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 January 2010

Realty India 2010 Kuwait to Showcase Widest Range of Properties from Major Indian Developers
Monday, 18 Jan, 2010 – 12:16 | No Comment
Realty India 2010 Kuwait to Showcase Widest Range of Properties from Major Indian Developers

Presented by Indian media behemoth Times of India and organized by Mindspace Events and Exhibitions, in association with Response Events and Exhibitions, Kuwait, the high-profile Realty India 2010 exhibition which will be held on 15th …

SBI Chairman Defends 8% Home Loan scheme
Monday, 18 Jan, 2010 – 12:13 | No Comment
SBI Chairman Defends 8% Home Loan scheme

The latest ‘teaser’ from the Reserve Bank of India hasn’t amused Om Prakash Bhatt, chairman of State Bank of India, the bank that pioneered limited-period soft terms for home loans. “I don’t know what the …

Major Banks Reject RBIs Proposal of Uniform Home Loan Rates
Monday, 18 Jan, 2010 – 12:11 | No Comment
Major Banks Reject RBIs Proposal of Uniform Home Loan Rates

Driven by angry mortgage borrowers, RBI has once again nudged top banks to charge lower home loan rates to old customers instead of just using the lower interest rates to pull new borrowers. But lenders …

Real Estate Firms Concerned Over Lack of NRI Investment
Monday, 18 Jan, 2010 – 12:08 | No Comment
Real Estate Firms Concerned Over Lack of NRI Investment

Apart from biting cold weather of the capital, lack of enthusiasm among overseas Indians to buy properties in India has further dampened spirits of some of the realty firms, as well as around half a …

Property Expo Navi Mumbai Sells 5,000 Flats in Three Days
Thursday, 14 Jan, 2010 – 17:56 | No Comment
Property Expo Navi Mumbai Sells 5,000 Flats in Three Days

A property exhibition at Navi Mumbai not only drew in huge crowds but also did big business—about 5,000 flats were sold in three days. Initially, most Navi Mumbai builders were reluctant to participate in the …

Real Estate can contribute 3-4 Percent towards India’s GDP- CREDAI
Thursday, 14 Jan, 2010 – 17:55 | No Comment
Real Estate can contribute 3-4 Percent towards India’s GDP- CREDAI

Given the affable atmosphere and right policies, the Confederation of Real Estate Developers’ Association of India (Credai) believes the real estate sector in the country could contribute around 3-4 per cent towards India’s GDP. Credai …

DDA Turns Down DLF’s Request to Refund Rs 900 Cr
Thursday, 14 Jan, 2010 – 17:53 | No Comment
DDA Turns Down DLF’s Request to Refund Rs 900 Cr

The Delhi Development Authority has turned down a request by DLF to refund Rs 900 crore the real estate major paid when it was awarded the bid for the Dwarka Convention Centre, near IGI Airport, …

Malaysia Trying Hard to Lure Indian Property Investors
Thursday, 14 Jan, 2010 – 17:47 | No Comment
Malaysia Trying Hard to Lure Indian Property Investors

In order to attract more foreign direct investments (FDI) into its real estate sector, Malaysia is making all efforts to garner major investments from countries like Singapore, UK, Korea and India. The Malaysian government’s Foreign …

DLF to Split into 3 Organizational Units to Sharpen Functioning
Monday, 11 Jan, 2010 – 17:42 | No Comment
DLF to Split into 3 Organizational Units to Sharpen Functioning

After deciding to split its parent firm into functional verticals, DLF Ltd has now identified an overall new organisational structure to house them and further sharpen their functioning. The country’s largest real estate firm will …

Kolkata Sees Fastest Property Price Rise among Metros
Monday, 11 Jan, 2010 – 17:37 | No Comment
Kolkata Sees Fastest Property Price Rise among Metros

Property values in Kolkata have risen at the fastest pace among Indian metros since 2007, according to the National Housing Bank’s (NHB) Residex—an index of property prices. Property values in Kolkata rose by an average …