Housing sales fell 37 per cent year-on-year during the 2020 calendar year while gross office space leasing declined 35 per cent on low demand because of the coronavirus pandemic, but demand improved significantly in the last quarter to cross pre-COVID level, property consultant Knight Frank India said on Wednesday. In its 'India Real Estate - Residential and Office Update H2 2020' report released on Wednesday, the consultant reported that sales of residential properties fell 37 per cent to 154,534 units in 2020 across eight cities as compared with 245,861 units in the previous year.
While tenants can't escape the impact of rising rentals entirely, they can adopt a few strategies to reduce the impact.
Surpassing China, India will become the world's largest economy by 2050, says a report.
Monetising real estate assets is part of the overall relief package that would be used to retire debts, upgrade networks, and offer VRS aimed at reducing the telcos' employee strength by half.
Improved sentiment because of a stable government to push demand, says Knight Frank.
Sets up new financial services arm, Amit Goenka joins as CEO.
Knight Frank LLP, an international property consultancy, recently conducted a study on how many years worth of earning would it take for an average citizen to buy a 100-square-metre luxury or a high-end apartment in the world's most important cities. These numbers are according to an analysis of real estate and wages.
India is projected to be home to the fourth highest number of billionaires in the world by 2023.
Like the billionaire investor Rakesh Jhunjhunwala, Gautam Gambhir, the tenacious former opener-turned-coach, also seems to be governed by instincts while picking unheralded players and turning them into match-winners, points out Vishal Menon.
Mumbai witnessed the sharpest decrease in new launches, at 43 per cent during 2014, followed by Hyderabad, with a 30 per cent drop.
The event was held in Mumbai on Friday.
These cities are considered the most important to the world's High Net Worth Individuals (HNWIs), according to The Wealth Report 2012 by Wealth Report 2012 by Knight Frank & Citi Private Bank.
As global and domestic economies continue to flounder, vacancies at many existing and new commercial properties across India's commercial capital have risen to 30-50 per cent levels from 14-15 per cent in 2009.
Let's take a look at some of the major financial cities in the world.
The London School of Economics professor Danny Quah forecasts that by 2050 the world's economic centre of gravity, a theoretical measure of the focal point of global economic activity based on GDP, will have shifted eastwards, as quoted in the Wealth Report 2012 by Knight Frank & Citi Private Bank.
Out of 97 global cities, Mumbai and Delhi are currently ranked at 21 and 33, respectively.
Let's take a look at cities that are favourite of world's wealthiest.
Asia-Pacific economies continue to outpace other regions of the world, whose growth prospects have weakened over the first half of 2013.
Goldman-HDFC JV and OYO Hotels & Homes are betting big on student housing, says Raghavendra Kamath.
Indians are the fourth-largest property buyers in Singapore.
A recent study titled - The Wealth Report 2012 - suggests that even though the focus is now on emerging economies; established top cities in the world will continue to draw wealth for sometime.
The stakeholders' sentiments for a shorter period fell from 63 in Q3 2014 to 48 in Q3 2015.
According to CNBC's report based on a research by global real estate consultancy Knight Frank, which ranks countries according to highest average growth in housing prices from the fourth quarter of 2006 to the same period in 2011, here are the world's hottest real estate markets.
Identified as states with "great potential", Andhra Pradesh, Gujarat, Karnataka, Maharashtra and Tamil Nadu are projected to increase their industrial production by more than two-and-half times to Rs 50 lakh crore in the next five years.
General Motors vice-president P Balendran is less diplomatic and talks about a 'severe blow'.
It is expected that the global real estate market will see some major improvements in the latter half of the year.
Overseas investors questioned the difference between the net asset value of Unitech's Alternative Investment Market-listed Unitech Corporate Parks Plc fund and what the traded price of the units reflected. Company sources, however, maintained that investors were merely seeking information to understand the variance between the NAV of the fund, which was about 140 pence, and what its unit's trading price of 11.5 pence reflected.
The gap between the performance of Europe and Asia's top cities has narrowed.
While there is little doubt that the emerging economies present the best chances for economic growth, not all countries will prosper at the same rate, says the Wealth Report 2012 by Knight Frank & Citi Private Bank.
Holidays turn into horror, Bhansali brand of razzmatazz and tons more on OTT this week.
Rich and powerful see New York and London as the leading business hubs over the next 10 years, but emerging nation centres are catching up.
Greed is coming back. So, developers can increase prices. I am sure that prices will not go down from here onwards.
A weaker pound and robust economies at home have made Asians the largest investors in Central London's real estate market, a global property consultancy firm, Knight Frank said recently.
This year's survey reveals 14 cities sliding down the rankings and 16 moving up.
European cities continue to lead in terms of quality of life.
Though New York and London are seen by high net worth individuals as the world's leading hubs over the next 10 years, emerging nation centres are fast catching up.
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.
"Our extensive research reveals that as the real estate sector's growth continues to improve, the country will witness a supply of 138,000 residential units in 2010, 57 per cent more than the supply seen in 2009."
The affordable housing segment will offer business opportunities worth over Rs 5,00,000 crore (Rs 5 trillion) as India requires more than ten million houses to be built by 2013-14.
Weak absorption and rising inventories in the residential market in Mumbai may lead to price correction in the early part of 2014, real estate consultancy firm Knight Frank said.
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