CBRE South Asia Pvt. Ltd., India’s leading real estate consulting firm, announced the findings of its Asia Pacific Real Estate Market Outlook 2017 – India. As per the report, India continues to hold its position as the world’s fastest growing G-20 economy, on the back of improved investor confidence and better policy reforms. The report …
Tag Archives: Indian property news
Fitch: Risks to Indian homebuilders rise; sales to fall in 2017
Fitch Ratings expects property sales in India to fall by at least 20%-30% in 2017, owing to disruption caused by demonetisation and general caution on the part of buyers. Homebuilders already have high levels of unsold inventory and are likely to cut selling prices as demand weakens. We expect risks to homebuilders to rise further …
Continue reading “Fitch: Risks to Indian homebuilders rise; sales to fall in 2017”
Knight Frank India:Office space provide strong support for Chennai realty; Residential market finds a new bottom in 2016
Knight Frank India launched the sixth edition of its flagship half yearly report – India Real Estate. It presents a comprehensive analysis of the residential and office market of Chennai for the period July – December 2016 (H2 2016). Political uncertainty and extreme weather coupled with demonetisation see YOY drop in launches and sales by …
PropTiger and Housing.com come together to become India’s largest digital real estate company
PropTiger.com and Housing.com, two of India’s leading online real estate service providers, today announced they will come together to become India’s largest online real estate services company. As part of the transaction, REA Group Limited (ASX: REA) will invest US$50 million in the joint entity, with an affiliate of Softbank Group Corp investing US$5 million. …
Dubai’s Nakheel to introduce PALM 360 in Mumbai
Dubai real estate master developer Nakheel is making its way to Mumbai for the Dubai Property Show to showcase a range of iconic projects offering unrivalled investment opportunities to the Indian market. Nakheel’s luxury PALM 360 hotel and residential development, located on the world-famous Palm Jumeirah, will take centre stage at the event, which takes …
Continue reading “Dubai’s Nakheel to introduce PALM 360 in Mumbai”
Real estate reforms strengthens buyer confidence in India, says survey
Knight Frank India and the Federation of Indian Chambers of Commerce and Industry (FICCI) have jointly released the Knight Frank & FICCI India Real Estate Sentiment Index which is based on a quarterly survey of key supply-side stakeholders, which include developers,private equity funds, banks and non-bank financial companies (NBFCs). The survey comprises questions pertaining …
Continue reading “Real estate reforms strengthens buyer confidence in India, says survey”
Millennials to drive the real estate market in India: CBRE Report
CBRE Group, Inc. the world’s largest real estate consulting firm, announced the findings of its ‘first of a kind’ survey on “The Millennials”. The survey provides an in-depth look at what defines Millennials as people (LIVE), employees (WORK) and as consumers (PLAY). The survey, conducted across 13 countries globally had India as a major participating …
Continue reading “Millennials to drive the real estate market in India: CBRE Report”
JLL expects 6 pct increase in Mumbai residential property prices this year
According to the JLL, the average residential property prices in Mumbai and suburbs saw an appreciation of 3.3% (y-o-y) in 2015 versus 7% in 2014 and the forecasted increase in residential property prices in 2016 is expected to be 6%. At the sub-market level, south-central Mumbai and the eastern suburbs saw the maximum appreciation at …
Continue reading “JLL expects 6 pct increase in Mumbai residential property prices this year”