MUMBAI/DELHI: Niche luxury brands like Italian suit maker Kiton and British shoemaker John Lobb have started bespoke made-to-order services in India, but they are in no hurry to open swanky stores in the country. Reason: inability to find a place on the right location at reasonable rates. “Rentals in India are as high as international markets, but the demand is not as much,” said Pratik Dalmia, founder of Mumbai-based Regalia Luxury, which has the rights to market and sell Kiton and John Lobb brands in India. Steep rentals and lack of quality retail real estate at strategic locations near high-income neighbourhoods are making it hard for luxury brands to expand […]

NEW DELHI: One would imagine that office rents would go down with a strong bounceback in demand for space from corporates. Pure economics, one would think? Not really. Office rentals are likely to climb up in the coming months because of a shortage of quality spaces in key business districts around the country. “In certain key locations, rentals could go up 20-25 per cent in the next 12 months,” says Sanjay Dutt, executive managing director for South Asia at property consultancy Cushman & Wakefield. The situation has been brought on by the fact that most developers and even private equity players have chosen to focus on the residential property market […]

The Mumbai Metropolitan Region Development Authority (MMRDA) has begun the construction of 3.1 km-long new Metro Line 7A. The proposed metro corridor would comprise two stations and would connect Line 7 with the Chhatrapati Shivaji International Airport. The Mumbai Metropolitan Region Development Authority (MMRDA) has commenced the development of the Metro Line 7A.  The reach of the new metro would be 3.1 km, out of which 2.1 km-long section would be underground and would include a twin-tunnel. The corridor would establish connectivity between Metro Line 7 and the Chhatrapati Shivaji International Airport. Other areas that are expected to benefit from the improved connectivity include Andheri and Dahisar (East). According to an MMRDA […]

PUNE: The Pune Municipal Corporation (PMC) on Saturday demolished illegal constructions spread over 4,000 sq ft in Warje. Civic officials said these included residential and commercial establishments. The premises in the side and front margins were occupied without permission from the civic administration. In February, the civic administration had acted against encroachments in Ambegaon, Bavdhan and Yerawada. Illegal constructions over 1,432 sq ft, 9,000 sq ft and 4,632 sq ft, receptively were demolished in the drive. The civic body has acted against over 3,300 illegal constructions in the last year. As part of the drive, illegal sheds and houses built in concrete on an area of 22 lakh sq ft […]

NEW DELHI: Low-cost housing, which found several mentions in BJP’s 2014 election manifesto, is likely to get infrastructure status, making it easier for real-estate developers to get finance from banks and for longer tenures, and eventually increasing the supply of houses. While developers are in favour of an infrastructure tag to the housing sector as a whole, the government is likely to grant it only to the low-cost segment, said a senior government official, who did not wish to be named. According to government definition, low-cost houses are those with an area of up to 40 sq metres. BJP’s manifesto talks about rolling out a massive low-cost housing programme to […]

The dust has settled on the elections drama and the BJP is now firmly in the driver’s seat. By and large, this is being seen as the best possible news for the Indian real estate sector – and rightly so. Narendra Modi has the business mind-set, background and also determination which are called for to bring India’s entire economy back on track. What the real estate sector now awaits is his policy approach to the issue of housing in India. Now, as the country stands poised on the verge of a major change in economic climate, it is a good time to reflect on why boosting the housing sector is […]

Investment in the real estate sector in January-March, 2014, has more than doubled to $800 from the previous quarter of only $317 million, mainly driven by corporate land sales. Around $597 million was invested in the sector a year ago. More platform deals and equity stake acquisitions can be expected. “Although India is not yet a significant player in the regional real estate investment market, going forward, we expect the entry of real estate investment trusts (REITs) to provide alternative funding channels to the sector and trigger strong growth in its investment volumes,” said Anshuman Magazine, chairman and managing director, CBRE South Asia. For the quarter ended March 2014, nearly […]

BANGALORE/MUMBAI: After a lull of nearly three years, sale of large land parcels is picking up across the country amid a general improvement in sentiment on expectations that the new government will focus on infrastructure development. Not only developers but private equity (PE) players, too, are keen on joining hands with builders to acquire land parcels at fair valuations without having to pay a premium as corproates try to unbolt the value of their real estate properties, inspiring the realty market out of its trance. Some of the builders looking for sewing large land transactions include Tata Housing Development Company, Oberoi Realty and Runwal Group in Mumbai, DLF in Delhi, […]

According to a study by India Ratings, lack of credit availability and ongoing economic slowdown in India due to the coronavirus pandemic could lead to the residential sector witnessing weak demand in the fiscal year 2020-21.  Residential demand could remain muted in the next financial year, 2020-21 due to the increasing risks to India’s growth in case the economic impact of coronavirus continues beyond the first quarter.   Moreover, the housing sector faces a liquidity crunch and refinancing challenges due to increasing uncertainty over the availability of credit in the market, coupled with poor demand. This is in the backdrop of the recent meltdown in the financial market and rising risk […]

Buying a house or any residential property in Noida will now be a costlier affair, as the Noida and Yamuna Expressway authorities decided to hike the land allotment rate up to 10-12% at a board meeting on Monday. “We have increased the land allotment rate up to 10% in Noida in all categories, except for commercial properties. Rates of commercial property in Noida will not be increased because we want to correct the rates. “Land allotment rates will be hiked up to 12% in Yamuna expressway area. The rates are unchanged in Greater Noida because they saw an increase in February this year,” said Rama Raman, chairperson of Noida, Greater […]

Meenakshi Sinha,TNN | Jun 3, 2014, 03.41 AM IST NOIDA: The Federation of Noida Residents’ Welfare Associations (FONRWA) on Monday protested the 10.5% hike in residential land prices by the Noida Authority. N P Singh, president of FONRWA, said, “The land in Noida is either sold out or belongs to farmers. So what land does the authority propose to increase the prices of? When they don’t have land to sell or buy, they have no right to increase the rates. It’s just a ploy to make Noida an expensive city for homebuyers and make money at the expense of its residents,” said Singh. According to Singh, the proposed increase will […]

NEW DELHI: Builders in Noida are unable to hand over more than 30,000 completed homes to their buyers, because of a National Green Tribunal order forbidding the Noida Authority from giving completion certificates to projects within a 10-kilometre radius of the Okhla bird sanctuary. Developers in Noida say they have in the past seven months since the tribunal’s order lost close to Rs 1,000 crore as they have been holding on the flats, paying interest on their loans as well as penalty to home buyers. “Everyone is bleeding,” said Vineet Gupta, director of the Ajnara group, which has around 1,500 apartments waiting to be handed over to buyers. Projects of […]

NEW DELHI: As more Indians log online to seek information before entering into property deals, Internet today is estimated to be influencing decisions worth about USD 43 billion, search engine giant Google said. According to a study commissioned by the US-based firm, over 50 per cent of real estate buyers’ decisions are influenced by Internet research. “This phenomenon of researching online for real estate information before making a decision is not limited to metros but also extended to buyers in tier II cities,” Google India Industry Director Nitin Bawankule told reporters here. The overall influence of Internet on real estate transaction value of both residential and commercial property including rentals […]

In order to expedite the completion of eight stalled residential projects in Noida and Greater Noida, the National Buildings Construction Corporation Limited (NBCC) would soon issue a tender. The NBCC has plans to float a tender for completing the eight stalled housing projects of Amrapali, which includes over 23,000 residential units in Noida and Greater Noida with a total investment of over Rs 5,000 crore. The decision to issue the tender was made after the directive issued by the Supreme Court (SC) to take over the stalled projects in the region. Last year, the apex court had given the responsibility to State-owned NBCC to complete the delayed projects in NCR at the […]

NEW DELHI: As many as 29 special economic zone developers including Tata Consultancy ServicesBSE -0.20 %, Parsvnath Infra and Navi Mumbai SEZ Pvt Ltd have sought more time from the government for implementing their projects. The inter-ministerial Board of Approval (BoA) chaired by Commerce Secretary S R Rao will consider these requests at its meeting on November 8. Posco-India Pvt Ltd, Unitech Infracon and Lodha Dwellers have also requested additional time for project implementation from the BoA, according to the agenda note of the meeting. The developers have cited reasons like global meltdown and fluctuating market conditions for delay in completion of projects. TCS, which is setting up IT/ITES zone […]

CES 2014, LAS VEGAS – HARMAN, the premium global audio and infotainment group (NYSE:HAR) debuted several new products for the mobile aftermarket today at CES, continuing its tradition of leadership for best-in-class car audio.

CES 2016, LAS VEGAS – Today, HARMAN International Industries, Incorporated (NYSE:HAR), the premier connected technologies company for automotive, consumer and enterprise markets, announced the newest version of Infinity® Reference Speakers and...

CES 2016, Las Vegas – Today, HARMAN International Industries, Incorporated (NYSE:HAR), the premier connected technologies company for automotive, consumer and enterprise markets, announced the next generation of the Infinity® Kappa Series Subwoofers. The...

CES 2017, Las Vegas – January 4, 2017 - Today, HARMAN International Industries, Incorporated (NYSE:HAR), the premier connected technologies company for automotive, consumer and enterprise markets, announced the Infinity BassLink DC compact powered ...

CES 2019 - LAS VEGAS, NV – January 7, 2019 – HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co. Ltd., focused on connected technologies for automotive, consumer and enterprise markets, is showcasing at CES 2019 the vehicle’s role...

The desire to get things ‘my way’ is innately human. From suggested playlists on Spotify to personalized recommendations on Netflix, consumers love it when things are tailored to their own preferences. The concept of personalization isn’t new but the...

With the opening of its Luxury Audio Studio, HARMAN is building on the success of its Experience Store in Munich and creating a whole new dimension of experiential excellence. Dedicated to the Art of Listening, the new Luxury Studio celebrates and...

Digital innovations are shaking up the hospitality industry with the help of technologies such as artificial intelligence that are unlocking new and better customer touch points and experiences. When hospitality providers deploy AI-powered technologies,...

HARMAN Professional Solutions and IBM (NYSE: IBM) Watson Internet of Things (IoT) today unveiled Voice-Enabled Cognitive Rooms. Using IBM's Watson artificial intelligence (AI) technology and HARMAN AKG microphones, JBL speakers and AMX AV control and ...

MUNICH, Germany – HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer and enterprise markets, today announced the opening of its first Experience Store in Europe....

HARMAN has just inaugurated its very first Experience Store in Europe. Located at Sendlinger Straße 46, in the heart of Munich’s bustling central shopping district, the new location is designed to showcase HARMAN’s award-winning audio solutions and...

Studies show that listening to music can elevate your mood, reduce stress, ease pain, fend off depression, and even improve post-surgery outcomes. So if you are looking for a simple way to uplift your mood on any given day – just sit back, listen and cue...

Today’s companies see the importance of design as more consumers demand elegance alongside flawless functionality and exceptional user experience. As a company that has created countless ingenious product designs in different markets all over the ...

CES 2020, LAS VEGAS – JANUARY 6, 2020 – No wires? No problem. JBL continues to elevate its true wireless headphones portfolio by adding two more options to their existing lineup. Whether it’s window shopping on city streets, commuting into the office, or...

CES 2020 – LAS VEGAS, NV – JANUARY 6, 2020 – When it comes to competitive gaming, sound is survival – and JBL knows great sound. Today at CES, the company unveiled the first-ever JBL headset range and PC speaker designed exclusively for gamers, featuring...

CES 2020, LAS VEGAS – JANUARY 6, 2020 – HARMAN International Industries, a wholly-owned subsidiary of Samsung Electronics Co. Ltd., focused on connected technologies for automotive, consumer and enterprise markets, is announcing its entry into the gaming...

CES 2020, LAS VEGAS – JANUARY 6, 2020 – HARMAN International Industries, a wholly-owned subsidiary of Samsung Electronics Co. Ltd., focused on connected technologies for automotive, consumer and enterprise markets, announces that the Personi-Fi platform...

Every sound makes a difference. This is of particular importance while playing today’s technology-powered and immersive video games. Since its inception, JBL has introduced countless innovative audio solutions that unlock unforgettable experiences....

The world has changed – and there may be no going back. In the face of the COVID-19 epidemic, millions of people across the globe have taken up the rallying cry of “stay at home” in...

BENGALURU, INDIA –  HARMAN (NYSE:HAR), the premier connected technologies company for automotive, consumer and enterprise markets, today announced that it has launched its global corporate social responsibility initiative, ‘HARMAN Inspired’, in India....

GUJARAT, INDIA – HARMAN (NYSE:HAR), the premier connected technologies company for automotive, consumer and enterprise markets, today opened an exclusive premium showroom for its high-end, Luxury Audio range of products in Ahmedabad, Gujarat. This is the company’s fifth luxury audio showroom* in India and offers the most advanced high-performance audio systems available in the country.

BENGALURU, INDIA – HARMAN International Industries, Incorporated (NYSE: HAR), the premier connected technologies company for automotive, consumer and enterprise markets, today announced that it has opened a new center of competence (CoC) for HARMAN’s...

By Dr. Cristina Bettencourt, Head of HARMAN University   At HARMAN, we owe every degree of our success to our talented and dedicated employees. While we already have extraordinary talent across all of our operations, we never stop trying to improve by...

March has been an exceptionally exciting month here at HARMAN. Our celebrations of International Women’s Month encompassed inspirational stories across departments, geographies, cultures and continents. Campaigns and programs were successfully launched...

HARMAN Professional Solutions delighted scores of music fans in India with yet another successful edition of HARMAN Live Arena at The Palm Expo- country’s foremost exhibition of Professional Audio Products. A roster of incredible musicians rocked the...

NORTHRIDGE, Calif.—HARMAN Professional Solutions, the global leader in audio, video, lighting and control systems, including networked AV, today announced new JBL IRX Series portable PA loudspeakers at the 2020 NAMM show in Anaheim, California. At NAMM,...

NORTHRIDGE, Calif.—HARMAN Professional Solutions, the global leader in audio, video, lighting and control systems, today announced new JBL Professional One Series 104-BT and 104-BTW desktop reference monitors with Bluetooth will be making their debut at...

NORTHRIDGE, Calif.—HARMAN Professional Solutions, the global leader in audio, video, lighting and control systems, today announced the new AKG Podcaster Essentials bundle at the 2020 NAMM show in Anaheim, California and the 2020 CES shows in Las Vegas,...

Stamford, CT, Feb. 3, 2020 -- HARMAN, a wholly-owned subsidiary of Samsung Electronics Co., Ltd., focused on connected technologies and solutions for automotive, consumer and enterprise markets, today announced that Dinesh Paliwal will step down on April...

Sensuous and unique, the smooth white structures of the John F. Kennedy Center for the Performing Arts new, 21st century The REACH complex promises a different sort of experience than its more formal neighbor. Featuring innovative indoor and outdoor...

The car is expected to change more in the next five years than it has in the last fifty. What will the future of automotive audio look like? What challenges will suppliers and OEMs alike face in the coming years? At the upcoming International Conference...

In today’s age where data is king and smart technologies are abundant, customer experience is more important than ever before. But is the world ready to fully embrace the intelligent technologies that are being designed to boost consumer engagement and...