Real estate prices are unlikely to rise in the next six months, with a significant increase in residential property sales expected, according to Niranjan Hiranandani of Hiranandani Group.
Oberoi Constructions plans IPO launch in Q1 next financial year to fund growth
Tata Housing engages in initial discussions with Sequoia Capital and Atlanta Equity to secure funding for affordable housing projects, attracting investor interest with low-risk opportunities.
Lodha Developers offers Rs 710 crore for a 10.3-acre NTC mill land in Mumbai, potentially the largest real estate deal of the year.
Lodha Developers' bid for Finlay Mill property in Mumbai not cleared due to low offer
Mumbai flat prices predicted to drop further, brokers advise waiting. Developers disagree, stating prices have stabilized after a 5-20% decrease.
The global economic slowdown has led to increased vacancy in prime commercial districts, including Mumbai's Nariman Point. The trend is similar in other major cities like New York and Chicago.
QVT Financial LP opposes Hirco Plc's merger proposal with Hiranandani group subsidiaries, stating it benefits Hiranandani at the expense of Hirco shareholders.
Public sector banks' interest rate cut for home loans up to Rs 20 lakh may induce some buying in the property market, but developers and experts believe it's not enough for a major boost.
DLF Vice-chairman Rajiv Singh on portfolio gaps, interest rates, and market challenges
Mumbai developers consider halting new residential projects due to market slowdown, impacting sales and leading to job cuts in the construction industry.
Centrum Broking predicts a 30-35% decline in India's residential property prices, with Mumbai expected to fare better, possibly experiencing a reduction of 20-30% by April 2009.
Potential home buyers may find deals in April-May as developers face pressure to sell unsold stock at lower prices due to financial crunch.
Leading real estate developers in Mumbai unanimously agreed to reduce home prices by 10-12% during a recent meeting at the Grand Hyatt Hotel.
A Supreme Court ruling allowing increased Floor Space Index for old buildings in South Mumbai opens redevelopment opportunities, potentially impacting property prices and infrastructure.
Nirmal Lifestyle partners with American Tennis Association for US Open-branded amenities in Indian projects
Goel Ganga group expands, delivering 10,000 flats in 3 years, investing Rs 5,000 crore in Pune, Bangalore, Mumbai, and Nagpur, with new hospitality ventures.
NRI investment in Indian real estate is booming, driven by strong remittances and the market's stability. Major developers are witnessing a significant increase in NRI sales, particularly in cities like Mumbai, Ahmedabad, and Goa.
Mumbai suburbs to see 10-20% property price drop by March 2009, Jones Lang LaSalle Meghraj predicts, citing excess supply beyond Borivali, Thane, and Navi Mumbai.
Ahmedabad is attracting significant NRI real estate investment, rivaling Mumbai and Goa. Driven by better appreciation and affordability, NRIs are showing increasing interest in high-end properties.
Maharashtra, known as the 'Power House of India', is witnessing rapid development in both residential and commercial real estate. The state's industrial growth has boosted real estate demand in cities like Mumbai, Pune, and Nagpur.
Red Fort Capital negotiates Rs 40bn projects with 6 Indian developers, including Godrej Properties for Kolkata IT park
Red Fort Capital in talks with 6 developers for Rs 4,000 crore projects across India
Prospective home buyers should prioritize affordability over fear of missing out, as current real estate prices are excessively high, with a 30% correction needed for sustainability.
Wipro Infotech secures a decade-long IT project from Lodha Group worth Rs. 1.3 billion for services in India and the Middle East.