Realty market in India
According to the property consultant, Jones Lang LaSalle (JLL), the tier -III cities have evolved as the attractive destination for retail real estate primarily due to development of infrastructure and increasing purchasing power of consumers in these markets. Cities like Ahmedabad, Chandigarh, Surat, Amritsar, Vadodara, Nagpur, Coimbatore, Lucknow, Jaipur, Ludhiana, Kanpur and Raipur are emerged [...] Continue Reading »
It is reported that Sobha developers has launched total projects of 10.45 million square feet and sold 3.28 million square feet of properties against the sales target of 3 million sq ft during the financial year 2011-12. In the financial year the builder also entered three new realty market in NCR, Chennai and Mysore. The [...] Continue Reading »
The real estate sector has the maximum growth potential and provides higher amount of employment after the agriculture sector. Though in the union budget 2012-13, no such declaration was made, the builders and developers still hoping to get the industry status. The developers have again raised the demand for granting the industry status, which will [...] Continue Reading »
The entire real estate market is facing a tough time for selling the high valued luxurious apartments. In this scenario the demands for low priced affordable apartments in Ahmedabad remains high. The builders in Ahmedabad have decided to construct more than 15000 affordable residential apartments in various location of the city. According to the builders, [...] Continue Reading »
The realty market in India is in a bad shape. The expectation of the sector on the budget was not fulfill to that extent. The good news for the realty sector is the allowance of External Commercial Borrowings for low cost affordable housing projects. The withholding tax also reduces to 5% from 20% on ECBs [...] Continue Reading »
The performance of the realty market in India is worse. However the investors see a scope of growth opportunity in this scenario. Different private equity real estate fund like Red Fort capital, Kotak Realty Fund or Arth Veda fund management have already raised funds for residential properties. It is considered as the time to withdraw [...] Continue Reading »
MARG, the group in the realty market asked the government for an exemption of minimum alternate tax on the constructions made in SEZ. As the economy is slowing down, the experts seek some positive announcement in the budget to enhance the private investment in the realty market. The realty group expects that the budget will [...] Continue Reading »
The market scenario of the real estate industry enforced the Mumbai Metropolitan Region Development Authority (MMRDA), to rethink on the plan to sell the vacant plots at Bandra Kurla comples area. MMRDA planned to auction the land previously, however the senior officials thinks due to the uncertainty of the real estate market they will not [...] Continue Reading »
The Veritas investment research agency expressed their concern for the Indian real estate industry. According to research agency, the projected market condition is not as good as it is claimed. According to the research firm the strategic decision taken by different builders are very risky when compared to the present real estate market situation. It [...] Continue Reading »
2011 was nowhere good for the realty market in India and no wonder its same with the commence of year 2012 also! The real estate experts, property buyers, builders and developers are all worried about fluctuating realty market. Now, its time to discuss about the present realty situation and find a solution to witness healthy [...] Continue Reading »
