Sobha Drops Prices Further

With the recent 8% slash of prices by Sobha Developers not giving them much gain and DLF dhowing the way with 30% price cut for its Bannerghatta properties, Sobha has further slashed prices!

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

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 […]

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

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 […]

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

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 II and Hauz Khas […]

Revised Rent Law to Address Landlord Concerns

Government of India is planning on bringing modified rent control norms in favor of the landlords to address their following concerns:

forceful occupation of the property by tenants
provision to revise the rent as per the market situation after certain time period

The new model will set a “standard rate” which would be the floor rate for […]

Residential Market Summary for Delhi NCR - September 2007

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.

Gurgaon has […]