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Indian Real Estate News : Mumbai
With a population of around 19 million people, Mumbai and its suburbs encompasses one of the biggest urban agglomerates in the world, which is only second to Tokyo. The population of Mumbai is increasing at a massive rate ... more
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Demand drops for affordable homes, up for luxury: PropIndex
Source: The Times of India Jul 30, 2014
With buyers and developers adopting a wait and watch attitude during the Apr-Jun 2014 quarter, the real estate markets across the country remained subdued. This was reflected in the current edition of PropIndex (Apr-Jun 2014). With limited fluctuations observed in the demand and supply matrix, the City Index in different cities remained largely stable except in Delhi. This in turn arrested growth of the National Property Index (NPI), which inched up by just one per cent this quarter. ... more
Residential property sales and prices may rise
Source: Livemint Jul 30, 2014
Sentiment seems to have turned positive in the real estate market. The most recent Ficci-Knight Frank Real Estate Sentiment Index of April-June 2014 underscores this. The index, based on a survey base of 150 industry respondents across India, increased six points to a level of 69 in the second quarter of 2014. ... more
Choosing a good real estate agent who fits your luxury
Source: The Times of India Jul 23, 2014
There are several independent ways of getting a good buyer (or seller) but a good real estate agent is a professional whose expertise can add extra value to your search. ... more
Location is key for ultra luxury homes
Source: The Economic Times Jul 21, 2014
Many developers are trying their best to create new zones and addresses across India that can appeal to HNI (High-net-worth individual) property buyers. This endeavour has met with varying degrees of success on the ground when it comes to swaying the ultra-rich clientele. Barring upgrades in design concepts and the addition of some new accoutrements to amplify a luxury lifestyle, the baseline concept of luxury homes has not materially changed in many cities. ... more
Individual 'can buy' immovable properties aboard under LRS
Source: Business Standard Jul 17, 2014
The Reserve Bank of India (RBI) clarified on Thursday resident individuals can buy immovable properties outside the country under the Liberalised Remittance Scheme (LBS). Under the scheme, remittances of $125,000 per year was allowed by the regulator last month, which was increased from the earlier $75,000 per year. The central bank had reduced the limit from $200,000 last year as the rupee weakened sharply against the dollar. ... more
Affordable housing to be cheaper, thanks to RBI
Source: The Times of India Jul 17, 2014
Sentiments across the real estate sector echoed in unison that implementation is the key for the excellent budget proposed by the Finance Minister this month. Just days after the budget day, RBI has taken the first step towards implementing one of the most pressing issues - affordable housing! ... more
More than 10 companies line up to start REITs
Source: Hindustan Times Jul 15, 2014
In the wake of the budget proposal last week, several real estate companies and private equity funds are planning to list their commercial property portfolio through the real estate investment trusts (REITs) in the near future. These include Embassy group, DLF, RMZ Corp, Xander, Red Fort Capital among others, all of which have accumulated income generating commercial assets. ... more
Realtors hail RBI move to ease norms for affordable housing
Source: The Economic Times Jul 15, 2014
Realtors' body CREDAI today hailed the RBI's move to ease norms for banks to raise long term funds for financing affordable housing, saying this will lead to cheaper credit for such projects. In order to encourage infrastructure development and affordable housing, RBI today exempted long term bonds from mandatory regulatory norms like CRR and SLR if the money raised is used for funding of such projects. ... more
Budget 2014: Glass half full for real estate
Source: The Times of India Jul 13, 2014
As the much-awaited Union Budget 2014-15 got tabled in the parliament, the real estate sector was left in the lurch as some of its expectations were fulfilled, while some were left out. “Finance Minister Arun Jaitley’s maiden budget was a glass half empty and half full with hope. However, some expectations are left out,” says Lalit Kumar Jain, chairman, CREDAI while describing the budget. ... more
Industry reacts on Jaitley’s maiden budget
Source: The Times of India Jul 13, 2014
As Finance Minister Arun Jaitley tabled maiden budget in the parliament, the expectations of real estate industry soared high. Industry stakeholders welcomed the much anticipated Modi govt budget and desires for more “Acche Din”. Brotin Banerjee, MD & CEO, Tata Housing – “Tata Housing Development Company (THDC) welcomes the announcement of the Union Budget 2014-15. Focusing on fiscal prudence, this budget has introduced proposals that may help to kick-start investments in the real estate sector. ... more
Luxury housing catches home buyers’ fancy
Source: The Times of India Jul 13, 2014
One of the richest among immigrants today, Indians spread over 200 countries have travelled widely, assessed choices and thanks to their experiences, such tastes have enriched and encouraged local real estate developers to replicate constructional and technological improvements in the Indian scenario. ... more
Huge opportunities exist for India infra to go the greener way: Amory Lovins
Source: The Hindu Business Line Jul 13, 2014
A top US-based environment scientist outlined the importance of developing the new infrastructure in the country using green techniques. Speaking at an interactive meeting hosted by the CII Green Building Council, Amory B. Lovins, Chief Scientist and Chairman Emeritus, Rocky Mountain Institute, Colorado underlined that since most of the infrastructure in India is yet to be built, there is substantial opportunity for India to go the greener way. ... more
Realty sector looking for better days
Source: The Times of India May 30, 2014
The Union minister for Housing and Urban Poverty Al leviation, M Venkaiah Naidu, promised that the top priority of his ministry would be to set up 100 new smart and safe cities in the country. Another priority is housing for all by 2020 for which Public Private Partnership (PPP) as well as Corporate Social Responsibility (CSR) will be encouraged. ... more
How to boost the value of your property
Source: The Times of India May 30, 2014
A cleaner and healthier environment has a direct impact on property values. This is something that Magicbricks’ data analysis has consistently thrown up. Localities have witnessed as much as 20 per cent hike in values due to their healthier and greener environments. ... more
Housing for all by 2022 Narendra Modi govt's motto, CSR push by private sector desirable: Venkaiah Naidu
Source: The Financial Express May 30, 2014
Highlighting the priorities of his ministry, Union Minister for Urban Development, Housing and Poverty Alleviation Venkaiah Naidu today said private sector as part of their social responsibility should go for housing for their staff. ... more
CREDAI, NAREDCO’s wish list for Modi govt
Source: The Times of India May 26, 2014
With Narendra Modi swearing-in as the Prime Minister of India today, NAREDCO and CREDAI, the national level real estate key bodies representing all stakeholders shared their wish list. ... more
57% of Indians think next 30 days good time to buy real estate
Source: The Economic Times May 26, 2014
Nearly 60 per cent of Indians think that next one month would be a good time to buy real estate with improvement in consumer sentiments following formation of a stable government, according to a survey by global research firm Ipsos. ... more
ICICI Bank announces cut in home loan rates
Source: The Times of India May 21, 2014
ICICI Bank, the largest private sector lender, has announced a 0.10 per cent reduction in home loan rates for a limited period, bringing them on par with bigger rival State Bank of India. ... more
Real estate expects industry status in Modi’s rule
Source: The Times of India May 18, 2014
The real estate sector has been yearning for the industry status for long now. After facing disappointment time and again, the sector now expects this move from the new government, which in most probabilities is going to be the NDA-led government. ... more
Now, no penalty for pre-paying your loans
Source: The Hindu Business Line May 07, 2014
Now you can pre-pay your home loans, vehicle loans or personal loans without having to worry about what your bank might charge you as penalty. The RBI has directed banks to not levy any penalty on individual borrowers pre-paying floating rate term loans. ... more
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