Property prices are weak but given the structure of the industry, there is no real hope that prices will come down to affordable levels
Real estate is in trouble. But there is no need to shed any tears for its predicament. If the Lokpal materialises, the realty sector is where we must let him loose.
Navi Mumbai is no more a poor alternative to Mumbai; it's an independent presence in itself. And even though it has become a destination of choice, speculative prices are pushing it out the average buyer's reach. <br /><br />
There are essentially two themes playing out in the Indian real estate sector. One is the re-development of old properties and the other, development of new infrastructure like metro rail and airports across the country.
Here's something that will cheer the heart of every Mumbaiite looking to buy property: Merrill Lynch predicts that house prices could be heading for a sharp fall early next year.
Nearly 75 per cent of the civil construction has been completed. The project is expected to be completed in 2016.
In a statement on Tuesday, News Corp announced that it was acquiring the stake in PropTiger for $30 million which roughly works out to about Rs 185.6 crore.
Tata Value Homes has listed its four projects in three cities, including Bengaluru, Chennai and Pune, on the portal and the average price of the flats is around Rs 30 lakh. This partnership also marks the portal's entry into direct selling of first homes to customers, Housing.com<br />
Despite high property prices, India's commercial capital Mumbai has once again emerged as the most popular and attractive property investment hotspot among the UAE-based Indian expats.<br />
In one of the biggest commercial deals in South India, Indiabulls Distribution Services Ltd, a subsidiary of Indiabulls Securities Ltd, has bought a commercial complex measuring 10 acres in Chennai for Rs 600 crore ($97 million).<br />
Housing.com had raised Rs 115 crore in funding from Helion Venture Partners, Quancomm Ventures and Nexus Venture Partners in June this year.<br />
Blackstone Group LP has reached an agreement to sell a skyscraper in Manhattan for $2.25 billion, sources close to the financial operation said.
The redevelopment of Mumbai's mostly derelict docklands will, if a government appointed panel has its way, create a waterfront where people living in the world's second most densely-populated city can go to lift their spirits, and the rich can go to play.
While Assistant Consolidation Officer Dalbir Singh's suspension isn't linked directly to the Vadra deal, it was for a similar reason.
Rakesh Jhunjhunwala's guru and now India's ace retailer, Radhakishan Damani must have made a killing from the stock market rally this year for the owner of retail chain D-Mart, just bought 37,000 square feet spread over five floors in an office building in Mumbai's plush Nariman Point for a whopping Rs 134.25 crore.<br />
After recently liberalising foreign direct investment norms for construction development sector, the government is expected to soon come out with some clarifications on the rules of the policy.<br />
Singapore reiterated its keenness to take up the project of developing the new capital of Andhra Pradesh.
The lukewarm interest shown by foreign construction firms has nothing to do with financial and technical minutiae, but has everything to do with the image of India's realty sector.
ICRA said besides held-up projects, there are sizable projects which are slow moving or facing some implementation issues including prolonged delays in getting clearances.
This is the market driven not by demand and supply, but snob value, emotion and oneupmanship. Buying old houses in exclusive locations and tearing them down for gleaming new residences is one thing the rich love to do, as movie stars, business promoters and the super-rich converge on favoured zip codes.<br />
What Prime Minister Narendra Modi is trying to do now is to revive the next cycle of FDI flow into the real estate sector. Will he succeed?
To bring down real estate prices, Modi should unearth the black money, not abroad, but here, right under his nose
By opening the floodgates to investors once again, the government is doing the exact opposite of deflating the housing bubble.
The easing of FDI rules in construction, especially housing, will first benefit realtors and their benami investors first before any of the benefits percolate down to hapless home buyers
As per the survey, sentiment in Ahmedabad soared by 30 per cent and can be attributed to the progressive policies and intelligent governance that led to mushrooming of various industries
Shares of Unitech rose 0.8 percent, DLF 0.9 percent and Sobha Developers 2.7 percent
The proposal to amend the FDI policy in construction development sector was approved by the Union Cabinet
Welcoming the decision, realtors' apex body CREDAI President C Shekar Reddy said it would help developers get an extra route of funding their projects
The move is expected to bring in more funds into the sector which is struggling for money to complete the ongoing projects and also to start new projects
Despite recovery in market conditions and sentiment, this festive season has failed to bring in cheers to the real estate industry as home buyers continue to remain cautious, according to industry experts.<br />