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 …

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 …