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 …

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 …