A National Crime Records Bureau (NCRB) survey reveals a decline in property sales recovery in India. Maharashtra experienced a sharp drop, while Andhra Pradesh showed the best recovery rate.
Mumbai residential buildings at high fire risk, with 90% violating safety guidelines in recent inspections.
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.
Over half of Mumbai's 40 malls struggle with low footfalls and high vacancy rates, impacting retailers and highlighting design flaws and brand inadequacy.
Despite efforts to increase transparency, Mumbai's building plan approval system faltered. Approved construction plans were not uploaded to the website, hindering access for potential buyers.
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.
DLF and Oberoi Realty report decline in net profit in Q2 due to slow property market and high interest rates. Both companies sold assets to reduce debt.
Tier-II and Tier-III cities in India are experiencing significant growth in residential real estate transactions, contrasting with the slowdown in major metros.
Indian real estate deliveries face significant delays in 2013, impacting homebuyers. NCR lags behind, while Pune and Mumbai show better performance. Factors such as capital shortage, over-leveraging, and land availability contribute to the slowdown.
The Mumbai property association is challenging the revised property tax calculation method, seeking a fair resolution that considers property owners' financial capacity.
In response to RBI's new loan policy, developers are introducing offers and freebies to attract buyers amid an economic slowdown and unsold inventories.
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.
Mumbai's rental values dipped slightly in Q3 2023, with Lower Parel, Thane, and Navi Mumbai seeing the most leasing activity. Key business districts witnessed a decline in commercial leasing.
MHADA plans to redevelop Motilal Nagar Housing Colony in Goregaon, offering 600 sq ft flats to existing residents and constructing 32,000 additional affordable units.
Mumbai commercial realty outperforms NCR, offering higher investment returns, according to Knight Frank. This is attributed to favorable business conditions, talent access, and connectivity.
Cadbury India to sell Mumbai HQ for Rs.450 Cr, citing need for better facilities
IIFL to raise 2 new real estate funds for residential & office space projects
Thomas Cook to monetize 32 Indian realty assets, worth up to ₹300 Cr, to reduce debt.
Salman Khan owns Gateway Apartment, a luxurious residence in Bandra worth Rs.110 Cr, housing his family and exhibiting exceptional design and amenities.
The housing sector is expected to face a supply shortage this year, with under-construction projects progressing slower than anticipated. Buyers may face delays as completion targets are unlikely to be met.
Hines Realty from the US plans to enter India's residential market through joint ventures, focusing on mid-segment housing and possibly hotel projects in Delhi-NCR and Mumbai.
According to JLL India's report, foreign retailers may delay their entry into India due to high costs and upcoming elections, impacting real estate developers and rentals.
Mumbai property rates soar 66% in four years due to land scarcity and limited supply, defying expert predictions of price correction.
Foreign retailers are increasingly targeting India for expansion, attracted by rising incomes and a growing population, with Mumbai and Delhi leading as top destinations.