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 [...]
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 [...]
Golden Gate Properties have launched an affordable residential apartment project in Bangalore named Commune. (Source: thecommune.in)
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 [...]
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): Gurgaon: 15% decrease in prices of plots Noida: 20% dip in plot prices Delhi: Friend’s Colony, GK I and [...]
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. Mumbai: prices seem to be steady but the property registrations dropped by 8% Delhi: prices down by 5-10 % in NCR Hyderabad: prices down 5-10 % Bangalore: prices [...]
According to Cushman & Wakefield, the total real estate demand over the next five years from 2007 is expected to grow to approximately 1900 million sq. ft. across the commercial, retail, residential and hospitality segments. The bulk of the requirement being in residential segment. Here is a detail breakup: Type Requirements (million sq. ft.) Residential [...]