Property Samachar - India Real Estate News http://www.propertysamachar.com India Property Pulse Monitored Fri, 13 Mar 2009 10:02:45 +0000 http://wordpress.org/?v=2.3 en Sobha Drops Prices Further http://www.propertysamachar.com/2009/02/22/sobha-drops-prices-further/ http://www.propertysamachar.com/2009/02/22/sobha-drops-prices-further/#comments Sun, 22 Feb 2009 04:46:52 +0000 India Property News Admin http://www.propertysamachar.com/2009/02/22/sobha-drops-prices-further/ With the recent 8% slash of prices by Sobha Developers not giving them much gain and DLF dhowing the way with 30% price cut for its Bannerghatta properties, Sobha has further slashed prices!

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]]> http://www.propertysamachar.com/2009/02/22/sobha-drops-prices-further/feed/ Residential Real Estate Prices to go down by 5 to 10% http://www.propertysamachar.com/2008/11/20/residential-real-estate-prices-to-go-down-by-5-to-10/ http://www.propertysamachar.com/2008/11/20/residential-real-estate-prices-to-go-down-by-5-to-10/#comments Fri, 21 Nov 2008 03:36:57 +0000 India Property News Admin http://www.propertysamachar.com/2008/11/20/residential-real-estate-prices-to-go-down-by-5-to-10/ Scarce buyers and people waiting for prices to come down has forced property developers to reduce the prices of houses by 5 to 10%, a move which they feel will bring people out who have wait and watch attitude.

The premium properties that cost over INR 3000/- per square feet will come down by 10% and the affordable housing sector will see a reduction in price by 5%.

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]]> http://www.propertysamachar.com/2008/11/20/residential-real-estate-prices-to-go-down-by-5-to-10/feed/ Puravankara Projects lays off 100+ civil engineers http://www.propertysamachar.com/2008/11/20/puravankara-projects-lays-off-100-civil-engineers/ http://www.propertysamachar.com/2008/11/20/puravankara-projects-lays-off-100-civil-engineers/#comments Fri, 21 Nov 2008 03:28:00 +0000 India Property News Admin http://www.propertysamachar.com/2008/11/20/puravankara-projects-lays-off-100-civil-engineers/ Completion and near completion of major big projects of Puravankara and lack of market response (due to which no new projects planned) are being quoted as the reasons for laying off over 100+ civil engineers.

Earlier DLF and Omaxe had taken similar steps.

Puravankara which employs over 750 people is going ahead with its "affordable housing" project.

]]> http://www.propertysamachar.com/2008/11/20/puravankara-projects-lays-off-100-civil-engineers/feed/ Lehman Realty Assets in India http://www.propertysamachar.com/2008/09/19/lehman-realty-assets-in-india/ http://www.propertysamachar.com/2008/09/19/lehman-realty-assets-in-india/#comments Fri, 19 Sep 2008 13:58:01 +0000 India Property News Admin http://www.propertysamachar.com/2008/09/19/lehman-realty-assets-in-india/ Recent collapse of Lehman has the Department of Industrial Policy and Promotion (DIPP) and the Reserve Bank (RBI) meeting soon to discuss the situation.

Lehman has $500 million investment in Indian real estate projects. Lehman invested $200 million last year in DLF promoter group company DLF Assets. It has also invested $80 million in Bangalore based SEZ Gandhi City and 40% stake in an IT park project of Peninsula Island in Hyderabad for Rs. 50 crore.

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]]> http://www.propertysamachar.com/2008/09/19/lehman-realty-assets-in-india/feed/ The Commune: Affordable Residential Project in Bangalore by Golden Gate Group http://www.propertysamachar.com/2008/09/17/the-commune-affordable-residential-project-in-bangalore-by-golden-gate-group/ http://www.propertysamachar.com/2008/09/17/the-commune-affordable-residential-project-in-bangalore-by-golden-gate-group/#comments Wed, 17 Sep 2008 13:56:51 +0000 India Property News Admin http://www.propertysamachar.com/2008/09/17/the-commune-affordable-residential-project-in-bangalore-by-golden-gate-group/ Golden Gate Properties have launched an affordable residential apartment project in Bangalore named Commune.

The Commune - Residential Project in Bangalore by Golden Gate Properties (Source: thecommune.in)

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]]> http://www.propertysamachar.com/2008/09/17/the-commune-affordable-residential-project-in-bangalore-by-golden-gate-group/feed/ Donald Trump to debut in India with a 47 storey residential project in Bangalore http://www.propertysamachar.com/2008/09/17/donald-trump-to-debut-in-india-with-a-47-storey-residential-project-in-bangalore/ http://www.propertysamachar.com/2008/09/17/donald-trump-to-debut-in-india-with-a-47-storey-residential-project-in-bangalore/#comments Wed, 17 Sep 2008 12:38:13 +0000 India Property News Admin http://www.propertysamachar.com/2008/09/17/donald-trump-to-debut-in-india-with-a-47-storey-residential-project-in-bangalore/ A 47-storey branded high rise luxury residential project in the heart of Bangalore will mark the grand entry of American real estate tycoon Donald Trump in India.

It will cost a whooping 500 crore rupees and will have 16 condos and 3 duplex-penthouses each priced between Rs. 25-40 crore. The condos will have 7 bedrooms and will occupy over 7000 sq. ft. The duplex penthouses will be around 9000 sq. ft. and a sky garden of 4000 sq. ft.

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]]> http://www.propertysamachar.com/2008/09/17/donald-trump-to-debut-in-india-with-a-47-storey-residential-project-in-bangalore/feed/ Real Estate Price Fall by 15-20% in Q1 2008 http://www.propertysamachar.com/2008/05/13/real-estate-price-fall-by-15-20-in-q1-2008/ http://www.propertysamachar.com/2008/05/13/real-estate-price-fall-by-15-20-in-q1-2008/#comments Tue, 13 May 2008 14:16:20 +0000 India Property News Admin http://www.propertysamachar.com/2008/05/13/real-estate-price-fall-by-15-20-in-q1-2008/ The residential real estate market all across the country has witnessed a revision in price in the first quarter of 2008. The prices have come down by 15-20%.

Here are some trends (city and area wise):

  • Gurgaon: 15% decrease in prices of plots
  • Noida: 20% dip in plot prices
  • Delhi: Friend’s Colony, GK I and II and Hauz Khas have seen 5-10% drop in rates
  • Mumbai: prices have stayed the same for the last 3 months
  • Bangalore, Chennai and Hyderabad: prices have remained stable

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]]> http://www.propertysamachar.com/2008/05/13/real-estate-price-fall-by-15-20-in-q1-2008/feed/ Real Estate Prices Showing Downwards Trend http://www.propertysamachar.com/2008/02/28/real-estate-prices-showing-downwards-trend/ http://www.propertysamachar.com/2008/02/28/real-estate-prices-showing-downwards-trend/#comments Thu, 28 Feb 2008 10:28:09 +0000 India Property News Admin http://www.propertysamachar.com/2008/02/28/real-estate-prices-showing-downwards-trend/ In th February 24, 2008 issue of Business Today, there was an article on how real estate prices seem to be correcting and showing a downwards trend.

  • Mumbai: prices seem to be steady but the property registrations dropped by 8%
  • Delhi: prices down by 5-10 % in NCR
  • Hyderabad: prices down 5-10 %
  • Bangalore: prices down 5-10 %
  • Chennai and Kolkata: no change

This could be a direct effect of the stock market turmoil.

]]> http://www.propertysamachar.com/2008/02/28/real-estate-prices-showing-downwards-trend/feed/ Strong Real Estate Demand in India http://www.propertysamachar.com/2007/12/18/strong-real-estate-demand-in-india/ http://www.propertysamachar.com/2007/12/18/strong-real-estate-demand-in-india/#comments Tue, 18 Dec 2007 17:23:02 +0000 India Property News Admin http://www.propertysamachar.com/2007/12/18/strong-real-estate-demand-in-india/ According to Cushman & Wakefield, the total real estate demand over the next five years from 2007 is expected to grow to approximately 1900 million sq. ft. across the commercial, retail, residential and hospitality segments. The bulk of the requirement being in residential segment.

Here is a detail breakup:

Type Requirements (million sq. ft.)
Residential 1400
Commercial Office Space 265
Hospitality 110
Retail 110

 

]]> http://www.propertysamachar.com/2007/12/18/strong-real-estate-demand-in-india/feed/ Top 10 most expensive cities in the world to setup office in http://www.propertysamachar.com/2007/11/23/top-10-most-expensive-cities-in-the-world-to-setup-office-in/ http://www.propertysamachar.com/2007/11/23/top-10-most-expensive-cities-in-the-world-to-setup-office-in/#comments Fri, 23 Nov 2007 17:04:21 +0000 India Property News Admin http://www.propertysamachar.com/2007/11/23/top-10-most-expensive-cities-in-the-world-to-setup-office-in/ Office prices are touching the sky and there are two Indian cities featuring in the list of top 10 most expensive places to setup office in. Here is the list with rental rates in USD/sq. ft.)

  1. London (West End) : 329
  2. Mumbai : 190
  3. London (City) : 181
  4. Moscow : 181
  5. Tokyo (Inner Central) : 179
  6. Tokyo (Outer Central) : 154
  7. Paris : 127
  8. New Delhi : 127
  9. Dublin : 114
  10. Hong Kong : 106

Source: (CBRE Half Yearly Survey on global rates)

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