Indian Luxury housing,which took a beating in the last two years, is poised to gain momentum yet again, basically in India’s Tier-I cities. (more…)

The Mumbai Metro line got a boost with the railway authorities clearing two concept plans for a rail bridge over the suburban railway lines near Andheri station, a project which had been stuck for over nine months. (more…)

Mumbai real estate developers, who witnessed a revival of sales at hefty prices in the past six months, are now up against buyer resistance. With demand dropping like a stone, the sale of Mumbai residential flats across segments has nosedived, property experts said. (more…)

Mumbai real estate prices have jumped about 30 percent over the past six months, leading to a drop in home sales in India’s financial capital as higher prices deter buyers, Knight Frank LLP said. (more…)

Mumbai Real estate prices in the city have risen between 5 to 20 per cent since January. A surge in demand and buyers willing to pay more has helped this rise. (more…)

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…)