No more than a hiccup for Indian market

Published: November 30, 2009

Indian Real Estate companies together have an exposure of $2 billion to the United Arab Emirates (UAE), a big chunk of it in Dubai. Almost half the exposure is of real estate developers based in Mumbai.
The Mumbai companies’ total investments in the UAE are between $500 million and $1 billion; those from Bangalore and [...]

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Dubai realty debacle: Indian firms say they are unaffected

Published: November 28, 2009

Bangalore / New Delhi: Four years ago, when developer Niranjan Hiranandani and his son Darshan announced the 23 Marina skyscraper project in Dubai, the emirate was the place to be in.
The city had turned into a construction site, its skyline was dotted with yellow cranes, and Indian developers and investors were lining up for a [...]

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Increase in prices sours revival in demand for real estate

Published: November 27, 2009

Mumbai: The much-heralded revival in home-building could come to nothing as property developers may have raised prices too much too soon, data from realty research company Liases Foras shows.
The country’s largest mortgage lender has a word of caution for real estate companies looking to cash in on the increase in demand.
“Developers have to be careful [...]

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DIPP proposes further relaxation of FDI for realty

Published: November 24, 2009

The Department of Industrial Promotion and Policy (DIPP) under the Ministry of Commerce and Industry has proposed further relaxation of the foreign direct investment (FDI) norms for the real estate sector.
The department has proposed the removal of the lock-in of three years on original investment made into integrated township development and other construction development projects.
Currently, [...]

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‘Despite downturn, real estate market favourable’

Published: November 24, 2009

Global economic crisis aside, the local real estate market looks optimistic.
This was the opinion of Thomas Justin, president of the Royal Institute of Chartered Surveyors (RICS). Speaking at the opening on Thursday of the two-day Caribbean Land Conference seminar hosted by the Institute of Surveyors of Trinidad and Tobago (ISTT) at the Crowne Plaza hotel, [...]

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Govt may scrap 3-year lock-in for FDI in Real Estate

Published: November 24, 2009

To boost foreign direct investment (FDI) in real estate, the government may remove the mandatory three-year lock-in period for overseas investments in the sector.
The department of industrial policy and promotion (DIPP) has proposed this move, with a draft cabinet note on the proposal being circulated for inter-ministerial consultations. Doing away with this lock-in period has [...]

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Budget housing in Pune - An overview

Published: November 23, 2009

Pune is a small but growing real estate market in western India. Vicinity to Mumbai, India’s financial capital, burgeoning IT sector, huge number of educational institutes, peaceful atmosphere and decent climate are some of the positive factors making Pune very attractive for a potential property buyer. With a lot of land being used up by [...]

Posted under Buying Property, Indian Real Estate, Property Rates

Godrej Properties may offer affordable housing at sub-Rs 15 lakh

Published: November 18, 2009

Godrej Properties, the realty arm of Godrej Industries Limited is extremely bullish on the affordable housing market in India. The company is mulling on the possibility of introducing housing facilities for the masses at price points below Rs 15 lakh per unit.
Godrej Properties executive director Pirojsha Godrej told ET, “We would like to take a [...]

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Best Time to Invest in Commercial Property

Published: November 16, 2009

Sunil Sharma was a very successful IT professional in the US where he had been working for over a decade. However, he has returned to India and is currently engaged in developing an advanced IT-ready commercial space with all concepts of sustainable building packed into the Advant Navis Business Park in Delhi NCR (Noida-Greater Noida [...]

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Model Real Estate Act

Published: November 11, 2009

With the announcement of the much awaited Model Real Estate Act, by the Ministry of Housing and Urban Poverty Alleviation (MHUPA), the Real Estate sector seems to have become a little more disciplined and ethical. It’s now going to be an arduous task for the builders and developers to dupe the buyers by using misleading [...]

Posted under Laws & Regulations

DLF Plans to Build Around One Lakh Affordable Houses

Published: November 3, 2009

Venturing where few private players have gone before, India’s largest realty firm DLF is is planning to build one lakh affordable houses that would cost less than Rs 20 lakh in major cities across the country. According to sources, the company is giving final touches to its strategy for development of these one lakh housing [...]

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