Mumbai may be under siege,
but the fabled Mumbai spirit will be back in full
play when the dark night dissipates and the morning
dawns. After all, Mumbai, a city in incessant movement,
cannot stop, inherently. The stock, money and commodity
markets will probably be up in the morning. (28 Nov, 2008, Indian Realty News)
Built to perfection:
The Indian construction industry Shailesh Khatri
Despite the recent upheavals,
India has seen real estate demand ride a high tide
over the past decade. Quality of construction has
been extremely uncompromising with luxury and comfort
given utmost precedence. With a booming economy like
ours where salaries have increased at whopping rates
like never before; people seem well equipped to pay
for it.
Retail Sector India Welcomes Self-
Service Technologies
The global economic downturn has opened
up opportunities for self-service cash transaction
and check-out kiosks at retail stores across the country.
The self-service kiosk concept, a hit in markets such
as the US, the UK and Japan, among others, enables
retailers to deploy cashiers on the shop floor to
enhance customer experience, apart from helping the
cut down costs.
Indian Real Estate Market has
Enormous Potential, Feels Middle East Developer
India's real estate market could reach
a value of $60 billion by 2010, and become an "enormous"
economic power, a Middle East developer has said.
Abdullah bin Abdulaziz Al Majed, vice chairman of
Tanmiyat Group, was speaking ahead of the firm's participation
at property show Cityscape India 2008.
Unitech expects to raise Rs 1,500
crore through the sale of offices, land and a hotel
in the next three to four months to tide over the
current liquidity crunch and pay off debt, Chairman
Ramesh Chandra said on Wednesday.
Finance Minister P. Chidambaram on
Monday asserted that despite the global meltdown,
India, unlike many other global economies, would continue
to grow at seven to eight per cent this fiscal. It
was nowhere near a recession.
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.
