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 […]
Tag: Economic Slowdown
Market expects speedier, steeper rate cuts
December 1, 2008 – 6:03 am
RBI may be forced to cut interest rates earlier than planned and more aggressively than previously hoped, as it comes under pressure to navigate an already faltering economy away from the turbulent economic aftershocks of the Mumbai terror attacks. Last week’s attacks, which killed around 200 people, targeted key symbols of enterprise in a city […]
Real Estate Firms Look At Diaspora
November 17, 2008 – 4:30 am
In these times of economic slowdown, Indian companies, especially real estate firms, are looking at diaspora in the Middle East for investment. The government kick-started a series of “investment meets” last week in Muscat that had major Indian firms hard selling India’s economic stability to the diaspora. The Muscat meeting, held under the aegis of […]
Slowdown In The Real Estate Due To Slowdown Of The Economy
August 6, 2008 – 4:23 am
The general economic slowdown has started impacting the commercial real estate sector as was obvious by slower uptake during the April-June period of the year. During the period, commercial real estate demand was only at 9.74 million square feet as against the supply of 18.07 million sq.ft, commercial real estate services firm Cushman & Wakefield […]
HDFC Property To Buy Into Nitesh Mall
August 4, 2008 – 12:52 am
HDFC Property Ventures is investing $20-25 million into South India’s largest central business district (CBD) mall developed by Nitesh Estates in Bangalore. The move probably marks the $900-million HDFC Property Ventures’ foray into retail infrastructure in a rather tight-market environment. HDFC Property Ventures will pick up around 20-25% stake in the 6-lakh sq ft Nitesh […]
