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 July 2009

Govt may Ease FDI to Help Real Estate Growth
Friday, 17 Jul, 2009 – 12:19 | No Comment
Govt may Ease FDI to Help Real Estate Growth

The government department responsible for the promotion of industry is proposing easier rules to allow overseas investors to be part of smaller real estate projects and lower capitalisation norms for those which involve facilities related …

Hi-Tech Infra to invest Rs 600cr in Coimbatore SEZ
Friday, 17 Jul, 2009 – 12:16 | No Comment
Hi-Tech Infra to invest Rs 600cr in Coimbatore SEZ

Hi-Tech Infrastructure Private Limited, promoted by Coimbatore-based KG Information Systems Limited (KGISL), plans to invest around Rs 600 core over the next two years in building a township at a special economic zone (SEZ), the …

India’s Retail Business Estimated to Touch $590 Billion in 2 Years
Tuesday, 14 Jul, 2009 – 14:47 | No Comment
India’s Retail Business Estimated to Touch $590 Billion in 2 Years

India’s retail business, the second largest employer after agriculture, is estimated to touch $590 billion in two years, Parliament was informed today. “The retail trade is estimated to grow at 13 per cent per annum …

Greedy Developers Hoping to Stimulate Demand by Increasing Property Prices
Tuesday, 14 Jul, 2009 – 14:44 | No Comment
Greedy Developers Hoping to Stimulate Demand by Increasing Property Prices

Banks in India are urging property developers to stop increasing real estate prices as it could stall a recovery in the market.
There is considerable disquiet that the developers have been taking advantage of a pick …

Real Estate Shows Signs of Stability after a Long Freefall
Tuesday, 14 Jul, 2009 – 14:33 | No Comment
Real Estate Shows Signs of Stability after a Long Freefall

Commercial real estate transactions, considered a key indicator of economic activity, is showing first signs of stability after a free fall during the early part of this year. According to real estate consultants, the worst …

GOVT to Consider Model Legislation on Regulating Real Estate in Delhi
Tuesday, 14 Jul, 2009 – 14:32 | No Comment
GOVT to Consider Model Legislation on Regulating Real Estate in Delhi

The Government has announced that it is considering model legislation on regulating real estate in Delhi. In reply to a written question in the Rajya Sabha, minister of state for urban development Saugata Roy said …

Cinepolis India Collaborates with AIPL for North India Operation
Tuesday, 14 Jul, 2009 – 14:26 | No Comment
Cinepolis India Collaborates with AIPL for North India Operation

Cinepolis India, part of Mexico-based entertainment giant Cinépolis, has entered in to a strategic partnership with real estate development company Advance India Projects Ltd (AIPL) for its north India operation. As part of the plan, …

IREO to pump in US $ billion committed capital in its Real Estate Projects
Monday, 13 Jul, 2009 – 20:02 | No Comment
IREO to pump in US $ billion committed capital in its Real Estate Projects

IREO, the first and the largest global investment fund dedicated to the Indian real estate sector, today announced its foray into real estate development with a portfolio of 13 projects located in prime locations around …

DLF sells stake in JV to US based Realty Fund
Monday, 13 Jul, 2009 – 19:54 | No Comment
DLF sells stake in JV to US based Realty Fund

India’s largest listed property developer, DLF Ltd (DLF.BO), has sold its stake in an equal joint venture with Ackruti City (ACKR.BO) to a U.S.-based real estate fund for more than 2 billion rupees ($41 million), …

Real Estate Developers have stopped Discounts on Properties
Monday, 13 Jul, 2009 – 15:12 | No Comment
Real Estate Developers have stopped Discounts on Properties

Developers in India have stopped offering discounts on properties and in some cases are even increasing prices as demand rises.
Rising sales are also prompting some developers to return to the luxury end of the real …