Excellence Awards 2009 for real estate

Published: January 28, 2009

To acknowledge the extraordinary contribution of various developers in the real estate sector in the year gone by, Realty Plus, the leading magazine for all real estate needs, announced the winners of Realty Plus Excellence Awards 2009 at New Delhi on Friday evening.
“Developer of the Year” award in residential category was awarded to HIRCO Group, [...]

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Slump in Real Estate Investment

Published: January 27, 2009

According to an ASSOCHAM Investment Meter study, the real estate sector investment plans slumped drastically from INR 1,15,326 crore in Q1 FY 208-09 to meek INR 22,482 crore in the Q3 of the fiscal. Owing to tighter credit and a steep decline in demand, CAPEX announcements of the sector plummeted 82% between the first and [...]

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Still unreal estate

Published: January 22, 2009

Among the measures taken by the Reserve Bank of India in recent weeks, a special importance has been placed on the real estate sector as an engine of economic recovery. Concessions have been given on the interest charged on home loans below Rs 20 lakh, and repayment terms made more liberal for developers who had [...]

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Real Estate slowly becoming buyer’s market

Published: January 22, 2009

Is real estate gradually becoming a buyer’s market from being a seller’s market? More than 50 of the 220 people who booked plush flats at the Sea woods NRI Estate in Nerul have stopped paying their monthly installments. And, the developer of the two projects, City and Industrial Development Corporation (Cidco), is running after them [...]

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First Quarter of 2009 - Best time to purchase a home

Published: January 20, 2009

Firstly, experts feel that residential prices are likely to stabilize from April onwards with fears of deflation looming large over the Indian economy. Moreover, the persistent decrease in the general price level of goods and services is likely to bring down interest rates to affordable levels, which will mean that the pendulum will shift from [...]

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India’s best places to invest in real estate in 2009

Published: January 12, 2009

Investing your money in real estate is not enough. Knowing where to invest is necessary for attractive gains in the property market. So which are the best places to invest in real estate in 2009? Global real estate consultancy Jones Lang LaSalle Meghraj (JLLM) outlines the nine best places that can fetch you lucrative returns:
Mumbai: [...]

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Greater Noida Phase II to boost development activities

Published: January 10, 2009

If implemented, the Greater Noida Phase-II will impart a new momentum to the development of the zone. Akash Vashishtha takes a look on the current status, the opportunities and future of the region The state government’s plan of setting up Greater Noida Phase-II is expected to boost the already high industrial character of Greater [...]

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India’s upcoming property markets

Published: January 10, 2009

What is happening to the real estate boom of the past three years? Is the sector maxed out? No, not by a long shot! What is happening is that development is traveling new paths to attract your investment.
When, at the end of 2006, you wrung your hands at the incredible land prices in the tech-driven [...]

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Realty: what to hope for in 2009?

Published: January 8, 2009

Before we dwell in 2009, it is pertinent to note that real estate sector has witnessed phenomenal accelerated growth from 2005 to first quarter of FY09, both in residential and commercial segments. The rationale for this spurt in demand was the incentives offered by the government to real estate.
Eventful past, bright future?
In 2005-2006, the surge [...]

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Buying a home abroad a viable investment option?

Published: January 1, 2009

The realty industry is one of the worst-hit sectors globally following the financial meltdown, but for the well-heeled in India, this is excellent tiding. With real estate prices at an all-time low across borders, buying property abroad is suddenly making sense to affluent Indians.
“The property slump is not just confined to India. Prices have [...]

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2009 - A happy new year for real estate?

Published: January 1, 2009

What goes up has to come down. On a high since 2005, Indian property market discovered in 2008 what a descent is like, with demand, particularly for housing, falling by up to 50 per cent that triggered 15-20 per cent decline in prices.
High interest rates regime and economic slowdown, coupled with the ripple effect of [...]

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