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.
Mahindra and Mahindra declares no slowdown in its real estate ventures despite a general demand slump. Key cities like Jaipur, Chennai, and Faridabad are noted for strong performance.
Atria group plans to expand its Indian hospitality sector portfolio with 1500 new rooms across multiple cities, including the launch of Atria Grand in 2009.
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.
Choice Hotels plans to invest fifteen hundred crore rupees over two years to expand its hotel count in India from 25 to 50.
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.
India's IT hubs face oversupply of office space, leading to potential high vacancy rates and financing difficulties for builders.
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.
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.
Provident Housing seeks to raise ₹750 crore from private equity to fund affordable housing projects across various Indian cities, expanding into a growing market segment.
PBEL City, a township by PBEL in Hyderabad featuring 13 residential and 2 commercial towers, commences phase I with a price range of Rs 41-52 lakh for flats. Completion estimated within 18-36 months. Targeted at IT, bank employees, aged 25-40.
Berggruen Holdings plans to invest over Rs 1,000 crore in India by 2012 to establish 3- and 4-star hotels. The company has secured funding from IDFC and is exploring additional funding options.
Mantri Developers has secured a 4.9-acre plot in Siruseri IT Park for Rs 10.5 crore per acre, setting a new benchmark for Chennai's real estate market.
India's logistics sector is projected to boom, reaching $385 billion by 2015. 110 logistics parks are expected by 2012, boosting industrial activity and real estate in tier-2 and tier-3 cities.
SRK Group to invest Rs 5,000 crore over five years in India, targeting new cities for residential and commercial properties.
The commercial real estate market faced challenges in Q2 2008, with stagnant office demand amid cautious company expansions, according to Cushman & Wakefield's report.
India's commercial real estate sector is experiencing a slowdown due to the general economic downturn, impacting demand and rental values across major cities.
ITC to invest in new hotels in Chennai, Kolkata, Ahmedabad, Hyderabad, and Delhi, with estimated investments over Rs 4000 crore this year and next.
India's retail scene is thriving, with a rise in organized retailing and malls, while high street shops also maintain their appeal, showcasing a complementary growth strategy.
The Madras High Court has halted DLF's shopping mall construction in Chennai, ordering the removal of temporary structures after concerns from local residents.
NBCC, a Government of India undertaking, is in final-stage talks to develop real estate in Dubai and Saudi Arabia. This marks the first time an Indian government entity would develop realty projects abroad.
Ascendas is poised to acquire a 6.18-acre site in Chennai, with expectations of a deal worth around Rs 220 crore, pending approval for increased floor space index.