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.
Vastubodh Projects secures ₹40 crore from Avenue Partners for affordable housing projects, particularly AnandGram, to boost their development efforts in Pune.
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.
Godrej Properties plans to raise ₹700 Cr through a rights issue to fund new and ongoing projects across key Indian cities. The company aims for growth despite previous market sluggishness.
Home sales across major Indian cities continue to plummet despite developers offering incentives, with Hyderabad experiencing the steepest decline of 46%.
Bangalore leads India with seven housing projects for seniors, surpassing other cities like Chennai and Pune, according to a JLL report focused on senior housing development.
PMC postpones proposal to reduce property tax discount from 10% to 5% for 2 months
House of Patels Group plans to develop a luxury residential or hotel project in India, potentially collaborating with Ritz Carlton.
Steelcase, a US-based furniture company, leased 50,000 sq. ft. of office space at IndoSpace Industrial and Logistics Park in Chakan to set up its first production unit in India.
The MCHI-CREDAI Property Expo 2013 in Mumbai has seen a huge turnout of buyers, indicating robust interest despite market challenges, showcasing over 15,000 properties.
Bangalore and Mumbai dominate private equity real estate investments in India, attracting over 84% of total funding, while Delhi's contributions remain primarily theoretical.
US real estate major Trump seeks to expand its presence in India with luxury housing projects in Mumbai and NCR.
Maharashtra government introduces e-payment of stamp duty for property transactions exceeding ₹5000, streamlining the process and enhancing security. The initiative begins in Mumbai and Pune.
SEBI warns public against dealings with two Sahara Group firms due to property attachments. Movable and immovable properties of Sahara India Real Estate Corp Ltd and Sahara Housing Investment Corp Ltd, including those of three promoters, are attached. Investors cautioned against business relations.
ICICI Venture, a major Indian private equity firm, secured approximately $700 million last year through real estate and other funds. The firm plans further investments in key Indian cities.
Cushman & Wakefield reported a 16% decline in new home launches across India's top eight cities in 2012, with the majority of launches targeting the middle-income segment.
Indian builders showcase new projects at Kuwait Property Exhibition on January 11-12, targeting NRI homebuyers with properties from various cities and attractive investment opportunities.
Blackstone is in final talks to acquire Bangalore's Vrindavan Tech Village for Rs.900 crore. The IT park boasts major tenants like Cisco and Nokia, with Blackstone aiming to capitalize on rental income.
Pune's luxury housing market shows promising growth with increased sales, contrasting sluggish trends in other cities despite economic challenges.
Ulwe in Mumbai projected for a 145% price hike, making it a top real estate investment destination along with other cities like Pune, Bangalore and Delhi-NCR.
Pune's office space demand remains largely stable, driven by IT and ITES sectors. Experts anticipate absorption to reach 4 million sq. ft. by year-end, with CBD areas seeing rental increases.
Commercial real estate demand rebounded in India during Q3 2012. Bangalore led office space absorption, followed by Hyderabad and Mumbai. Rental markets remained stable.
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.
JLL India partners with Everstone to manage four shopping malls across India, enhancing retailer and customer experience.