Realty sector
The rupee depreciation in the past six months has gone to 20 percent and likely there are chances of property prices drop down by 20 percent. In the same context the non-resident Indians (NRIs) are in a mad rush to invest in Indian realty sector as the rupee breached the Rs 54-mark against the US [...] Continue Reading »
Early this year real estate sector witnessed a shortage of unskilled labourers. But in the second half of the year, there is a huge unmet demand for skilled professionals in the domain. These professionals include architects, civil engineers, designers and planners. Due to the huge demand-supply gap, the builders are unable to build a good revenue [...] Continue Reading »
Confederation of Real Estate Developers’ Associations of India (CREDAI) in Pune is moving fast ahead to implement a regulatory regime. This regime will converge all the procedures related to real estate domain. The real estate procedures have to be assembled for proper functioning of the sector. From now onwards, all the operations which are dealt in [...] Continue Reading »
Even though there is prevalence of slow down in domestic investment net worth midst the individuals and mid-sized corporates for a real estate fund. Milestone Capital Advisors, a private equity firm has raised Rs 450 crore of real estate fund. According to Reserve Bank of India (RBI) till end of June 2011, Indian real estate [...] Continue Reading »
The realty sector in Gujarat is facing a downfall with the steady price raise of construction material and shortage of skilled labour. Experts say that the construction projects across Gujarat are getting either delayed, cancelled or stalled from past a week. Same is the scenario faced by real estate markets in cities like; Vadodara, Surat, [...] Continue Reading »
The recent real estate regulation & development bill, 2011 drafted by the central government is now bearing fruits for the citizens of Pune. The bill has provisioned Pune Municipal Corporation to take action against developers and builders for incomplete work, for not providing no-objection certificate and occupancy certificate and also failing to provide basic amenities [...] Continue Reading »
Cost of borrowing has gone up, as a consequence sectors sensitive to interest rates are likely to be affected relatively more than others. To tame inflationary pressure, the Reserve Bank has hiked key policy rates 11 times since March 2010 by a cumulative 325 basis points. This led to a rise in borrowing cost which [...] Continue Reading »
Navi Mumbai, that could once boast of offering houses at moderate prices is now burning a hole in a buyer’s pocket. Residents are not happy with the scene. What they want is that the place must go back to its original plan of offering affordable homes. The town witnessed a good housing growth till five [...] Continue Reading »
