Need for Office Space soar to 7 million sqft in Apr-Jun qtr

Need for Office Space soar to 7 million sqft in Apr-Jun qtr As per the quarterly report by CBRE, a global property firm, metro cities like Mumbai, Bangalore, Delhi NCR have absorbed over 75% of the total space leased in the second quarter.  Office Space As per a recent survey, In spite of the recent downfall in the real estate market for large office spaces, almost 7 million sq ft space was rented during the second quarter...

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Noida Extension buyers want banks to waive interest

The authority of Greater Noida is offering builders with a ‘zero period’ for paying installments. The home buyers are not too happy with it and demand from the lending banks to make all the EMIs interest free paid during the land row. Bank 80 home buyers have formed a group and have joined hands to mount pressure on banks to waive off the interest on their EMIs. According to the buyers, banks are also to be blamed in the Noida extension...

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Commercial reality market touching skyline

Reality Market at its Peak The commercial real estate of most of the Indian cities is booming after the prolonged abeyance. The rentals will remain under control for sometime considering the plethora in the market. The report by one of the popular property consultants ‘Knight Frank’ says that, office absorption in January-March 2012 rose up by 23 percent as in comparison with 2011. 1.04 million sq ft have been total transaction of office...

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Why do Non Resident Indians give preference to investments in Indian Real Estate?

NRI  Approximately 30 million NRI's or Non resident Indians have been spread in 140 countries. The estimated wealth that they possess is 1.2 trillion USD.  These non resident Indians were considered to be the greatest contributors of foreign exchange in the years 2010 and 2011. There are around 7 lakh residents who have left the country searching for greener pastures. One lakh NRIs are expected to come back home each year.  ...

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