Shapoorji Pallonji Group plans to expand its IT parks by 52%, adding 2 million sq ft to its existing 5 million sq ft portfolio across India.
The report highlights the fluctuations in mall vacancy rates across various Indian cities, influenced by leasing activity and the supply of new retail spaces.
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.
Sofitel, under Accor Group, plans to acquire over 10 luxury properties in India, aiming to expand its operations in major cities amidst challenges in licensing and workforce.
Kolkata aims to transform Rajarhat Town into a solar city, with a Rs 400 crore plan focusing on renewable energy and energy efficiency initiatives.
West Bengal's new property tax proposal faces criticism from CREDAI Bengal, citing increased transaction costs and negative impacts on the real estate sector due to inflated property valuations.
Theme-based housing is trending in the Indian residential market, driven by global exposure and increasing demand. Tata Housing and Disney are entering the market.
Disney India launches 'theme home' concept utilizing Disney characters, sparking global interest for Walt Disney Company.
ICICI Venture, a major Indian private equity firm, secured approximately $700 million last year through real estate and other funds. The firm plans further investments in key Indian cities.
Cushman & Wakefield reported a 16% decline in new home launches across India's top eight cities in 2012, with the majority of launches targeting the middle-income segment.
Real estate experts predict a prosperous 2013, citing favorable government policies as key drivers for growth and transparency in the sector.
CREDAI urges Bengal government to repeal the Urban Land Ceiling Act, citing it as a hindrance to real estate development.
A survey indicates that 89% of UAE-based NRIs invest in real estate in India, driven by factors like rupee depreciation and high return expectations from premium properties.
Commercial real estate demand rebounded in India during Q3 2012. Bangalore led office space absorption, followed by Hyderabad and Mumbai. Rental markets remained stable.
Continued population growth in India creates a pressing need for additional housing, with major cities demanding over 2.1 million new units by 2016.
West Bengal government plans to allow real estate builders to resume construction of townships after a six-month halt. The state may grant 14Y clearance for projects if 51% is set aside for commercial purposes.
India's booming service sector fuels demand for commercial real estate, particularly in major cities. Despite economic slowdowns, IT, BFSI, and other service industries show strong growth, driving office space absorption to new heights.
Govt to sell/lease surplus land to ease financial stress, boosting real estate growth in Indian metros.
West Bengal government proposes amendment to ULCA, requiring developers to reserve 30% of apartments for low-income groups.
Unity Infraprojects, with a healthy order book and strong balance sheet, presents a good investment opportunity. The company is poised to unlock value from its 9 million sq ft real estate projects across India.
Developers offer 'monsoon discounts' to boost sales during lean season, with discounts ranging from 10-20% in cities heavily affected by monsoon.
Real estate brokers in major Indian cities are switching to other businesses due to a slump in home sales. Smaller players are particularly affected, forcing many to seek jobs in different sectors.
Puravankara Projects Ltd. may enter the hospitality sector in 6-8 months, but is currently focused on residential projects, particularly in South India.
Sayaji Hotels Ltd plans to invest Rupees 100 crore in Pune, expanding operations to include a sports club, restaurant, mall, and service apartments. The group also aims to grow in other cities like Bangalore, Chennai, and Gurgaon.
A new report indicates that the Indian realty sector may face an oversupply of office spaces, leading to declining rentals and increasing vacancy rates.