Property prices may drop 12-17% in Delhi-NCR, Mumbai, and high-end markets by next Diwali, as developers aim to reduce inventory and increase sales. New launches have decreased significantly.
Tier-II and Tier-III cities in India are experiencing significant growth in residential real estate transactions, contrasting with the slowdown in major metros.
The real estate market, once a high-growth sector, is currently facing challenges due to economic slowdown and revised funding rules. Experts advise caution and research before investing.
Office space availability in India's top cities plummeted by over 75% in Q2 due to high vacancy rates and weak commitments in ongoing projects, marking the lowest supply in recent quarters.
In response to RBI's new loan policy, developers are introducing offers and freebies to attract buyers amid an economic slowdown and unsold inventories.
Hines Realty from the US plans to enter India's residential market through joint ventures, focusing on mid-segment housing and possibly hotel projects in Delhi-NCR and Mumbai.
Godrej Properties plans to raise ₹700 Cr through a rights issue to fund new and ongoing projects across key Indian cities. The company aims for growth despite previous market sluggishness.
Cushman & Wakefield reported Rs.700 Cr in private equity investments in Delhi-NCR, with a notable decline in interest in Gurgaon despite overall growth in the market.
Home sales across major Indian cities continue to plummet despite developers offering incentives, with Hyderabad experiencing the steepest decline of 46%.
Mumbai's residential property prices have increased by 2.9% to Rs. 11,626 per sq. ft. However, property sales have slowed down, with only a marginal increase of 1%.
Vertical development in India, driven by land scarcity and housing demand, fuels a 40% annual growth in the elevator industry, particularly in the housing sector.
Supertech collaborates with Disney India to design themed interiors for a new residential project, catering to the rising demand for branded homes in Delhi-NCR.
Vasundhara Enclave in Delhi-NCR has the potential to attract end-users but is facing weak demand for housing units. Property prices are stable with low demand.
Vacancy rates in Indian shopping malls are on the rise, particularly in Delhi-NCR and Mumbai. Experts attribute this to an oversupply and mismatch with demand.
The Delhi-NCR region is considering mandatory green norms for plot development to ensure eco-friendly construction practices among homeowners.
CREDAI NCR aims to regulate property dealers and boost home sales by mandating disclosure of saleable and carpet areas in brochures, introducing lock-in periods for resale, and imposing higher transfer charges.
Bangalore and Mumbai dominate private equity real estate investments in India, attracting over 84% of total funding, while Delhi's contributions remain primarily theoretical.
Golf courses are becoming a sought-after amenity in Mumbai's high-end housing projects due to increasing demand and changing lifestyle aspirations.
Industry experts predict a surge in mid-segment housing demand, driven by affordability, particularly for 2 BHK apartments across various regions in India.
Indian builders showcase new projects at Kuwait Property Exhibition on January 11-12, targeting NRI homebuyers with properties from various cities and attractive investment opportunities.
Indian real estate anticipates recovery from a slow 2012, fueled by retail FDI policy. Increased demand for retail spaces is expected to drive construction and boost commercial real estate.
Adani Realty partners with M2K to launch Oyster Grande, a premium housing project in Gurgaon, with an estimated investment of Rs.1000-Crore
Ulwe in Mumbai projected for a 145% price hike, making it a top real estate investment destination along with other cities like Pune, Bangalore and Delhi-NCR.
Commercial real estate demand rebounded in India during Q3 2012. Bangalore led office space absorption, followed by Hyderabad and Mumbai. Rental markets remained stable.
ASK Property Investment Advisors plans to invest in Indian real estate projects via its new offshore fund, committing $40 million initially.