HDFC and its asset management unit have over $1 billion in property funds to buy distressed real estate projects during the current downturn.
Land prices skyrocket on Kona Expressway, NH-2, and NH-6 due to upcoming projects like DLF township and Tata Motors plant, with prices rising six-fold in four years.
Bangalore's central mid-range residential rentals surge by 8-10% due to fewer new projects from leading developers, while eastern and southern areas face an 11% and 4% drop, respectively.
Real estate firms are engaging in joint developments amid a significant drop in apartment sales and rising inflation, with experts predicting rising land values in select areas.
DLF threatens to withdraw from the ₹33,000 crore Dankuni township project in West Bengal due to land acquisition delays and lack of progress, posing another challenge for the state government alongside the Singur issue.
HDIL plans to raise ₹1,000 crore for Mumbai airport modernization, relocating 80,000 slum families. This surpasses the Dharavi project in scale and involves a 53-acre plot acquisition for ₹1,900 crore.
Property owners in posh Delhi NCR localities face mixed experiences with increasing demand for ready-to-move-in homes from expatriates and higher officials.
Terrorist attacks tragically impact human life and the economy, including real estate. This article examines the potential effects on India's real estate market, referencing global trends after 9/11.
The real estate sector's slowdown leads to delayed home deliveries as funding dries up, demand falters, and costs soar. Several factors, including high-interest rates, restricted access to finance for smaller players, and rising construction costs, contribute to the delays.
Indian real estate developers halt land acquisitions amid market downturn, rising interest rates, and funding challenges. Tepid sales and cash crunches force project delays and potential distress sales.
Developers offer discounts, freebies, and value-added items to attract buyers amidst rising interest rates and inflation.
NRI investment in Indian real estate is booming, driven by strong remittances and the market's stability. Major developers are witnessing a significant increase in NRI sales, particularly in cities like Mumbai, Ahmedabad, and Goa.
Dhanbad, Jharkhand, emerges as a rising real estate hub after Ranchi and Jamshedpur, with realistic property rates and growing demand for horizontal colonies.
Mumbai suburbs to see 10-20% property price drop by March 2009, Jones Lang LaSalle Meghraj predicts, citing excess supply beyond Borivali, Thane, and Navi Mumbai.
Altamount Road in Mumbai ranked tenth most expensive street globally, boasting greenery and prominent residents, but faces challenges from construction and parking issues.
Jim Gainsford, a British expatriate, shares his experience of finding a home in Gurgaon, India. He emphasizes the need for better infrastructure in the area, including finished roads and traffic management.
Delhi Development Authority (DDA) plans to redevelop 30 slum clusters with private developers, offering higher FAR for increased profitability, similar to Mumbai's successful projects.
Kolkata realtors to hike residential unit prices by Rs 100-500/sq ft due to 25% increase in construction costs, amid 12.98% inflation rate.
Rising interest rates and new DDA flats are causing panic among real estate investors in Delhi NCR. Investors are selling back to developers or pushing for quick sales, while experts advise end-users to wait for potential price corrections post-festive season.
Burn Standard and NBCC plan to develop a premium housing complex on an 11-acre plot in Alipore, Kolkata. The project awaits BIFR approval and faces hurdles like relocating existing structures.
Ahmedabad is attracting significant NRI real estate investment, rivaling Mumbai and Goa. Driven by better appreciation and affordability, NRIs are showing increasing interest in high-end properties.
Young Builders acquired DMRC's 2-hectare land in North Delhi for Rs 220 crore to develop a residential complex, impacting nearby property values like Parsvnath Developers’ project.
The DDA will sell 5000 flats at prices significantly lower than private developers, offering hope to prospective homeowners in Delhi amidst rising real estate costs.
Maharashtra, known as the 'Power House of India', is witnessing rapid development in both residential and commercial real estate. The state's industrial growth has boosted real estate demand in cities like Mumbai, Pune, and Nagpur.
Matheran Realty's lottery-style sale for 2,000 affordable flats in Karjat, priced at Rs 3 lakh, with funding from Eredene Capital and technical support from Sterling Construction Systems
