RICS
The deficiency of skilled personnel in India’s real estate sector is responsible for slowing down construction activity by an average of six months to a year, that’s why project cost increases. In India Development activity is at all time high and is only expected to increase further in future, According to the rate of urbanization [...] Continue Reading »
Sean Tompkins, global chief executive officer of UK-based Royal Institution of Chartered Surveyors (RICS) has said that the foreign investors are thinking twice before investing in the Indian real estate market because it fails to meet the global standards. Between 2006 and 2009 the Indian realty had witnessed around $20 billion in investment of which [...] Continue Reading »
In spite of economical issues, construction field remains buoyant, particularly from the private housing as well as industrial segments, according to RICS India Structure Industry survey. According to the report, lack of labour and fiscal demands continue being the prominent factors limiting construction activity followed by planning and regulatory issues, the report explained. Challenge in [...] 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 »
A Red Book of Valuation Standards followed up with brokerage standards and Global real estate agency was launched by RICS. This launch is purely an effort to enhance professionalism and transparency in real estate industry! Based on the 12 high level principals, RICS has introduced real estate standards. RICS Red Book of Valuation Standards in [...] Continue Reading »
The latest RICS India Commercial Property Survey revealed that the realty investments and demand at present have buried themselves down in the ground! The realty vibrations happening in India is so evident that it is felt even at global real estate market. The capital value expectations remain negative with the drop down in rental and investment [...] Continue Reading »
