Engineering firm Siemens Ltd is being cautious on accepting new orders after seeing payment delays because customers, mostly building infrastructure, are stressed due to a faltering economy. Sunil Mathur, the German multinational’s new chief executive officer in India, said in an interview that there is much pressure on capital goods firms, but things will improve when India regains…
The National Capital Region is emerging as the hub of foreign learning in the country, thanks to a slew of collaborations between Indian universities based primarily in Gurgaon and Noida and front line institutions in America, Britain and Singapore. The trend mirrors the economic boom in both NCR cities and an exponential rise in the…
You are cordially invited for the ground breaking ceremony (bhoomi poojan) of IREO’s prestigious ‘ASCOTT serviced residences & City Central’ project on Wednesday, 19 February 2014 starting at 10:30 am.
Gurgaon is expected to witness significant number of lease renewals in office spaces 2014 and 2015 as companies that had set up offices in 2004 – 2006 are approaching the end of their lease terms . These companies — the “ first wave” of occupiers — will have to pay rentals at present market rates…
Net addition to mall space in Chennai, Delhi, Bangalore, Mumbai, Kolkata, Hyderabad and Pune is set to more than double to 11.6 million square feet in 2014. This will take up the mall stock across India’s metropolitan cities to 87.7 million sq feet by the end of the year, according to a new report by…
The world’s super rich people hold a fifth of their wealth in property, estimated at $5,328 billion, while Asia’s ultra rich have a greater share in real estate, a report says. According to international real estate advisor Savills, in association with Wealth-X, property accounts for about a fifth of the invested wealth of almost 200,000…
The last calendar year was tough for job seekers. Organisations, across most sectors, in India Inc had been apprehensive of hiring as the overall economy was undergoing a great deal of fluctuation and uncertainty. However, things are expected to be visibly different in 2014. “Fresh job opportunities are expected to be created in various sectors,”…
This is with reference to some articles that recently appeared in the press relating to a judgement of the Hon’ble High Court of Punjab and Haryana which have raised unfounded concerns amongst our valued customers. The said articles refer to a Hon’ble High Court judgement quashing a 2009 Haryana government notification for acquisition of 1400…
What cannot be learned in the class room or the board room, is better learned by market dynamics, that too, against the odds. The Indian real estate sector, in search of better finance and clear policies, seems to have learned it on the job and hence, there seems to be a strategic shift in its…
Well linked Not just the NCR, but also adjoining areas, such as Sonepat, Faridabad, Rohtak, Jaipur, Agra and Meerut, are growing rapidly, thanks to a good network of expressways and rail links. Almost all the major real estate developers have a presence in the region. These include DLF, Unitech, Tata Realty, Parsvnath, Raheja and Supertech.…
The overall office space absorption in the top seven cities of the country grew by approximately 35 per cent in fourth quarter of this fiscal at nearly 8.2 million square feet against six million square feet in the previous quarter, according to real estate consultancy CBRE’s latest report. Few big ticket transactions in IT, pharma…
Prime Minister Dr Manmohan Singh today sought to dispel apprehensions of the Indian diaspora on the state of the economy, saying the country was heading towards “better times” and there is no reason to despair about its present or worry about the future. He also said that regardless of the outcome of the next elections,…
The Indian economy has had another tough year. Inflation went as high as 7.52%, job opportunities reduced significantly across industries, the rupee saw steady erosion against the US dollar and market sentiments reached what was possibly their lowest point ever. And yet, things could be worse. During the depths of the US economic crisis, entire…
ET Now: What is the sense that you are getting about the market? The last few days of volatility clearly seem to be indicating that perhaps 6400 was the ceiling in the near term. Sandeep Bhatia: Yes, the kind of run that we saw in November or the first half of December is not something…
Investments in the real estate sector grew by 53% in the first three quarters of calendar 2013 with an infusion of $1,885 million against $1,235 million during the same period in the previous year. The increase is primarily attributed to the surge in the investments from the private equity market, according to analysts. The majority…
