Jaypee Sports International Ltd (JSIL) that will host India’s first ever F1 Grand Prix on its track in October this year on Monday said it expects to garner about Rs.150 crore from ticket sales of the race.
Nearly four years back when the real estate market was at its peak all the developers tried to diversify into other greener pastures.
Indian real estate is expected to face “large-scale distress” amid rising borrowing costs and shrinking access to credit that may force developers into fire sales for assets, according to Knight Frank.
Starwood Hotels & Resorts has announced plans to open W Mumbai in 2015, marking the debut of W Hotels Worldwide in India.
A first-of-its-kind real estate exhibition showcasing the finest properties and realty investment opportunities in Kerala is being organized in the city.
Real estate prices in the metropolis, one of the most expensive realty markets in the country, are expected to remain stable in the near future, a top industry official said today.
Real estate developers across Gujarat have withdrawn stir as the government decided to give a 50% relief on increased jantri rates.
Demand for residential development will continue to remain unabated, but the requirement of real estate by retail industry over the next five years and even thereafter will provide a major thrust to the property market in India, said CB Richard Ellis’ global president Robert E Sulentic.
While the real estate market in India is far from satisfactory, a section of real estate developers are exploring opportunities in neighboring nations including Sri Lanka and Bangladesh as the governments, seeking to boost economic growth, are providing incentives to develop infrastructure.
Unsold, vacant, no takers…these words aptly sum up the story for real estate developers into malls in India. Even though retailers are spreading their wings once again after the slowdown, the absorption of malls remains sluggish, leading to high vacancies.