Real Estate Bill Likely To Protect Flat Buyers

Posted on February 14, 2013 by designer

Real estate bill is likely to protect flat owners and prospective buyers from the unethical and unscrupulous builders. The real estate bill is expected to be presented in the upcoming parliament session.

Real estate bill will give new horizon to real estate industry

The prospective buyers can rejoice finally. They have got a reason to do so as real estate bill is expected to be passed in the upcoming parliament session. It is expected to restrain the unethical and unscrupulous builders from looting the flat owners and buyers.

In the opinion of the experts, harsh and corporal punishment to the builders for fraud behaviors will remove all unethical and unscrupulous practices from the industry as a whole. Real estate sector looks so fine and attractive from outside as it gives new shapes to the cities.

However once the real estate bill is passed, the real estate developers may not be as happy as they used to be. The new real estate bill has provisions to punish the unscrupulous builders for proved fraud behaviors in the industry. Though the builders have demanded for monetary punishment in place of jailing, the decision has not yet been taken. Continue reading →

Real Estate Sector Wants FM To Lower Costs Of Finance

Posted on February 11, 2013 by designer

Real estate players of India hope that Finance Minister’s upcoming budget will bring down the costs of finance for the construction sector. Finance minister is likely to announce new Budget which is expected to boost the real estate sector on February 28.

Real estate sector wants Financial Minister to lower the financial costs.

Real estate developers expect that the new budget which the Finance minister of India will announce on February 28 will contain provisions to boost the real estate sector. Builders and other realty players expect the cost of finance for the construction will be brought down by the new budget. They demanded that it will be enabling them to provide housing units at lower costs.

Real estate developers are also hopeful of faster clearance for their projects. Many at a time, the delay takes place due to the longer time taken for gaining the clearance. The delay in gaining clearances leads to delayed deliveries. Further the cost also gets accelerated in meantime, developers claimed. All these affect home buyers onto whose shoulders the additional cost is loaded. Continue reading →

Ghaziabad -Gr Noida Link Rd To Boost Realty In Ghaziabad

Posted on February 7, 2013 by designer

Realty market in Ghaziabad is likely to grow with the arrival of new 22 Km –long link road connecting Ghaziabad and Greater Noida.

Ghaziabad to see real estate growth with the launch of link road.

Ghaziabad will witness the growth of realty in the city. This is made sure with the resume of construction of the Ghaziabad – Greater Noida link road. The 22 Km –long link road will connect the city to the Zeta sector.

The proposed link road is expected to reduce the commuting hours. Further it will take away the amount of traffic on NH-24. As connectivity plays a greater role in any of the area’s real estate development, the builders are already planning to develop projects in this link–road corridor. The area falls under Ghaziabad Development Authority. Continue reading →

Top Property Investment And Home Destinations In India

Posted on February 6, 2013 by designer

Many cities are emerging as hot destinations for property investment in India. Here we have shortlisted a few property investment and home destinations which provide better returns to the investors.

Top destinations that provides better returns for your property investment .

Chembur, Ulwe and Wadala in Mumbai are three most-promising property investment and home destinations. These areas are noted for its improved infrastructure and job-generation capacity.

Noida-Greater Noida Expressway, Yamuna Expressway and Noida Extension are three top destinations in the National Capital Region. These areas offer better price appreciation to the investors. So they remain top destinations for property investment as well. Continue reading →

Vadodara’s Vacant Properties? RTI Reply Invites Mix-Up

Posted on February 4, 2013 by designer

An RTI reply stated that Vadodara has around 1 lakh of vacant properties. The RTI reply is considered as an alarm-bell for the real estate sector in Vadodara.

Sunset scene from Manjalpur Bridge in Vadodara: Confusion arises over the number of vacant properties.

According to an RTI reply, over 1 lakh of properties remain vacant in Vadodara. Meanwhile there appear no takers for the property, it added. The RTI reply which revealed that there are over 1 lakh vacant properties in Vadodara has been considered as a warning- sign for the real estate sector in the city.

RTI reply was made by the Directorate of Census Operations, Gujarat, to a native of Vadodara. A copy has been sent to the Vadodara Municipal Corporation as well. The RTI reply clearly stated that over 1 lakh properties, precisely 1.02 lakh, were vacant in the city. Continue reading →

Property Prices Will Remain Stable; No Chance For A Fall

Posted on January 31, 2013 by designer

The situation seems impossible for the property prices, especially in the metro cities, to fall downward in near future or ever. Will there be a price correction, sooner or ever?

Property prices will remain stable; despite no takers are around.

The situation in India shows that there will not be a fall of property prices, especially in the metros like Bangalore, Delhi, Mumbai or any other metros. Though everyone wishes a fall in the property prices, it is almost impossible to happen, neither in the near future nor in the longer- future.

Developers have taken loans from the banks and housing finance companies. Some of the builders have even taken loans from private equity firms which normally lend loans at 25 to 30 %. Still, builders are forced to cut down prices as many of the projects remain without any demand as buyers’ sentiment has been hurt by the sky rocketing property prices. Continue reading →

Indian Realty Market To Have Vast Foreign Investment: JLL

Posted on January 28, 2013 by designer

Jones Lang LaSalle, global real estate consultancy firm, reported that foreign investors will invest nearly $4-5 billion in the Indian realty market. JLL added that Bangalore, Delhi and Mumbai remain the favorites of foreign investors.

Indian realty Market attracts more foreigners.

According to the real estate consultants Jones Lang LaSalle foreign investors are planning to invest around $4-5 billion in the Realty market of India. While speaking in an interview, Mr. Alastair Hughes, CEO at JLL Asia Pacific, said that the foreign investors are keen now to interest in realty market of India.

He added that Indian realty market offers better returns to the investors. He was visiting India to participate in the World Economic Forum Annual Meeting. According to him the foreign investors will invest mainly in Bangalore, Delhi and Mumbai as these cities assure higher returns to the investors. Continue reading →

Koramangala In Bangalore Turns Better Home Destination

Posted on January 24, 2013 by designer

Koramangala, lying in the South eastern parts of Bangalore, is expected to offer higher returns to the investors. It has become one of the most sought after residential areas in the Bangalore Metropolitan Region (BMR).

Koramangala in Bangalore has recently become a hot home -destination.

Guaranteeing higher returns to the investors, Koramangala has become one of the hotter real estate destinations in India. The large number of upcoming ultra-luxury residential projects, commercial malls and posh villas show how fast the area develops and becomes a better home- destination.

While speaking to Shweta Rao of Economic Times, Mr. Gaurav Pandey, Vice-President of PropEquity Research & Consulting, told that “having close proximity to many established commercial hubs in the Central, East and Southern regions of Bangalore, Koramangala has evolved as a premium residential market.” Continue reading →

Real Estate Market Improves With Better Cash Flows

Posted on January 17, 2013 by designer

Real estate market shows signs of improvement as there was a steady increase in the cash flows. Builders hope to pay off their debts as they have better cash flows now.

Real estate market showed signs of recovery as there is an increased cash flow.

With better cash flows the real estate market is back on the track. The increased cash flows lights the rays of hope in builders as they were looking for ways to pay off their debts. Fitch Group’s India Ratings & Research reported that the real estate market, compared to last year, now has better cash flows.

India Ratings, the rating agency has revised the sector from ‘negative’ of last year to ‘stable’ now. The agency said that the inflow of cash is better this year than the last year due to the increased demand. Continue reading →

Indian Real Estate Will Lose CapitaLand Projects

Posted on January 8, 2013 by designer

CapitaLand plans to exit the Indian real estate market. The Singaporean firm plans to exit some of its UK and Australia projects as well.

CapitaLand plans to skip real estate India.

Singapore-based real estate firm CapitaLand plans to quit real estate in India. Besides quitting from India, CapitaLand has plans to exit from UK and Australia as well. The real estate firm also plans to reassess its investments in ASX listed Australand Property Group. Continue reading →

Real Estate Sector To Be Boosted By Government Policies

Posted on January 8, 2013 by designer

Real estate experts feel that the year 2013 will be a good year for real estate sector. They all point out that the new policies implemented will be in favor of real estate sector.

real estate will reach new heights with govt policies

Real estate sector will be able to reach new heights only if the newly announced policies are properly implemented.

With the newly implemented government policies, real estate sector is on the verge to thrive in the current year. If the 2012- end was noted for the initiation of many policies in favor of real estate sector, then the new year is expected for implementation of these policies.

Nahar Group’s Chairman and MD Sukhraj Nahar said that the real estate is undergoing through a transformation. He opined that the real estate has become more transparent in 2012 due to the fact that each participant has contributed to bring it out. Continue reading →

Odisha Real Estate Feels Crushed By Scams

Posted on January 8, 2013 by designer

Builders of Odisha fear that the real estate market may become crushed as news about real estate scams came out. Odisha Real Estate has determined to wash off the stain away and with this purpose CREDAI- Odisha Chapter has appointed a scrutiny- committee to check out the membership applications.

Odisha real estate builders have become highly cautious

Will Odisha real estate be able to acquire the trust of home- buyers?

Once the news came out as businessman Tirupati Panigrahi was arrested along with two associates of him, the real estate players in the state is cautious as the real estate scam may adversely hit housing market.

Businessman Tirupati Panigrahi and two associates of him were recently arrested for real estate scam. The real estate builders fears that the real estate scam news will hit the real estate sector adversely. The sale of housing –units will be all the more affected. Continue reading →

Real Estate Price Trends: Job -Generation Determines

Posted on January 5, 2013 by designer

Real estate flourishes only in cities which generate higher numbers of job opportunities. In these areas real estate price trends remain more dynamic. Other factors remain unable to bring any favor to the real estate price trends.

Real estate price trends shift according to the location’s capacity to generate large job-opportunities.

Real estate price trends change according to the construction costs and inflation. However the dramatic shifts of prices is more visible in cities which produce higher number of job opportunities.

South Indian cities like Bangalore and Chennai, other cities like Hyderabad and Pune appear to be ahead of other bigger cities in creating job opportunities. With this improved and leading position in creating job opportunities, these cities witness better real estate growth in comparison to Delhi and Mumbai.

Jones Lang LaSalle India’s CEO Om Ahuja reported that if the situation goes on like this these cities will overtake Mumbai and Delhi. He also pointed to the growth of Gurgaon as well. Continue reading →

Real Estate Investment Overseas: Spain Turns Hotter

Posted on January 5, 2013 by designer

Real estate investors are flocking to Spain which implemented a new residency scheme. The new residency scheme allows foreign real estate investors to buy residential properties worth millions.

Spain real estate market hopes to be the paradise for real estate investors

Spain real estate market aims to be another paradise for Indian real estate investors.

Real estate investors of India find the property market of Spain more attractive. With the implementation of new residency scheme, foreign real estate investors are permitted to buy residential properties worth about Rs.1,15,82,745 (€160,000).

Spanish government aims to attract foreign investment through their new policy. Indian real estate investors are targeted mainly. Their higher spending on real estate properties is widely known. Continue reading →

Real Estate Discounts To Attract Indore Property-Takers

Posted on January 5, 2013 by designer

Indore real estate is attracting the takers through various discounts and freebies. Real estate builders of Indore find no other way than cutting the edge of the real estate prices.

Real estate discounts to play a crucial role in real estate market of Indore.

Existing real estate downturn forces builders to attract takers through freebies and discounts. This is more visible in Indore real estate. The builders offer wide range of freebies and discounts to the property buyers as well as real estate investors.

Real estate investors are assured handsome returns on their investments. Some of the real estate developers assure 30 to 40% returns on real estate investment within couple of years. Continue reading →

Real Estate Developer- Buyer New Agreement Framed By CCI

Posted on January 2, 2013 by designer

Competition Commission of India (CCI) frames a new buyer real estate developer agreement which the fair trade regulator hopes to become a standard agreement. The revised agreement is expected to meet almost all the issues related to real estate sales.

CCI initiates new agreement for real estate sales

CCI hopes to tackle the future problems between the real estate developers and the buyers through their new agreement for real estate sales.

Competition Commission of India (CCI) prepares a model framework for commercial agreements between the property purchaser and the real estate builder. The fair trade regulator CCI hopes this framework to serve as a standard for the real estate industry.

CCI prepares the model framework in relation with violation of market dominance case against DLF. The real estate major was fined Rs.630 Cr penalty by CCI. The real estate major had appealed to the Competition Appellate Tribunal (COMPAT) against this fine. Continue reading →

Real Estate Investment? HNIs Become Cautious Ever

Posted on December 19, 2012 by designer

High net- worth individuals (HNIs) have excess money. Yet they find no proper place to invest it as the real estate market fails to give them higher returns. For them real estate investment has become unsafe.

Real estate investment? HNIs turns highly cautious about their investment on real estate properties .

High net- worth individuals (HNIs) always look for income generating assets. They are least bothered about the fluctuations in the economy. High net- worth individuals’ (HNIs) real estate investment was always well- known. As any others they also preferred real estate investment to all other forms of investment. Continue reading →

Luxury Housing Mends Sluggishness Of Real Estate Market

Posted on December 17, 2012 by designer

Real estate market showed signs of a comeback with improved sales in the luxury housings. The sluggishness has hampered the real estate market across the country.

Sale of Luxury Housing regains pace in Pune.

Pune real estate market witnessed a steady improvement in the sales of luxury housing. Real estate experts reported that there has been a steady improvement in the luxury housing sales. This is comparatively higher in Pune.

Cushman & Wakefield India reported to Times of India (TOI) that nearly 50% of total luxury housing units are launched in Bangalore. Pune’s contribution is about 8%. Continue reading →

Real Estate Market of India Loses Foreign Investors

Posted on December 15, 2012 by designer

Real estate market of India has become investor unfriendly, reported UK – centered RICS.

High land prices and property -costs make real estate market of India unfavorable for investment.

Real estate market of India is not preferred by global real estate investors. Recently RICS (Royal Institution of Chartered Surveyors) said the existing real estate market situation of India is not suitable for investment.

Recent researches showed up that the number of foreign investors is decreasing. Foreign real estate investors seem highly cautious about having investment in Indian real estate market.

CEO of RICS, Sean Tompkins, said that the Indian real estate market fails to meet global standards. He added that foreign realty investors are cautious of having investment in the Indian market now. Continue reading →

Real Estate India to Boom As Construction Regains Pace

Posted on December 12, 2012 by designer

Real estate India expects to get rid of the sluggishness. The year 2012 was really a sluggish year for the real estate builders.

real estate construction regains pace in India

Real estate India regained pace of construction. It is said to boost real estate India.

Real estate India is expected of gaining a boost from the retail FDI policy. The increased demand for retail spaces prompts the real estate players to construct more commercial projects. This in fact leads to real estate boom in the country.

Commercial real estate prices have risen sharply in India, especially in its big cities. Yet quality retail spaces available for rent are minimal. Thus the real estate experts predict a boom in construction. This will be all the more boosted by the entry of foreign multi-brand retailers. Continue reading →

Real Estate India to Have Rs.8000 Cr Worth New Projects

Posted on December 10, 2012 by designer

Real estate sector signaled the bouncing back. Real estate sector has been undergoing a sluggish momentum which the sector has overcome now.

Real estate majors like Supertech and Ansal API have announced their new real estate launches worth Rs.8,000 Cr. The realty majors plan to invest the amount for a period of 4 years.

Meanwhile some real estate builders are looking for options to cut the debts off by divesting their properties. Yet this is not the case for the coming years. Real estate experts opine that the coming years will be booming years for real estate sector. Continue reading →

Blackstone To Launch New Real Estate Fund in Asia

Posted on December 6, 2012 by designer

Blackstone Group LP is on the verge to launch its new real estate fund in Asia. Blackstone Group considers this as their plan to seize the Asian real estate market.

Blackstone plans to raise another real estate fund to be launched in Asia. World’s largest private real estate firm’s CEO Schwarzman disclosed their plans to become the largest buyers of commercial real estate in India. He also had laid his eyes on Australian real estate market as well. Continue reading →

CREDAI Asks Real Estate Builders to Ease Property Prices

Posted on December 4, 2012 by designer

CREDAI- Real estate developers’ apex confederation asked its members to ease property prices. The real estate developers’ apex body advised its members to lower property prices for selling them off.

CREDAI national head Mr. Lalit Kumar Jain said that the real estate developers consider selling of their unsold properties at a lower rate. P Chidambaram, the Finance Minister of India, placed the suggestion in front of real estate developers.

P Chidambaram suggested the Real estate developers to consider the amount of unsold properties. He pointed out that there exist a vast number of real estate properties which remain unsold. Continue reading →

Robert Vadra Given Clean Chit on Real Estate Scam by PMO

Posted on November 29, 2012 by designer

Robert Vadra is given a clean chit by the Prime Minister’s Office on Wednesday. Robert Vadra – son-in-law of UPA chief Sonia Gandhi- came out of real estate land scam clean as the PMO- affidavit declared him guiltless.

Robert Vadra was alleged to have involvement in real estate land scam along with real estate developer firm DLF. On Wednesday PMO informed the Allahabad High Court that the allegation against Mr. Vadra seemed false and unreliable. The prime minister’s office told that the allegation was mainly based on rumor. Continue reading →

N.Y.’s Plaza Hotel to Get New Owner; Sahara India

Posted on November 29, 2012 by designer

India based real estate corporate attained 75 % shares of New York’s Plaza Hotel. The India –centered real estate corporate Sahara India Pariwar bought the shares from El Ad US Holdings.

Sahara India Pariwar bought 75% – shares in New York’s Plaza Hotel at a value of $575 million from another real estate firm El Ad US Holdings.

New York’s Plaza Hotel has a rich history of having world renowned figures like Eleanor Roosevelt, Mark Twain, the Beatles and Groucho Marx as guests. New York’s Plaza Hotel is situated on 59^th Street in close proximity to Manhattan Central Park. Continue reading →