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Indian Real Estate News
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Make the most of online property auctions
Source: The Hindu Business Line Mar 09, 2014
With the economy tottering, bad loans are piling up at many banks. This is forcing banks to put on the block assets pledged by defaulting borrowers. Therefore, in adversity lies an opportunity, even if it’s for someone else. ... more
Real estate may perk UP POST POLLS
Source: The Times of India Mar 07, 2014
Hit by slowing economic growth, rising borrowing costs, and high property prices, demand in the realty sector remained subdued in 2013particularly in the housing segment resulting in sales slowdown and pressure on asset pricing across leading cities. Experts say the current cautious market sentiment is likely to continue, as headwinds to growth will prevail at least until the first half of 2014. ... more
5 reasons to invest in Dum Dum, Kolkata
Source: The Times of India Mar 05, 2014
The real estate market of Kolkata's Dum Dum has been growing consistently due to proximity to airport, connectivity, affordable value and more. Here is a review of the locality. Located at a distance of approximately ten kilometres from the centre of the city, Dum Dum is known for the Netaji Subhash Chandra Bose International Airport. It has a well-laid rail and road transport network. The railway station is located on the Sealdah-Ranaghat line and the bus service is regular to Jessore, Babughat, Salt Lake Sector V, Birati-Nimta road, Cantonment Road and more. ... more
Trams to ply in Delhi again
Source: Livemint Mar 05, 2014
In a bid to revive the lost heritage of National Capital, Lieutenant Governor Najeeb Jung has approved a proposal which will pave the way for trams to ply on the streets of Delhi. ... more
Tata to put Rs 1,200 crore in houses for the old
Source: Business Standard Mar 03, 2014
Aiming to capture 25 per cent share in the senior living segment, Tata Housing plans to invest Rs 1,200 crore by 2018 for setting up 13 such projects across the country. ... more
Acumen to invest in low-income housing in India
Source: Livemint Mar 02, 2014
Acumen Fund, a New York-based not-for-profit venture fund for businesses that address poverty, is about to make its first investment in the low-income housing space in India. ... more
Where to buy a flat under Rs 30 lakh in Kolkata?
Source: The Times of India Feb 27, 2014
Are you looking for a property in Kolkata under Rs 30 lakh? Finding a home in this budget range may sound impossible in the metro city of Kolkata, but there are some localities where such residential properties are available. Let's have the insight of some of these areas. ... more
Global investable real estate to grow by more than 55 per cent by 2020
Source: The Times of India Feb 27, 2014
Rapid urbanisation and demographic changes, especially within emerging markets, will lead to substantial growth in the real estate investment industry over the next six years, according to Real Estate 2020: Building the future, a new report from PwC. At the same time as the industry's opportunities grow, so too will assets invested into the sector. ... more
Primarc invests 300 cr in Bengal real estates
Source: The Hindu Business Line Feb 27, 2014
Primarc Group, which runs the 'Crossword' franchisee in West Bengal, has invested nearly 300 crore in real estate projects in the State. At least six projects across the IT-township of Sector V in Salt Lake, Kolkata proper and other fringe areas and suburbs like Birati and Chandannaore are already under various stages of construction. ... more
Steel prices set to go up by Rs 1,000/tonne next month
Source: The Financial Express Feb 27, 2014
Steel prices are likely to increase by up to Rs 1,000 a tonne from next month as two more producers, including state-run RINL, plan to raise their rates, following JSW Steel announcing a R750 per tonne hike. ... more
Five Indian cities in 'world's least costly office space' list
Source: The Financial Express Feb 25, 2014
Five Indian cities - Hyderabad, Chennai, Pune, Bangalore and Kolkata - are among the top 10 least expensive office space markets in the world, according to latest findings of DTZ Global Research. ... more
DHFL offers 25 bps cut on home loan for women
Source: The Hindu Business Line Feb 25, 2014
Private housing finance company DHFL will offer a 25 basis point reduction in home loan products for its women customers. Under the 'DHFL Home Loan for Women' offer, all single / first woman applicants who are also the sole / co-owners in the property will be eligible for a 25 bps (0.25 per cent) waiver on the rate of interest, the company said in a statement. ... more
Private equity funds returning to realty space again
Source: The Economic Times Feb 23, 2014
Optimistic about the revival of economy after Lok Sabha elections, foreign and domestic private equity players are now returning to Indian real estate sector, but with caution and will focus on top six-seven cities, say industry experts. ... more
All India Mayor’s meet: Connecting with your city’s first citizen
Source: The Times of India Feb 21, 2014
Mayors are the lifeline of your city. Whatever your city is facing - good or bad the mayor is accountable for that. At Magicbricks, we have always made it a point to make the city authorities hear your voice, to know your feedback and concerns and at the same time update you with the latest from their side- whether it is policy or infrastructural developments. ... more
Kolkata scores big in office rental
Source: The Times of India Feb 20, 2014
The Dalhousie-Park Street neighbourhood has something new to brag about. It is going through one of the steepest spikes for office rental charges in the Asia Pacific region. The city, lagging behind on many parameters, is competing with the most sought-after locations like Jakarta, Bangkok, Singapore, Seoul and Shanghai on this front. ... more
Infrastructure spending raised 8.6%
Source: Business Standard Feb 17, 2014
In the interim Budget for 2014-15, Finance Minister P Chidambaram has raised allocation towards the infrastructure sector by as much as 8.6 per cent. The government will allocate Rs 1,81,134 crore to the sector, comprising power, coal, roads, civil aviation, ports and railways, against Rs 1,66,756 crore in 2013-14. ... more
Affordable housing, a reliable sector
Source: Livemint Feb 16, 2014
The affordable housing segment has emerged as one of the most vibrant and dynamic sectors in the Indian real estate industry. Various factors have contributed to this growth - on the supply side it is the entry of various real estate developers and availability of financial options; whereas rapid urbanization, growing trend of nuclear families and rising income levels have fuelled the demand for affordable housing. There is hardly a dispute that there still is a considerable supply shortage in this segment. ... more
How to make your real estate investment earn for you
Source: The Times of India Feb 12, 2014
Exclusive or pure investors buy property for the exclusive purpose of earning a profit on them; they do not utilise the estate personally. The properties in question can be residential (flats, bungalows, row houses, duplexes, etc.), commercial properties (offices, factory sheds, etc.), retail (e.g. mall space) and non-developed or partially developed land. ... more
Home prices rise up to 8% in 16 cities, Mumbai stagnant during October-December
Source: The Economic Times Feb 11, 2014
Despite weak home sales in many cities, prices continued to rise in 16 property markets including Delhi, Bangalore, Chennai, Pune and Hyderabad in the quarter ended December, according to the National Housing Bank's housing prices index, NHB Residex. ... more
Tata Capital offers special home loan rates for women
Source: The Hindu Business Line Feb 10, 2014
Tata Capital Ltd’s housing finance subsidiary, Tata Capital Housing Finance Ltd, has announced a special home loan offer for women. “This special scheme offers an interest rate of 10.15 per cent for loans up to Rs.40 lakh obtained till Women’s Day, that is, March 8, 2014, the normal rate of interest being 10.50 per cent,” Tata Capital said in a statement. ... more
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