Financial crisis
In several large economies like the UK, UK and Europe, the overvalued real estate markets had brought down the market and created the recession. This financial crisis had rocked the world economy and slowed down the growth in industries and affected the GDP negatively. A senior official at the International Monetary Fund (IMF) has now warned that [...] Continue Reading »
If you are looking to purchase commercial space than, this good time to look at commercial spaces which are on top in most markets. After the financial crisis of 2008, prices in markets such as Mumbai plunge 30 percent. Currently the demand is increasing little up and the economy reviving because of which investors can [...] Continue Reading »
On account of subdued performance in agriculture, mining and manufacturing, the Government came out with the finding that the economy may have expanded by 4.5 per cent in 2012-13, compared with the earlier estimate of 5 per cent. The GDP, however, has been revised upwards to 6.7 per cent from 6.2 per cent, according to [...] Continue Reading »
Bangalore/Chennai- Luxury residential segment has been observing significant rise in demand in the top seven cities of India. Over 200 luxury residential projects were launched between 2008 and September 2012. Among all the cities, Bangalore alone holds 21 percent of share during the first three quarters of this year while Chennai holds 20 percent. Fast [...] Continue Reading »
Foreign investors are funding Indian real estate market after the release of Press note 2 in 2005 which opened up construction and development for Foreign direct investment (FDI). Many investors who had invested at that time, largely in residential sector, are now heading towards maturity and are withdrawing their prime investments. According to a report [...] Continue Reading »
For the financial year 2012 and 2013 the Hyderabad Metropolitan Development Authority (HMDA) has new set of realty plans! It has decided to sell plots and huge lands to dry out completely from financial crisis. With the release of recent budget, the HMDA executive committee approved a budget outlay of Rs 2,938 crore. Rs 973 [...] Continue Reading »
A new set of building rules has been approved by the state government bringing in sense of worries for the small-time builders in Mumbai. It has been learnt that these builders big time sold flower beds, common lobbies, terraces and voids at market rates for flats construction. Around maximum of the builders in Bandra-Khar-Juhu are [...] Continue Reading »
