Luxury home prices falling in Hong Kong; project growth in the south and east of the UK; and India’s subdued market, in the this week’s Market round-up.
Global hospitality brand Four Seasons Hotels and Resorts this week announced plans to partner with National Capital Region-based real estate firm 3C to manage branded residences at the Delhi One project in the Indian city of Noida.
The economic pedestal on which India has stood for the last two decades has started to look somewhat shaky of late as the country attempts to tackle increasing inflation rates, spiralling GDP growth and a looming currency crisis brought on by the global downturn.
One of Singapore’s wealthiest families recently announced plans to enter India’s high-end property market. The Jumabhoy dynasty, now in its third generation, have floated a Indian real estate company Raffles Residency Pvt Ltd toconstruct Raffles Park in Whitefield development, situated in the heart ofIndia’s IT capital Bangalore The development, which will reportedly cost an estimated [...]
The Trump Organization this week announced a partnership with Mumbai-based Lodha Group to develop Trump Tower Mumbai in the grounds of the recently announced 17.5-acre The Park project in the city’s Worli locality.
The number of luxury property purchases in Mumbai’s southern district, known locally as SoBo, accounted for only 10 percent of total real estate transactions in the last 12 months, according to the city’s real estate agents.
New Singapore tax restrictions squeeze property owners, while India bans overseas real estate purchases.
Wells Fargo, a US-based financial company, shuttered its real estate investment arm in India due to poor returns on investments.
Boasting the world’s second-fasted growing economy, India is seldom out of the financial spotlight. This was certainly the case last week when the rupee crashed to a record low and talk of a currency crisis was rife.
One of South India’s largest property developers, The Prestigious Group, recently unveiled its latest development Prestige Royal Gardens. The luxury project, located in North Bangalore’s Yelahanka, is situated on 22.5 acres and includes one, two and three-bedroom units. “We are happy to announce the launch of our next major project in the city, one that [...]
Recently the Central Government approved the Real Estate (Regulation & Development) Bill, which is ready to be introduced in Parliament during the Monsoon Session.
by Namrata Kohli Legendary hospitality designer Tony Chi was in Gurgaon, New delhi’s upscale satellite city recently to unveil his plans for the grand hyatt residencies there, which is being developed by Ireo, India’s first and largest private equity fund dedicated to the real estate sector. “I design to arouse people’s consciousness,” says celebrity interior [...]
Despite the dull mood in the Indian real estate market and a general slowdown in sales, record transactions continue unabated for upscale properties in the country’s capital. Super prime properties in New Delhi’s prime areas seem immune to recession, a point proved by a recent spate of high value transactions.
It’s practically impossible to avoid the almost daily news updates announcing the entrance of yet another globally-renowned high-end brand into the Indian market. From the high-streets to high-rises, luxury is taking the world’s fourth largest economy by storm. Just this week it was announced that developers are planning to invest in luxury malls after seeing [...]
Developers in India are setting aside up to 40 percent of mall space for luxury brands following the success of the mixed use retail model used in Southeast Asian countries.
by Namrata Kohli New Delhi’s satellite city shot into prominence as an outsourcing hub for many global Information Technology (IT) and IT Enabled Services (ITES) companies and today serves as North India’s commercial centre. Backed by a strong corporate and industrial base, Gurgaon (also called the Millennium City), has emerged as an independent micro-market from New [...]
According to channelnewsasia.com, CapitaLand, South East Asia’s largest property developer, is reassessing its investments in India, the Middle East and London. In addition, Today reports that the property developer is also re-assessing its stake in its Australian subsidiary company, Australand. It is possible that the Singaporean company will divest some of its investments in office, [...]
Asia One Business has reported that the demand for office units and occupancy in the Asia Pacific region will continue to remain robust in 2013, even though the rapid growth in demand in the region is beginning to ease off. This prediction is based on the most up-to-date research report, Asia Pacific Office Market Forecast [...]
In the second quarter of this year Hong Kong home prices saw the strongest quarterly growth since Q3 2009, according to new data from Knight Frank. Elsewhere in the region, the major mainstream markets saw positive price growth with China, India and Indonesia performing particularly well, said the consultancy. Quarter on quarter price growth jumped [...]
A new city spanning 125 acres in North Bangalore, India, has been launched by real estate and infrastructure development company Bhartiya Urban, part of the Bhartiya Group, with input from global architecture, urbanism and design practice Broadway Malyan. Bhartiya City is the largest urban development within the limits of any Indian metropolitan area and will [...]