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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.