India
Jumeirah Group moves into India with Mumbai property
Jumeirah Group, the global hospitality company and a member of Dubai Holding, has signed a management agreement to operate a luxury hotel in central Mumbai, India.
Delhi sees biggest spike in home prices among metros despite sales dip Revolution Golf 05.11.2012 | Voltas puts Mumbai property in block Money Control 31.10.2012 |
 Most big cities, including Delhi and Kolkata, have witnessed a sharp rise in property prices despite fewer sales in the first quarter of the current financial year ending March 2013. Brokerage Nomura attributed the price increase to limited supply. |  Voltas has put one of its Mumbai property in block, which could fetch approximately Rs 75 crore, reports CNBC-TV18. At 09:35 hrs Voltas was quoting at Rs 111.25, up Rs 1.45, or 1.32%. |
Jones Lang LaSalle to launch new real estate fund soon The Rconomic Times 31.10.2012 | |
 BANGALORE/MUMBAI: Property consultancy firm Jones Lang La-Salle (JLL) India has set up a new entity JLL Segregated Funds Group to raise funds to invest in the Indian real estate market, and its first fund worth . 300 crore will be launched soon in the domestic market. |  Projects at affordable prices helped boost sales in Pune, while Bangalore saw a huge demand for high-end properties |
Mumbai's leased land to attract annual rent based on ready reckoner The Economic Times 09.10.2012 | Competition Commission of India rejects complaint against Supertech The Economic Times 09.10.2012 |
 MUMBAI: The land properties in Mumbai city and suburbs given on long lease by the government will now be charged a new lease rent based on ready reckoner rates as and when they come for renewal. The Maharashtra cabinet gave its approval to this hike in rent rate on Tuesday. As a result of this decision the lease rents in Mumbai will go up in some cases by about 18,000 times. |  NEW DELHI: The Competition Commission today rejected a complaint regarding alleged abuse of dominance by real estate developer Supertech, as the fair trade regulator did not find any evidence to support the charges. |
Mumbai property sales registrations continue to fall Live Mint 23.09.2012 | |
 Bangalore: Mumbai property sales registrations declined for the third month in a row, as developers launched fewer projects and approvals for a large number of projects are still pending. |  LOS ANGELES, California - Green Globe announced re-certification of the Cinnamon Lakeside Hotel Colombo in Sri Lanka. Since the initial onsite audit two years ago, this luxury property implemented a number of improvements and has continuously demonstrated leadership in sustainable tourism and corporate social responsibility. |
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