General Motors vice-president P Balendran is less diplomatic and talks about a 'severe blow'.
Greed is coming back. So, developers can increase prices. I am sure that prices will not go down from here onwards.
Last year, the group held discussions with potential investors and started putting in place a management team to run the fund. Knight Frank India executive director Keku Cola was expected to head the new fund, but he has quit and joined the Shapoorji Pallonji group. According to a report by global research firm Preqin, private equity real estate funds are still struggling to raise capital in the current economic environment.
Global property consultancy firm, Knight Frank India, has said that prices in the residential property segment are likely to decline in a short time.
On the residential segment, there is a new thing opening up, and that is organised rental housing.
While Mumbai is home to India's costliest real estate, Thane is the fastest growing housing market in the country
Housing market in Mumbai Metropolitan Region recording worst half-yearly performance since global financial crisis in 2008 has worsened the situation for them
Today, people are happily raising 80-85 per cent through home loans, and if they still don't have enough, the rest is raised through a personal loan.
Branded residencies, designer-stamped homes have a snob value and are sold at a high premium, to willing buyers
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