According to Knight Frank, the Indian office market continues to be driven fro the thriving IT/ITeS sector. Here are their strength rankings for major cities in Asia-Pacific: Strength rankings1. Mumbai2. New Delhi3. Shanghai4. Singapore5. Hong Kong6. Bangkok7. Sydney8. Melbourne9. Guangzhou10. Jakarta11. Beijing(Strength rankings are based on 22 separate economic, demographic and property variables.)
Real Estate sector is set for an impressive growth due to India having a shortfall of 24.7 million housing units. According to HDFC’s Chief Financial Officer Keyur Shah: Affordability has gone up and the tendency to have a second-home among the youth are contributing to the spurt in demand Real estate consultancy firm Knight Frank’s [...]
According to the Indian Real Estate Report, 2007: Growth & New Destinations’, prepared jointly by FICCI and Ernst & Young. The Indian real estate has been growing at over 30% per annum for the last five years. ?The order of growth is shifting the focus of investors and developers to relatively smaller cities and hence [...]
In their report titled “Office Snapshot New Delhi”, Cushman & Wakefield suggest that limited availability of office space in suburban New Delhi has led to peripheral locations (Greater Noida, Manesar and Faridabad) gearing up to exploit the need for office and IT space in the city. Their outlook is that by quarter one of 2008, [...]
In their report titled “Residential Snapshot New Delhi”, Cushman & Wakefield have suggested sluggish purchase activity (especially in NCR suburbs). Central and South West Delhi still show stable purchase activity. Even in this time of slowdown, there are about 2600 new apartments which will be launched in 2-3 years in Ghaziabad, Noida, Greater Noida and Gurgaon. [...]
Realty had focused primarily on old and proven methods of selling house but of late the trends are changing. Internet is assuming a very major role in the real estate business. Sites with property listings are springing up everywhere. Integration of maps, videos, 3D-floor plans, virtual tours and virtual walk-through has made it possible for [...]