Housing demand in tier-II and tier-III cities plummeted by 35% in the first half of the fiscal year, primarily due to increased borrowing costs, as per Assocham's assessment.
Maharashtra's slum rehabilitation scheme faces challenges due to the real estate market slump, impacting developers' profitability and project timelines. SRA CEO remains optimistic, citing potential demand for cheaper flats.
Real estate developers are offering attractive discounts and deals due to a market slowdown and liquidity crunch, despite putting on a brave face.
Vijay Raheja has launched the Verena luxury villas in Bangalore, with plans for more developments despite market challenges post family business split.
Bangalore's central mid-range residential rentals surge by 8-10% due to fewer new projects from leading developers, while eastern and southern areas face an 11% and 4% drop, respectively.
The commercial real estate market faced challenges in Q2 2008, with stagnant office demand amid cautious company expansions, according to Cushman & Wakefield's report.
Assocham projects $21 billion FDI surge in Indian real estate over next 10 years, driven by high expected returns and anticipated regulatory changes.
Small developers are forced to sell projects to larger ones due to severe cash crunches, especially in tier II cities and metros.
Wipro Infotech secures a decade-long IT project from Lodha Group worth Rs. 1.3 billion for services in India and the Middle East.
A slowdown in real estate is observed, with residential transactions down 20-25%, while Mumbai experiences high demand despite challenges from rising interest rates and inflation.
Amidst a real estate slowdown, K Raheja Universal and Lupin's land deal in Boisar, Thane has collapsed due to market insecurity. Lupin denies real estate interest, focusing on its pharmaceutical business.
Indian real estate market slump impacts London's AIM-listed property funds, with negative returns and decreased market capitalization for developers like Unitech and Hirco.
Real estate market faces short-term challenges but strong long-term investment potential with expected $7 billion fund inflow.
Asian property investment hit a record $121 billion in 2007, a 27% year-on-year increase, despite the global credit crunch.
Government policies are pushing for green buildings in Asian real estate markets. Driven by regulations, incentives, and market changes, green building growth is influenced by corporate social responsibility and tenant preferences.
Land prices decline across major Indian cities, with drops between 10-50% due to market slowdown and reduced deal volumes.
Sigrun is negotiating a substantial deal with an Israeli company, focusing on residential real estate and exploring international cooperation opportunities.
Real estate markets experiencing significant price drops across major Indian cities, with residential values declining in metros.
Real estate developers are offering incentives like "No EMI till possession" and "EMI holidays" to boost sales amid a sluggish market. These offers aim to attract end-users by easing the financial burden until project completion.
Vacancy rates are rising in Bangalore and Chennai's tech hubs as IT companies seek new locations, causing concern for real estate developers.
Chennai's residential flat sales decline due to high prices, impacting middle-class buyers. New apartments range from ₹70 lakh to ₹1 crore, exceeding affordability.
The Kolkata real estate market faces stagnation in the residential segment, with ongoing price stability despite an increase in construction costs and delayed project launches.
Bahraini firm Acacia Real Estate buys 49% stake in Noida's Logix TechnoPark for $69 million, projecting a 24% annual return for investors.
RBI's decision to hold interest rates steady has disappointed the real estate sector, which is grappling with a housing slowdown. Industry experts express concern over high mortgage costs and anticipate varied impacts across markets.