Real estate in India
RBI on June 16, increased key rates for the tenth time in 16 months According to credit rating agency Crisil Ltd, the home loan market’s CAGR is 30 per cent and the total outstanding home loan portfolio is Rs 3.4 trillion. The growth is primarily due to falling property prices in non-metro regions. According to [...] Continue Reading »
Builders are tapping domestic PEs and NBFC to raise cash as banks turn wary of financing construction projects. Under a receivable financing deal, which is generally for 12-18 months, money generated through installments paid by home buyers is put in an escrow account by the builder and used only for repayment to the lender and [...] Continue Reading »
Property prices in seven cities across India dropped by 2.63 per cent to 17.6 per cent during the January to March quarter, according to the latest data released by the National Housing Bank (NHB). As demand came back with gradual economic recovery in India, realtors, some of whom were facing severe debt problems, started raising [...] Continue Reading »
The builder lobby which has till date cocked a snook at the Civic Body’s attempts to stop malpractices in the real estate sector, will now have a tough law to deal with. Monsoon session may see a policy that imposes stricter punishment on builders who quote built-up area prices, developers are not amused. This monsoon [...] Continue Reading »
According to a research report by Crisil Research, large builders like DLF, Unitech, Parsvnath, Omaxe, Ansals and Emaar MGF have already diversified into smaller cities of the country. The cities like Bhopal, Bhubaneswar, Coimbatore, Indore, Jaipur, Lucknow, Nagpur, Surat, Vadodara and Visakhapatnam are expected to add 354 million sq ft of residential development in the [...] Continue Reading »
After the hike in interest rate by the Reserve Bank of India (RBI) in the recent past, there is a high probability of corporate India getting hit on profits. Hike in interest rate will hurt Earnings Per Share (EPS). According to a report published by Goldman Sachs, under a scenario based on higher crude oil [...] Continue Reading »
Birla Sunlife to put Rs 250 cr in realty— three in Mumbai and one in Chennai —through its realty-focused fund. Birla Sun Life to invest in three real estate projects in Western suburbs of Mumbai and one real estate project in Chennai. “We have clocked around 20% return on our investment and hope to do [...] Continue Reading »
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) unveiled a roadmap to boost investments in Haryana. The ASSOCHAM plans to organise Invest Mart in the near future where about 300 investors from various countries will converge to explore the possibilities of investing in Haryana,said chairman of ASSOCHAM’s northern region development council Lalit Khaitan. [...] Continue Reading »
Real estate emerged as the most favourite sector for investors in Haryana in 2010, an Assocham study said. Of the total investment of Rs 4.3 lakh crore under implementation, real estate accounted for Rs 2.4 lakh crore, it said. It said Rs 2.4 lakh crore were invested in major cities like Gurgaon, Manesar and Faridabad. [...] Continue Reading »
Puravankara Projects, one of the leading real estate companies in the country, made foray into the city with a Rs 650 crore project, offering luxurious two and three bed room apartments.Puravankara Projects Limited launched its first luxury property in Coimbatore, ‘Purva Bluemont‘. Purva Bluemont sitting on a 16.86 acre land offers the discerning home owner [...] Continue Reading »
