Real Estate: Housing sales in south India higher than in north & west

Housing demand and supply were higher in Bengaluru, Chennai and Hyderabad as compared to sales and new launches in the north and west regions, property consultant Anarock said.
Continue Reading

Developers need to increase sales by 2.5 times to service debt: Report

Released by real estate and analytics company, Liases Foras, the report states that the existing scenario signifies that the industry is at an inflection point and is staring at long-due price correction in order to improve sales. Continue Reading

GST-hit realty JD projects reduce 22% in 2018: Study

Chennai: Challenges posed by the Goods and Services Tax (GST) has hit joint development (JD) launches in FY18, even as share of real estate projects launched under the model has increased significantly over the years, a report said. Continue Reading

Realty sales in key markets rises by 42% to 1.36L units: JLL India

The report, titled India’s ‘Resurgent Residential Sector – A Study of Top Seven Markets’, states that new launches touched 1.6 lakh units across Chennai, Mumbai, Delhi NCR, Bengaluru, Pune, Hyderabad and Kolkata. Continue Reading

Co-living sector value in India to cross $2.2 bn by 2022: Study

Today, the shared-living market, that offers private bedrooms with common shared areas like recreational rooms, stands at $120 million (Rs 845 crore), research and advisory firm RedSeer Consulting has said. Continue Reading

Institutional investment in realty to touch $5.5 bn: Study

Institutional investment in real estate could rise marginally to $5.5 billion (around Rs 38,527 crore) before year-end, as domestic and foreign investors see tremendous growth opportunities in the Indian property market, a report has stated. Continue Reading

Indiabulls sells 50% stake in 2 office assets for Rs 464 cr

In November, the company had announced signing of a non-binding term sheet to divest 50 per cent stake in these two assets having nearly eight lakh sq ft leasable area. Continue Reading

Rental housing segment needs government intervention: Study

Released by MagicBricks, the report titled ‘Residential Real Estate’ report said, “A large population in India can`t afford buying a home and rental housing can be an alternative to such people. This is one area where the government`s intervention is required.” Continue Reading

Office absorption: Chennai, 6 other top markets to record all-time high

In 2019, the top seven markets of Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune and Kolkata together are forecast to record an all-time high net absorption of over 37 million sq ft, the level achieved in 2011, said a JLL India report. Continue Reading

Chennai is top market for CBRE: Chairman

With India being a key market, CBRE expects its local business to fuel growth and development in the country. Boasting of a robust economy and a skilled manpower, Chennai remains a crucial market for CBRE, a release stated. Continue Reading