Uncertainties on the global market and the likelihood of further interest rate hikes by the RBI in the early part of 2012, sentiments on the Indian residential property market will remain cautious over the short term according to Jones Lang LaSalle India. (more…)

Thousands of non-resident Indians (NRIs) who are poised to take advantage of the Indian currency’s record falls by buying property according to The National. (more…)

Bank of America and Merrill Lynch expects real estate prices in India to correct.

They report:

“We expect prices to correct in three key cities in the range of 10-25 per cent over next 6-9 months driven by rising inventory (over 6 quarters of inventory across towns) and macro headwinds leading to falling absorption rates,” the bank said on last Friday in a detailed research report on India’s real estate sector.

Property prices are not tumbling now but could fall later. The world growth may slow down and property prices may sag in many markets. Indian property prices continue to remain resilient. (more…)

RICS India is in supporting association with the following events in India:

1. Hotel Investment Conference South Asia (HICSA) – 2011
Over the last decade and a half, the mad rush to India for business opportunities has intensified and elevated room rates and occupancy levels in India. The successful growth story of the ‘Hotel Industry in India’ is second only to China in the Asia Pacific. Combining unparalleled growth prospects and unlimited business potential, the industry is certainly on the foyer towards being a key player in bringing change to the nation. Find our more

2. New Age Facilities Management
RICS India is also supporting the ‘New Age Facilities Management’ conference being held on 28-29 April, 2011 at the Novotel Hotel, Juhu Beach in Mumbai.
Increasingly the spotlight is on extending the life of ready projects and providing a bouquet of facilities managed by professionals. Find out more