However, with interest rates expected to remain steady, the sector is anticipated to navigate any short-term headwinds successfully and head one other year of development. Axis Bank has leased over eighty one,300 sq ft office space in Mumbai’s Parle Product Factory Compound for 5 years with a monthly hire of Rs 85.37 lakh. Axis Bank will Real Estate News have exclusive access to eighty one four-wheeler parking spaces and 300 two-wheeler parking slots. The latest news, evaluation and developments in real estate for executives, brokers and agents. Instead, the season was a dud, stalled by a dramatic spike in mortgage charges that shocked even business consultants with its chilling effect in the marketplace.
- Currently, rental yields in regions like Sharjah and Abu Dhabi range from 6-8 percent, whereas Dubai has the best yields, at 9-10 percent.
- The end result was a run up on house costs at a pace by no means seen earlier than in U.S. history.
- The state authorities plans to extend footfalls in Metro and monorail by introducing a new regulation for transit-oriented growth zones.
- This led to an increased vacancy in workplace spaces and a reevaluation of retail spaces, as remote work became extra prevalent and e-commerce continued to rise.
- The whole money to be recovered by the state’s revenue department has almost doubled from Rs 245 crore in July 2022.
- With the vision of rising business and diversifying its affect, Lodes sets forth to bring Italian artistry into the Asia-Pacific area.