Unsold luxury apartments in Mumbai reach 2,300 units, with prices ranging from Rs 10 crore to Rs 23 crore, as developers adjust to consumer demand.
Bangalore real estate market tops private equity investment, receiving Rs 1,990 crore in the first three quarters of 2013. Other cities such as Pune and NCR also witness significant growth.
The public Housing Finance firm has acted against Orbit Corporation and Unitech for loan defaults, taking possession of properties and issuing notices for repayments.
Godrej Properties, based in Mumbai, has reduced its net debt by 24% to Rs 1,470 crore in the second quarter, leveraging funds from a rights issue.
Mumbai's residential market faces potential price correction in 2014 due to high unsold inventory and low absorption rates, shifting the market in favor of buyers.
Khan Market in Delhi is now India's priciest retail space, with low rental growth, lagging behind Mumbai's Linking Road, as retail demand remains stable.
Prime Mumbai properties maintain value despite falling rentals, with landmark buildings like Cadbury House and Citi Centre changing hands. Investors favor leased properties with strong track records, impacting even suburban markets.
Housing prices rose up to 6% in 12 Indian cities, while 10 cities saw a decline of up to 9% in Q2 FY24. Delhi-NCR experienced a 5% dip QoQ but a 7% YoY surge.
DLF achieved Rs 2,684 crore in sales bookings during H1 FY14, surpassing the previous year's figures. Experts commend DLF's strategic focus on premium, high-margin projects.
BMC to demolish illegal Campa Cola flats after May 31, 2015, despite monsoon season. Residents seek legal options as state government rejects ordinance, leaving them with an uncertain future.
Mumbai's redevelopment policy undergoes changes, offering more profits to developers and residents. Larger clusters mean bigger flats and easier negotiations.
The Supreme Court upheld the May 31 deadline for vacating illegal constructions in Mumbai's Campa Cola compound, leaving residents with a six-week notice to submit vacation undertakings.
Credai Maharashtra praises state's decision to reserve 20% of flats for the weaker section in developments on one acre of land. The policy aims to reduce slums and provide affordable housing.
MMRDA plans to sell 2,500 low-cost flats in Thane and Vasai-Virar, contributing to affordable housing initiatives for economically weaker sections.
Prime Minister Manmohan Singh prioritizes the Navi Mumbai airport project, ensuring compensation for affected individuals while addressing infrastructure challenges in Maharashtra.
Maharashtra legislator Vinod Tawde and NCP leaders respond to Supreme Court's stay on Campa Cola housing demolition till May 2014, calling for proper regulations.
A recent survey of India's top cities reveals a struggling real estate sector with substantial unsold inventory, particularly in Delhi-NCR, Mumbai and Bangalore.
Experts predict that a decline in office space supply will pressure rental values, while corporate relocation and economic factors affect demand across major cities.
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.
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.
Mumbai residential buildings at high fire risk, with 90% violating safety guidelines in recent inspections.
Over half of Mumbai's 40 malls struggle with low footfalls and high vacancy rates, impacting retailers and highlighting design flaws and brand inadequacy.
The report highlights the fluctuations in mall vacancy rates across various Indian cities, influenced by leasing activity and the supply of new retail spaces.
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.
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.