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Indian Real Estate News
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Sustainable real estate: Roadblocks to growth
Source: The Times of India Mar 18, 2014
The reasons for the relatively slow growth of India’s green real estate sector can be defined at different levels. At the policy level (Centre and State): The scale of policy-level incentives continues to be a constraint for manufacturers of green technologies, products and equipment as also for developers and consumers of green buildings. To be more precise, the incentives being offered are not consistent across all states, and in states where they exist, the implementation mechanism is not aligned to the expected throughput. ... more
HUDCO raises Rs. 279 cr from 3rd tranche of tax-free bonds
Source: The Hindu Business Line Mar 17, 2014
State-owned Housing and Urban Development Corporation (HUDCO) today said it has raised Rs. 279 crore through the third tranche of tax-free bonds. The Finance Ministry had allowed HUDCO to raise Rs. 5, 000 crore through bonds in the current financial year. HUDCO had raised Rs. 4, 714 crore from the first two tranches of tax-free bonds and private placements. ... more
Goa real estate to see sunny days soon
Source: The Times of India Mar 13, 2014
As the idyllic centre with a long coastline to boast of, Goa is a growing city with a difference. The city is home to thousands of foreign tourists every year and a hotbed of real estate investment destination for residents, nationals as well as NRIs. Foreigners too evince keen interest to invest in real estate here. Goa is now gearing up for a turnaround in development aggravated earlier by the slowdown in economy and high home loan lending rates. There is no denying that the city has been notching up a growth rate of 8-10 per cent in terms of capital values for residential properties every year. After reaching a dizzying high in 2007-08 due to the inflow of huge investments in real estate by multiple investors, prices are stabilising now. ... more
How to plan your real estate purchase
Source: The Times of India Mar 13, 2014
Home is where the heart is - goes the popular adage. It is one of the biggest and probably the most significant investment that entails a lot of planning. The word planning does not necessarily mean mobilisation of funds or scouting for the best home loan offers. Great location and affordable price are common enticements used by real estate developers and builders to lure ‘gullible’ people. People are naďve when it comes to evaluating the cost of an apartment. ... more
NBCC to redevelop govt projects in 3 cities
Source: Business Standard Mar 12, 2014
After the much-talked makeover of government flats in Delhi’s Moti Bagh, public sector company National Buildings Construction Corporation (NBCC) is looking outside the national capital. NBCC is planning to redevelop at least three government housing projects worth Rs 5,000-6,000 crore in other parts of the country. ... more
IL&FS Engineering Services to build elevated metros stations in Kolkata
Source: The Economic Times Mar 12, 2014
IL&FS Engineering and Construction Company has received the mandate for building seven elevated metro stations in Kolkata's proposed New Garia to Airport metro corridor. The project is valued Rs 300 crore and is expected to be completed in three years from the date of issue of letter of acceptance. ... more
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
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