Real estate in India
The government is coming up with new Bill with the forthcoming budget session in the parliament so that the real estate sector can be regulated with proper rules and regulations as commented by the Housing minister Ajay Maken. The Bill is introduced so that the real estate developers and investors can carry out a fair [...] Continue Reading »
The Bangalore based real estate developer, Prestige Group is planning to spread out their real estate business in 2013. A higher official of Prestige group believes that there are many areas in Bangalore which are fast approaching saturation because of infrastructural constraints. One can expect improvement and increased development in selected areas in Bangalore including townships in [...] Continue Reading »
South Delhi is booming with the increase of investors in two areas: Khan Market and Meherchand Market. Entrepreneurs are eying in south Delhi’s Meherchand Market as it is the alternative destination for many investors because Khan Market is lacking in commercial space. South Delhi corporation now planned to revive the market in order to boost [...] Continue Reading »
According to the Ministry Industry, over 50 percent of foreign direct investment (FDI) was coined by Maharashtra and Nation Capital Region inside the country since 2000. Around $61.13 billion, about 33 percent of total inflow was bagged by Maharashtra during April 2000 – October 2012 and Delhi-NCR, Haryana has received $35.4 billion of FDI during [...] Continue Reading »
The residential property market in Bangalore saw an absorption of 4,645 units during third quarter against 4,290 units in second quarter. The increase in demand was due to the home buyers shifting towards purchasing a property rather than paying high rents and also due to the improved sales in projects that are about to get [...] Continue Reading »
New Delhi: Government is planning to approve all the real estate projects in a fast track basis and also to put them online so that the consumers can have a clear idea before booking a house and can bring down home prices. A government committee headed by former commissioner of India chairman Dhanendra Kumar is [...] Continue Reading »
Delhi: Rohini Sector 9 is becoming a hot investment place due to the connectivity with the other parts of the city and easy access to schools, colleges and offices. Rohini Sector 9 properties have become the upmarket investment sector in Delhi which pushed the price of the properties and hence multi-storey apartments in Rohini Sector-9 [...] Continue Reading »
Noida: In the wake of the rise in property fraud cases and violation of environmental norms, the Noida residents and delegation of home buyers to meet the Uttar Pradesh administration to take strict actions against the violators. Anuj Singh, an ex-Army officer complained that after he booked a luxury flat in Noida, he found out [...] Continue Reading »
2012 was a challenging year for both the home buyers and developers. Certain issues which the real estate market has witnessed in 2012 may continue this year because Delhi-NCR and Mumbai Metropolitan Region are struggling with less property sales due to unaffordable property prices. He added that the new rules for classification of restructured loans have led [...] Continue Reading »
There have been forecasts that Pune residential real estate is going to boom in 2013. This may be due to high demand of properties from IT/ITeS and manufacturing sector employees. According to property consultancy firm, Jones Lang LaSalle India, investors based in Mumbai and NRIs are looking to invest in a market which has been [...] Continue Reading »
