Realty News
According to a study by credit rating agency, CIBIL, home loan enquiries increased by more than 18 per cent in the first quarter of 2012. This shows that demand for home loans have increased as more consumers are seeking home loans. Home loan enquiries have more than doubled from first quarter of 2007 to third [...] Continue Reading »
ASK Group’s realty private equity arm ASK Property Investment Advisors said it has raised a real estate fund of Rs 1,000 crore. ASK Group collected money from high net worth individuals (HNIs) and Ultra HNI investors across 10 cities in India in a partnership with private banking arms of institutions such as ICICI Bank, Future [...] Continue Reading »
Real estate developers have planned to give rest to the new project launches, instead they prefer to sell the unsold inventory, as this process prevents dropping of price in the declining market. Analysts say developers have realised that launching of new projects could cut down the unsold inventory prices which were launched at higher costs. [...] Continue Reading »
The Sensex climbed over 100 points in early trade on Monday. Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee have planned to soon unveil measures to improve market conditions. The Nifty touched a high of 5,188.95 and a low of 5,158.45 today while the Sensex touched a high of 17,116.67 and a low of [...] Continue Reading »
A warning notice has been issued to all developers who have been carrying out illegal construction activities by the Noida, Greater Noida and Yamuna Expressway authorities. The public notice states that the lease of project will be cancelled and the authority will immediately demolish the structure in case of any violation of rules. Many developers in [...] Continue Reading »
The chairman and managing director of realty firm Eldeco, SK Garg, has been arrested by the Central Bureau of Investigation (CBI) on Friday in connection with a graft case in which some senior income tax officials were nabbed by the agency. The CBI had arrested four senior income tax department officials, who were reportedly involved [...] Continue Reading »
India’s oldest golf club, Kolkata’s Royal Calcutta Golf Club (RCGC), plans to enter real estate sector in order to create a regular source of income to rise its operational revenue and gather funds for the clubhouse and course upgrade. The club authorities will be signing a joint agreement with private equity (PE) player, Xander Group, [...] Continue Reading »
CII- JLL report, ‘Indian Realty -Through the Looking Glass‘, has revealed that India is witnessing urbanization at an astonishing speed. In the meantime, urban population is increasing adding pressure on the Indian cities. According to the report, the rate of change in India’s urban population is the highest among the BRIC nations (Brazil, Russia, India and [...] Continue Reading »
Realtors of India are pretty sure that the housing prices will not fall in the near future even after the economy’s downfall. It is a fact that due to the delay by the state government there is pressure on the developers but such delays affect the cost for developers. According to a research made by [...] Continue Reading »
Bangalore realty sector performs better when compared to any other cities of India and the main factors being price stability, wide property range and active workforce. The city has crossed all other cities of India in terms of sales in the year, 2011. Bangalore ranks tenth this year in the list of top global investment [...] Continue Reading »
