Demand for two and three bedroom homes in India is increasing with aspirational real estate buyers returning to the residential property market, it is claimed.
More inquiries are being made about this type of property in the last three months, reversing the major shift away from larger real estate, says a new report from Jones Lang LaSalle Meghraj (JLLM).
The trend is spurring developers into reviving projects that were put on indefinite hold during the financial crisis. The slowdown has brought about residential space affordability and availability in areas that were previously out of reach for middle-income buyers, says the research report.
More : propertycommunity.com
Send an E-Mail for India Property Enquiry!
Related News from India Properties
Real estate demand to cross 1,000 million sq. ft by 2012
Real estate demand in various segments in the country would cross the 1,000-million sq ft mark by 2012, a real estate investment report said. Indian demand for real estate across office, retail, residential and hospitality sectors is expected to cross 1,000 million sq ft by 2012, said Cushman and Wakefield (C&W) and GRI in The Metamorphosis, a report on India Real Estate Investment for 2008. The residential segment continues to drive real estate demand with 687 million sq. ft, contributing 63% throughout the term under consideration, the report said. More : livemint.com
Kotak picks up 11.11 pc in Pride hotel chain
Kotak India Real Estate Fund has picked up over 11 per cent stake in Pride Hotel group, which runs four five star hotels across the country. The group is planning to tap the capital markets by the end of this fiscal to raise over Rs 150 crore, said company CEO Satyen Jain. The funds will be used for the hotel chains expansion plans in tier-I and tier-II cities in the country, he said. More : hindustantimes.com
Realty market set to bounce back
The liberalised economy and a robust demand for real estate across sectors are key factors that will make the market more reliable for investments in future, says Prabhakar Sinha.The slowdown in the real estate sector will not last long. Cushman & Wakefields Real Estate Investment report for 2008,The Metamorphosis, points out that in the long-term perspective, strong demand for real estate will remain intact in India. The report says that the pan-India demand for real estate across office, retail, residential and hospitality sectors, is expected to cross 1,000 million sqft by 2012. A major portion of the demand, at around
FIIs, economy and the common man
FIIs, economy and the common man We have been reading about the large investments being pumped into the stock market by foreign institutional investors (FIIs). The current levels are unprecedented. But what is the larger picture? Is the impact of the FIIs limited only to the stock market or do the institutions have a larger role in the economy? To be more specific, how do FII flows affect the common man? Taking a closer look at the funds flow, FIIs bring dollars to India which get converted into rupees in the inter-bank foreign exchange market. As the supply of dollars
Och-Ziff picks up 25% in Bangalore real estate co
Och-Ziff picks up 25% in Bangalore real estate co More hedge funds are finding their way to the Indian property market. Och-Ziff Capital Management, one of the leading global hedge funds, has picked up 25% equity stake in Nitesh Estates, a Bangalore-based real estate firm, for Rs 250 crore. The transaction marks one of the biggest deals done by a hedge fund in the Indian real estate space in recent times. Confirming the development, Nitesh Shetty, managing director, Nitesh Estates, said, We have just concluded the deal. As per the agreement, Och-Ziff will buy out 25% stake in the company for