Housing Market News And Commentary

Developers are launching residential initiatives, with elevated interest and investment alternatives in these areas. Embassy Office Parks aims to raise $400 million to satisfy office house demand from clients like Google, Cisco, and IBM. The plan involves hiring Morgan Stanley and Kotak, specializing in Chennai presence amid India’s industrial real estate increase. 20,000 relying on the situation and condo block, say local brokers. The upcoming Navi Mumbai International Airport can be anticipated to have an impact on property prices within the Navi Mumbai space. Sondhi just isn’t forecasting a collapse in new home construction, partly due to expected growth in purpose-built rental housing, fuelled by the provincial and federal governments exempting those tasks from HST.

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Satyanarayan Bajaj, deputy secretary, Maharashtra income division, issued a notification on March 31 conveying the state authorities’s determination to maintain the established order on prepared reckoner rates. The built‐up area of Sunteck Icon is approximately two lakh sq ft with an approximate rental of Rs 300 per sq ft per 30 days on carpet space foundation. This will allow Sunteck Realty to generate a income of close to Rs 2,000 crore over the tenure of 29 years.

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