Real Estate News - Page 2

Bad times: Real estate returns are now lower than FD returns

So as far as returns are concerned the real estate bubble clearly seems to have burst. And this is not surprising given the other data that Liases Foras has put out.

Real estate mess: DDA violated fair trade norms, Competition Commission orders probe

The regulator said that it had taken a prima facie view in an earlier case that DDA was in a dominant position in the relevant market

With no sales in Mumbai, builders are using these schemes to lure fence-sitters

In response to the unrelenting sluggishness in the market, Mumbai’s developers have been offering various schemes to entice fence-sitters; at a recently-held property exhibition in Mumbai, such schemes were very much in evidence.

Tall task? Maharashtra needs a whopping $200 bn to set up affordable houses

The KPMG report published on Tuesday found that, in urban areas alone, Maharashtra would need 5 million new homes by 2022

Higher FSI will kill the already strained infra in Mumbai and won't make property cheaper

The civic body’s move of increasing the floor space index for the entire city up to a maximum of 8 that will change Mumbai's skyline has been criticized by urban planners and housing experts as it could have a disastrous impact on the city’s infrastructure.

Buying that exotic home overseas just got easier thanks to Raghuram Rajan

Buying that dream home in an exotic location abroad just got easier as the Reserve Bank of India (RBI) on Tuesday doubled the annual overseas investment ceiling for individuals to $2,50,000 from $1,25,000 as India's foreign exchange reserves have scaled an all-time high.

Economic Survey: 'Use or lose' policy for freeing up locked land

The government could institute a 'use it or lose it' policy to free up locked land, which can be used for industrial estates, common facilities, incubators, etc.

Proptiger to Commonfloor: Foreign investors add Indian online property portals to shopping cart

Foreign investors like Murdoch have already put more than $200 million into portals that help people like Bhartia buy homes. Spurring the interest is Prime Minister Narendra Modi's vow to provide a house to every Indian family by 2022 as the country's growing army of Internet users embrace e-commerce.

CommonFloor acqui-hires Bakfy, won't invest in college gossip app

Bakfy chose to be acquired by CommonFloor because of the opportunity in the real estate space

Now, a buy-1-get-1-free offer in realty: Supertech offers 'free' flat to woo buyers, but at a price

Noida-based Supertech will also give free Flipkart gift vouchers worth Rs 1 lakh to its prospective customers.

RBI curb on 80:20 schemes will break builder-investor nexus

In what could be seen as a move to prevent India's very own sub-prime crisis, the Reserve Bank of India has asked banks to desist from upfront disbursal of sanctioned housing loans to builders and instead link housing loans to stages of construction of a project to protect the home buyer and the lender from additional risks.<br /><br />

Home sales at five-year low but average cost of Mumbai house shoots up to Rs 3 cr

In Greater Mumbai weighted average cost of a house has soared to an all-time high of Rs 3 crore ( from Rs 2.8 crore last year) even as the unsold inventory pile-up has shot up to 53,856 units.

Explained: Why it would cost an average Mumbaikar 34 years' income to buy a home

The Confederation of Real Estate Developers' Associations of India, a real estate lobby,said in a statement yesterday that it was "disappointed with the status quo on the RBI policy rates and demands a reduction in interest rates to facilitate lowering of entry barrier and spur demand for the real estate sector."<br />

Modi govt makes the right moves to revive real estate sector: Crisil

Crisil Real Estate Ratings provide city specific all-round assessment of real estate projects and help buyers benchmark and identify quality projects within their cities.

NRI investments in realty sector may rise 35% this year, says survey

Property developers are expecting a 35 per cent surge in real estate enquiries from NRIs, with Bangalore turning out to be the hot favourite, says an Assocham survey.

Get this: Tata Value Homes sells 85 houses worth Rs 40 cr on Snapdeal in 6 days

On August 28, Tata Value Homes launched an exclusive offer on Snapdeal, offering Rs 10,000 per month for a year as an assured rent (whether owners stay on premise or lease it out).<br />

Private equity investments in Indian realty to nearly double this year to Rs 7900 cr

Post-general elections with a stable federal government at work, global private equity (PE) players find real estate in India worth investing for good returns, an international realty services firm said Sunday.<br />

When brokers turn investors, Mumbai house prices are bound to rise

Mumbai Metropolitan Region (MMR) has the maximum number of unsold flats at over 2 lakh houses when compared with the top six real estate markets in India, and it will take at least three years to get rid of these existing units, showing that the demand from property buyers has not picked up in India's financial market.<br />

L&T Infra Finance to purchase 20.23 hectares in Lavasa City

L&T Infra Finance has signed an agreement with Lavasa Corporation to purchase 20.23 hectares of land at Mugaon town in Lavasa City.

Charging customers after 5 withdrawals from their bank ATMs is the worst possible decision

The issue is: would the RBI dare to similarly discourage withdrawals from the cash counters of a bank given the fact that such manual dispensation of cash is more expensive for a bank?

Modi's I-day speech: What the PM needs to do for his 'Make in India' plan to be a success

A Modi-driven central government can tackle only some of the obstacles holding back the manufacturing sector.