Things to Keep In Mind When Purchasing Plots in Bangalore

Things to Keep In Mind When Purchasing Plots in Bangalore

The locality you live in has a direct impact on your lifestyle and your personality. So, if you plan to relocate to a brand new location, ensure that the residence is one that rightly compliments your personality and greatly contributes towards your future growth. Bangalore is one of the few cities known to have some of the best localities that offer a healthy lifestyle. So, in case you are planning to make a property investment in the city, now is the right time. The tips listed below will surely make…

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Manhattan real estate breaks new price records

Manhattan real estate breaks new price records

Reports of the demise of luxury real estate in Manhattan may have been greatly exaggerated — or perhaps just early. Manhattan real estate prices set a new record during the first quarter, with the average price of an apartment topping $2 million for the first time in history, according to a report from Douglas Elliman and Miller Samuel Real Estate Appraisers & Consultants. The average price per square foot also set a new record, hitting $1,713. Granted, sales have slowed. Though the total number of sales, 2,877, grew 8 percent…

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Housing Project Launch Prices Drop up to 20% in 3 Metro Cities

Housing Project Launch Prices Drop up to 20% in 3 Metro Cities

Mumbai: Developers in certain micro markets of metros like Delhi-NCR, Mumbai and Bengaluru witnessed a drop of 4-20 per cent in launch prices of residential projects in 2015 over the previous two years, according to a report by property consultant Cushman & Wakefield. Metropolitan cities of Delhi-NCR, Mumbai and Bengaluru recorded a drop in launch prices in high development activity markets of these cities, the C&W report said. As per the study, new residential projects in select micro markets are cheaper by 4-20 per cent on average weighted basic sale price over the last two years. The report tracks the…

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Delhi-NCR New Home Launches Down 14% in 2015: Property Consultant

Delhi-NCR New Home Launches Down 14% in 2015: Property Consultant

New Delhi: Launches of new homes fell 14 per cent in the Delhi-NCR market last year to nearly 23,000 units due to a slowdown in demand, according to a report by Cushman & Wakefield. The launches of new homes fell from 26,802 units in 2014 to 22,979 flats in 2015, the property consultant said in its report. Half of the total new launches in 2015 were in the mid segment at about 12,400 units. About 79 per cent of the units were launched in the locations of Dwarka Expressway, New…

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Hyderabad Beats Realty Slowdown as Housing Sales Rise 67%: JLL India

Hyderabad Beats Realty Slowdown as Housing Sales Rise 67%: JLL India

New Delhi: Housing sales in Hyderabad rose 67 per cent to 7,000 units during the period between October 2014 and September 2015 on improved demand from both end-users and investors after formation of Telangana, says a report by property consultant JLL India. Housing sales stood at 7,000 units during the fourth quarter of 2014 to the third quarter of 2015 as against 4,200 units in the year-ago period, JLL India said. “After creation of new Telangana state and Hyderabad’s status as joint capital, the end-users demand as well as investors sentiment has improved, resulting in an increase…

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Tata Housing May Tie Up With Amazon for Online Property Sale

Tata Housing May Tie Up With Amazon for Online Property Sale

New Delhi: Realty major Tata Housing is in talks with online marketplace Amazon India for marketing of its properties, according to sources. Tata Housing, the real estate arm of the Tata group, sold over 2,000 apartments through online platform in the last two years. Tata Housing is in talks with Amazon India to sell its portfolio of premium and luxury properties across eight cities, they said. The company spokesperson declined to comment. The Mumbai-based developer started selling flats online from December 2013 through Google’s ‘Great Online Shopping Festival’. It had…

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Oberoi Realty Sells 645 Housing Units in Q3 for Rs. 1,775 Crore

Oberoi Realty Sells 645 Housing Units in Q3 for Rs. 1,775 Crore

New Delhi: Oberoi Realty sold 645 housing units for about Rs.1,775 crore in the third quarter of this fiscal year, largely in its newly-launched residential project at Borivali in Mumbai. The Mumbai-based developer sold 645 units, covering nearly 10.24 lakh square feet, for Rs. 1,774.39 crore, according to an analyst presentation. Of the total sales bookings achieved in the quarter ended December, Oberoi Realty sold 619 units in newly-launched project Sky City for Rs. 1,567.15 crore. The company said it launched three towers on October 30, 2015. “619 units booked,…

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