The adverse effects of the Satyam fiasco are not only going to be felt by the IT industry. Even the real estate sector is worried. If global clients and investors in the IT domain decide that India is not the best place to dabble in for the moment, then there is going to be an […]
Tag: Cushman
Developers Unable to meet Retail Space Target
DLF, Parsvnath and other real estate developers have lagged behind by 54% in their target to open retail space even as retailers’ vacancy climbed to 16% last year. Cash-strapped real estate developers failed to deliver eleven million square feet of retail space in 2008, according to a study released by Cushman & Wakefield. Out of […]
Rate Hike To Delay Realty Projects
Real estate developers see further slump in demand and price correction due to RBI’s move to raise interest rate. Caught between slow demand and rising cost of capital and construction, developers are deferring launch of new projects. Some even fear that ongoing projects may get delayed. Indiabulls’ group spokesperson Gagan Banga said, “Interest rate hike […]
Airport Upgrades Projected To Add 78 Million Square Feet Realty Space
Nearly seventy eight million square feet real estate space is expected to be added by 2015 due to forty seven airport modernization and upgrade projects. The projects cover forty thousand acres across forty existing and seven new airports, according to the Airport Realty Report by global property consultancy Cushman & Wakefield. The report says if […]
Airports to emerge as business hubs
NEW DELHI: All new airports in the country will emerge as business nucleus with world class office, hospitality and retail space. The modernization and development of airports will not only provide the facelift to respective cities but also improve the real estate sector, said a report by Cushman & Wakefield.