Realty Bill may open new doors to transparent, secure home buying
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Tue, 6/12/11 – 15:41 | No Comment

For many, buying a residential property is the biggest investment they make in their lifetime. Last week, the government released for public comments a draft Real Estate Regulation Bill, which is said to be on …

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Articles Archive for April 2009

3 Year Lock-in for Foreign Investment in Real Estate
Monday, 27 Apr, 2009 – 12:22 | No Comment
3 Year Lock-in for Foreign Investment in Real Estate

Foreign investors in Indian real estate cannot sell their stakes to another foreign investor before three years, the Foreign Investment Promotion Board (FIPB), the body that clears such proposals, has said. With this, FIPB has …

Forest land: Relief may cover more homes
Monday, 27 Apr, 2009 – 12:21 | No Comment
Forest land: Relief may cover more homes

MUMBAI: All those who commenced construction on forest land between June 22, 2005-when the Bombay high court passed its judgment on the forest land case-and June 22, 2006, may get relief from the Supreme …

HDFC rate cut to benefit 9 lakh home loan borrowers
Monday, 27 Apr, 2009 – 12:21 | No Comment
HDFC rate cut to benefit 9 lakh home loan borrowers

Mumbai, March 24: HDFC — the country’s largest housing finance company — has cut its retail prime lending rate (RPLR) by 50 basis points. The rate cut will benefit its nine lakh home loan borrowers …

Not all banks have stopped lending, says PNB chief
Monday, 27 Apr, 2009 – 12:20 | No Comment
Not all banks have stopped lending, says PNB chief

Mumbai: Punjab National Bank chairman and managing director KC Chakrabarty was at its witty best at the Confederation of Indian Industry’s (CII) conference on Monday. He took a dig at almost everyone — from the …

Luxe, but deserted
Monday, 27 Apr, 2009 – 12:20 | No Comment
Luxe, but deserted

High-end luxury malls were expected to command huge rentals, which in turn would have helped malls cover high overheads and translate into high margins. But the economic slowdown has changed all that
By Priyanka Dasgupta Brahma …

Strong growth in small homes
Monday, 27 Apr, 2009 – 12:19 | No Comment
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.
Public sector bank …

DLF says west Delhi apartment project on despite lower demand
Monday, 27 Apr, 2009 – 12:19 | No Comment
DLF says west Delhi apartment project on despite lower demand

The realty firm’s Shivaji Marg project will have around 500 flats priced between Rs78 lakh and Rs99 lakh
New Delhi: Undeterred by a slowdown in demand for homes in urban India, DLF Ltd, India’s largest developer …

Falling property prices fail to lift sales
Monday, 27 Apr, 2009 – 12:18 | No Comment
Falling property prices fail to lift sales

Mumbai Buyers tread cautiously even as developers offer discounts
Prabhadevi-based garment exporter Hashmukh Kapadia has been looking for a two-bedroom flat for more than a year now. The prices in the area have fallen by 35 …

SBI goes ‘green’ with its home loans
Monday, 27 Apr, 2009 – 12:18 | No Comment
SBI goes ‘green’ with its home loans

Mumbai, March 26 State Bank of India has introduced a new home loan product that will make other banks go green with envy.
By launching ‘Green Homes’, the country’s largest bank wants to support rated environment …

DLF cuts prices of Gurgaon apartments
Monday, 27 Apr, 2009 – 12:09 | No Comment
DLF cuts prices of Gurgaon apartments

The 20% discount on New Town Heights property is structured in a complicated way; has no clear exit plan
New Delhi: After slashing prices in Bangalore, Hyderabad and Chennai, DLF Ltd, India’s largest developer by market …