Commercial Sector Booms with Service Sector Growth
Growing service sector of India drive the demand for commercial real estate. Real estate research firms reported that Service sector of India showed a greater pace of growth rate of 8.5%. This will result in the increased demand for more commercial real estate space. In 2011 service sector occupied 70 % of office space and this is likely to be increased this year. Continue reading
Anti Corruption Campaign By CREDAI.
CREDAI– Confederation of Real Estate Developers Association of India has asked the members not to bribe officials as part of their anti-corruption policy. This warning is resulted from the hurt feeling caused by the growing allegations on real estate corruption. Continue reading
Vadra, Son in Law of Congress Prez. Ms. Sonia Gandhi, is a much popular name among the politicians than the real estate dealers. Accusation of building a real estate empire with the help and support of DLF made his name known and discussed among the real estate field. Documents of IAC showed that Vadra’s real estate empire is built on soft loans handed out in unusual circumstances. This rumor shook his real estate empire but was not able to haul it down. Continue reading
Securities and Exchange Board of India (SEBI) approved two more entities with the view of setting-up Alternative Investment Funds (AIFs). AIFs are regarded as newly created class of pooled in investment in private equity (PE), other hedge funds. This will invite real estate investment also. Continue reading
Jones Lang LaSalle (JLL) India forays into the retail real estate India market with the company’s tie up with Everstone, one of the leading Private Equity (PE) firms and real estate advisors of India. Both the companies will collaborate in the construction and launch of four shopping malls at four main cities of India namely Vadodara, Kochi, Pune and Ahmedabad. These shopping mall projects are to be finished by 2017 or within a span of five years. Continue reading
India’s Sobha Developers plans to start a new project in the most flourishing land of Dubai. This project is estimated at an amount of $3 Billion. Sobha Developers will invest in Dubai Meydan Project which worth $3 billion. Sobha Developers is one of the multinational real estate firms of India. Sobha Developers have announced that it would start work on the Meydan City Project by early 2013 and so it will become one of the 2013 new projects. Continue reading
The higher financial stress of the Government makes them think of selling or leasing of the surplus land. This will provide more land for construction in metropolitan cities like Delhi, Kolkata, Mumbai and other such notable cities of India.The decision will boost the real estate growth. Realty firms are sure to cast their hawk’s eye on this land and make the profit out of it. Continue reading