The Indian capital Delhi has moved two notches up and has re-entered the top 10 list of the world’s most expensive office market, while the financial capital Mumbai has slipped one notch down, even as globally demand for office space has been softening, says a report. (more…)

UK-based serviced office provider Avanta, which blocked properties at the peak of the realty boom in India and started offering office space to clients during the downturn, is in the process of shutting down its Mumbai operations after incurring significant losses. (more…)

Excess supply has made office rentals in key commercial centres in Mumbai and Delhi come down by half over last year, and realty analysts fear that with business houses waiting for economic activity to pick up speed and a raft of new commercial facilities nearing completion, the rates could head further southwards. (more…)

Mumbai’s residential property prices are on the rise even as the buyer is not in a hurry to finish a deal. According to the city’s property registration data, there has been a 13% month-on-month drop in the number of apartments registered in August 2009 this year as compared with the previous month. This trend was holding out in September as well. (more…)

Mumbai real estate agents claim this is the best time to invest in residential apartments as prices have touched the bottom of the curve. “Realty prices will only rise again and the best time to invest is between September and December,” Hiranandani Group of Companies managing director Niranjan Hiranandani said on Monday while addressing a real estate meet. (more…)

Real estate developers in Mumbai have started to increase property prices in some pockets of Mumbai (more…)

Litolier Group based in Mumbai, plans to build two more five-star hotels in India in the next few years. The group will develop two hotels in Mumbai and Goa under a joint venture with a foreign hospitality major. (more…)

The commercial property market in the Mumbai is expected to take a 20-40 % correction according to a recent Jones Lang LaSalle Meghraj report. (more…)

This May Virgin Atlantic will cease its London – Mumbai route, only three years after it was launched. (more…)