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.
Sales to NRIs in India show resilience despite domestic slowdown and have tripled over half a year.
Real estate sales have declined, but prices remain stable. High interest rates coupled with past growth have caused a market slowdown, affecting buyer sentiment.
One-BHK apartments in Ranchi have failed to attract buyers, prompting developers to shift focus towards larger two-BHK and three-BHK units due to lower property rates compared to other major cities.
A recent AFIRE survey reveals India ranks highly among foreign real estate investors, with JP Morgan planning a substantial investment in the sector.