Goa realty prices come down by 25%

Published: February 19, 2009

PANAJI: The meltdown has started to trickle into Goa’s real estate market. According to developers, prime property rates are down by 5-10%, while the prices of flats constructed by small-time builders are down by 20-25% since the New Year. Prices, they predict, are likely to fall further by mid-2009.
“Small builders have reduced their rates by [...]

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It’s not the best of times for real estate funds

Published: February 19, 2009

MUMBAI: It’s not the best of times for real estate funds. Given the slowdown in the sector, realty funds are going slow on raising money from their investors - a process that is referred to as the draw down option. Lack of  investment opportunity is cited as the prime reason.
Typically, a real estate fund works [...]

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Kolkata Govt Rejects DLF Township Proposal

Published: February 17, 2009

The West Bengal government has rejected DLF Ltd’s proposal to build a 500-acre township at Dankuni in the suburbs of Kolkata, according to the state’s principal secretary Subesh Das.
Though in July 2006, the state government had chosen DLF through competitive bidding to build a 4,840-acre township in the same area, it couldn’t acquire land for [...]

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Real estate market in for a sea change

Published: February 17, 2009

CHENNAI: With the economic slowdown, the real estate market will undergo a sea change and both residential and commercial markets will get corrected. This will lead to stabilized market for real estate across the country.
As far as residential space is concerned, the market for affordable housing has been on the increase. In the last few [...]

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How a real-estate firm tries to buck the slump

Published: February 11, 2009

New Delhi: The slump in the Indian real-estate industry has forced one of the country’s largest real-estate developers to introduce a scheme that would have sounded incredible yesterday.
The company, which is listed in India, told The Indian Express it would pioneer a ‘price protection’ scheme soon for customers buying homes in the Rs 20 lakh-to-Rs [...]

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Six Home Loan Mistakes to Avoid

Published: February 11, 2009

The age-old fear of moneylenders has instilled a natural financial discipline among Indians. Yet, the heady growth over the past four years has lulled many into a false sense of security and put them at risk of falling into a debt trap.
Risks for borrowers increased manifold after the markets moved towards a floating rate regime [...]

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NRIs urged to invest in property business

Published: February 9, 2009

MANAMA: Indians should turn the present financial crisis to their advantage by investing in the real estate business back home, says a leading Bahrain businessman.
With property prices and rents spiraling in the Gulf and the Indian rupee depreciating, Indian real estate developers are actively promoting their products among expatriate Indians, including those in Bahrain.
“Despite the [...]

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DLF Plans 500 Acre Township Project in Kolkata

Published: February 5, 2009

DLF Ltd has proposed building a 500-acre township at Dankuni in the suburbs of Kolkata, abandoning plans to develop a 4,840-acre township in the same area, which was to be its biggest project in eastern India. In July 2006, the West Bengal government had awarded the contract to build a 4,840-acre township in Dankuni in [...]

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Twists and Turns in the Bangalore Real Estate

Published: February 3, 2009

Are you planning to set up your dream home here? It’s an excellent time, because prices are down and promotions are up. But it will help to have the cash, because loans are hard to come by in this age of recession. Real estate developers in the Karnataka capital are bending over backwards by offering [...]

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