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Realty Watch – Top Real Estate News Updates

Realty Watch - Top Real Estate News Updates

745595339-Most Expensive buying and renting place of India

On the parameters of buying and renting a residential property, Mumbai and Delhi are the most expensive cities in India. But when it comes to rentals, Chennai and Pune are mostly affordable. On the parameter of buying a residential property, Hyderabad and Ahmedabad are the most affordable. City of joy Kolkata is a paradox where rentals are expensive when compared to purchasing a residential property priced over Rs 15 lakh. These are the findings of the Annual Buy Vs Rent Report (ABRS) report of ArthaYantra Corporation, world’s only full-service robo-advisor. Source; BW;

Land reliefBuyers asking for a reply from EMAAR

The protest came after the buyers alleged they got no response from the builder even after submitting a memorandum. The buyers alleged that even after repeated requests to meet senior officials from Emaar, they did not get a satisfactory reply from them. The protesters now plan to form an association and intensify their collective effort “This is our third protest in the last six months, because the construction at the site has stalled and no one from builder’s management has taken the time to address our concerns,” said a buyer Rama Chawla. The project was launched in 2009 and the handover was supposed to be done within 36 months.
Source: TOI;

vector-skyline-362Report reveals smart home market to grow 30% YOY

Schneider Electric (SE) – the global leader in energy efficiency and one of the leaders in management of Smart Cities – today released highlights of a Smart Homes Solutions survey, conducted on its behalf by AZ Research Partners, Bengaluru. The major outcome from the survey was that the smart home market is expected to grow at a rate of 30% YOY, thereby ensuring that the market will double in revenue every 3 years. The survey was conducted among end customers of premium apartment complexes, duplex, triplex and villas within the range of Rs 50 lakh to Rs 1 crore, Rs 1-5 crore and Rs 5+ crore as well as builders of such complexes. The survey revealed high awareness among respondents about Smart Homes, which was almost universal in metros and upper-end segments.
Source: RealtyMyths


real-estate-houses_23-2147497458Mumbai market gets more dynamic

A Times of India report today says that in the seven-month period between April and October this year, the Municipal Corporation of Greater Mumbai (MCGM) has received over 600 construction proposals. Compared to this, the civic body received all of 989 proposals in the last fiscal (April 2014-March 2015). There are some major movements the Mumbai market with a future perspective of a raise in the realty market.

Source: Money Control


ConnectivityLargest lease market is Delhi

JLL’s Global Market Perspective (Q4 2015), India, reports the strongest leasing activity in the Asia Pacific region in Q3, contributing over half of Asia’s total gross leasing in office markets. In India, Delhi was the most active market with a number of large transactions, and substantial increases were seen in Mumbai as well as Bangalore, it said. Overall, leasing activity continued to improve in Q3, with Asia Pacific gross leasing volumes rising substantially by 27% year-on-year, following a solid Q2. The most active sectors across the region in the quarter were domestic financial institutions and technology firms. However, the improvement was inconsistent.

Source: ET Realty


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