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Rise and fall of Bengaluru's realty market

Divya Kumar Citizen Matter 28.04.2009
Realty may see sales building up in Q4, but profits could fall

India’s real estate companies are expected to see a marginal rise in sequential sales in the fourth quarter ended March 31, 2009, on the back of good demand for their new projects, coming at up to 20% discount to existing market prices. However, their profits may take a hit. On a year-on-year basis, the top five real estate companies are expected to report a 74% decline in topline, according to the estimates of ET Intelligence Group and five brokerage houses.

Rise and fall of Bengaluru's realty market

Real estate activity contributes significantly to the overall economic output in India, as it does in most economies across the globe. The sub prime crisis in the US, triggered by the high default rate of sub prime home loan borrowers, has snowballed into an economic crisis that has pulled most of the world into its grip. The co-relation and co-existence of a flourishing real estate sector with a healthy economy has never been more obvious than it is now. Here’s a reality check on the situation in Namma Bengaluru.

Builders, politicians cheer affordable homes in India

A recent state government lottery for about 4,000 low-cost apartments in Mumbai drew more than 430,000 applications, underlining the need for affordable housing in a country where housing is also a top election issue.

All-India property fair begins at Egmore

A three-day all India property management fair, jointly organised by Propshell, a property management firm, and Times Property, started at Raja Muthiah Hall, Egmore, on Friday

Real estate companies set to post dismal full-year numbers

Brokerages say net profit of five listed developers may show a decline of 18-78%, revenues by 26-41%

Realtors' March qtr earnings seen bruised by crisis

India's real estate companies are seen posting a fall in March quarter earnings as sales slumped amidst the global credit crunch, analysts said.

India cbank offers 600 bln rupees at special repo

The Reserve Bank of India said it would conduct a special repo auction for 600 billion rupees on Monday. The reversal of the auction will be on May 11, it said in a statement.

Home interest revives, deals rise 12-15%

India’s housing sector is showing stirrings of growth with a marked increase in the number of transactions for the last quarter of fiscal 2009, interest rate cuts on housing loans announced by various banks begin to take effect.

Citi Property Investors’ India Head to Lead Asian Real Estate Platform

CPI currently manages the CPI Capital Partners Asia Pacific fund, which closed a $1.29 bn fund in February 2007.

India Central Bank's Rate Cuts will boost Demand

Realty developers and property consultants on Tuesday hailed the Reserve Bank of India's (RBI) decision to further cut short term lending and borrowing rates, saying that the move would help boost demand in the housing sector.

Get Property Value Estimate in Seconds at Zamanzar.com for Indian Real Estate

Real estate buyers and owners who need to find current value of property and real estate rates in India can now do so online from the comfort of their home or office. Zamanzar.com is the first Indian real estate portal to release an online tool that lets anyone calculate a property value estimate (ZamEstimate(TM)) within seconds for properties in Delhi NCR, Mumbai, Ahmedabad, Pune, Jaipur, Lucknow, Bangalore, Hyderabad, Chennai, and Kolkata.

Indian Housing Industry to Observe 20% CAGR till 2013

Surging demand for large scale housing projects will drive the overall growth of Indian housing industry in the coming times.

APM Terminals CEO Inaugurates New Development at Pipavav, India

APM Terminals CEO, Kim Fejfer spoke at the ceremony stating “The port’s strategic location and excellent connectivity makes it the best choice for shippers in the Asian, African, Middle-East, European, Mediterranean and US trade lanes“. Mr. Fejfer switched on the first of two, new post-panamax quay cranes recently delivered to the port, which have expanded its container handling capacity, bringing the total number of gantry cranes to eight. During the ceremony, the foundation stone for a new Customs House was laid, a new fertilizer bagging plant was opened, lifting the port’s handling capacity for bagging this key cargo from 1000 to 10,000 tons per day, and phase one for plans of a new employee housing complex were announced.

Real estate attracting maximum investment: Assocham

The Associated Chambers of Commerce and Industry of India (Assocham) said that the real estate sector`s share in total private sector infrastructure investments in Metros in last 6 months works out to be 12%, followed by 10.26% in hospitality.

Jerry Rao plans foray into low-cost housing, seeks Murthy's support

Raghuvir Badrinath Business Standard 22.04.2009
Jerry Rao plans foray into low-cost housing, seeks Murthy's support

Serial technology entrepreneur Jaithirth (Jerry) Rao, who founded MphasiS and later sold it to global software firm EDS Inc nearly four years ago, is firming up a business plan for low-cost housing, which is picking up steam in India

India's office rentals fall on quarter- report

Office markets across India showed a decline in rental values in the Jan-March period from the previous quarter, according to the report by real estate services firm, Cushman & Wakefield.

India's Muslims See Bias in Housing

Emily Wax The Washington Post 20.04.2009
Lawyers to investigate Indian property developments over mismanaged funds

Hundreds of Irish property investors are seeking clarification over delays and confusion surrounding two Indian real estate developments.

India's Muslims See Bias in Housing

Recent Increase Is Blamed on Islamist Terrorist Attacks in Mumbai Last Fall

Realtors' March qtr earnings seen bruised by crisis

India's real estate companies are seen posting a fall in March quarter earnings as sales slumped amidst the global credit crunch, analysts said.


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Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.