Halted Noida Real Estate
Noida real estate construction particularly some residential projects, received a stay from the Allahabad high court. Considering the petition of over fifty farmers from Sarfabad village, a neighboring village of Noida Allahabad high court gave the verdict. As per the stay residential projects which spread over six hectares of land in Noida Sectors 120 and 75 will be standing still. Continue reading
Uninor Will Be No more.
Unitech, one leading real estate developer with its sign up with Telenor (TEL.OL) a Norwegian telecoms group had stepped into the telecom services in 2008. On the other hand Telenor aims at setting out a new plan to carve a niche for them in the subcontinent. The Norwegian group also aims at secure a stand ahead to the scandal over the award of operating licenses. Continue reading
Private Equity Raises Fund
Despite the adverse wind Private Equity (PE) still in the real estate business. Though most of the PE firms reported to exit from the real estate field, some are still very active in the real estate business. Residential real estate oriented fund Raised by Motilal Oswal is such an example for this. Motilal Oswal, an India-focused PE firm reported that they were planning to raise an amount of Residential real estate fund of 500-Crore. Continue reading
Surging Housing Shortage of India.
Continued population boom in India leads to a situation where residential units or space remains insufficient for the people. According to Cushman and Wakefield all major cities of India are in high need of around 2.1 million new housing units to meet the increased demand. Real estate sector has to come up with new residential projects to solve out this great menace. Real estate has to play a vital role. Continue reading
India Government Labels Vadra as “Corruption Free.”
Government of India ruled out all sorts of enquiries into the allegations against and leading real estate developer firm DLF Ltd. Robert Vadra, son in law of Sonia Gandhi, Congress president and the most powerful politician of India. Continue reading
townships see light again after 6 months in W.B.
West Bengal government plans to allow the real estate builders to resume their construction works which have been barred for last six months. Earlier the West Bengal government had prevented West Bengal real estate builders from building townships in West Bengal. Continue reading
Private equity (PE) firms were the top investors in the 2006-08 boom years of Real estate. But the recent situation shows that they look ways to exit. Though they aim to exit profitable returns hold them tight in the field. Fallout of negative returns from their real estate investments makes them rethink of their exit. Continue reading
Commercial Sector Booms with Service Sector Growth
Growing service sector of India drive the demand for commercial real estate. Real estate research firms reported that Service sector of India showed a greater pace of growth rate of 8.5%. This will result in the increased demand for more commercial real estate space. In 2011 service sector occupied 70 % of office space and this is likely to be increased this year. Continue reading
Anti Corruption Campaign By CREDAI.
CREDAI– Confederation of Real Estate Developers Association of India has asked the members not to bribe officials as part of their anti-corruption policy. This warning is resulted from the hurt feeling caused by the growing allegations on real estate corruption. Continue reading
Vadra, Son in Law of Congress Prez. Ms. Sonia Gandhi, is a much popular name among the politicians than the real estate dealers. Accusation of building a real estate empire with the help and support of DLF made his name known and discussed among the real estate field. Documents of IAC showed that Vadra’s real estate empire is built on soft loans handed out in unusual circumstances. This rumor shook his real estate empire but was not able to haul it down. Continue reading
Securities and Exchange Board of India (SEBI) approved two more entities with the view of setting-up Alternative Investment Funds (AIFs). AIFs are regarded as newly created class of pooled in investment in private equity (PE), other hedge funds. This will invite real estate investment also. Continue reading
Jones Lang LaSalle (JLL) India forays into the retail real estate India market with the company’s tie up with Everstone, one of the leading Private Equity (PE) firms and real estate advisors of India. Both the companies will collaborate in the construction and launch of four shopping malls at four main cities of India namely Vadodara, Kochi, Pune and Ahmedabad. These shopping mall projects are to be finished by 2017 or within a span of five years. Continue reading
India’s Sobha Developers plans to start a new project in the most flourishing land of Dubai. This project is estimated at an amount of $3 Billion. Sobha Developers will invest in Dubai Meydan Project which worth $3 billion. Sobha Developers is one of the multinational real estate firms of India. Sobha Developers have announced that it would start work on the Meydan City Project by early 2013 and so it will become one of the 2013 new projects. Continue reading
The higher financial stress of the Government makes them think of selling or leasing of the surplus land. This will provide more land for construction in metropolitan cities like Delhi, Kolkata, Mumbai and other such notable cities of India.The decision will boost the real estate growth. Realty firms are sure to cast their hawk’s eye on this land and make the profit out of it. Continue reading
Latest knowledge about various rules and regulations in Real estate remain the most important factor for all smooth property dealings.The knowledge about local rules at state as well as district level too, are equally important. If we enter into any kind of property dealings such as lease, rent, buy or exchange of a property without proper knowledge of Real estate rules, there are all the chance of being tricked/duped. Moreover,in future there can be number of legal troubles or hassles as well. So before buying a property one has to go through a number of Real estate rules to avoid all sorts of legal hassles. The knowledge about the dos and don’ts or the Real estate rules will enable one to avoid all such legal hassles certainly. Normally the buyer is supposed to pay the tax known as stamp duty when he or she tempts to buy homes or apartments. This is not the same in the case of property exchange where both the buyer and the seller share this tax. So let’s try to know more about stamp duty.
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Online real estate is a fast growing trend in the modern world which is controlled by computer and internet. Online Real estate business at present is the most convenient option. All bigger real estate firms have their own websites and they prefer to advertise more online vis a vis offline. The present Computer age crowd has much easier access to Internet and they prefer to use it more than any other means to communicate worldwide. The growing number of internet users made the real estate business people shift to online advertising from their old traditional way of advertising. Online real estate advertising companies and agents allow attachment of videos, photos and documents. This in turn gives wider information and looks more attractive and impressive to the people who are looking for such a property at online real estate portals and websites. Thus a website enables one firm to exhibit all their properties at the site. Continue reading
Bangalore Real Estate Price hikes again. Despite being affected by the upcoming of Gurgaon, Noida and other suburbs, Bangalore kept its position among the top real estate fields. Due to many reasons there was a considerable growth in Bangalore Real Estate Price. Bangalore emerged as another hotter spot for the real estate. The price of the land and properties of Bangalore rocketed in recent years. Continue reading
Mumbai real estate price witnessed a slight fall in recent years. Knight Frank a well-known Market Research Firm reported that the property price has gone down in many Mumbai markets. Many realty firms suffered loss as sale has gone down by 70%. Higher growth of interest and the stingiest Housing Loan Schemes pulled the demand down. It is estimated that around fivefold increase in the interest rate happened during 2008 to 2012. Moreover the RBI keeps very strict with providing house loans. The housing loans are reduced with a view of curtailing the over flow of money. Continue reading
Many factors and features of Gurgaon make it the best option for the investment. Recent trends show that real estate is the top rated form of investment. The lower interest rates of bank deposits and uncertainty and greater risks of share investments turn the attraction of people to real estate investment. Real estate investment stands ahead of other forms of investment. Real estate investment is getting more popularity and more amount is being invested in real estate. Decreasing number of plots and increasing demand assure the investors that the price never goes down. Real estate as a whole witnessed a steady growth all over the world and India. Among the fast developing real estate sectors in India Gurgaon remained the fastest growing and the best option for real estate investment. Continue reading
Real estate investment has greater scope in the suburbs is clearly shown by the growth of Gurgaon and Noida. Recent trends show that the suburbs are more preferred to Metropolitans for Real estate investment. This is due to the change of attitude of the people and their living conditions. Comparing to the earlier days now even the wealthiest class people are ready to relocate and live in the suburbs. The upcoming “millions worth Luxurious apartments” are all built for this class of people. Suburbs remain the best place for real estate investment. If Real estate investment is a wise decision then Real estate investment in suburbs is wiser. Continue reading
Approval of Noida Extension appears as a boon to the builders and developers of Noida. The people booked flats and apartments seemed happier at the hearing of the approval. The farmers welcomed the approval. But was it all gone within a wink. Continue reading
Noida seems to be affordable only for the elite group and the millionaires, why so? Why the realty developers construct more luxurious homes? How the normal people are affected? An analysis is done here. Growth is good in all the ways. But the growth should never be concentrated on a particular class or section of the people. It must include all the sections. The upcoming projects in Noida show that the city has become a hub for the rich and wealthy class. Noida, the hotspot of realty firms, has emerged as a “Millionaire Diva”. Continue reading