Hines Realty To Set Foot In India, Seeks Partners

US based Hines realty is planning to set its foot in India. The American real estate firm is seeking Indian partners for developing joint ventures.

Residential market in India is one of the most charming residential markets in the world. It has been attracting investors from across the globe. Private equity investments in the Indian residential market are fine examples. Adding to it is the plan of Hines Realty to enter India. Continue reading

Property Rates Jump By 66% In Mumbai, Report

In the last four years, Mumbai saw property rates rising by 66 percent. Property rates shot up in the city mainly due to the scarcity of land and limited supply.

Mumbai, the city which remained the top home destination in India, has always enjoyed higher property rates. According to some recent reports, over the last four years, the property rates in the city have gone up by 66 percent. Continue reading

Home Sales Witness No Signs Of Improvement

There are no signs of improvement for home sales. The sluggishness has affected home sales across the country.

Various freebies and discounts are offered by the developers. Though these were expected to improve the sentiments of home buyers, weak home sales prove that these offers have no impact on the sluggish realty market. Continue reading

Home Sales Improve In Mumbai & Bangalore

Home sales, especially of new launches, improved during the period from January to March. The discounts offered by the builders have improved the sentiments of the buyers.
Bangalore and Mumbai witness improved home sales.

Bangalore and Mumbai witness improved home sales.

US financial major Merrill Lynch’s report stated that the sales of new launches improved. The real estate developers have offered various discounts to woo the buyers. According to the financial major the discounts do have an impact in the home sales.

New projects are launched at attractive prices. Besides they are offered with discounts. Attractive schemes by the developers do woo buyers and investors. New launches by renowned developers picked up sales during the first quarter of 2013.

Though the sale of new launches improved this year, Gurgaon saw a fall of sales. This slowdown is mainly because the builders have been focusing on completion of their ongoing projects. Besides they also focus on clearing the unsold inventories. Rising property prices also impacted the demand for new launches in Gurgaon.

Merrill Lynch said that there will be price correction in Mumbai in the upcoming years. Property prices in Mumbai have appreciated at 14% over the last decade. Continue reading