IL&FS to launch residential apartment project near Maytas Hill County
Financial services major, IL&FS Infrastructure Leasing and Financial Services Limited, has plans to invest Rs 150 crore in developing a residential apartment project near ‘Maytas Hill County’ located on the outskirts of Hyderabad.
AIG PE provides lifeline to RMZ's stalled project in Hyderabad
AIG Global Real Estate, the New York-based private equity fund, has bought out 50% stake of RMZ Corp's in their stalled joint venture mall project in Hyderabad.
Fitch’ India Ratings revises real estate outlook from negative to stable
Finally a good news to begin the New Year. India Ratings & Research Pvt Ltd (A Fitch Ratings arm) has revised its outlook for the Indian real estate sector to stable for 2013, from negative in 2012. The agency however foresees signs of improvement, in terms of stability of margins and the easing of liquidity pressures, with free cash flows turning positive since H2FY12.
Non-metro Indian cities see double-digit growth in housing prices
Non-metro cities such as Jaipur, Pune, Lucknow and Ahmedabad saw a double-digit growth in residential property prices in the second quarter of 2012-13 against the corresponding quarter last year.
The inevitable exodus from Chennai city to suburbs
The suburbs in Chennai are most likely to become the crowd puller with change in trend with increased move towards the outskirts. However, lack of social infrastructure in the city suburbs continue to keep city-based properties attractive. The severe lack of social infra in these areas result in inadequacy of social facilities like schools, malls, multiplexes, restaurants and supermarket...
Reality markets in Bangalore and Chennai show stability, Bangalore a notch higher than Chennai
Realty market in Bangalore and Chennai show stability with Bangalore showing more maturity than Chennai. As per Jones Lang Lasalle India, a global real estate services firm, the growth of the real estate sector in both cities, Bangalore and Chennai has been exponential in the recent years.
Property tax collection increasing in PCMC
Pimpri Chinchwad Municipal Corporation’s (PCMC) property tax department collected Rs 167 crore in the current financial year.
Real estate prices, rentals see notable rise in Pimpri-Chinchwad
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 realty arm slaps legal notice on RMZ Corp
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.
Developers in B’lore sees PE fund of upto Rs 400 crore
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.
B’lore luxury homes segment becomes ‘billion dollar market’: Jones Lang LaSalle
Managing Director of Jones Lang LaSalle India, Bangalore & Kochi, Karun Varma said that Bangalore’s luxury homes segment has become a ‘billion dollar market’.
States told to create land banks to fast-track NIMZs
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...
Banks have cut down lending to real estate sector, Knight Frank
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.
Indian property market to remain stable in the near future: Knight Frank
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.
Foreign investors keen on investing in Indian real estate market: Jones Lang LaSalle
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.