Residential Real Estate Prices to go down by 5 to 10%

Posted on November 20, 2008

Filed Under India Property Residential, Residential Projects, Bangalore | Leave a Comment

Scarce buyers and people waiting for prices to come down has forced property developers to reduce the prices of houses by 5 to 10%, a move which they feel will bring people out who have wait and watch attitude.

The premium properties that cost over INR 3000/- per square feet will come down by 10% and the affordable housing sector will see a reduction in price by 5%.

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Puravankara Projects lays off 100+ civil engineers

Posted on November 20, 2008

Filed Under India Property News, Real Estate Bangalore | Leave a Comment

Completion and near completion of major big projects of Puravankara and lack of market response (due to which no new projects planned) are being quoted as the reasons for laying off over 100+ civil engineers.

Earlier DLF and Omaxe had taken similar steps.

Puravankara which employs over 750 people is going ahead with its "affordable housing" project.

Lehman Realty Assets in India

Posted on September 19, 2008

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Recent collapse of Lehman has the Department of Industrial Policy and Promotion (DIPP) and the Reserve Bank (RBI) meeting soon to discuss the situation.

Lehman has $500 million investment in Indian real estate projects. Lehman invested $200 million last year in DLF promoter group company DLF Assets. It has also invested $80 million in Bangalore based SEZ Gandhi City and 40% stake in an IT park project of Peninsula Island in Hyderabad for Rs. 50 crore.

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The Commune: Affordable Residential Project in Bangalore by Golden Gate Group

Posted on September 17, 2008

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Golden Gate Properties have launched an affordable residential apartment project in Bangalore named Commune.

The Commune - Residential Project in Bangalore by Golden Gate Properties (Source: thecommune.in)

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Donald Trump to debut in India with a 47 storey residential project in Bangalore

Posted on September 17, 2008

Filed Under India Property Residential, Real Estate Bangalore, Residential Projects, Bangalore | Leave a Comment

A 47-storey branded high rise luxury residential project in the heart of Bangalore will mark the grand entry of American real estate tycoon Donald Trump in India.

It will cost a whooping 500 crore rupees and will have 16 condos and 3 duplex-penthouses each priced between Rs. 25-40 crore. The condos will have 7 bedrooms and will occupy over 7000 sq. ft. The duplex penthouses will be around 9000 sq. ft. and a sky garden of 4000 sq. ft.

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Real Estate Price Fall by 15-20% in Q1 2008

Posted on May 13, 2008

Filed Under India Property Residential | 2 Comments

The residential real estate market all across the country has witnessed a revision in price in the first quarter of 2008. The prices have come down by 15-20%.

Here are some trends (city and area wise):

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Real Estate Prices Showing Downwards Trend

Posted on February 28, 2008

Filed Under India Property Trends | 5 Comments

In th February 24, 2008 issue of Business Today, there was an article on how real estate prices seem to be correcting and showing a downwards trend.

This could be a direct effect of the stock market turmoil.

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