 |
 |
-
Real Estate India
-
Explore Inside Pages
-
News by Month
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
Bangalore Suffers 10% Decline in Real Estate
| April 6, 2009 |  (Be the first to rate this story!) Loading ... |
The Brigade Group on Friday said the real estate sector in Bangalore had suffered a 10 per cent drop due to the economic slowdown. “Like other sectors which bore the brunt of recession, the impact on real estate has also been felt. Even a cosmo city like Bangalore, which was most happening in terms of real estate, has suffered a 10 per cent drop”, M R Jaishankar, Chairman & Managing Director of the Group told reporters here.
The real estate group, which has three properties under Homestead in the city, would, however launch all its 12 properties, of which seven are in Bangalore by 2012, including two hotels in partnership with the Sheraton group, he said. “One of the Sheraton Hotels will be opened in another 15 months”, Jaishankar said. The remaining five include an island resort in Kerala. “Except one Sheraton hotel in Bangalore, all others are on the drawing board, but however will be launched by 2012″, he said.
News Published Under: Bangalore |
|
Add to Favourite:
:
|
Related News:
