Home prices in Hong Kong fall 0.6% in October, Real Estate News, ET RealEstate

HONG KONG: Private home prices in Hong Kong eased 0.6% in October, weighed down by a bigger drop for large apartments, official data showed on Thursday. The fall last month compared to a revised 0.4% gain in September, according to data from the Rating and Valuation Department. Prices have risen 0.4% so far this year. […]

Buyers find it hard to sell condos amid housing squeeze in Canada, Real Estate News, ET RealEstate

File Photo TORONTO | OTTAWA: Eager to move his young family into a house with a backyard amid the pandemic, Dale-Paul Jordan listed his Toronto condo for sale last month and prepared to start bidding on detached homes. But the condo didn’t sell or get a single viewing. And when another seller in the building […]

After lull, Ghaziabad development body flat sales pick up in three months, Real Estate News, ET RealEstate

GHAZIABAD: After Covid lockdown woes, the cash-strapped Ghaziabad Development Authority (GDA) seems to be finally finding takers for its properties. Between July and October, GDA sold properties worth Rs 125 crore, officials said on Tuesday. This comes as a major respite for the GDA as the auction process had to be stalled between April and […]

Income hit, Gurugram residents seek upkeep fee cut, Real Estate News, ET RealEstate

GURUGRAM: Residents of some housing societies in Gurugram are demanding the reduction of maintenance charges citing financial instability and loss of jobs due to the pandemic. They have also alleged that maintenance agencies have reduced their manpower, affecting the quality of their work, and so the upkeep fees should be brought down. Yashesh Yadav, a […]

315Work Avenue lease out 12,650 sq ft space in Bengaluru to Tata Technologies, Real Estate News, ET RealEstate

BENGALURU: 315Work Avenue, a coworking space provider has leased 12,650 sqft of office space to Tata Technologies, a global engineering and product development digital services company in ORR, Bangalore. The new facility will house Tata Technologies’ design studio, lab stations, meeting and conference rooms, and a wellness centre and will leverage its expertise in electric […]

Landlords in US are getting squeezed between tenants and lenders, Real Estate News, ET RealEstate

NEW YORK: When it comes to sympathetic figures, landlords aren’t exactly at the top of the list. But they, too, have fallen on hard times, demonstrating how the coronavirus outbreak spares almost no one. Take Shad Elia, who owns 24 single-family apartment units in the Boston area. He says government stimulus benefits allowed his hard-hit […]

Canada launches new business rent aid program, Real Estate News, ET RealEstate

OTTAWA: Canada on Friday announced a round of new and enhanced support for businesses impacted by the coronavirus pandemic, including a new rent subsidy program to replace its previous, and much criticized, rent-relief program. The Canada Emergency Rent Subsidy program will provide direct support to businesses and other organizations that are facing revenue losses, Finance […]

India office property market shows resilience, Q3 absorption up 64% on-quarter, Real Estate News, ET RealEstate

MUMBAI: Indian office property market has shown resilience as indicated by the rising net office take up despite the impact of Covid-19 on the business environment and the emerging challenge of the Work-from-Home model. Office property markets across the country have witnessed a net absorption of 5.4 million sq ft in the quarter ending September, […]

Tenants make beeline out of New Town, flat-owners feel the pandemic pinch, Real Estate News, ET RealEstate

KOLKATA: The pandemic has triggered an exodus from New Town, the fledgling township to Kolkata’s east, as young professionals, expats and students have returned home, leaving behind vacant apartments and horrified landlords. Several sprawling complexes — which were largely occupied by people from other states working in the IT companies in Sector V and New […]

Can WFH concerns over comfort revive commercial real estate?, Real Estate News, ET RealEstate

Real estate developers and select equity analysts believe that the initial euphoria about improved productivity from work from home (WFH) has ebbed and has now triggered concerns over employee burnout, organizational culture and team bonding. A survey conducted by Knight Frank also showed that 90 per cent of employees in the country miss their office […]

Call for Free Visit