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  • IT companies drive office space demand

    Mint, Mumbai

    February 26, 2013

    Information technology (IT) companies continue to rent and even buy office space in relatively cheap properties that are being constructed away from traditional commercial hubs even as the sector’s profit growth has slowed because of weak demand in its main markets in the US and the UK.

  • Global PEs bullish on India realty market

    February 22, 2013

    Global private equity investors are still bullish on the Indian property market, but after many of them burnt their fingers in the rush of 2006-2008, they might be more discreet this time when it comes to taking the development and execution risk in India, says Alastair Hughes, chief executive officer, Asia-Pacific at property consultancy Jones Lang LaSalle.

  • Big corporates ride weak realty market by moving to bigger offices

    The Economic Times, Mumbai/Bangalore

    February 19, 2013

    Many companies, taking advantage of a sluggish real estate market, are consolidating or moving their headquarters to bigger and better offices. Multinationals like Volkswagen, Bayer CropScience, FedEx, Pepsi-Co and L'Oreal along with Indian majors such as Cipla, Britannia and HDFC have cleverly used the market trend to save on two fronts — cost and space.

  • New growth centres for residential realty

    The Indian Express, Mumbai

    February 09, 2013

    As per the 2011 census, there are 53 urban areas with a population of more than a million each. The manufacturing, trading and services activities in these cities are the major contributors to the Indian economy.

  • Mumbai, Delhi among cheapest cities on worldwide cost of living index: Economist Intelligence Unit

    The Financial Express, London

    February 05, 2013

    Financial capitals of India and Pakistan - Mumbai and Karachi - were the cheapest cities in the world to live followed by New Delhi, according to a new survey.

  • Govt keen on connecting tier II & III cities through low-cost, non frills airports

    Business Standard, Chennai

    January 31, 2013

    Civil Aviation Minister Ajit Singh today said that the Centre is keen on providing air connectivity to tier II and III cities, by operating right mix of airlines and development of low-cost, no -frills airports.

  • Real estate industry says RBI rate cut to boost housing demand by buyers

    The Financial Express, New Delhi

    January 29, 2013

    Real estate industry and property consultants today hailed the RBI's decision to cut key policy rates, saying that it is a positive step that would boost housing demand and encourage foreign investment in the sector.

  • Mumbai property sales on recovery path

    The Financial Express, Mumbai

    January 23, 2013

    Signalling a recovery in property sales, Mumbai property sales registrations show that 2012 has ended on a positive note.

  • Centre to introduce Real Estate Regulatory Authority Bill

    The Times of India, New Delhi

    January 16, 2013

    Withstanding objections from real estate bodies and industry pressure groups against the proposed Real Estate Regulatory Authority Bill, the housing and poverty alleviation (HUPA) minister Ajay Maken, on Tuesday, said the bill will be introduced before parliament during the Budget session.

  • Realtors defer launches, shift focus from luxury

    Hindustan Times, Mumbai

    January 08, 2013

    Property developers who have been holding onto high prices despite falling demand, especially in the luxury segment, are finally changing course. They are not dropping prices yet, but are holding back new launches and focusing on relatively affordable homes, industy researchers said.

  • Better deal awaits home buyer

    Financial Chronicle, Mumbai

    January 01, 2013

    Rajesh Singh and his wife Reshmi have been scouting for a house in the city for the past couple of years. But they were forced to postpone their decision due to high interest rates for housing loans, ever-increasing property prices and uncertain economic environment.

  • Real estate sector likely to revive in 2013: Experts

    Financial Chronicle, Mumbai

    December 24, 2012

    After a long lull, the year 2013 is expected to bring back hopes of growth to the real estate sector, mainly due to the government's positive approach towards reforms and moderation of interest rates, experts say.

  • RBI allows $1 Bn Ecb for promoting low cost housing

    The Financial Express, Mumbai

    December 17, 2012

    The Reserve Bank today allowed real estate developers and housing finance companies to raise up to USD 1 billion through external commercial borrowings (ECBs) in the current fiscal to promote low cost housing projects.

  • Hot spots for residential realty

    The Indian Express, Anshumali Ruparel

    December 15, 2012

    Several cities are seeing high growth turning them into the next investment destination for residential realty. Even as various studies point to their emergence, an investor would do well to carry out proper due diligence

  • Finance Ministry pushes RBI to give infrastructure status to housing sector & ease provisioning norms

    The Economic Times, Dheeraj Tiwari & Ravi Teja Sharma, New Delhi

    December 11, 2012

    The finance ministry has asked the Reserve Bank to consider giving infrastructure status to the housing sector, and relax provisioning norms for it so banks can extend attractive loans to buyers.

  • Realty majors announce Rs 8,000 crore investments on projects

    The Financial Express, New Delhi

    December 07, 2012

    Signalling bounce back of the real estate sector after a prolonged slowdown, developers including Supertech and Ansal API, today announced investments of nearly Rs 8,000 crore on projects over the next four years.

  • Huge scope for realtors in higher education sector: survey

    The Economic Times, Mumbai

    December 03, 2012

    Lack of physical infrastructure in the education sector, which has become a key focus area for the government, provides huge opportunities for real estate players, says a survey.

  • Luxury hotel chain W to check into mumbai

    The Financial Express, Diana Ningthoujam, Singapore

    December 01, 2012

    Mumbai will be soon home to India's first W hotel, the luxury boutique hotel brand of Starwood Hotels and Resorts Worldwide.

  • Office space demand set to revive, may grow 21 percent in ’13

    Financial Chronicle, Jharna Mazumdar, Mumbai

    November 26, 2012

    Office space demand is expected witness an year-on-year increase of 21 per cent to 38 million sq ft in the calendar year 2013, mainly driven by demand from information technology (IT and IteS), banking, financial services and insurance (BFSI) sector.

  • India still a key realty market for pe funds, says CB Richard Ellis

    The Economic Times, New Delhi

    November 23, 2012

    India continues to be a key real estate market for private equity funds and foreign investors despite the global economic slowdown, a top executive of property advisory firm CB Richard Ellis-Asia Pacific has said.

  • Finance Minister asks banks to bail out builders

    The Economic Times, Sangita Mehta, Mumbai

    November 22, 2012

    Finance Minister P Chidambaram has asked banks to lend a helping hand to builders, particularly those involved in construction of residential properties, in order to revive faltering economic growth.

  • Khan market in New Delhi, Mumbai’s linking road among most expensive retail locations

    The Financial Express, Mumbai

    November 20, 2012

    Khan Market in New Delhi retained its position as the most expensive retail location in India, followed by Mumbai’s Linking Road, real estate consultants Cushman & Wakefield said in a report.

  • Despite plunging sales, demand for luxe homes booming

    Financial Chronicle, Mumbai

    November 19, 2012

    Driven by new offerings, greater influx of NRIs and changing lifestyles, the demand for luxury and ultra-luxury homes with a price-tag in the range of Rs 1-20 crore, or even more in some cases, is again making a comeback in metros, according to a report.

  • South chennai among country’s realty hot-spots

    The Hindu Business Line, Chennai

    November 17, 2012

    Two reports by different international property consultants point to the continued dominance of South Chennai as a hub for residential development. A report by Knight Frank India identifies two localities in the southern part of the city as ideal residential investment option with high appreciation likely in the coming years.

  • India to emerge as second most competitive economy

    The Hindu Business Line, New Delhi

    November 16, 2012

    India is likely to emerge as the second most competitive economy in the world after China in terms of manufacturing in the next five years, says a report.

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