Mumbai is the most preferred real estate investment destination, followed by Chennai, according to a recent survey. Patna, Nasik, Tiruchirapalli, and Madurai are also emerging as attractive options.
New Delhi tops as India's most expensive city for expats, globally ranks 65th in cost of living.
Indian real estate firms are increasingly adopting technology and ERP solutions to enhance productivity and manage resources amidst a market slowdown.
IT-BPO sector's recession woes force real estate developers to shelve projects, slash rentals, and renegotiate leases in India
Malls in India see 16% vacancy rate as brands shift to high street stores due to viability, visibility, and branding issues.
Real estate companies are promoting 2-bedroom apartments for around Rs 20 lakh to revitalize the housing market, leveraging lower home loan interest rates. However, buyers should be wary of hidden costs and remote locations.
Akruti Developers introduces the Afallon project featuring serviced studio apartments in Whitefield, Bangalore, with an enticing rent guarantee scheme for investors.
The government is considering raising home loan limits and tax rebates to make housing more affordable amid economic slowdown.
Marutham Group launches its first venture, Marutham Gateway, in Pettah, offering 2 & 3-bedroom apartments with numerous amenities. The Chennai-based group has projects across South India and a reputation for timely delivery.
Sobha Developers offers discounts on Bangalore residential projects due to sluggish demand, adjusts launch timelines, and considers smaller, more affordable homes.
Frasers Hospitality expands into India, signing contracts for three Bangalore properties. Fraser Residence Beverly Park and Fraser Place Whitefield will open in June 2009, with Fraser Place Hosur Road slated for 2011.
Property prices in major Indian cities have surged, but new developments in areas like Rudrapur and Mohali show growth potential amidst a changing market landscape.
Phoenix Group Global launches Zuri brand of luxury hotels and resorts in India. First hotel to open in Bangalore, with plans for five more across the country.
Build Up 2008: Indian Real Estate Feels Global Slowdown
Vijay Raheja has launched the Verena luxury villas in Bangalore, with plans for more developments despite market challenges post family business split.
Choice Hotels plans to invest fifteen hundred crore rupees over two years to expand its hotel count in India from 25 to 50.
The Indian real estate market faces a significant slowdown, but agents and developers are hopeful that the upcoming Diwali season will revitalize activity.
Rising property prices and interest rates have led to reduced affordability in residential properties, prompting developers to introduce various incentives and innovative schemes to boost sales.
QVC Realty to raise ₹600 crore for land acquisition and project development in south India, primarily near new airports in Bangalore and Hyderabad.
Corporates are launching new funds to acquire assets in the Indian property market, anticipating significant value erosion. Several groups are raising funds ranging from Rs 500 crore to Rs 1,000 crore, targeting both upcoming projects and existing assets.
Sarovar Hotels & Resorts aims to add 100,000 rooms by 2012, expanding its portfolio with 33 new hotels across various brands, including budget-friendly Hometels and apartment hotels.
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.
Shriram Properties plans to establish two subsidiaries for retail and hospitality, aiming to develop 15 malls and 70-80 budget hotels in the coming years.
Plaza Centers NV has partnered with Elbit Imaging to develop three major projects in Bangalore, Chennai, and Kochi, with a budget of $3.4 billion.