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by Overseas Property Mall on Wednesday, November 30th, 2011 in Billionaire Homes, Mumbai Property
Unbelievable.That is the only word fit to describe the fact that the world’s tallest, most luxurious, lavish and downright most expensive single-family home has been left lying empty for what is now more than a year since its completion. People are understandably angry at the waste. But that is not the only unbelievable thing about this mammoth building built by Indian billionaire Mukesh Ambani.
by OP-Mall on Tuesday, February 24th, 2009 in Billionaire Homes, Buying Property, London Property, Luxury Property, Monaco Property, Moscow Property, Mumbai Property, New York Property, Property in Paris, Rome Property, Singapore Property, Tokyo Property
Provided you have the spare cash-flow and fancy a spot of sea change, then you might like to invest into a second home somewhere more exciting and away from home. But with investment usually comes cost and lifestyle change and we wonder, if it is really worth it?
Only those who have taken the plunge know this with certainty, for all others you can dream on by looking at the world’s most expensive cities to own a home. Compiled by the guys from Global Property Guide.
by OP-Mall on Monday, December 8th, 2008 in Indian Property
After seven months of dwindling real estate sales in Mumbai leading up to the end of October this year, Mumbai has now lost all hope for a market revival after terrorists attack late last month, that claimed 195 lives.
By targeting wealthy Westerners, industrious, wealthy and hardworking citizens of Mumbai, the terrorists managed to grind the economy to a total standstill.
by OP-Mall on Tuesday, September 30th, 2008 in Brazil Property, China Property, Indian Property, Russia Property
São Paulo Skyline
The term BRIC originated back in 2003 and was coined by Goldman Sachs economist Jim O’Neill. It was O’Neill’s opinion that since the US economy took a nose dive it allowed the BRIC countries Brazil, Russia, India and China to take a bigger slice of the world’s gross domestic product.
We would be taking a quick peek into the property markets of these four countries, to gain a better overview of what exactly is going on.
by Overseas Property Mall on Saturday, August 30th, 2008 in Indian Property
India’s rising middle class residents, seem to be catching ‘Gated Community’ fever for security and luxuries on offer. With the exodus of the return of non Resident Indians (NRIs) to India booming at the moment, a ‘private neighbourhood’ trend is rapidly catching on in the domestic property market.
For a small annual premium, residents are protected from sporadic water and power cuts, everyday civil problems, and unpicked garbage cans. The communities tend to be self sustaining providing their own power, water, security and sanitation services.
by OP-Mall on Tuesday, August 26th, 2008 in Indian Property
Bangalore Skyline
India’s property market was on a high not so long ago. Property investors were flocking to new developments to cash in on a promising future. The new middle class had available funds to help them buy their first homes and everything seemed rosy. Even when the first sign of the global credit crunch appeared, India still powered on.
The market started to pick up back in 2005, when the Indian government eased overseas investment stipulations to make the market more friendly for all. Coupled with India’s economic boom, it made for a fantastic combination until…
by OP-Mall on Wednesday, July 30th, 2008 in Goa Property, Indian Property
Goa Vainguinim beach
We just read an interesting radio interview transcript between BBC presenter John Waite and some expat UK property buyers that purchased property in the little slice of Indian paradise called Goa.
It seems that one little word can potentially cost hundreds of them their home. The word in question is “uncertain” and it was the hook needed by the Goan government to change a perfect existing law into one that is causing disbelief, upheaval and costly court cases in the future for sure.
by OP-Mall on Wednesday, June 4th, 2008 in Indian Property, International Real Estate Trends, Japan Property, Moscow Property, Research, Singapore Property, Vietnam Property
Global economies have been harshly affected by three major factors; soaring food prices all over the world, the disruption in the financial and credit card markets within North America and the massive increase in energy prices for net consumers.
Despite all the impact these events have had on the global economy, the U.S. posted a 0.6% annualized rate of GDP growth in the first quarter this year. Naturally, all these factors affect the office market worldwide. CB Richard Ellis has released their latest report of Global Market Rents that indicates office rents and occupancy costs worldwide. Like last year, London’s East End is topping the list once again for being the most expensive markets.
by Overseas Property Mall on Wednesday, March 12th, 2008 in Indian Property, Predictions
Sometimes, it pays to look at other news sources when looking for property investing opportunities. This article for instance, from the Financial Times:
“Thomas Cook Group is buying back the Indian business it sold to the Dubai Financial group two years ago, the first stage in its strategy to expand the brand in emerging markets.
The travel operator is expected to announce on Friday it is bringing Thomas Cook India back into its stable, re-establishing its presence in a market it entered in 1881.”
The full article is here, but basically, Thomas cook, a well-established British travel agency have decided to buy back the Indian division that they sold some time ago. Why? Because they see emerging markets such as India, Russia, and China as potentially large markets.
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