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April 03, 2008

Builders protest against steep hike in steel prices | INRnews

Mumbai, India, April 03, 2008 - 'The Builders’ Association of India (BAI), an All India Association of Engineering Construction Contractors, today strongly protested against the  unprecedented rise of over 32 per cent in price of steel  in the last three months and expressed doubts about completion of time-bound projects connected with Commonwealth Games-2010 and other projects.

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November 17, 2007

Real estate developer Prestige Group buys prime Chennai property | INRnews

Chennai, India, November 17, 2007 - Bangalore-based real estate developer, Prestige Group, has purchased a 2.8-acre prime property on Chennai's high street - Anna Salai.

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November 13, 2007

New supply to stabilise residential prices in Mumbai | INRnews

Mumbai, India, Novemer 13, 207 - With new supply of residential real estate space in Mumbai, development of new areas like Navi Mumbai, and redevelopment projects such as the Dharavi redevelopment in the pipeline, the outlook is for stable prices in the Mumbai market.

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November 12, 2007

Bangalore residential real estate market to see more balanced growth | INRnews

Bangalore, India, November 12, 2007 - With the release of much awaited CDP / Master Plan 2015, Bangalore city is expected to witness a more balanced growth in terms of residential developments, which presently are quite skewed and concentrated towards the southern & northern part of city. The development plan earmarks huge quantum of land under residential use in some of the comparatively un-touched zones of the city. The proposal tries to bridge the gap between future demand and desired supply.

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Chennai residential real estate outlook stable | INRnews

Chennai, India, November 12, 2007 - The Chennai residential real estate market is expected to be stable over the next quarter according to real estate services firm Colliers International.

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November 10, 2007

Pune residential and commercial real estate market third quarter update | INRnews

Pune, India, November 10, 2007 - The Pune real estate market saw new residential and office space supply being added in the third quarter of 2007 according to real estate services firm Colliers International.

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Delhi residential real estate demand more end-user driven | INRnews

New Delhi, India, November 10, 2007 - The Delhi residential real estate market has seen a shift from predominantly investor driven to the end user focused; which might stabilize it to a greater extent with a probability of price correction in the near future according to real estate services firm Colliers International.

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November 02, 2007

Omaxe buys Visakhapatnam land for Rs 100 crore | INRnews

Visakhapatnam, India, November 02, 2007 - Omaxe Ltd has announced that Visakhapatnam Urban Development Authority (VUDA) has vide its letter Dt. November 01, 2007 accepted the bid of M/s. Finishing Touch Properties and Developers Pvt Ltd (Subsidiary of the Company) in "Auction of Bulk land Plot No. 5 admeasuring 19.53 acres situated at Mathurwada Layout area in Visakhapatnam" in an open auction cum sealed tender basis and has made allotment of the said land on provisional basis subject to auction terms and conditions.

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October 31, 2007

Gurgaon residential real estate - over-supply at the high-end? | INRnews

Gurgaon, India, October 31, 2007 - The Gurgaon residential market has seen a meteoric rise in the last few years. However, with a large number of residential units, particularly at the high end, scheduled to hit the market in the next 6-18 months, the demand-supply dynamics is set to undergo a few changes that could impact future growth according to a recent report by global real estate adviser DTZ .

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September 23, 2007

Delhi and NCR residential real estate market sluggish | INRnews

New Delhi, India, September 23, 2007 - The Delhi and NCR residential real estate market is experiencing a slow-down in purchasing activity. While suburban markets have witnessed a decline in capital values driven by sluggish demand and adequate supply of new units, prime real estate in Central and South West Delhi has witnessed steady purchasing activity.

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Bangalore residential real estate market sees slowdown | INRnews

Bangalore, India, September 23, 2007 - The Bangalore residential real estate market is experiencing a change in market dynamics and an overall slow-down in purchasing activity according to global real estate services firm Cushman & Wakefield. High prices, steep home-loan interest rates and anticipation of a price correction have resulted in only a marginal price escalation in the past few months accompanied by a 15%-25% drop in primary sales across micromarkets of Bangalore.

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September 21, 2007

Andhra Pradesh Housing Board earns Rs. 5.2 crore through land auctions | INRnews

Hyderabad, India, September 21, 2007 - The Andhra Pradesh Housing Board (APHB) has earned Rs 5.2 crore from the auction of eleven plots in Chintal, Bharatnagar in Sanathnagar and in Gachibowli.

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August 09, 2007

Delhi property prices stable in the second quarter | INRnews

Delhi, India, August 9, 2007 - Property prices in Delhi and Gurgaon have been stable in the second quarter of 2007 while there has been a moderate increase in rental values during the same period according to real estate services firm Colliers International.

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Mumbai property prices decline in the second quarter of 2007 | INRnews

Mumbai, India, August 9, 2007 - The Mumbai real estate market witnessed a slowdown in the second quarter of 2007 with a decline in property prices.

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