All Entries in the "India" Category
Demand for housing on the rise after flood
Housing demand in both flooded and non-flooded locations in Bangkok is returning to normal in the second quarter, according to Pruksa Real Estate Plc (PS). Pruksa, the country’s largest developer, had THB5.62 billion (US$180.4 million) in presales, THB4.67 billion (US$149.9 million) in revenue and THB633 million (US$20.32 million) in net profit in the first quarter [...]
India and sustainable real estate – miles to go but getting there
The real sector has emerged as one India’s largest drivers of economic growth. As a sector, it provides large scale employment and contributes significantly to the GDP. For decades, environmentalists have been warning that frenetic human economic activity associated with the breakneck speed of economic growth is placing a huge strain on the earth and its natural resources.
Serviced apartment sector expands in India…By Namrata Kohli
Serviced apartments are increasingly competing with hotels in India’s main business and travel hubs.
India’s tallest residential tower launched
India’s tallest residential complex has been launched in Mumbai. Towering 1000 feet above sea level, the World Towers are set in an 18-acre expanse at Lodha Place in Mumbai’s urban centre Upper Worli. Lodha Place has been conceived as a world-class district, on the lines of London’s historic Eaton Square and Tokyo’s contemporary Roppongi Hills. [...]
Skyscrapers linked to financial crashes
There is an “unhealthy correlation” between the building of skyscrapers and impending financial crashes, according to analysts at Barclays. The world’s first skyscraper, the Equitable Life building in New York, was completed in 1873 and coincided with a five- year recession. The pattern continues throughout history. The Empire State Building coincided with the Great [...]
International real estate expansion halted for Indian companies
Indian real estate companies who started international ventures in 2006-07 are revising their overseas agenda. With a decline in international realty, many domestic developers are retreating from weak markets or putting on ice global plans. This re-assessment of development strategies has not come lightly. For example, the Raheja Group has decided to pigeonhole plans to [...]
Tough year ahead for India real estate
The Indian real estate market in 2011 was no dull affair with relentless rises in property and interest rates, controversies over land acquisition and various reform proposals. Yet 2012 is expected to be no different. Global economic uncertainties, a depreciating rupee and high interest rates are going to affact the country’s economy including the real [...]
Falling rupee spurs non-resident investment in property
Non-resident Indians are snatching up property in their home country at rates 25-30 per cent higher than just two months ago, property developers are saying, as the rupee has fallen about 20 per cent against the US dollar since August. NRIs are typically paid in foreign currency, lending them increased buying power as the rupee [...]
Mixed outlook for office markets in Asia Pacific
Preliminary data from Jones Lang LaSalle shows that grade A office rents will fall in Hong Kong and Singapore in the fourth quarter (Q4) of 2011 and will grow more slowly elsewhere in Asia Pacific. Jones Lang LaSalle’s market leasing experts predict that Hong Kong and Singapore are entering a rental level correction phase, with [...]
Indian realtors are looking at price cuts to stay in business
Prices for real estate in India are expected to decline by 25 per cent in the upcoming quarter, according to market observers. The Royal Institution of Chartered Surveyors (RICS) says that the market is currently over-heated, after a strong growth in recent years, which has since slumped due to the global economic uncertainty. The consequent [...]
