A slowdown in real estate is observed, with residential transactions down 20-25%, while Mumbai experiences high demand despite challenges from rising interest rates and inflation.
Office rentals in Gurgaon declined by 8% in Q2 2008 due to increased supply and reduced demand. The report highlights preferred locations like MG Road, Golf Course Road, and DLF Cyber City. Noida remains an attractive option for IT/ITeS companies.
DLF Ltd plans to develop eight shopping malls in metros this financial year, focusing on leasing commercial spaces.
Real estate speculation declines in Delhi-NCR due to price stabilization, impacting developer sales and project timelines.
Parsvnath Developers launches Parsvnath Preston in Sonepat, aiming for Rs. 500 crore profit. The project offers 1200 units, with 500 in the first phase, spanning 2.2 million sq ft.