Real estate brokers are underwriting new projects for developers facing a cash crunch in major metros, impacting sales figures and market stability.
Budget 2012-13 proposes external commercial borrowing for affordable housing, a Credit Guarantee Trust Fund, and increased Rural Housing Fund provisions. Real estate players express disappointment, citing increased costs from the cement industry tax and service tax hike.
Noida-Greater Noida Expressway to become a major hotel hub with 2,500 new rooms. Major brands like Marriott, Hyatt, and Oberoi are showing interest due to land availability and mixed-use projects.
Mafatlal Industries plans to sell an 85,000 sq ft property in central Mumbai to revive its operations, with bidding expected to start soon.
Medium-sized developers in India renegotiate joint development agreements due to 30% drop in land prices in the past 6 months, seeking more viable terms.
The Satyam scandal may negatively impact India’s real estate sector, with significant concerns centered on commercial and residential space vacancies amid IT industry challenges.
Malls in India see 16% vacancy rate as brands shift to high street stores due to viability, visibility, and branding issues.
Retail space development in India lagged by 54% in 2008, with only 34 of 74 planned malls delivered. High vacancy rates and economic slowdown contributed to developers deferring projects.
India's real estate sector may benefit from increased Asian fund allocation by global investors, despite current weak demand and uncorrected property prices.
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.
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.
Retailers are postponing expansion plans due to declining rental prices, as they anticipate a more favorable market before committing to new spaces.
Wealthy Indians are increasingly investing in foreign properties as second homes, reflecting a global trend in real estate amid rising domestic wealth.
JMD Real Estate plans Rs 200-300 crore public issue and private equity fundraising with Cushman & Wakefield valuation support.
Three high-value housing deals totaling Rs 300 crore have been closed in Delhi's Golf Links area. GMR, an auto dealer, and Naresh Gujral are among the buyers.
The Mumbai airport upgrade will unveil 132 acres for non-aeronautical uses, significantly boosting retail, hospitality, and office spaces in the region.
Rental prices in key Indian industrial towns surge, with New Delhi experiencing a 13% increase in 2008, reflecting high demand and limited development space.
By 2015, airport modernization aims to add 78 million square feet of real estate, boosting non-aeronautical revenues significantly, especially in retail and office spaces.
New airports in India will become business hubs with office, hospitality, and retail spaces, boosting real estate and attracting MNCs.
JP Infrastructure Pvt Ltd of Ahmedabad is negotiating with a private equity fund to raise ₹200 crore, while planning an IPO and various real estate projects.
Vacancy rates are rising in Bangalore and Chennai's tech hubs as IT companies seek new locations, causing concern for real estate developers.