At a time when the global slowdown threatens to impact jobs in the city, landlords are looking for tenants with sound career prospects and high-paying jobs.
The central business district saw a 25% YoY rise in rentals during 2017 as the metro project began operations in the same year. Flex space to grow, too. Whitefield, the second-largest office market in Bengaluru, has office stock of about 40.4 million sq ft.
In this episode of The Tenant, we meet a young man who is an AP Dhillon die-hard fan and staying on rent with 4 other roommates in the Western suburbs of Mumbai. Renting in Gurgaon, Bangalore or Mumbai - which is the top pick? According to our upcoming tenant, it is Gurgaon due to the open spaces, late-night culture, and low rents. Watch the full episode!
Bengaluru and Hyderabad have seen maximum 5-yearly increase of 10 percent in average property prices; The IT capital also saw the highest rental yield of 3.9 percent among all major cities, followed by Mumbai with 3.8 percent.
It’s primarily on account of a large number of investors exiting ‘saturated' markets and selling units to end users, leading to a paucity of housing units on rent.
The jump in rentals is higher in prime localities such as Defence Colony, Greater Kailash-2 in Delhi, localities around the Dwarka Expressway and Golf Course Road in Gurugram and sectors located around the Noida-Greater Noida Expressway and Central Noida, which includes sectors such as 50, 51, 78 and 76.
Airbnb had in June announced a permanent ban on parties at its rental locations. The company began its crackdown on parties in 2019 after a fatal incident of shooting in California.
The objective of the survey titled Moneycontrol-Liases Foras House Purchase Affordability Index is to draw up a list of the top five affordable cities in India based on the homebuyers’ capacity to rent a house rather than purchase it. Manisha Gupta of Moneycontrol discusses the study criteria with Pankaj Kapoor, Founder & MD of Liases Foras Real Estate Rating & Research. Niranjan Hiranandani, Co-founder & MD of Hiranandani Group, also joins in with his take on the overall housing & rental market in India. Watch the video for more.
Russia-Ukraine war: People are booking Airbnb rentals in Ukraine they don’t intend to use just to help Ukrainians in financial distress.
Hyderabad has the highest vacancy levels at 15.20% in H1 FY22 as against 11.30% a year ago. As much as 4.5 mn sq. ft. new office space was added in the city in H1 FY22.
Mumbai and Bengaluru witness a decline of 7.8% and 4.6% respectively; Despite correction, Mumbai remains the most expensive warehousing rental market in the country
Pharma major’s agreement latest in a flurry of rental deals that have happened in the Bandra Kurla Complex in Mumbai, signalling uptick in commercial real estate space.
Indonesia has a rental yield of 8.5%, amongst the highest in the world followed by Cost Rica at around 7%. Ireland and Columbia command a rental yield of around 6% and Bulgaria is around 5%, the analysis said
If incentives are put in place, developers might gradually adopt the Build-to-Rent model. As the sector matures, institutional investors will also start funding multi-family projects aimed at millennial families
Rentals for aged and outdated buildings are 10 percent to 40 percent lower than up-to-date, well-managed properties in similar locations.
WFH a temporary strategy; space expansion plans of large corporates on track
The average rentals for a house of minimum 2,000 sq. ft. size in the top 7 cities' key luxury hotspots rose anywhere between 17% to 26% in 2020
With the rise of work-from-home, prospective homebuyers are seeing the sense in shifting to city peripheries and are taking up larger homes at affordable prices and the 'walk-to-work' concept may lose some sheen
The sector may witness consolidation with smaller operators exiting, resulting in stronger players with sustainable financial and operational model, a new report says.
Connaught Place in Delhi sees 4.4% year-on-year rental growth; Bandra Kurla Complex in Mumbai records 2 percent rise.
It is far simpler and convenient for investors to deploy capital in stocks of real estate developers rather than buy the underlying property
Real estate major looking at a 15.2 percent per annum from both existing portfolio and new construction
Prime Property travels to India's most expensive high street this Christmas to try and solve this puzzle, why are retailers willing to pay sky high rentals? Is your New Year resolution to buy a property? Prime Property gives you tips and also rewinds 2015 and reminds you of the biggest deals in India's property market.
Health fitness and gym chain major Talwalkars reported a 17 percent rise in its consolidated Q1FY15 (April-June) net profit at Rs 4 crore against Rs 3.4 crore year-on-year (YoY).
Red Fort Capital and Prestige earn approximately Rs 125 crore annually as rentals from the business park.