Chennai's real estate market shows stability, particularly in residential sales, compared to Bangalore. High demand and limited supply in city centers drive higher rentals and property values, attracting investors.
India's real estate sector must focus on energy-efficient constructions to alleviate power shortages, potentially saving billions by 2020, as reported by NRDC and exemplified by Andhra Pradesh's building efficiency code.
CREDAI urges faster environmental clearances to meet the rising housing demand. Lalit Kumar Jain highlighted project delays due to the Ministry of Environment.
CREDAI anticipates a 20% rise in housing sales in major Indian cities, spurred by lower interest rates. They also address environmental clearance delays.
Real estate secures the top spot as India's preferred investment choice, surpassing gold and silver, due to economic uncertainties and rising rural incomes.
Motilal Oswal plans to raise a 500-crore residential real estate fund, IREF-II, offering debt and equity funding. Despite a market dip in PE investments, they aim for a 25-27% return over four years.
West Bengal government plans to allow real estate builders to resume construction of townships after a six-month halt. The state may grant 14Y clearance for projects if 51% is set aside for commercial purposes.
Private equity (PE) firms, once major real estate investors, now seek exits due to low returns. Over-optimism and soaring valuations have led to challenges, prompting caution.
Bangalore real estate sees continued price increases due to IT boom, BPO sector, infrastructure, and migration. Experts advise buyers to wait for prices to stabilize.
Suburbs are now preferred for real estate investment due to changing lifestyles and job availability. Gurgaon and Noida exemplify this trend, offering quieter, cleaner, and more relaxed environments.
The depreciating rupee has increased demand for residential properties from NRIs, particularly in Mumbai. Developers are also offering discounts due to liquidity concerns, making properties more attractive.
Pune's real estate market has attracted significant private equity investment, primarily in the residential sector, driven by the city's IT industry growth and proximity to Mumbai.
Bangalore transformed from a seasonal racing town to a year-round economic hub after becoming the capital of the Kannada state. It faces infrastructure strains due to rapid growth.
Mumbai faces longer sales times for its 1.13 lakh unsold units due to high prices, despite having fewer unsold units than Delhi NCR. Rate cuts by RBI could boost sales.
DLF shares increased by 3.2% after Goldman Sachs upgraded the stock's rating to "buy", citing increased residential launches and commercial property recovery.
RBI's annual Credit Policy sparks optimism in the affordable housing segment, with realtors hopeful for lowered interest rates. However, concerns over inflation persist.
Piramal Realty acquires Gulita property in South Mumbai from Hindustan Unilever for R452Cr, plans to develop high-end luxury apartments.
JLL India predicts marginal appreciation in residential unit prices over the next 6 months, driven by improving affordability and demand, despite current market slowdown.
Real estate developers clash with Maharashtra government over mandatory 20% EWS housing reservation in new projects.
Gulshan Homz announces the launch of Gulshan Ikebana, a luxurious residential project at Sector 143B, Noida Expressway, featuring extensive high-rise apartments and numerous amenities.
Real estate developers anticipate Union Budget 2012 to bring pragmatic provisions, including increased infrastructure funds for housing and removal of service tax on residential construction.
CCI accuses DLF of unfair conditions on Magnolia home buyers in Gurgaon, echoing previous cases.
NRIs are investing in residential real estate in large Indian cities, drawn by financial stability and a desire to stay connected to their motherland. This trend is driven by both emotional and investment motives.
Jaipur Tourism City, a 400-acre mixed-use destination resort, promises to be India's first vacation city featuring retail, hotels, attractions, and residential spaces.
DDA simplifies lift installation in Delhi apartments, easing the burden on residents. No longer needing unanimous consent, most flat owners' approval suffices.