Real Estate Scenario to Improve by This Fiscal Year: Global Rating Agency Fitch

The Indian property market is likely to see an improvement this fiscal year” reports the Global Rating Agency Fitch. The reduction in interest rates and the upgraded scenario of the Indian Investment Market has brought a good news for the debt-ridden real estate development companies.
Real Estate Scenario to Improve by This Fiscal Year: Global Rating Agency FitchIn January, the Reserve Bank called for a 0.50 per cent reduction in the key policy rates. This, in turn, will prompt the commercial banks to offer home loans to the buyers at reduced interest rates. It is also beneficial for the property developers as they will have greater exposure to the middle class and lower-middle class home buyers who did not invest in properties because of the high rates of interests.
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Office Space Absorption drops down in Delhi/NCR

Delhi/NCR is one of the most important markets when it comes to office spaces and other types of commercial real estate. However, according to a report by Cushman & Wakefield, the office absorption in the market has come down by 57% in the first quarter of 2015. the corporates. Experts suggest that this decline has been due to the delay in decision making by

Office Space Absorption drops down in Delhi NCRBut since the demand is still strong, it seems like that the office absorption is going to get a push in the north direction in the coming quarters. Except for the market of NCR, the office space absorption in other cities like Bengaluru, Chennai and Hyderabad has seen an upward trend of up to 35 percent. The highest demand has come from the IT/ITES sector. [Read more…]