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Realtor Brigade cuts rate by 15% across projects

Madhurima Nandy Live Mint 04.04.2009

More budget housing projects in city

Times of India 04.04.2009
Realtor Brigade cuts rate by 15% across projects

Plans to build cheaper flats for buyers with Rs25-30 lakh budgets, construct hospitals, residences and malls

More budget housing projects in city

CHENNAI: Even when more than a dozen budget housing projects were rolled out in the city suburbs over the past three months, Chennaiites had a grouse that they were all located on the Old Mahabalipuram Road (OMR). Some are coming up as far as 30km from the city.

Pune's growth key to cheap housing'

Times of India 04.04.2009
Pune's growth key to cheap housing'

PUNE: In a market bedevilled by high prices and low availability of housing units, there is a need to segregate the approaches to "affordable housing" and "housing for the economically weaker sections", the city's leading real estate players said on Wednesday.

Tax haven trouble may rattle India’s FDI regime

With the world’s most powerful 20 countries deciding to launch a major crackdown on tax havens, question marks are expected to arise on some of India’s biggest foreign direct investment (FDI) sources, including Mauritius and Cyprus.

Real estate market down, apt time for your dream home

Tanvi Rustagi , ET Bureau The Economic Times 03.04.2009
Indian real estate mkt still promising: Jones Lange LaSalle

The Indian real estate sector may be down but it is definitely not out. Global real estate major Jones Lang LaSalle believes that the Indian market is still promising. Now the question that arises is the realty boom really over?

Top Ten Global Financial Centers

Real estate prices have fallen remarkably in the last few months. The reasons for it are not unknown. The prices were being affected even before Lehman brothers collapsed or Citibank had to be bailed out.

RPT-INTERVIEW-Jones Lang sees India leading Asia business

Real estate services firm Jones Lang LaSalle (JLL.N: Quote, Profile, Research) expects its India business to lead growth in Asia as demand for office space continues from the still rapidly growing services sector, its chief executive said on Saturday.

India to buy $20 mln of Emaar-MGF flats - paper

The government will buy up to 1 billion rupees ($20 million) worth of flats from real estate firm Emaar MGF Land, the Business Standard newspaper reported on Sunday, citing a senior ministry official.

Dying jobs force migrant labourers out of Bangalore

He may not know the nitty-gritty of recession, but Sriram Prasad, owner of a 'dhaba' in India's Silicon Valley, knows that these are hard times. In the last few months his clientele - mostly construction workers and daily wagers - has come down by nearly 70 per cent.

FIPB locks real estate investment for 3 years

Foreign Investment Promotion Board (FIPB) has said that the foreign investors in Indian real estate cannot sell their stakes to another foreign investor before three years.

India's HDFC cuts loan rates by 50 bps

Janaki Krishnan Reuters 27.03.2009
Research suggests which new Indian real estate schemes are in demand

The success of different Indian real estate projects could be defined by the size of the homes they have on offer, according to new research.

India's HDFC cuts loan rates by 50 bps

Indian mortgage lender Housing Development Finance Corp (HDFC.BO) said on Tuesday it is cutting its retail prime lending rate by 50 basis points from March 25.

Heard of pre-approved home loans?

Khyati Dharamsi DNA India 26.03.2009
Real estate employees scurry for cover, seek greener pastures

As real estate developers continue to stare at their unsold inventory, and they are still grappling with severe liquidity crunch, an increasing number of their employees realise their days may be numbered and are scurrying for cover. Headhunters say that in the last four to five months the number of phone calls and e-mails from real estate employees wanting to move out has gone up exponentially. A Delhi-based headhunter said that his firm has received around 2,000 job requests in the last four months from various real estate companies, which includes listed and unlisted firms.

Heard of pre-approved home loans?

Mumbai: Have you applied for a home under a scheme floated by any of the housing development authorities? Are you pitching for any of the thousands of flats available today as part of distressed assets resale (auctioning of a flat by a bank upon default by the borrower)?

Strong growth in small homes

Mahua Venkatesh, Hindustan Times 26.03.2009

Foreign investors in real estate locked for 3 years

Sanjeev Choudhary & Rajat Guha India Times 26.03.2009
Strong growth in small homes

Real estate may be a slump and banks may be licking their past wounds, but the shift to affordable housing – a win-win combination for cash-strapped realtors and first-home seekers, is bearing fruit.

Foreign investors in real estate locked for 3 years

Foreign investors in Indian real estate cannot sell their stakes to another foreign investor before three years, the Foreign Investment Home loan rates may drop shortly

Realty slump hits Trikona Capital, to be wound up

Vandana & Shivani Shinde Business Standard 26.03.2009

No taxing business

Times of India 23.03.2009
Realty slump hits Trikona Capital, to be wound up

The slump in the real estate market has caused investors in the £250 million Trikona Capital, the India real estate fund of Trikona Trinity Capital, to demand that its fund managers “dispose of all its assets in an orderly fashion”. Trikona Trinity Capital is listed on the Alternative Investment Market (AIM) on the London Stock Exchange.

No taxing business

Bangalore: The common refrain not too long ago was: why this new system? But surprisingly, the mood has now changed with many endorsing the BBMP's new propety tax policy for being user-friendly.

“New” India Bows to Newer Realities

Tripti Lahiri Architectural Record 23.03.2009
 
“New” India Bows to Newer Realities

In the past five years, as India’s hunger for glass-encased IT parks and marble-swathed gated communities appeared insatiable, architects designed supersize projects dreamed up by Indian developers. Then the money disappeared. As the global economic crisis has snowballed, the country’s banks have turned skittish.

 
 

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