Real Estate Prices Showing Downwards Trend
Posted on February 28, 2008
Filed Under India Property Trends | 6 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.
- 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 down 5-10 %
- Chennai and Kolkata: no change
This could be a direct effect of the stock market turmoil.
Strong Real Estate Demand in India
Posted on December 18, 2007
Filed Under India Property Trends | 2 Comments
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 | 1400 |
| Commercial Office Space | 265 |
| Hospitality | 110 |
| Retail | 110 |
Top 10 most expensive cities in the world to setup office in
Posted on November 23, 2007
Filed Under World Property News | 7 Comments
Office prices are touching the sky and there are two Indian cities featuring in the list of top 10 most expensive places to setup office in. Here is the list with rental rates in USD/sq. ft.)
- London (West End) : 329
- Mumbai : 190
- London (City) : 181
- Moscow : 181
- Tokyo (Inner Central) : 179
- Tokyo (Outer Central) : 154
- Paris : 127
- New Delhi : 127
- Dublin : 114
- Hong Kong : 106
Source: (CBRE Half Yearly Survey on global rates)
Mumbai is the second most expensive place in the world to setup office
Posted on November 23, 2007
Filed Under India Property Commercial | 3 Comments
According to CB Richard Ellis’ half yearly survey on global rents, Mumbai is ranked second in the world (after London’s West End) in terms of cost of office.
Mantri Developers in advanced stages of negotiations with Hyatt
Posted on November 23, 2007
Filed Under Hospitality | 4 Comments
Mantri Developers is planning to enter the hospitality sector with a bang and is said to be in advanced stages of negotiations with Hyatt for three hotel properties in south India.
Sushil Mantri, MD Mantri Developers said:
As part of our hospitality foray we intend to have six hotels operational, in the four-star and five-star categories, by 2010. To start with we will construct hotels in Bangalore and Hyderabad. Each would be 200-room plus luxury hotel. We are to rope in a hospitality partner shortly.
Collection of architectural designs by top Indian Architects
Posted on October 31, 2007
Filed Under General, India Property Trends | 4 Comments
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Proposed 36 Storey Business Park, (VUDA) Visakapattinam by OCI Architects. |
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Star Temple, BHIWANI by Semac India Pvt. Ltd. |
| Continental Hospital, Dhaka Bangladesh by C.P. Kukreja and Associates | |
| Securites & Exchange Board Of India-BKC,Mumbai by Hafeez Contractor | |
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U.B.Group-Bangalore |
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| Proposed Corporate office by | |
| Suryavardhan Mall, Chennai (Under Construction) by |
Top Builders in Bangalore
Posted on October 31, 2007
Filed Under India Property News, Real Estate Bangalore | 12 Comments
Here is a list of some of the good builders in Bangalore:
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Sobha Developers |
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Mantri Group |
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SJR Group |
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Prestige Group |
| Puravankara Group URL: http://www.puravankara.com |
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Brigade Group URL: http://www.brigadegroup.com |
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Salarpuria Group URL: http://www.salarpuriagroup.biz |
| India Builders Corporation (IBC) Group | |
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Adarsh Group URL: http://www.adarshdevelopers.com |
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RMZ Corp |
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