Indian real estate
Jones Lang LaSalle has stated that real estate industry in India still has a long way to go to be a mature market. JLL says that compared to Europe or America, India is a strongly developing market in terms of new constructions. However, strong focus has to be laid on licensing, permissions, land purchasing, development [...] Continue Reading »
The government plans to bring unorganised property agents and brokers under the purview of the proposed real estate regulatory bill. According to sources in Ministry of Housing and Urban Poverty Alleviation, a chapter has been included on real estate agents in the Real Estate (Regulation and Development) Bill. Unlike most nations, property brokers in India [...] Continue Reading »
The Competition Commission of India (CCI), is putting around 70 real estate developers in the country under scanner. The developers include big players like Unitech, Parsvnath Developers and Omaxe and several big builders in Mumbai. All these developers’ action for entering into one-sided agreements with buyers and for allegedly colluding with each other have been [...] Continue Reading »
Real estate continues to remain top option for Indian investors. Capital appreciation, rent and protection from inflation drive real estate investment and citizens go for second property for all these advantages. A recently conducted survey in Delhi/NCR, Mumbai, Bangalore, Hyderabad, Chennai, Ahmedabad, Kolkata, Pune, Chandigarh, Kochi, Coimbatore and Jaipur shows that out of 1,430 respondents, [...] Continue Reading »
Analysts say that interest of overseas funds in the Indian real estate sector is intact but the approach has changed. The investors have turned their focus on specific project. About $2 billion private equity had come into the real estate sector in the past two years and funds were keen to make investments after considering [...] Continue Reading »
According to the CEO of international property consultancy Jones Lang LaSalle, Colin Dyer, foreign investors are looking at investing in Indian real estate market on a selective basis. Foreign investors are looking at infusing capital behind successful investment managers and many are keen on directly investing. However, they are cautious as the real estate sector [...] Continue Reading »
Real estate major Unitech expects a sales realisation of Rs 400 crore over the next 2-3 years from a new premium housing project in Noida. Unitech launched a seven-acre housing project ‘Exquisite’ in Noida last week. Unitech, the country’s third largest realty firm, will develop 312 luxury apartments in the project. The sizes of the [...] Continue Reading »
Faridabad, long considered as an industrial hub of Haryana, is now considered as one of the best residential hub in the National Capital Region (NCR). With improving infrastructure, Faridabad has transformed into a booming realty destination. Land crunch in Delhi has pushed the prices in most of NCR cities. Faridabad enjoys proximity to Delhi and [...] Continue Reading »
D.K. Mittal, Secretary – Ministry of Finance (Banking & Insurance) has assured Confederation of Real Estate Developers’ Association of India (CREDAI)‘s Chairman Pradeep Jain that Union Government will look into reducing the cost of funds for real estate developers. It is a welcome sign from the finance ministry to the real estate developers that the [...] Continue Reading »
Jones Lang LaSalle, world’s second-largest property consultant, predicts growth in India’s property market is expected to fall to less than 5 per cent over the next 12 months. In an interview with Reuters, president and global chief executive officer of JLL stated that the market looks grim compared with an annual growth rate of 17 [...] Continue Reading »
