Home Prices Sees Rise Despite Weak Home Sales

Home prices in Mumbai rose in the last quarter. Meanwhile the period was noted for lower home sales as well.

MUMBAI: Home sales are down. The real estate market is sluggish. Yet the home prices are not affected by them. It seems that the home prices are not aware of the weak home sales. Continue reading

Connaught Place & BKC among the Most Expensive Office Locations

Connaught Place in New Delhi and Bandra-Kurla Complex(BKC)in Mumbai have been counted among the top and most expensive office locations in the Asia-Pacific region.
Connaught Place: the low class business people are forced to sell their goods in the open market as offices have become hotter here.

Connaught Place: As offices have become hotter here, the number of street-marketers may increase.

According to Cushman & Wakefield’s annual survey titled ‘Office Space Across The World 2013′,  Connaught Place  in New Delhi and Bandra-Kurla Complex (BKC) in Mumbai are included among the most expensive office locations in the Asia-Pacific region. Surprisingly the list dropped Nariman Point from the top 10 list.

As per the global real estate consultant’s report, Connaught Place; where the yearly cost of office space per sq. ft. was $162, stood second in the top 10 list of the region and fourth in the worldwide list. While with $82 per sq. ft. of yearly cost, BKC ranked eighth in the list.

Meanwhile Nariman Point which was considered as one of the most expensive office locations in India was not included in the top 10 list.

Connaught Place emerged as the fourth most expensive office locations in the world. This is mainly due to the shortage of office space in the area, said Mr. Sanjay Dutt, executive MD, C&W. Continue reading