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Indian Real Estate News
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Real estate developers using canny branding to lure address-conscious buyers
Source: ET Bureau Jan 16, 2013
If dress and address matter to you, real estate developers may not be able to do much about the former but they can sure give you an address that may make even the boondocks appear like New York's Fifth Avenue - at least on paper. ... more
Tag: india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai
Steps tenants should take to avoid being charged arbitrarily by housing society
Source: ET Bureau Jan 14, 2013
When Karan Singh leased an apartment in a plush housing society in Mumbai a year-and-a-half ago, little did he realise that he would have to face problems. When he moved in, he was asked to pay a monthly fee of Rs 1,000 and Rs 1,500 for two parking spaces for his cars. After three months, the rates were hiked to Rs 1,500 and Rs 2,000. ... more
Tag: property buying in india, real estate trends, property of india, real estate in india
Mumbai, Delhi NCR and 6 other cities to remain favoured real estate investment destination in 2013
Source: ET Bureau Jan 11, 2013
'I want to buy a property this year' is likely to be one of the key resolutions of many Indians in 2013. And, not necessarily for living in that house, but also for investment purposes. After all, property, along with gold and fixed deposits, continues to maintain its stronghold over the average Indian investor's psyche. For many investors, the allure of real estate has not dimmed, despite the slump the sector witnessed in 2012. ... more
Tag: property buying in india, real estate trends, property of india, real estate in india
Central nod for ownership rights in 45 resettlements
Source: PTI Jan 10, 2013
In good news for lakhs of Delhi residents, the Centre has ratified the city government's decision to grant ownership rights to people living in 45 resettlement colonies developed since 1950. ... more
Tag: india real estate, delhi properties, india properties
Housing sales fall by 16% in 2012; new launches drop by 30%
Source: PTI Jan 08, 2013
Housing sales have declined by 16 per cent to nearly 2.10 lakh units during 2012 in the top six cities as high property prices and costlier home loan affected demand, property consultant Knight Frank said in a report. ... more
Tag: property buying in india, real estate trends, property of india, real estate in india
Mumbai-based Lodha Group to sell Lower Parel project through IPO model
Source: ET Bureau Jan 07, 2013
An initial public offer for buying residential apartments? Yes, you've read it right. The Mumbai-based Lodha Group is using an innovative IPO allotment-like automated algorithm system to sell apartments at its latest 17.5 acre premium project at Lower Parel in central Mumbai. ... more
Tag: india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai, Lodha Group
HDFC Bank likely to buy office space in Lower Parel for Rs 220 crore
Source: ET Bureau Jan 04, 2013
In one of the largest outright office space deals, HDFC Bank is close to buying nearly 1.3 lakh sq ft of commercial space spread over four floors in Peninsula Business Park at Lower Parel in central Mumbai, according to persons who are involved with the transaction. ... more
Tag: india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai, HDFC Bank
Sahara moves Supreme Court for stay on direction to pay
Source: TNN Jan 03, 2013
Two Sahara companies on Wednesday moved the Supreme Court seeking stay on the direction to pay up around Rs 19,000 crore to Sebi, saying the Rs 5,120 crore they had deposited with the market regulator was in excess of the amount needed to secure the investors. ... more
Tag: sahara group, indian realty trends, indian real estate
Competition Commission of India expects model agreement in DLF case to serve as benchmark
Source: PTI Jan 01, 2013
Fair trade regulator CCI is working on a model framework for commercial agreements between real estate developer and the property buyer, which it expects to serve as a benchmark for the industry. ... more
Tag: property buying in india, real estate trends, property of india, real estate in india
Buying a house: How to bag a good property deal in 2013
Source: ET Bureau Dec 31, 2012
The passing year witnessed insipid growth in the residential property market, with buyers turning cautious and hoping for a price correction and lower home loan interest rates. The developers managed to hold on to the ticket prices of their projects, but were forced to offer discounts to generate sales. ... more
Tag: property buying in india, real estate trends, property of india, real estate in india
Office space absorption drops 23% in 8 cities: Cushman and Wakefield
Source: PTI Dec 28, 2012
Office space absorption dipped by 23% during 2012 in major cities to 29 m sq ft as corporates remained cautious of expanding businesses amid global uncertainties and slowdown in the Indian economy, property consultant Cushman and Wakefield has said. ... more
Tag: property buying in india, real estate trends, property of india, real estate in india, office spaces in India
Bayer set to sell off Powai HQ for over Rs 90 crore
Source: TNN Dec 27, 2012
German agrochemical major Bayer Group is in advance talks with Hiranandani Group to sell its current headquarters, Bayer House, in Hiranandani Gardens, Powai. ... more
Tag: india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai, Bayer Group, Powai
Real estate trusts may get govt nod to invest in rental property
Source: ET Bureau Dec 25, 2012
The government is working on a proposal to allow real estate investment trusts (REITs) to participate in the country's rental housing market. Housing and urban poverty alleviation minister Ajay Maken told ET that his ministry is framing a policy paper on REITs and it will be take up with the finance ministry soon. ... more
Tag: property buying in india, real estate trends, property of india, real estate in india
Real estate sector: Hopes build up, but no one's betting on a rebound
Source: ET Bureau Dec 24, 2012
It has been a tough year for the Indian real estate sector, with developers' expectation of a sales revival and consumers wish for price correction both turning out to be pipe dreams. Although developers and consultants are hoping for an improvement in 2013, nobody is ready to bet on any sharp uptick. However, the coming year is likely to see some non-traditional markets emerge as investment destinations. ... more
Tag: property buying in india, real estate trends, property of india, real estate in india
Realty set for growth in 2013
Source: TNN Dec 22, 2012
The year-end is around the corner. It has been a year of high inflation that led to a tight monetary policy . Despite the demand for some easing in the monetary policy, the Reserve Bank of India (RBI) could not bring down the key policy rates, given the upward pressures on inflation . ... more
Tag: property buying in india, real estate trends, property of india, real estate in india
Demand from IT and manufacturing sector employees to drive Pune real estate in 2013: JLL India
Source: ET Bureau Dec 21, 2012
Pune's residential real estate segment will see stronger demand in 2013 from IT/ITeS and manufacturing sector employees, Mumbai-based investors and NRIs looking to invest in stable market, property consultancy firm Jones Lang LaSalle India has said. ... more
Tag: indian properties, indian real estate, pune properties, real estate of pune
Kanakia to invest funds from Cinemax stake sale in realty subsidiary
Source: ET Bureau Dec 20, 2012
Kanakia Group, which recently sold its entire stake in multiplex chain Cinemax IndiaBSE 1.19 % for nearly Rs 400 crore, plans to infuse the funds into its realty arm Kanakia Spaces ... more
Tag: india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai
New Delhi moves up from 9th to 5th position in the list of world's most expensive office markets
Source: ET Bureau Dec 19, 2012
India continued to feature in the list of World's most expensive office markets, with New Delhi (Connaught Place - CBD) moving up from 9th position to 5th position (with an overall occupancy cost of US$ 183.30)according to CBRE Global Research and Consulting's semi-annual Prime Office Occupancy Costs survey. ... more
Tag: india real estate, delhi properties, delhi NCR real estate
Real estate & housing finance cos allowed to raise $1bn from abroad
Source: ET Bureau Dec 18, 2012
The Reserve Bank of India has allowed real estate developers and housing finance companies to raise funds overseas for low-cost housing projects. ... more
Tag: Indian real estate, property in india,reserve bank of india,realty trends
'New circle rates in Delhi higher than market value'
Source: ET Bureau Dec 17, 2012
Some real estate experts have said the new circle rates, or the minimum valuation at which a property can be registered with the government, are higher than the market value in a few areas. ... more
Tag: india real estate, delhi properties, delhi NCR real estate
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