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Indian Real Estate

Indian Real Estate
Indian Realty news provides news on commercial and residential properties in India along with the home and office buying information and news on latest property investment, finance and property loan and laws in India and for its various cities like D
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Articles

NRI Home Loans- Best Option for NRIs
2008-11-25 10:44:00
Are you residing abroad and thinking of investing in a residential property in India then NRI home loans are the best option for you. Usually NRIs are doubtful whether they can invest in a residential property in India or not. They are not aware if they can dispatch funds from abroad under the current foreign ...
More About: Home Loans , Loans , Home
Hotel Employees Demand welfare board
2008-11-25 10:27:00
The need for setting up a hotel workers welfare board was emphasized at a convention organized by the Hotel Employees Federation of India on Monday. Around 120 hotel employees, including 18 union leaders from across the state, were present at the event, inaugurated by N Vasudevan, federation president. For efficient implementation of statutory benefits in ...
More About: Board , Welfare , Demand
Message for Unorganised Retail- Cooperate or Combat
2008-11-25 09:01:00
In order to survive in the growing reorganised retail market, the kirana stores business should either cooperate or combat with the organised Indian retail. This is the proposed futuristic model for the unorganised Indian retail by the students of Mumbai-based Jamnalal Bajaj Institute of Management Studies (JBIMS) to ensure the growth of this sector without ...
More About: Retail , Message , Combat
Developers in Mumbai focus on UAE NRI Buyers
2008-11-25 08:59:00
Real estate developers in the metropolis plan to target NRI buyers, primarily in the UAE, in a bid to push up their sales, affected in recent times by high prices and adverse sentiment, a senior industry official said.”With the Rupee depreciating via-a-vis the dollar, NRI buyers stand to gain by around 20 per cent. Prices ...
More About: Mumbai , Focus , Developers , Buyers
Opportunity for NRIs in India
2008-11-25 08:57:00
Remittance of funds by expatriates to their home country depends principally on the origin factors and destination factors . Non-resident India ns (NRIs) are, in some cases, big earners and in most cases inclined towards savings. These have resulted in India taking the leadership position in inward remittances from its expatriates. Will the momentum be retained ...
More About: Opportunity
Mumbai Emerging as Manhattan of the East
2008-11-25 08:42:00
Mumbai has much to offer its expatriate residents. For the thousands of people who leave the UK each year and head for a new life in India, the world’s largest democracy is certainly no third world option. The growing numbers of British expatriates living in Mumbai (Bombay) - locally known as the Manhattan of the ...
More About: Mumbai , East
Real Estate Sector on the edge of correction
2008-11-24 12:16:00
Property market in India is poised for a deep correction and the prices are estimated to fall by up to 30% from current levels, with significant knock on effects on the economy, says a Goldman Sachs report. Supply substantially outstrips demand in commercial real estate, hints the report depicting a negative view on the real estate ...
More About: Estate , Real Estate , The Edge , Real , Edge
Collapsing Real Estate Fortunes
2008-11-21 04:38:00
Investors pounced on shares of Chinese property developer Soho last year after founders Zhang Xin and Pan Shiyi publicly listed the company. The value of the husband-and-wife team’s stake soared to $3.8 billion. Zhang said it was “probably a perfect moment.” A year of credit crisis later, it’s more of a perfect storm. Company shares plummeted ...
More About: Estate , Real Estate , Real , Fortunes
Realty Market Recovery Hinges on Lower Rates
2008-11-21 04:33:00
Recovery in the Indian property market in the next six months hinges on lower home-loan rates to entice first- time buyers. “Mortgage rates in India are at 12 percent to 13 percent, about twice what they are in China. That is unrealistic,'’ Rajiv Singh, 49, vice chairman of DLF, said in an interview. “If rates are ...
More About: Recovery , Market , Lower , Rates , Realty
INC Developers enters India with Rs 100 cr investment
2008-11-20 04:38:00
US based INC Developers has entered the heavily slowed India n real estate market with a super luxurious apartments scheme worth Rs 100 crore, which it would jointly develop in Pune with Amar builders over next 24 months. The super luxurious apartments with 6,500 square foot size each, would be priced between Rs 5 crore and ...
More About: Investment
CREDAI asks Members to Lower Prices
2008-11-19 04:35:00
Real estate developers in India should lower prices given the general slowdown in the economy, the Confederation of Real Estate Developers’ Associations of India (CREDAI) has said. “Some developers across the country have already reduced prices, CREDAI now requests all its members to do the same,” the real estate body, which counts over 3,500 developers as ...
More About: Lower , Prices , Members
Real Estate Prices should Drop More
2008-11-18 05:24:00
Property prices in India need to decline further before demand picks up, said Adi Godrej, who heads the Godrej group of companies that has interests in property, consumer goods, and electrical and office equipment. There has already been a correction in property prices, he told reporters at the World Economic Forum’s India Economic Summit in New ...
More About: Estate , Real Estate , Real , Drop , Prices
Sun Group & Barwa Real Estate JV
2008-11-18 05:22:00
The Sun Group , a private firm that raises funds, and Qatar’s Barwa Real Estate have established a 50-50 joint venture company targeting Indian real estate. The Sun-Barwa Land Partnership will buy and develop land banks in high growth corridors in India, it said. The parties said they had sought approval from India?s Foreign Investment Board in order ...
More About: Real Estate
Naresh Naik head of Indian real estate unit
2008-11-18 04:30:00
Morgan Stanley has appointed Naresh Naik as an executive director and head of asset management for its Indian real estate unit. Naik, an architect who was earlier head of asset management for Lehman Brothers in India, starts in his new role later this month and will be based in Mumbai, Morgan Stanley said in a statement ...
More About: Estate , Real Estate , Real , Head
Realty & Banking stocks continue to go down
2008-11-17 09:06:00
Despite positive measures by Reserve Bank of India for easy credit availability to rate sensitive sectors like banking and realty, the stocks are not showing any signs of recovery. Investors are still getting out of the realty and banking counters. All the 14 stocks from banking sector were trading in red. All the real estate stocks ...
More About: Stocks , Banking , Realty
Citibank Provides Attractive Opportunity to UAE NRIs
2008-10-22 11:27:00
This upcoming weekend of 17th & 18th October will have the reputed real estate developers from India coming together under one roof with Citibank offering attractive options for availing home loans to purchase properties. NRI community in UAE has shown keen interest for properties in India and this event will provide an attractive opportunity for ...
More About: Opportunity , Attractive
SBI Set to Deduct Home Loan Rates
2008-10-22 10:11:00
Good news for aspiring home buyers, the country?s largest home loan lenders State Bank of India (SBI) is on course to slash its housing loan interest rates by about 50 basis points before Diwali. Emboldened by the Government pumping in liquidity worth Rs 1,00,000 crore into the country?s financial system, SBI is finalising plans to ...
More About: Home Loans , Home , Loan , Rates , Home Loan
AIG Global Real Estate to Invest in Chennai
2008-10-22 10:09:00
An affiliate of AIG Global Real Estate has announced an investment in Velankani Tech Park, a part of the Bangalore-based Velankani Group. Velankani is developing a notified Special Economic Zone (SEZ) in Sriperumbudur, located approximately 50km from Chennai . The proposed development of 8.5 million sq. ft. is aimed to provide plug-and-play space for electronics hardware ...
More About: Real Estate
PM Assures Support to Banks
2008-10-22 10:03:00
Prime Minister Manmohan Singh is learnt to have directed public sector bankers to honour their credit commitments to the industry in general and the infrastructure sector in particular. Addressing an unscheduled meeting with the top PSU bankers late on Monday evening, Mr Singh took stock of the liquidity situation and assured the bankers of all ...
More About: Banks , Support
PEs Shift Attention from Real Estate Sector
2008-10-22 10:01:00
Uncertainty in the equity market seems to be paving the way for newer investment opportunities. Private equity (PE) players have been quick to recognise these. Of late, their attention seems to have shifted from the most-talked about sectors like real estate and financial services, which were the flavour of the season till some time ago, ...
More About: Estate , Real Estate , Real , Shift , Attention
Property Prices feel the Ripples of Global Slowdown
2008-10-22 09:28:00
A two-day real estate conference, Build Up 2008, which started in Bangalore on Tuesday, bore the grim realities of the global financial crisis and its impact on Indian real estate. Neither of the two major speakers ? Union urban development minister S Jaipal Reddy and CM B S Yeddyurappa ? turned up. The other prominent speakers ...
More About: Property , Global , Feel , Prices
Real-Estate Major Enters into Construction Business
2008-10-22 08:04:00
Piyush Group, a leading real-estate developer has announced the launch of its latest venture Piyush Developers Ltd; thus marking the foray of the company into construction business. Through this enterprise, Piyush Group will be addressing the real-estate industry?s need to improve delivery timelines and quality of the building construction in house. Speaking on the developments Brig. ...
More About: Business , Estate , Real Estate , Construction , Real
Domestic Savings and NRI Money can Stabilise India
2008-10-21 13:40:00
The fall and fall of the India n stock indices must surely have given the jitters to non-resident Indians who are also looking at the dismal global scenario that has caused this. Not to worry. Among several other home truths, Indian planners seemed to have figured out the worth of domestic savings and NRI remittances when ...
More About: Money , Domestic , Savings
Jammu real estate industry growing despite turmoil
2008-10-05 11:12:00
The turmoil in J&K couples with the slowdown in the country?s real estate sector has affected the industry in Jammu . There is stagnation in investments and a visible negative growth in industry and developers differ over whether the boom bubble will burst. ?Agreed that the withdrawal of certain concessions (excise duty exemption) to the industry ...
More About: Estate , Real Estate , Industry , Real
Omaxe to set up chain of wedding malls
2008-10-05 11:09:00
Real estate developer Omaxe group is setting up India?s first chain of wedding malls. The first five wedding malls are coming up in Gurgaon, Agra, Ludhiana and Patiala at an estimated cost of Rs 1,000 to Rs 1,200 cr. These malls will be a one-stop shop catering to all wedding-related needs of people, from designing ...
More About: Wedding , Chain , Malls
NBCC to launch affordable housing project in Delhi, NCR
2008-10-05 11:06:00
The National Building Construction Corporation (NBCC) is all set to launch its first residential project in Delhi and NCR by the end of this year. In Delhi, the project is likely to take shape near the Chhattarpur Mandir near Mehrauli. ?At NBCC, we believe in constructing houses at affordable prices. Our approach is not going ...
More About: Project , Housing , Affordable housing , Launch
High-end residential prices rising
2008-10-05 11:05:00
The prices of high-end residential localities in major metros have witnessed a 20-25% rise in the last four months. The posh markets such as Greater Kailash I & II, Jorbagh, Golf Links, Amrita Shergil Marg, Sunder Nagar, Vasant Vihar and Shanti Niketan in Delhi, Napean Sea Road, Peddar Road, Breach Candy, Malabar Hills in Mumbai ...
More About: Residential , High , Prices
Omaxe Receives Rs 907 Mn Order For Building Township
2008-10-05 11:02:00
Real estate developer Omaxe Ltd has bagged an order worth Rs 907.1 million rupees to build a township for Hindustan Zinc Ltd in Udaipur. Projects such as these are implemented going by the letter and spirit of the National Housing and Habitat Policy of 1998. That policy had envisaged the role of the Government as ...
More About: Building , Order
Choice Hotels, Amrapali Group to set up hotel in Noida
2008-10-04 10:57:00
Choice Hotel s India, an arm of Choice Hotel International, has tied up with Amrapali Real Estate Group for its Clarion brand hotel in Greater Noida . With this project, the Amrapali Group makes a foray in the Hospitality sector. The Clarion Hotel will be located in a township spread over 22 acres that will also have ...
More About: Choice
Hotel Novotel Hyderabad Airport launched
2008-10-04 10:54:00
Novotel has launched the Novotel Hyderabad Airport property near the GMR Hyderabad International Airport (GHIAL). The hotel is spread over five acres and offers 305 rooms consisting of 11 suites, 53 premier rooms and 241 superior rooms. ?Located in a quiet, green environment in close proximity to the airport terminal it is slated to emerge ...
More About: Hotel , Launched
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