.
On Wednesday, rupee depreciated to an all time low of 60.72 against dollar.
Investment in real estate sector in India stood at $3.4 billion during 2012.
Developers and consultants said even buyers have not been showing much enthusiasm in booking properties, due to high prices and the overall lacklustre economic environment.
After exporters, real estate companies are demanding a priority sector tag for loans to the low-cost housing sector.
Though the airline has kept a reserve price of Rs 315 crore for these properties, it hopes to make around Rs 500 crore from the sale.
he hike in service tax rate from 12.5 per cent to 14 per cent will increase the costs of buying
Increase in service tax would make properties costlier to buyers.
The Kanakia group, from which Mapletree did the purchase, had bought the plot from India Tube Mills and Metal Industries for Rs 363 crore in 2018.
Although markets such as Mumbai and some places in the national capital region have continued to see a slowdown in the property markets over the last three years, developers were pinning their hope on the festive season.
Welcome to the era of too many investors chasing a limited number of commercial real estate deals.
Hailing clear majority for Narendra Modi-led BJP in the polls, real estate experts on Friday said a stable government at the Centre will help revive the property market.
Consultants say at Rs 1,442 a sq ft, the developer has got a good bargain.
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