Navi Mumbai emerges as top destination for commercial real estate investment, offering competitive prices and growth opportunities.
Piramal Sunteck Realty acquired two plots in Navi Mumbai for residential and commercial development, with three others sold to different developers.
Real estate firms are engaging in joint developments amid a significant drop in apartment sales and rising inflation, with experts predicting rising land values in select areas.
Indian Hotels Company plans to invest Rs 1,800 crore in growth, including new airport hotels and international associations, and plans for a strategic focus on standalone properties.
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.
Four hotel chains bid for a five-star hotel plot in Navi Mumbai amidst falling land prices in Mumbai and surrounding areas.