India may approve a coronavirus vaccine over the next few weeks and an estimated 300 million people could be inoculated in the first round, the government has said. The possible rollout of the vaccines has raised hopes but it remains to be seen if it will improve the confidence of homebuyers and […]
Reduction Of Stamp Duty Witness Maximum Impact In Mumbai As The Sales Jump By 67% Despite COVID-19 Reports
Home sales volume in Mumbai stood at 9,301 units in November 2020 registering a whopping 67 percent year-on-year (YoY) rise over same month last year, boosted by stamp duty cut and festive period of Diwali, separate analyses by two property consultants Knight Frank India and Propstack have shown. This strong growth of […]
Office Space Leasing Might Rise In 2021. Might Be At Par With Last 10 Year Average
The Indian commercial real estate office market saw record leasing in CY19 with 42 million sq. ft of annual net absorption. The office market has been in an upcycle over CY14-19 with rising rentals, falling vacancies, consolidation among developers and the emergence of REITs. However, the evolving global situation owing […]
DLF All Set To Make It’s Presence Felt In Mumbai – Chennai Residential Property Market After NCR
DLF, the country’s largest listed developer, could again diversify into residential-property markets such as Mumbai and Chennai after focusing on its home turf, the National Capital Region (NCR). The developer started concentrating on Delhi-NCR after selling some of its land parcels in cities such as Mumbai in 2012 to reduce […]