Real estate in India
While Powai, the Mumbai suburb along the Central Line, has attained a premium tag with respect to real estate, few localities along the same line are still offering residential properties at affordable prices. Bhandup, Ghatkopar, Vikhroli and Mulund are some of those areas. In Powai, the average price is over Rs 11,000 per sq ft. [...] Continue Reading »
Motilal Oswal Private Equity, an India-focused risk capital firm, is raising a Rs 500-crore real estate fund that will invest primarily in residential projects. This comes at a crucial time as private equity investments in the Indian real estate market have sharply dipped in the first three quarters of 2012. As per sources, the new [...] Continue Reading »
Confederation of Real Estate Developers’ Associations of India (CREDAI) and the Royal Institution of Chartered Surveyors (RICS) have come together to offer courses in real estate. They have announced a joint initiative to address the learning needs of professionals in real estate and construction sectors. RICS is a global professional body which builds environment that [...] Continue Reading »
In the ongoing series of discussions to provide relief to real estate sector, developers have asked for relaxation of funding norms. Deliberation between Indian Bankers Association (IBA) and Confederation of Real Estate Developers Association of India (CREDAI) saw developers called for the easing of financing norms to ease the cash crunch of the developers. The [...] Continue Reading »
The Competition Commission of India (CCI) has rejected a complaint regarding alleged abuse of dominance by real estate developer Supertech. The developer was cleared off charges as the fair trade regulator did not find any evidence to support the charges. CCI maintained that there was nothing on record indicating any evidence of dominance of Supertech. [...] Continue Reading »
Announcing an all out war on corruption, Confederation of Real Estate Developers Association of India (CREDAI) , the apex body of property developers, has asked its about 10,000 members not to pay bribe to officials for getting project clearance. The strong statement came after CREDAI president Lalit Kumar Jain stated that realty sector has been [...] Continue Reading »
Pune and Bangalore are being the front runners in the real estate sector amidst an otherwise gloomy atmosphere on the realty front. The two cities have witnessed significant number of launches, boosted by quicker approvals and consistent demand from home buyers. Intriguingly, markets in Pune and Bangalore are different from one another. The cities have [...] Continue Reading »
Pune real estate has been undergoing a strong transformation. Demand for homes have come from both local population as well as outsiders in the market. Potential buyers are no longer individuals from the IT Sector alone but also from other business sectors such as automobile, manufacturing, education and services. The increasing demand has resulted in [...] Continue Reading »
The Maharashtra State Consumer Disputes Redressal Commission recently ordered two builders to pay a total of Rs 29 lakh to the LIC Housing Finance Ltd. The decision came after the builders had failed to hand over flats to three city residents who had booked them in 2003. The three buyers field three separate complaints in [...] Continue Reading »
Indiabulls Group has put a step forward to acquire global footprint. The real estate firm has entered into an agreement with Qatar‘s Doha Bank for offering mortgage loans to the bank’s NRI customers for acquiring properties in India. The tie-up with Indiabulls will provide an opportunity for Doha Bank NRI customers to approach for housing [...] Continue Reading »
