Real Estate Blogs

‘Foreign investors eyeing Indian realty market on a selective basis'

Foreign investors are looking at investing in Indian real estate market on a selective basis, according to Colin Dyer, Global CEO, Jones Lang LaSalle.

Providing a macro-overview of Indian realty sector, the CEO of international property consultancy, who spent a week in India recently, in a statement today said that foreign investors are looking at infusing capital behind successful investment managers and many are directly investing.

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Developers should protect interest of old buyers in Noida Extension: CREDAI

Even though construction in Noida Extension has resumed, apprehensive buyers fearing fresh problems like cancellations and "unethical" demand letters from developers, met Confederation of Real Estate Developers Associations of India (CREDAI) on Tuesday to seek its intervention. Following the meeting, CREDAI has issued a set of instructions to all Noida Extension developers asking them to protect the existing buyers' interests.

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No correction in real estate prices expected despite slowdown: JLL

The rents of commercial real estate are unlikely to correct despite a demand contraction of about 15%. The Indian residential property market, on the other hand, see a definite slowdown in new launches already, and this is likely to continue for the interim. But the real estate price in cities such as Mumbai or Delhi is unlikely to lower, Jones Lang La Salle said in a statement

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Real Estate Malpractices: Home-buyer at the mercy

A real-estate regulator is more important to the citizens than a stock market regulator

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Realty, construction offer glimmer of hope amidst growth gloom

At a time when other sectors are facing gloomy prospects, the real estate and construction sectors are under the spotlight for showing promising growth in the GDP numbers released on Friday.

While the country’s growth was at its lowest ebb in three years in the quarter ended in June, at 5.5 per cent, both these sectors have shown an upswing, with real estate growth pegged at 10.8 per cent and construction at 10.9 per cent.

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Fast-track your real estate career

Built environment (comprising of construction, the buying, selling and leasing out of property estate and various other related real estate-related activities) is one of the major contributors to the Indian economy. It accounted for approximately 17.7% of the country's GDP in the year 2009-10 (from a mere 10% in 1991-92). There is a projected area requirement of almost 95 billion sq. feet between 2010 and 2020 across the various real estate segments.

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Realtors hopeful of government help to lower funding costs

Real estate developers' apex body CREDAI today said the government has assured that it will look into the problems of the realty players and work towards lowering the cost of funding by banks and other lenders.

The real estate sector has been demanding for a long time steps by the government towards reduction in cost of financing for it, saying such initiatives were necessary for property prices to fall from the current levels.

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Developers in Punjab oppose new levy on property transactions

Developers in Punjab today opposed the state government's move to levy social infrastructure cess on property transactions, saying it would hit demand in the sector which is already facing slowdown.

"The imposition of (social infrastructure) cess is not a right move by the Punjab government as it will further aggravate realty's woes," Confederation of Real Estate Developers' Associations of India (CREDAI), Chairman (Punjab), Anil Chopra told PTI today.

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917 unauthorized colonies regularized in Delhi, real estate prices to soar

Real estate prices in the national capital are set to soar with the Centre on Monday night deciding to give the green signal for regularization of 917 unathorized colonies. A notification to this effect will be issued on Tuesday.

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Why financial savings are losing out

What will make Indian savers abandon their fascination for gold and real estate, and put some faith in financial avenues such as shares, small-savings schemes and bank deposits? This has been the problem exercising India’s financial regulators in recent times.

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