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Supertech signs a Rs 500-cr deal with UAE co for a Gurgaon project

NEW DELHI: Real estate developer Supertech today said it has signed a Rs 500-crore contract with Abu Dhabi-based Arabian Construction Company (ACC) for construction of a project in Gurgaon. “Supertech has awarded this contract to ACC for carrying out construction work with special construction technology, known as ‘Tunnel Form Technology’. Hues will be the first […]

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China’s QDII2 Plan Could Result in $2.3 Trillion of New Property Investment Worldwide

With the Chinese government proposing taking a significant step towards removing restrictions on the export of privately held capital under a program called the Qualified Domestic Individual Investor program or QDII2, theoretically $6.61 trillion (RMB 41 trillion) of Chinese wealth could be enabled to be reinvested that wealth in international real estate and other assets […]

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US home sales reach eight year peak and prices all time high

Existing home sales in the United States increased in June to their highest pace in over eight years, according to the latest monthly data report from the National Association of Realtors. It also shows that the cumulative effect of rising demand and limited supply has helped push the national median sales price to an all-time […]

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Home Buyers Delaying Purchase Due to Higher Price in Mumbai

Mumbai: Owing to escalating property prices and a slowdown in sales, mainly due to consumers postponing their buying decisions, there is an inventory pile-up of 46 months in the Mumbai Metropolitan Region (MMR), property portal Indianproperty.com has said in a report. “Mumbai has an inventory pile up of 46 months, well above the accepted 8 […]

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Parliament Panel Recommends Jail Term for Defaulting Builders

New Delhi:¬†A Parliamentary Committee has recommended a slew of measures favouring property buyers, which include a three-year jail term or a fine for a defaulting builder under a new law which will now cover projects of 500 square meters or eight flats. Under the proposed new law, a jail term of up to three years […]

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Ascendas India Trust Acquires Building for Rs 294 Cr

Hyderabad: Ascendas Property Fund Trustee Pte Ltd, a Singapore-based trustee manager of Ascendas India Trust (iTrust), on Friday said it has completed the acquisition of ‘aVance 3’, a multi-tenanted IT building for Rs 294 crore (S$63 million). The aVance 3 building , with total floor area of 682,900 square feet, has anchor tenants including multi-national […]

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JLL Asks Home Buyers to Avoid Noida Extension

New Delhi: Property consultant JLL India has advised home buyers to avoid certain locations, including Noida Extension, in the Delhi-NCR real estate market due to delays in project delivery, oversupply speculation and lack of infrastructure. JLL India has declared zones including Noida Extension and Greater Faridabad as ‘high-caution’ areas. “The National Capital Region (NCR) has […]

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Global Property Investors’ Focus on Europe Intensifies in 2015

According to a new report by Cushman & Wakefield, European real estate is set to stay firmly in the spotlight for global investors with a resulting two-year window of high activity and attractive relative pricing driven by improved property investment supply, portfolio restructuring, rising prices and the impact of quantitative easing. Their report,¬†Capital Views – […]

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Euro Exchange Rates Aiding French Alps Property Sales

According to European property developer MGM, British interest in buying a ski property in the French Alps is at its highest level in more than a decade. UK media announcements about zero inflation, and now deflation, as well as the best Euro exchange rates for seven years, the new availability of cash through pension reforms […]

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Italian Properties Become Target of U.S. Homebuyers Enjoying Strong Dollar

U.S. second homebuyers are checking out Europe this summer, with the UK, France and Italy enjoying the lion’s share of their interest. According to InsureMyTrip, the three European countries will be the most popular destinations for travel beyond the US’s borders between June and August 2015. But it’s not just a vacation for all, an […]

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