Retailers in India are the most aggressive in Asia in expanding their businesses, thus creating a huge demand for real estate.
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.
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.
Surpassing Tier I and Tier II cities in cost advantages, five Tier III cities Ahmedabad, Chandigarh, Indore, Kolkata and Nagpur are all set to emerge as major hubs for IT offshoring in next five years, said a global realty consulting firm.
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.
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.
Recovery in US gives extra boost to IT/ITeS office deals in Bangalore and the National Capital Region.
A good number of seniors today are independent, financially stable.
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On Wednesday, RBI reduced the cap on individual remittances abroad from $200,000 (about Rs 1.2 crore) to $75,000 (Rs 45 lakh) and also barred individuals from using funds under the scheme to buy immovable properties abroad.
Rau's felt the need to be where the action was.
The institute that once drew largely elite students also decided to expand its base and cater to a wider pool.
Shrinivas Sainis Dattatraya, 39, went missing on Friday from camp IV situated at an altitude of 8,400 metres while returning from the Summit, said Mingma Sherpa, chairperson of the Seven Summit Trek, which organised the expedition.
JLL study reveals 30,501 out of 44,032 units fall in this ticket size.
In the NCR region, a significant number of residential projects in areas such as Noida have been delayed because of disputes with regards to land acquisition.
It is one of the three marquee hotels owned by Sahara outside India.
With Sebi clearing the final guidelines for creation of Real Estate Investment Trusts (REITs), assets worth around $12 billion are likely to be listed in the next 2-3 years.
The realty market has been reeling under declining sales, coupled with higher inventory, for the past two years.
Tier-II cities are all set to witness good retail growth in near future.
Sotheby's International Realty was founded in 1976.
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Experts say in the serviced apartments space, developers, primarily from the hospitality sector, are targeting non-resident Indians, expatriates and now, even domestic investors.
Expressing disappointment over RBI's decision to hike the key policy rate, real estate developers said this would lead to increase in finance cost and also affect housing demand during the festive season.
Property markets in Uttarakhand and Himachal Pradesh, which have had a dream run in recent years, are set to face a downturn.
Demand for Grade A office space is rising across the country.
As the BJP is set to form the next government in Maharashtra on Friday, industry experts want the new chief minister to expedite the delayed infrastructure projects in the state and revive investment in key sectors by removing bureaucratic bottlenecks.
Gurgaon and Mumbai, the richest cities in Haryana and Maharashtra, respectively, have always been the preferred markets for investors. Most parts of these cities are beyond the reach for those looking for affordable homes.
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RBI on Wednesday surprised the markets by leaving key policy rates unchanged, notwithstanding persistent high inflationary pressure.
Because of high rents in Mumbai and the response from Delhi, most luxury retail players want to expand in the capital.
Besides making property more expensive, these also affect the existing owners with higher taxes
Real estate investment trusts may not be attractive enough.
Home seekers demand has exceeded supply and hence there is a possibility of rentals going up by atleast 10 percent.
RLDA is a statutory authority established by the ministry of railways for generating non-fare revenue from railway land.
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RBI's move to link loan payment to construction progress is likely to bring down property prices.
The earlier ambiguity over bifurcation of the state had affected the real estate business.
The revival in Mumbai's property market could help the group.
High interest rates and prices mean low affordability. Also, developers have huge inventories.
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Across the country, residential projects offering deals have risen 45-50 per cent in the run-up to the festive season and may double further by Diwali and the year-end as realtors attempt to clear piled-up inventory.
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