Serviced apartments are increasingly competing with hotels in India’s main business and travel hubs.
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. [...]
Experts are foreseeing a large growth in the Indian property market, with current values projected to multiply five or six times over the next five years. Malaysian Deputy Minister Datuk S.K. Devamany is urging his countrymen to invest in Indian land now and take advantage of its strong future, according to Bernama. Speaking at the [...]
In a groundbreaking move for buyers’ rights in India, the Competition Commission of India is forcing property firm DLF, and its owner Kushal Pal Singh, to pay a fine of US$138 million for delaying the completion of a high end housing development on the outskirts of New Delhi. The penalty represents about 7 per cent [...]
An Indian family in Mumbai is refusing to move from their home to clear the way for a luxury property tower to be built by Donald Trump. The Panvalkar family says they won’t budge from their first-floor apartment in a building tapped for demolition because Trump’s local partner refuses to give them alternative housing. Property [...]
The definition of premium housing has changed along with Bangalore’s expanding information technology industry, writes Karun Varma of Jones Lang LaSalle India.
Demand for residential real estate will “go through the stratosphere” over the coming years, writes Anuj Puri, chairman and country head of Jones Lang LaSalle India.
Both stocks and real estate allow investors to participate in long-term appreciation of values and should be included in a balanced investment portfolio, writes Ramesh Nair of Jones Lang LaSalle india.
Lowered prices in Mumbai’s residential real estate market can be considered a correction from the highs of 2010, writes Sunjay Dutt, CEO of Business at Jones Lang Lasalle India.
Mumbai property prices could decline by 35 per cent over the next two years due to high interest rates and record house prices, according to Liases Foras Real Estate Rating & Research Pvt. Pankaj Kapoor, Mumbai-based founder of Liases Foras said the Indian capital’s residential property market will deteriorate in the coming two years until [...]
Ramesh Nair, Managing Director West India of Jones Lang LaSalle India, has some ideas about how oversupply and high vacancy rates can be remedied in Mumbai’s commercial property market.
Mumbai home prices may decrease by as much as 15 per cent over the next nine months as record high prices deter buyers, brokerage Edelweiss Securities Ltd said. “The festival season of September-November, which typically accounts for a significant chunk of sales volumes in Mumbai, has been a dampener with tepid sales in new projects,” [...]
Donald Trump’s privately owned real estate company, Trump Organisation, has announced plans to enter the Indian property market beginning with the construction of a Trump Tower in Mumbai. Trump Organisation will work with local developer Rohan Lifescapes on the luxury residential project, which will be Donald Trump’s first real estate venture in India. The 3,000,000 [...]
Survey of international real estate professionals ranks Indian cities as property hot spots.
The U.S. Federal Reserve’s plan to expand stimulus by buying an additional US$600 billion of Treasuries will fuel potential asset bubbles in emerging countries with strong growth that don’t have capital control measures, Nobel Laureate economist Joseph Stiglitz said recently at the MIPIM Asia Conference in Hong Kong. “I do have worries on countries like [...]
Joy Sanyal, head of Development Initiatives at Jones Lang LaSalle India, writes that a sudden dip in prices in the Mumbai property sector is highly unlikely and that many investors believe that investing in a flat in the city will always be profitable.
The Reserve Bank of India reported upward spirals in Delhi and Bangalore, while noting that prices appear to have reached a plateau in Mumbai.
Anuj Puri of Jones Lang Lasalle India says that running a real ethical business involves more than simply not breaking the law.
Sobha Developers Ltd is planning the launch of a US$107 million luxury project in a New Delhi suburb.
Ansal Properties and Infrastructure Ltd reported a nearly four fold jump in net profits on the back of higher sales and price realisation.