Real estate markets are unlikely to witness a ‘V'-shaped recovery, argues Mr Amit Bhagat, CEO and Managing Partner, ASK Property Investment Advisors. The group, which currently has a real estate fund open for investment, will deploy money in a staggered manner, in line with the slow recovery... More

Young Bangalore-based couple Dilip and Sunita had set their eyes on a property in Hebbal, North Bangalore, during the hey day of the IT boom. When Sunita's brother Chaitanya, also a Bangalore-based IT professional, was laid off and Dilip's bonus deferred indefinitely, the young couple's... More

The top three information technology service providers - Tata Consultancy Services (TCS), Infosys Technologies and Wipro Ltd - have cumulatively got approvals for developing 15 special economic zones (SEZs), but both analysts and the companies say these will be delayed due to the economic slowdown.

NRI businessman C Sivasankaran is learnt to have put his 1.2 lakh square feet bungalow in Chennai on the block. A potential sale of this property located in the city's upmarket Cenotaph Road could raise as much as Rs 200 crore, according to real estate developers familiar with the development.

Mumbai continues to be the second costliest city in Asia Pacific in terms of prime rental rates. With rent of about USD 800 per sq metre per annum, Mumbai is ahead of the likes of Tokyo (USD 750 per sq metre p.a.) and Singapore (USD 625 per sq metre p.a.) as per the latest report of real estate... More

The Singapore-listed Indiabulls Properties Investment Trust, which is part of realty major Indiabulls Real Estate, is planning to raise up to 200 million Singapore dollars (about Rs 676 crore) through a rights issue. The proceeds would be used to pay debts of the company. Indiabulls Properties... More

The stand-off between the builders and the government over levy of infrastructure and amenities charges seems to be heading towards an amicable settlement with the Confederation of Real Estate Developers' Association of India (CREDAI) withdrawing a case it had filed in the Madras high court... More

India Inc was on a savage cost cutting drive in the latter half of 2008-09. Salary cuts and job losses became the order of the day.

An analysis of the annual reports of these companies shows that the salary hikes were greater in that fiscal when their businesses were caught due to economic... More

City realtors are shocked by the arson at Vedic Village in Rajarhat and fear that unless strong action is taken, investor and buyer confidence would be rattled. Terming the incident unfortunate, Confederation of Real Estate Developers Association of India (CREDAI) national president Santosh Rungta said... More

Demand for residential projects in major cities is picking up on lower home loan rates, property price cuts by developers and job market recovery, a study by Religare Capital Markets Ltd said. Indian real estate saw demand for housing collapse from 2008 amid a global credit crunch and buyers fearing job... More