Smaller is smarter, luxury retailers are discovering, as they reduce the size of their stores across country to save on high rentals to realise higher profits.
Prices of cement, steel and labour have risen sharply in the past three months due to reduced supplies and a tight labour situation.
The first three months of 2012 have seen sluggish leasing of office space across key markets with only 4.1 million sq ft being absorbed.
Real estate firm Unitech Ltd is in talks with various financial institutions to raise around Rs 1,100 crore through lease rent discounting.
Unitech's competence is real estate, not telecom, and it will stick to real estate, the 2G-scarred company's chief said.
The total take-up of office space in India's seven largest cities dropped by 14% quarter-on-quarter in the first quarter of 2012.
The Tata group has sought the counsel of ace lawyer Harish Salve to devise a strategy that will enable it hold on to the Taj Mahal Hotel in Delhi.
Delhi's poshest hotels turned into plush fortresses when heads of BRICS nations and top executives of US investment bank Goldman Sachs arrived simultaneously in the city.
Canali says high import duty is one of the three major constraints slowing the growth of the $5.8 billion luxury market in India.
After imposing a 1% TDS on property transactions above a threshold, govt plans to make it mandatory for people to show proof of this tax payment.
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