Customers, especially in metros, who are planning to buy a house this year, could see some freebies offered by real estate developers. These may include free parking and easier terms to manage home loans. Sachin Dave reports. Incentives galore
Want to buy a home, but can’t afford it? Wait a year and organise finances, say experts, as property rates in metros are unlikely to escalate from here, and may well see correction before 2013-end. Sachin Dave reports.
The practice of buying houses not for staying there but just to trade in them has deepened in the Indian realty market, creating a shortage for many.
Moushumi Das Gupta reports.
India and China are expected to hog the lion's share of real estate investment opportunities linked to the retail sector, which is estimated to reach $180 billion ( Rs. 995,000 crore) by 2020, says a report by property consulting firm Jones Lang LaSalle.
As real estate goes through a tough phase, developers have pulled yet another trick to increase cash flows without causing losses to speculators —commercial project prices have been slashed by around 15% in the past two months.
A Dubai based consortium of NRIs from various countries around the world propose to invest over
Rs. 2000 crore in Kerala to set up IT/ITES enabled Business Parks and Life Spaces projects.
Foreign investor purchases in freehold projects in Dubai are still dominated by Indians who retained the number one spot since foreign ownership regulations were applied, a new research has revealed.
Lodha Developers said in a statement on Monday that Rs. 1,200 crores have been paid towards equity and debentures while the remaining Rs. 1,500 crores go towards liabilities of a special purpose vehicle (SPV) of DLF that owned the land.
When heeding promises real estate developers make, ensure they would actually be able to deliver them.
The real estate sector, which is struggling due to the combined effects of diving demand, huge debt and piling inventory on their balance sheets, is hoping for a reprieve from Reserve Bank of India’s decision on Tuesday to reduce the Statutory Liquidity Ratio.
Godrej Properties, the real estate arm of Godrej Group, on Saturday recorded a 70.64% growth in consolidated net profit at Rs. 17.15 crore for the quarter that ended June 30, on the back of improved sales.
Nitin Nautial, 29, head of a startup in New Delhi, was shocked when he realised that a house for which he had been saving for years, is now out of his reach. He had plans to buy a two-bedroom apartment in Dwarka sector 10, on the outskirts of Delhi, but prices have gone up by 50% in two years.
Groundbreaking on new US homes rose in June to its fastest pace in over three years, lending a helping hand to an economy that has shown worrisome signs of cooling.
Not yet as common in India as it is in developed countries, online property auctions are picking up here. A few property portals have taken up online auctions of distressed properties under the SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) Act.
As the economic slowdown persists, high interest rates on home loans squeeze borrowers while developers hold on to stocks, unsold apartments in Mumbai have reached dizzying levels with a possible pressure on prices ahead.