Reflecting improved investor confidence, investment in commercial real estate globally is expected to witness a "healthy" growth of 40-50 per cent to $300 billion in the current year, says a report.
Anuj Puri, chairman and country head, Jones Lang LaSalle Meghraj, tells Business Standard that high prices and hardening of mortgage rates may act as a dampener.
The UAE property market will see a general decline in performance during 2010 and will experience greater differentiation as some locations will perform better than others, a new report has revealed.
With necessity being the mother of invention, commercial property developers are going off the beaten track to meet the challenge of a huge sales slowdown.
BPOs located in rural areas and tier 2 and 3 cities are expected to drive the growth of the Indian BPO sector in coming years, experts said on Wednesday.
Maverick designer Manish Arora closed Day 1 of Lakme Fashion Week in Mumbai with a collection inspired by the Art Deco era and Metropolis, the cult film from that era.
In fitting fashion, designer Manish Arora blew it away with his first-ever showing at Lakme Fashion Week, which drew Day One to a close. Don't miss it!
Consultancy firms Jones Lang Lasalle Meghraj and Knight Frank India said there are about 7,000 such apartments to be delivered within a year in Mumbai alone, where the cost is not below Rs 4.7 crore (Rs 47 million) for a single unit.
Check out the Mumbai Indians squad for IPL 2014.
After years of playing second fiddle to newer areas such as Bandra Kurla Complex and Andheri in Mumbai, Nariman Point, once the most coveted address in Mumbai and the country's first central business district (CBD), is bouncing back with a vengeance.
According to Mayank Saksena, head -- transactions, Kolkata, Jones Lang LaSalle Meghraj, "From January onwards, we have been tackling an increase in live enquiries in Kolkata. The rate of enquiries is significantly higher than in cities such as Hyderabad. Chennai, Pune and Bangalore, primarily because Kolkata has a large number of old business houses that have been occupying prime spaces in the central business district."
Though Dubai has great infrastructure, the decision to purchase should be delayed by another four-five weeks.
India's dream run in the Women's Junior Hockey World Cup ended as they lost 0-3 to defending champions the Netherlands scored in the second semi-final in Monchengladbach, Germany, on Friday.
Valuations of projects dated, says valuer. Also, angry shareholders could come together to oppose the proposed reverse merger.
Based on information from 10 pharmaceutical companies based in North America and Europe, a recent Jones Lang LaSalle Meghraj report said these were keen to set up their manufacturing units in India or expand their existing units. Taken together, these would need about 15,000 acres over the next seven years to set up research and development centres, new units and to expand the existing units.
Markets are conversations, not merely devices for aggregating information. And value is not the same as price. All value is discovered inside a conversation and price is just one aspect of 'what's it worth to you'.
Chen Jin has set his sights on dethroning compatriot Lin Dan as China's number one player.
A majority of big real estate developers in India today said they are insulated from the financial crisis in Dubai and it will not have any impact in the country's property market.
The prices of houses have come down by up to 30 per cent over the last four months but weak consumer sentiments continue to prevail resulting in subdued demand, says realty consultant Jones Lang LaSalle Meghraj (JLLM).
A lesson for Jeetendra from Raaj Kumar, Shashi Kapoor delivering gas and Susan Sarandon-Jessica Lange's caustic retelling of the infamous Bette Davis-Joan Crawford feud, Sukanya Verma's super-filmi week turned out to quite a blast from the past.
The chances of organised retail trade crossing the Rs 230,000 crore, as predicted by the Images India Retail Report look remote, says Pradipta Mukherjee.
According to Jones Lang LaSalle's March Global Market Perspective, the stock of commercial property in major cities such as Delhi and Mumbai are forecast to expand by 50 per cent in 2009. 'Tier I cities in the emerging markets of China and India are facing a situation of major oversupply and also are likely to witness significant falls in rentals this year as vacancy levels climb...,' the report said.
A summary of Wednesday's matches in the UEFA Champions League.
Office space rentals in India are expected to fall up to 20 per cent in the next three quarters, with key cities like Delhi and Mumbai slated to witness a sharp decline of 50 per cent.
The Australia fast bowler announced he is taking an indefinite break due to emotional and physical exhaustion.
Australia's Jeff Horn stunned Filipino Manny Pacquiao in a bloody Brisbane battle to claim a unanimous 12-round decision and win the WBO world welterweight title in front of 50,000 fans at Lang Park on Sunday.
Mizhikal Sakshi, the new Malayalam film by Asok R Nath starring Sukumari and Mohanlal has a heartrending story of a mother, whose son is wrongly accused of a crime. Upon execution, however, the film fails to rise above the mundane.
Visakhapatnam is one of the fast-emerging tier III cities of India and is in a position to be the next IT destination in Andhra Pradesh. Availability of skilled labour, infrastructure, and comparatively cost-effective real estate in the city makes Vizag the next emerging IT-ITeS hub after Hyderabad. It is expected to be one of the next growth drivers over the decade, according to Jones Lang LaSalle Meghraj (JLLM).
JP Duminy has been named in the South African Twenty20 squad for the three-match home series against West Indies next month, but a number of other top players will again be rested.
In its latest report for second quarter 2008, Jones Lang LaSalle Meghraj said that though Indian office markets have continued to post growth over the past few years, the last few quarters have seen a polarisation in the office markets in terms of growth in demand across the country. It has categorised the office markets across six major cities -- Mumbai, Delhi NCR, Bangalore, Chennai, Hyderabad and Kolkata -- in three broad segments.
Property investments by Indian buyers in the UK could touch 10-15 billion (Rs 81,829-1,227,44 crore) in the next 10 years, according to a report by property consultancy Jones Lang LaSalle. Though the consultancy did not provide the current numbers, it expects the value of investments to grow 10 per cent every year.
Growing consumer spending may have brought about a retail boom in India, but property and logistics woes will push the industry toward a shakeout that will see several retailers, concepts and malls bowing out.
Currently, the US contributes 40-45 per cent of the total IT/ITeS outsourcing and offshoring business in India and is the single largest market for India's IT/ITeS business. The real estate sector's growth is fuelled by demand. In India, the demand is derived mainly through shift in global economic conditions. Thus any change in the real economy will have an impact on the physical real estate (construction or ready office space) market.
India's Arvind Bhat lost in straight games to Finland's Ville Lang at the International Challenge event in Warsaw.
Indigene and Sayantan Sarkar's Lakme Fashion Week collections promise to keep us warm in style.
Though the Indian realty market lacks transparency and liquidity of the more mature western markets, it is changing fast in response to demands of multinationals, according to a report by consultants, Jones lang Lasalle.
Retailers in India are the most aggressive in Asia in expanding their businesses, thus creating a huge demand for real estate.
Around 15 venture funds from the US and Southeast Asia will be making investments in the Indian real estate sector through the FII route
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