When it comes to soaring commercial realty prices, Delhi-NCR region may soon beat other destinations in India. At least three reports on the sector point to the national capital gaining compared to many other destinations in the country. According to real estate consultant Cushman & Wakefield, New DelhiÂ’s Connaught Place has emerged as the worldÂ’s fourth most expensive office location, gaining one position over last year.
Author: admin (Infratructure Today)
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Report expects easing of home prices in Mumbai
In a research report on real estate sector, Kotak Institutional Equities said it expects property prices in key markets like Mumbai and national capital region to ease because of unaffordable prices, lower demand and liquidity issues. Prices in Mumbai, Gurgaon rose earlier because of delay in the launch of new projects, the report said. Laun new projects, the report said. Laun
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Realty prices in Hyd won’t go down further: Analysts
Now most builders and analysts in Hyderabad have concluded that real estate prices in the city canÂ’t go down any further and Telangana is no more an issue for Hyderabad Real Estate. Economists say that price is a reflection of demand and supply. But on the supply side, everyone knows land is a scarce commodity. And in the end, itÂ’s demand that determines the price.
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Assam attracts real estate biz, Guwahati holds property show
Assam is emerging fast as an investment hotspot. Recently, a two-day property fair was organised by Housing Development Finance Corporation (HDFC) with an aim to bring real estate leaders and customers under one roof in Guwahati.
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Realtors look to budget for direction
After the introduction of Negative List regime, ambiguity has arisen regarding exact service tax implications on various charges recovered by developers. Developers and investors are wading in troubled waters due to reduced demand, liquidity crunch and delayed projects, says Sherry Samuel Oommen, founder and senior partner, GyanMagnus Associates.
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Realty sector looks at govt to revitalise buyer interest
The realty sector saw itself on shaky ground last year with rising interest rates, liquidity issues, cost escalation and tepid demand, in addition to governance issues. Therefore, the sector has a long wish list for the Finance Minister to revitalise the industry and rekindle home buyer interest.
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Govt receives 15 bids for Kushinagar airport project
The central government, which plans to build an international airport at Kushinagar, in eastern Uttar Pradesh, under the public-private partnership (PPP) model at an estimated cost of Rs 354 crore, received
15 technical bids. The department of economic affairs, union ministry of finance, has given inprinciple approval for viability gap fundi
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FIPB to consider AirAsia’s JV plan on 6 March
The foreign investment promotion board (FIPB) headed by economic affairs secretary Arvind Mayaram would consider on March 6 the investment plan of MalaysiaÂ’s AirAsia in a proposed joint venture with Tata Group for launching airline operation. AirAsia has applied to FIPB to take 49 percent in a ventu
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Govt allows IndiGo to import aircraft
The Government has approved the proposal of the Delhi-based low cost airline, IndiGo to import 11 aircraft. Sources indicated that IndiGo has been given a No Objection Certificate to import 11 Airbus A-320 aircraft. The import of aircraft is first approved by the Aircraft Acquisition Committee (ACC) in the Ministry of Civil Aviation first after which the proposal is cleared by the approving authority, the Minister for Civil Aviation before actual import is allowed.
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Air Works seeks govt’s sops for MRO biz
Expanding its portfolio, Air Works has announced the acquisition of French aircraft repainting company Aero Technique Espace (ATE) last month. This is Air Works' second such acquisition since it bought off UK-based Air Livery almost two years ago, becoming one of Europe's largest providers of aircraft paint services, its Managing Director Vivek N Gour said.