HYDERABAD BLUES
Article Abstract:
The commercial real estate market in Hyderabad is witnessing growth following large scale investment by IT firms. Several IT firms are shifting their base to Hyderabad. In Begumpet in Hyderabad, the price for commercial space ranges between Rs15,000- 20,000 per square yard while land near the airport is priced between Rs15,000-25,000 per square yard. Land for commercial use at the Central Business Division (CBD) ranges between Rs10,000- 13,000 per sq yard while built up space is priced between Rs1,600- 2,000 per sq ft with rentals priced between Rs8-15 per sq ft. Although commercial land prices are witnessing an increasing trend, Hyderabad is still preferred as an alternate place for investments as the rental values for commercial properties and real estate prices are the lowest when compared to other major metros. The cost of living is reasonable and manpower affordable when compared to other cities. The growth in the commercial real estate market in Hyderabad is expected to continue for two years following increase in NRI investments. (gs)(vr)
Comment:
The commercial real estate market in Hyderabad is witnessing growth following large scale investment by IT firms.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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20% FALL BEFORE REAL ESTATE BOTTOMS OUT: REPORT
Article Abstract:
According to the Colliers Jardine, the real estate prices will drop in the next 12 months and a 20 percent drop in a few strategic areas is expected. Hyderabad is sought after by software companies. The demand for commercial property has declined in Mumbai. The prices of commercial property in Nariman Point has declined by 10 percent. The commercial property in Delhi has declined marginally. Bangalore City is losing out software companies by its poor infrastructure and power shortages. The commercial property rates have declined by 15 percent in 1997. In Chennai, corporates have shifted away from Anna Salai to Nungambakkam High Road and Radha Krishnan Salai. (rk)
Comment:
India: Real estate prices expected to drop in next 12 months and a 20% drop in a few strategic areas is expected
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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STAMP DUTY DEPT SLASHES MUMBAI PROPERTY RATES
Article Abstract:
The State Government of Maharashtra has officially acknowledged the fall in property prices in Mumbai. Its Stamp Duty Department has cut down the official prices of properties by 15-20 percent effective January 1, 1999. The stamp duty becoming less costlier, following the revised property rates, is likely to increase the demand and registration of properties in Mumbai. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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