Air India plans to monetize its real estate assets, including properties in Delhi, Mumbai, Chennai, London, and Tokyo, to address its financial challenges and raise around Rs. 5,500 crore over the next ten years.
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.
Surging property prices have led to a significant decline in residential sales across major Indian cities, with reports indicating a 42% drop in 2012.
Mumbai's real estate exhibition has reignited hope among builders for a festive revival despite sluggish sales and stable prices in the market.
CREDAI urges faster environmental clearances to meet the rising housing demand. Lalit Kumar Jain highlighted project delays due to the Ministry of Environment.
Mumbai's real estate firms are selling smaller office spaces due to declining demand from corporates and financial institutions, turning to professionals for sales.
CREDAI criticizes Maharashtra's policies as investor-unfriendly, prompting a shift towards Gujarat for real estate investment, driven by high costs and slow approvals in Mumbai.
Commercial real estate demand rebounded in India during Q3 2012. Bangalore led office space absorption, followed by Hyderabad and Mumbai. Rental markets remained stable.
Deccan Chronicle Holdings plans to sell the IPL franchise Deccan Chargers to Kamla Landmarc Real Estate, amidst ongoing court proceedings and shareholder approvals.
Continued population growth in India creates a pressing need for additional housing, with major cities demanding over 2.1 million new units by 2016.
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.
Reliance Capital plans to launch a ₹1,000 crore real estate-focused fund by 2012's end, targeting stalled projects in key Indian cities, despite recent market challenges.
Govt to sell/lease surplus land to ease financial stress, boosting real estate growth in Indian metros.
Mumbai real estate prices have declined due to higher interest rates, stricter housing loans, and increased repo rates. The RBI's strict lending policies and over-supply have also contributed to this drop.
Bandra Kurla Complex (BKC) is experiencing growth in office space with an expected 2.5 million sq ft addition. Leasing and buying activity has increased and the rent correction appears stabilized.
Lodha Group in talks to buy DLF's Mumbai plot for $500 million.
Pune's real estate market has attracted significant private equity investment, primarily in the residential sector, driven by the city's IT industry growth and proximity to Mumbai.
According to CBRE, the Indian residential market saw significant price increases in 2009-2011, followed by stagnation in the latter half of 2011 due to multiple factors.
Mumbai land prices, already the highest in India, are expected to continue their 15 percent decline this year due to high borrowing costs and the need for developers to sell.
IL&FS Investment Managers Ltd (IIML) intends to launch a new fund under Yatra Capital, an India-focused real estate investment firm, pending shareholder approval and market conditions.
Mumbai's real estate market shows signs of recovery with increased property registrations and new project launches. Festive occasions, discounts and lower interest rates are driving demand.
South Indian cities are becoming important real estate hubs due to improving transparency and a focus on quality development. Residential markets remain resilient with an affordability mantra.
Mumbai builders cancel their planned strike after negotiations with the Chief Minister regarding delayed project approvals and the establishment of a housing regulator.
Mumbai faces longer sales times for its 1.13 lakh unsold units due to high prices, despite having fewer unsold units than Delhi NCR. Rate cuts by RBI could boost sales.
Anand Rathi Financial Services and Knight Frank India plan to launch a Rs 500 crore real estate fund focused on commercial assets in tier I Indian cities.