American property mogul Donald Trump targets India above other emerging economies, his son and business partner said, as the flamboyant tycoon looks to crack a notoriously tough real estate industry with his brand of luxury homes and hotels.
Companies are renting less office space this quarter, showing a slowdown in economic expansion. HT reports.
Green homes are defying the slump in real estate market. Banks, buoyed by this ‘slow but steady’ demand, are mulling higher loan rate cuts for an ‘ecological cause’. HT reports.
Market regulator Security and Exchange Board of India (SEBI), which approved Alternative Investment Fund (AIF) Regulations, appears to be stopping the fund-raising plans of many small real estate private equity funds on the tracks. Industry experts say some may even shut shop. Sachin Dave
and Sachin Kumar
reports. Small is not beautiful?
Private equity players have turned wary of the Indian realty sector's below-expectation returns, and are now choosing to play safe by picking large stakes in SEZs while staying away from residential property.
Nitin Sharma, 32, a mid-level executive with an automobile company, is not a happy man these days. Sharma, who was planning to buy a bigger house in Mumbai's Goregaon area, got a shock when the real estate developer informed him that he will no more get a 9% discount on the selected apartment as promised earlier. Sachin Dave
reports. What’s in it for you
In India, no matter how much you want to, you cannot do any analysis like this because the data does not exist. Despite the centrality of real estate prices in the economy, as well as in the lives of people, these are an almost completely opaque part of the Indian economy. Dhirendra Kumar writes.
We all know that Mumbai’s roads are crowded and polluted. But the air you breathe at home may not be as clean and safe as you think either.
Property prices seem to be going up steadily in India's metropolises - but only in new projects. In the resale market, prices have been stagnant since 2010, say experts. Sachin Dave
reports. Who will blink first?
One of the many factors that affect the property price is change in land use or its status.
Real estate prices may have hit the rooftop, thanks to high interest rates, but home prices are near their most affordable levels in over three decades, data compiled by mortgage giant HDFC Ltd show.
Indian realty players already under pressure from plunging sales and liquidity issues, may be forced to opt for restructuring loans in 2012. Sachin Dave
reports. Cash crunch
If an investor had invested Rs. 1 lakh in major real estate companies listed at the Bombay Stock Exchange (BSE) in January 2010 when the going was good and there were still no apparent signs of distress, his investment would be reduced to Rs. 49,000 as the markets closed on Monday.
Realty firm Parsvnath Developers is looking to sell 1.18 acre of commercial land near Connaught Place in New Delhi for about Rs. 700 crore in order to reduce debt.