Realty News
Delhi no longer has realty prices that are constantly gaining momentum as per the statistics of the first quarter (January to March) of 2014. The National Housing Bank’s property price index has shown a marginal drop of residential property prices in this city by 1.5%. 13 out of the 26 major cities in India haven’t [...] Continue Reading »
In the last two decades alone, the recent study by Cians Analytics during the year 1991 to 2013 highlights the importance of real estate and equity investments as it generates the highest returns of up to 20% to investors. Five type of asset classes are covered in this study namely, equities such as BSE Sensex, [...] Continue Reading »
The new government has proposed the formation of 100 smart cities in the country, of which real estate professionals will play a huge role by constructing suggestions that will help frame policies for these cities. Chairman and Managing Director of Prithvi Edifice, Abhay Kele is pleased with the fact that a positive stir has been [...] Continue Reading »
A survey conducted by Proptiger, a real estate advisory service provider, shows that the first half of 2014 witnessed not only a real estate drop in prices, but also affected many former hotspots, which is not very promising to developers. This survey was carried out in key metros including Chennai, Mumbai, Delhi, Pune, Kolkata, and [...] Continue Reading »
Regardless of how much income one happens to have, all banks and financial institutions base their loan eligibility criteria on certain important factors as informed by the Credit Information Bureau Limited (CIBIL) of India. All details of a borrower’s loan and credit card, are shared by the bank with CIBIL, which in turn shares this [...] Continue Reading »
The improvement in the business sentiment private equity (PE) funds are hopefully going to get more investments from the domestic ultra high net worth individuals (UHNIs) who have increasingly been shifting their allocation to the riskier asset classes. Most of all these investments will be in the PEs that has been focusing on sectors like [...] Continue Reading »
A number of NRI investors have filed a case in the Mauritius Supreme Court against the ICICI Venture Funds Management Company by accusing the PE firm for misleading them while raising the real estate fund that went to under perform when they had been promised by the fund management company of a certain return. ICICI [...] Continue Reading »
398 special economic zones (SEZz) have not yet started the operations despite getting the needed approvals. The aforesaid was stated by the Commerce and Industry Minister Nirmala Sitharaman in Rajya Sabha last day. While giving a reply to the supplementaries during the Question Hour, she stated that setting up of SEZs has been a long [...] Continue Reading »
One of the assets of the Calcutta Stock Exchange (CSE) is up for sale. The asset is a three-acre prime land on the eastern corridor of Kolkata. For the sale of the prime land, CSE has hired property consultant Jones Lang LaSalle (JLL). Going by the estimates of unidentified sources in the realty market, the [...] Continue Reading »
To meet the Global competitiveness and boost the export growth along with meeting challenges in India’s fast growing economy, the government should also encourage Special Economic Zones for certain sectors as the Industrial body Assocham stated. Special Economic Zones have to be built in order to promote the fast and organised growth and also development [...] Continue Reading »
