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It is no secret that ready-possession projects or projects nearing completion are costlier than under-construction projects. Nevertheless, many buyers are eager to acquire property on an immediate basis rather than waiting. There are sound reasons behind such a decision:
The Goods and Services Tax (GST) is the most radical taxation reform that is set to alter India’s economic prospects. A single indirect tax, encompassing all goods and services, is surely a welcome change.
The latest JLL research report ‘Indian real estate: Comprehending the varying speeds of growth’ tracks the journey of different asset classes from 2004 to 2015. Let’s discuss the key trends emerging in the office market:
The current market dynamics have served the purpose of bringing about a renaissance in the Indian real estate sector. Realistic retail and commercial spaces which are in tune with actual market demand dynamics are now becoming a reality. In the residential space, developers who had previously focused largely on luxury spaces for the cash-rich IT/ITeS and HNI buyer segments have begun launching housing projects for the common man.
Leading international property consultancy JLL India released its latest research report on the Indian real estate industry at the annual CII Realty & Infrastructure Conclave in Mumbai. The report, entitled ‘Indian Real Estate: Coming To Terms With Varying Speeds of Growth’ was unveiled during the packed event, attended by the A List of the Indian real estate fraternity, at Taj Mahal Palace Mumbai.
JLL, India’s largest and leading property consulting firm, today announced a strategic partnership with leading private university NMIMS to offer a new field of specialization in ‘Real Estate Consulting & Transaction Services’ to Technology Management students.
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During the first quarter of 2015, two significant market movements have been observed in Bangalore’s real estate market – an increase in new launches as well as a rise in the net absorption of units. While 13,400 units were newly launched in 1Q 2015, the corresponding figure stood at 11,170 units in 1Q 2014. The city also saw a net absorption rate of 8,310 units in the first quarter of 2015 compared to 7,210 units observed in the corresponding quarter of 2014, which is an increase of 15% in total sales y-o-y. For the same time period though, the overall absorption rate stood lower at 10% in the 1Q 2015 as compared to 11% in 1Q 2014.