Rentals in the National Capital Region are anticipated to stabilize due to increased supply in Gurgaon and Noida, with no major changes expected in Delhi.
Hilton Hotels Corporation is planning a major comeback in the Indian market after ending its partnership with The Oberoi Group. The company is negotiating with multiple real estate players and will introduce its full range of hotels.
Amrut Runwal Group is entering the hospitality sector with a five-star hotel in Pune, scheduled to open by June 2009, under the Ramada brand.
Mumbai's industrial property rents surged dramatically last year, nearly doubling and ranking among the fastest increases worldwide, according to an international report.
Shopkeepers on MG Road, Delhi, face steep rent increases amid uncertainty over property prices due to impending sealing drives after the assembly elections.
Unitech, Indiabulls, and DLF postpone REIT listings on SGX due to market conditions, opting for private placements and domestic funding.
Vishal Retail is venturing into real estate, aiming to acquire 1 crore sq ft in 3 years for retail expansion and new projects. The initiative is expected to launch later this year or early next year.
Finance Minister P. Chidambaram's decision to lower home loan rates highlights a slowdown in various sectors, despite commercial real estate thriving.
Bahraini firm Acacia Real Estate buys 49% stake in Noida's Logix TechnoPark for $69 million, projecting a 24% annual return for investors.
Indiabulls, a Mumbai-listed real estate giant, is set to acquire Aim-listed Dev Property Development in a £138 million all-share deal, marking the first such transaction of this scale financed entirely by Indian shares.
Suncity Projects plans to invest ₹15,000 crore in developing 'Jewel of India' mega-malls across six cities, featuring unique ethnic product spaces.
Healthcare real estate is booming in India, with projections of $50.2 billion turnover by 2011 and $1.5 billion medical tourism industry by 2010. Major players are investing in developing health cities.