Realty may see sales building up in Q4, but profits could fall

Published: April 24, 2009

India’s real estate companies are expected to see a marginal rise in sequential sales in the fourth quarter ended March 31, 2009, on the back of good demand for their new projects, coming at up to 20% discount to existing market prices. However, their profits may take a hit. On a year-on-year basis, the top [...]

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Price negotiations begin as commercial rents tend southward

Published: April 24, 2009

Bangalore / Mumbai: After two failed attempts to pre-sell its Hafeez Contractor House development in central Mumbai over the past two years, real estate developer Orbit Corp. Ltd has decided to build premium residences instead of corporate offices on the 250,000 sq. ft property. The move comes as demand for commercial space across India, and [...]

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Retail and Real Estate Projects on hold in Kolkata

Published: April 21, 2009

Around 100 small and large retail and real estate projects in Kolkata are being delayed or deferred due to the financial credit crunch. According to analysts and industry insiders, increased retail development in Kolkata and in its suburbs had nearly doubled real estate prices over the last few years. However, although 40 to 50 projects [...]

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Get property value estimate in seconds at Zamanzar.com!

Published: April 20, 2009

Real estate buyers and owners who need to find current value of property and real estate rates in India can now do so online from the comfort of their home or office.  Zamanzar.com is the first Indian real estate portal to release an online tool that lets anyone calculate a property value estimate (ZamEstimate(TM)) within [...]

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End the waiting, real estate developers tell consumers

Published: April 12, 2009

CHENNAI: At a time when real estate prices seem to be in free-fall, many potential home-buyers are sitting on the fence in the hope that prices will drop still further. Real estate developers are now warning that if they wait too long, there could be dire consequences for a number of support industries, millions of [...]

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Super built up area & carpet area - What, Why and How!

Published: April 10, 2009

The terms built up area, super built up area, salable area and carpet area pop up again and again for an Indian real estate buyer. The apartment that is sold as a spacious 1500 sqft apartment, is actually not 1500 sqft if you count its actual covered area, or carpet area.
Definitions -
1. Carpet area - [...]

Posted under Buying Property, Indian Real Estate, Laws & Regulations

Agni goes pan India with its property broking biz

Published: April 8, 2009

New Delhi: Realty broking firm Agni Property will invest Rs 60 crore for making a pan India presence in the next one year. Agni Property, which claims to be India’s first professionally managed, real estate and property broking company, currently present in the northern region, has planned to open offices in the western and southern [...]

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EMI as Important as Rates in Home loans

Published: April 1, 2009

Home loans are not all about low interest rates. The most important factor of a home loan is serviceability of the equated monthly instalment (EMI). Lenders too realise this. For the convenience of the customers, many banks have come up with products that can suit individuals needs. State Bank of India (SBI) markets this products [...]

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