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.
As projects get delayed and investors tread cautiously with new developments, developers are offering more interests than bank fixed deposits to attract investors. Sachin Dave
According to the report — 2012 Outlook: Indian Real Estate Sector — the demand in 2012 would remain sluggish.
In a decision that might have an impact on realty prices in the metropolis and nearby areas, the Bombay high court has upheld the decision of the union government to levy service tax on construction of flats and shops
It could be an indication that India’s real estate sector is slowly coming back to life from a deep slumber. Vivek Sinha reports.
As retailers battle with a slowing sales and declining growth in 2012, they are approaching real estate developers to renegotiate rents. Sachin Dave & Rachit Vats report.
The real estate sector, which has seen a 36% surge in its outstanding debt at Rs.
120,000 crore so far in 2011-12, has become a cause for concern to the banking industry. Mahua Venkatesh
Real-estate major Supertech today performed ground-breaking ceremony for North India's tallest mixed-use development project here.
The Supreme Court's verdict on the 2G spectrum case could not have come at a worse time for real estate players such as Unitech and DB Realty. HT reports.
The Reserve Bank of India (RBI) on Friday came hard on banks for overstating realisable value of real estate properties they finance by including charges such as stamp duty and other levies. HT reports.
As volumes in the real estate sector refuse to pick up, some apartment developers have slashed the average saleable area in Mumbai apartments. As a result, you now have homes that on the face of it look cheaper than the going rates in a particular area, but then in effect the size of the apartments have also shrunk.