Pimpri Chinchwad Municipal Corporation’s (PCMC) property tax department collected Rs 167 crore in the current financial year.
Real estate prices across all sectors in areas under the Pimpri Chinchwad Municipal Corporation (PCMC) have risen considerably as these areas have witnessed improvement in infrastructure. In the same league, the number of properties going on rent has also seen a considerable rise.
AIG Global Real Estate India Advisors, an Indian arm of AIG's global real-estate business, has served a legal notice on Bangalore-based developer RMZ Corp for failure to let it exit its investment in a stalled joint venture mall project in Hyderabad.
The property market has seen private equity (PE) investments of at least Rs 400 crore flow into Bangalore-based developers in the last two months.
Managing Director of Jones Lang LaSalle India, Bangalore & Kochi, Karun Varma said that Bangalore’s luxury homes segment has become a ‘billion dollar market’.
The Centre has asked the state governments to create land banks to fast-track the proposed national manufacturing zones and boost industry. The national manufacturing policy envisages mega industrial townships of at least 5,000 hectares to push up the share of manufacturing in GDP to 25% by 2025 from the current near 14%. The government has already notified nine zones in Haryana, Uttar P...
A report, ‘Economy & Realty @ Glance’ for August 2012 from real estate consulting firm Knight Frank India states that the waning interest of the banking sector towards commercial real estate lending has been reflected in a decline in the loan exposure growth rate. This mean that banking institutions have cut down on their advances to the real estate sector.
Global property consultancy services firm, Knight Frank's proprietary partner and head of global residential agency, Lord Andrew Hay said that Indian property is likely to remain stable in the near future even as prices in some of the international markets may fall 10-20% in the next 18 months.
Jones Lang LaSalle CEO Colin Dyer on Tuesday said that foreign investors are looking at investing in Indian real estate market on a selective basis.
Residential property prices in 16 Indian cities have shown an increasing trend. The prices ranged from 1.1% in Kochi to 10.5% in Pun
Godrej Properties, the real estate development arm of Godrej group has signed an agreement to redevelop a residential property of a private society in Ghatkopar, Mumbai.
Property developers are planning several township projects in Chennai, with a number of apartment amenities in the coming months. The city will see a string of township projects by property developers of national stature under execution and nearing completion.
According to Cushman & Wakefield (C&W), a global real estate consultancy, Cushman & Wakefield (C&W) new launches of residential property across major cities has fallen by nearly 44% to 17,500 units in the second quarter of 2012. Mumbai saw the sharpest fall of over 200% in new launches, followed by Chennai at 47%, Kolkata at 29% and NCR and New Delhi at 24% respectively. ...
Residential property market in Mangalore is witnessing a fall, which has declined across all segments in the city by 10% to 25%, after seeing a high in the recent past.
Realty major Godrej Properties has secured commitments of Rs 770 crore ($138 million) from a group of foreign investors, led by Dutch pension fund manager APG and also including asset management firm Sparinvest Property Investors, for a residential property development platform.