User: divya_rrs Topic: Bombay
Category: Real Estate
Last updated: Jan 16 2017 17:03 IST RSS 2.0
 
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Real estate to bounce back in 2017 11.1.2017 All Companies Stories
Note ban a big jolt, but positive factors may provide impetus; office market did well in 2016
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'Office leasing hits all-time high at 43 m sq ft in 2016' 11.1.2017 Deccan Herald - Business
The country's office market witnessed an all-time high with annual absorption of over 43 million sq feet in 2016, registering a growth of 9% on a year-on-year basis. Supply addition during the year touched 35 million sq feet with India's office stock reaching a milestone of over 0.5 billion sq feet (as of Q4 2016) — higher than several East Asian economies, acccording to CBRE India, one of the leading real estate consulting firms in the country. In its latest India Office MarketView Report - Q4 2016, CBRE India said that Bengaluru and NCR dominate leasing on an annual basis with 47% share. However, both cities individually saw a marginal drop in leasing activity during the last year. Mumbai and Bengaluru accounted for almost half of the annual supply addition. IT/ITeS firms continue to lead office transaction activity; account for about 50% of the transaction activity during the last quarter, the report added. The report noted that Bengaluru witnessed a rise in quarterly demand, mainly in Outer ...
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Even Trump building isn't immune to India's real estate woes 11.1.2017 News
Rate of home sales has fallen by about half since the Nov 8 note ban
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Office leasing hits all-time high at 43 mn sq ft in 2016: CBRE 11.1.2017 Latest News
The share of domestic corporates in transaction activity grew from 41% in 2015 to 43% last year
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States' notional stamp duty loss Rs 1,200 cr in Q3 11.1.2017 News
Knight Frank attributes this to the drop in sales volume in residential markets due to note ban
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Morning News Call - India, January 11 11.1.2017 Sify Finance
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_01112017.pdf If you would like to receive this newsletter via
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From Vibrant Gujarat summit to Taj Mansingh auction: 5 key developments 11.1.2017 News
Vibrant Gujarat summit, Mumbai-Ahmedabad bullet train, PropTiger, Housing.com seal merger and others: 5 key developments
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State gets 650 responses for draft RERA rules 11.1.2017 TOI: Mumbai
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Demonetisation effect: Flat sales down by 39% in Oct-Dec says Knight Frank report 11.1.2017 TOI: Mumbai
Housing sales plunge 44% on notes ban: Knight Frank 10.1.2017 Hindu: Business
MUMBAI: The real estate sector is estimated to have suffered notional revenue loss of ₹22,600 crore in the fourth quarter of 2016 as sales plunged 44 per cent as compared with the same period last yea...
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Sensex rallies over 173 points as auto, banks perform well 10.1.2017 DNA: Urban Tales
BSE benchmark Sensex on Tuesday rallied over 173 points to close at 26,899.56, snapping its two-session fall, on emergence of buying in auto, banks and metals coupled with encouraging tax collection data ahead of December quarter results. The key indices opened on a positive note and stayed range-bound till late afternoon, while investors somewhat sidelined the mixed global cues, dip in monthly auto sales growth data, while consolidating its gains with hectic value buying and tinge short-covering. Dismissing slowdown concerns post demonetization as "anecdotal", Finance Minister Arun Jaitley on  said tax collection has grown at a decent pace. For the April-December period of the current fiscal, indirect tax receipts soared 25% to Rs 6.30 lakh crore, which is about 81% of Budget Estimates. Direct tax collection was also up 12.01% at Rs 5.53 lakh crore, 65% of BE. Vinod Nair, Head of Research, Geojit BNP Paribas Financial Services Ltd, said, "The pre-budget rally is having a double advantage led by good ...
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Demonetization effect: Real estate sector sees lowest launches, sales since 2010 10.1.2017 DNA: Top News
Demonetization has taken the sheen off the real estate sector as 2016 ended with the lowest launches and sales of residential projects since 2010, a report said. Sales volume and new launches fell by 23% and 46% each in the second half of 2016, a report by real estate consultancy Knight Frank said. The fourth quarter of 2016 saw a significant drop by 44% year on year and new launches fell by 61%, it added. "Political stability, regulatory environment, enhanced infrastructure, strong investments, approval to the GST bill amendments to REITs led us to the feeling that the year would end on a high note. However, the demonetization move pulled down the last quarter sales across all cities," Shishir Baishali, chairman and MD Knight Frank India said in a statement. "The fall in Q4 was intense, H2 2016 ended below H2 2015...2016 ended at launches and sales being lowest since the global financial crisis," he pointed out. Further, the real estate sector has witnessed a notional loss to the tune of Rs 22,600 ...
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Note ban takes sheen off realty; 2016 sees lowest sales, launches in 6 yrs 10.1.2017 News
Demonetisation has taken the sheen off the real estate sector as 2016 ended with the lowest launches and sales of residential projects since 2010, a report said. Sales volume and new launches fell by 23 per cent and 46 per cent each in the second half of 2016, a report by real estate consultancy Knight Frank said. The fourth quarter of 2016 saw a significant drop by 44 per cent year on year and new launches fell by 61 per cent, it added. "Political stability, regulatory environment, enhanced infrastructure, strong investments, approval to the GST bill amendments to REITs led us to the feeling that the year would end on a high note. However, the demonetisation move pulled down the last quarter sales across all cities," Shishir Baishali, chairman and MD Knight Frank India said in a statement. "The fall in Q4 was intense, H2 2016 ended below H2 2015...2016 ended at launches and sales being lowest since the global financial crisis," he pointed out. Further, the real estate sector
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Indian online realty services providers PropTiger, Housing.com to merge 10.1.2017 Sify Finance
MUMBAI, Jan 10 (Reuters) - Indian online real estate services providers PropTiger.com and Housing.com will merge to create what the companies said would be the biggest player in the segment,
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Online realty services providers PropTiger, Housing.com to merge 10.1.2017 Sify Finance
Online real estate services providers PropTiger.com and Housing.com will merge to create what the companies said would be the biggest player in the segment, accelerating a
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No water, Thane society residents lock up builder 10.1.2017 TOI: Cities
Fed up of water scarcity, more than a hundred residents of Dosti Vrishti building in Vartak Nagar, Thane (W), confined their builder to a room in the clubhouse for nearly five hours on Sunday. The building is a part of the sprawling Dosti Vihar housing society, constructed by Dosti Realty.
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Cidco extends airport bidding deadline to Jan 25 10.1.2017 TOI: Mumbai
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Govt extends Navi Mumbai airport bids by 15 days 9.1.2017 Latest News
Three bidders had decided not to participate citing project challenges and onerous bid conditions
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Real estate consultancy firm JLL's India head Anuj Puri quits 9.1.2017 News
Chief Operating Officer Ramesh Nair will take over as CEO and country head
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Plan to invest in real estate in 2017? A few expert tips and ideas 8.1.2017 Sify Finance
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