PBEL City, a township by PBEL in Hyderabad featuring 13 residential and 2 commercial towers, commences phase I with a price range of Rs 41-52 lakh for flats. Completion estimated within 18-36 months. Targeted at IT, bank employees, aged 25-40.
Developers offer discounts, freebies, and value-added items to attract buyers amidst rising interest rates and inflation.
Indian residential investment in the UK is projected to reach £15 billion over the next ten years, driven by India's economic growth and rising number of high-net-worth individuals.
Burn Standard and NBCC plan to develop a premium housing complex on an 11-acre plot in Alipore, Kolkata. The project awaits BIFR approval and faces hurdles like relocating existing structures.
The DDA will sell 5000 flats at prices significantly lower than private developers, offering hope to prospective homeowners in Delhi amidst rising real estate costs.
Maharashtra, known as the 'Power House of India', is witnessing rapid development in both residential and commercial real estate. The state's industrial growth has boosted real estate demand in cities like Mumbai, Pune, and Nagpur.
Small builders in Lucknow face financial strain due to rising inflation, increased interest rates, and escalating construction costs, impacting project pricing and buyer interest.
Indian real estate faces uncertainty amidst global slowdown and high property prices, impacting developers and investors, though robust demand persists.
Income-tax department to closely monitor real estate transactions over ₹30 lakh, with scrutiny triggers including gross income mismatch and large cash deposits.
Mumbai's elite shifting from Malabar Hill to Bandra, with celebrities and business professionals choosing the suburban location.
Rental prices in key Indian industrial towns surge, with New Delhi experiencing a 13% increase in 2008, reflecting high demand and limited development space.
Sigrun is negotiating a substantial deal with an Israeli company, focusing on residential real estate and exploring international cooperation opportunities.
Deepika Padukone becomes brand ambassador for Dubai-based Aspire Real Estate, highlighting investment opportunities.
Real estate companies are increasingly investing in hospitality projects due to a perceived oversupply in residential and commercial markets. Driven by rising room rates and limited supply, developers view hospitality as a stable income source.
Pune property prices hiked by Rs50-400 per sq ft, but sales dipped despite builder expectations. Registration figures indicate a market slowdown, contrary to builders' claims.
Ahmedabad realtors partner with AIANA to showcase Rs 20,000 crore worth of residential and commercial projects to NRGs at the 'Chaalo Gujarat' conference in New Jersey.
Rakindo Developers plans a $1.5 billion integrated township in Coimbatore, featuring luxurious villas, an 18-hole golf course, and essential facilities, set to launch in late 2023.
The Goa government has raised stamp duty on properties and infrastructure tax, impacting beach-side home buyers, as part of the 2008-09 budget.
Amidst declining home sales, Indian real estate developers are shifting focus to the luxury housing segment, targeting NRIs and high net-worth individuals.
Real estate speculation declines in Delhi-NCR due to price stabilization, impacting developer sales and project timelines.
NRIs from Gulf countries are heavily investing in Lucknow's residential properties, driven by emotional ties and retirement plans. The 2007 Indian Property Show in Dubai highlighted this trend, with Ansal Properties' Golf Villa attracting significant NRI interest.
Indian real estate values are anticipated to surge from $12 billion to $90 billion by 2015, driven by urban demand and a booming economy.
Ahmedabad's real estate market is booming, with property prices doubling in two years, attracting investors like NRIs. Increased demand due to new companies and town planning has fueled this rapid growth.
Greater Noida Authority will soon launch a new housing scheme with 5,000 single-story units priced around Rs 30 lakh each, featuring relaxed payment terms and expandable designs.