News about India

KUALA LUMPUR (May 17): Construction company Zelan Bhd is tendering for contracts worth RM4 billion this year, comprising local infrastructure projects, as the company winds down its overseas operations.

KUALA LUMPUR (April 18): Nippon Paint Malaysia Group showcased its second “Trend Beyond Colours”, which features nine key colour palettes, that are forecasted to drive utilisation across various industries and applications in 2016 and 2017.

IT IS DÉCOR that turns one’s house into a home, be it ever so humble, with a touch of chic and elegance.

KUALA LUMPUR (April 8): Malaysian construction companies should take advantage of the rapid development and expansion in India to explore infrastructure and investment project opportunities there, urged CIDB Holdings Sdn Bhd (CIDBH) chairman Datuk Seri Dr Judin Abd Karim (pictured).

  CHENNAI (Feb 15): Chennai recorded a 62% drop in new property launches in 2015 compared to 2014, due to a lot of existing supply in the market, according to JLL India.

MUMBAI (Sept 23): A good 69% of unsold property inventory (within the Brihanmumbai Municipal Corp limits) is of units worth more than INR one crore (about RM658,000) each, amounting to 30,501 units out of a total 44,032 reported JLL India.

KUALA LUMPUR (Sept 2): Property developers in India will continue to face challenges in the next 12 months as developers deal with weak cash flow, flat sales and stagnant prices, according to the Moody’s report, Developers' cash flows to remain weak amid flat sales and high costs.

KUALA LUMPUR (Aug 27): To allay buyers’ fears of completion delays, India’s real estate developers must exhibit construction progress, said Jones Lang Lasalle (JLL) India assistant vice-president for research and real estate intelligence service Suvishesh Valsan.

MUMBAI (Aug 18): India’s property developers are adopting the fast-moving consumer goods (FMCG) industry’s “sachet marketing strategy” from the late 1990s in a bid to whet buyers’ appetites, said JLL India chairman chairman and country head Anuj Puri (pictured).

India's financial capital Mumbai, will add between 12 million to 15 million sq ft of office space, an increase of about 16%, to its current Grade A office stock of 96 million sq ft in the next two years, according to  JLL India research.