www.india-reports.com, the website that provides the most relevant and upto date information on India and doing business in India is offering a Weekly Real Estate News Update which captures latest news, trends, events and happenings in the real estate sector.
The latest news update states that demand shows signs of picking up from genuine end-users as prices and rentals decline. The government is also planning to ease rules on IT built-up space as the sector faces a likely downturn, reducing demand. Raising finances is still a problem and Unitech’s GDR issue has hit a roadblock due to lack of transparency. Developers are nevertheless planning launches, especially in cities like Chennai and Kolkata, which had not seen major over-supply of real estate space. The global pharmaceutical companies plans to make India a major base and this should substantially increase demand for pharmaceutical SEZs. During downturns, takeaways usually fare better and keeping in line with such expectations, Macdonald, the fast food chain, plans to expand further this year. While West Pioneer Properties, listed in London, plans to foray into India, Dabur plans to go global.
To know more, visit http://www.india-reports.com/Real-Estate-wk/index-real-estate-wkly.aspx

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