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Residential Rentals Rise As Buyers Wait
The outlook for India's property market is turning gloomier and aspiring home buyers are hoping that they would get a good bargain if they wait. As a result, residential rentals are rising again....
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Builders Adopt A Cautious Approach Following The Slowdown
The slowdown in the real estate sector has forced developers in Mumbai to move cautiously. Several developers have cut down on work on their under-construction projects. Besides that, some developers...
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Demand For Serviced Apartments Slows Down
Thanks to lower travel spends by enterprises, the serviced apartment players in major cities in India have seen a drop in occupancy rates. Even as global recession looms, companies are exploring...
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L&T Mulls Real Estate Mutual Fund
Larsen & Tourbo (L&T), the country's largest engineering and construction conglomerate, is planning to establish a real estate mutual fund (REMF) to expand its portfolio of financial services...
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Realtors Anticipating Some Relaxation In Home Loan Rates
While banks do not see any immediate decrease in lending rates after the 150 basis-point cut in Cash Reserve Ratio by the Reserve Bank of India, realtors anticipate the move to reduce home loan rates...
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Realty Market Hit By Financial Crisis
India's fund starved real estate industry, which is already reeling under dropping sales, high interest rates and drying up of private equity sources, has to grapple now with credit squeeze created by...
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Aryavrat Plans To Invest In Luxury Housing
Real estate firm, Aryavrat Housing Construction said that the company is planning to invest Rs 1, 000 crore in developing a 58-acres luxury housing complex in Bhopal. "In view of the growing need of...
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JMD Group To Come Up With Townships In Punjab And Haryana
Real estate developer, JMD Group, is planning to develop two township projects in Punjab and Haryana with an estimated investment of Rs 750 crore. The Group, which had floated a company JTPL Townships...
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Akshaya Enters Fully Automated Housing Sector In Chennai
Property developer, Akshaya Homes announced its plans to foray into the fully automated housing sector with the construction of four flats, each of 3000 sq ft in Adyar in the heart of Chennai. These...
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Can investing in land assure good returns in future?
The lucrative long-term return on land plots may tempt you to buy, even at a time when the real estate sector is reeling under the impact of a slowdown. In such a market scenario, can investing in land...
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Realty stocks bear the brunt of the fall
Shares of real estate firms were the worst hit on Friday after concerns of a liquidity crunch in the business drove the sectoral index, the Bombay Stock Exchange’s (BSE) realty index, down nearly...
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No Festivities For The Realty Market This Festival Season
Nothing seems to be going right for Delhi's realty market this festival season. Even discounts and freebies have failed to tide over sluggish sales. The global financial crisis has resulted in a severe...
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Think Twice Before Buying A House, It Might Be Unfinished
Want to buy a new home this Diwali? Then don't go for a house that is unfinished, warn experts in the realty sector. The global financial crisis has left builders with little money and they are...
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Realtors To Approach PM For Help
Following the footsteps of financial institutions and aviation companies, the real estate sector also plans to approach the government for a relief package. Realty industry bodies such as the National...
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Slowdown Affects The Demand For IT Space In India
Information technology space has resulted in reduced demand for office space in India in the second quarter of the current financial year. As per the report, many companies, especially in the IT/ITes...
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Home Loans Likely To Get Cheaper
After shoring up the banking system with Rs 1, 45,000 crore funds, the Reserve Bank of India has paved the way for cheaper home, consumer, corporate and personal loan rates by reducing its key-short...
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Slowdown In Demand Forces Realtors To Freeze Rates
Real estate developers have hardly hiked their rates in the last six to eight months and some of them have not hiked them at all. Property analysts say this scenario is different from that witnessed...
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Global Crisis Affects Real Estate In Bangalore
The global meltdown seems to have hit the Indian realty business severely, especially in Bangalore. Uncertainty in the Indian equity market and speculation over property prices have put the developers...
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Parsvnath's Festive Sales Down By Half
Sales at Parsvnath Developers' in the festival season of Diwali are down to half from a year ago, but the company does not plan price cuts to boost sales, its chairman said. High interest rates on home...
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Merrill Lynch Invests $ 2.65 Billion In Asian Market
Merrill Lynch has invested $2.65bn in the Asian Real Estate market. This is the third Asian property fund of over $2.5bn that has been raised this year, despite the continuing disturbance in the global...
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Be Careful, Time-based Payments Spell Higher Risks For Buyers
All those who are looking at buying property are now faced with a different kind of situation with regard to payments. Earlier, a buyer had to pay the builder a specific percentage of the total price...
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Realtors In South Adopt New Strategies To Woo Buyers
Considering the current global economic slowdown and its impact on the Indian economy, realtors are coming up with novel marketing strategies to woo reluctant flat buyers. Realty players such as Mantri...
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Malls Coming Up With Hotels On Premises To Attract More Customers
The new mantra for city malls is to entice customers into staying at the mallsonly. For instance, the Select City Walk Mall in Saket, recently unveiled 83 plush suites spread across five levels,...
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Single-family Home Starts in the US Plunges Down
Single-family housing starts fell more than anticipated in September, falling to the lowest level in a quarter century and indicating the real-estate slump intensified even before the recent credit...
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Realtors Shift Focus on Integrated Townships
After the slowdown in demand for residences, developers and international property consultants have realised that 'integrated townships' are the next trend across the country. Many realty majors are...
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