Authorities in Kuwait have launched a crackdown on illegal property extensions in the wake of a devastating fire at a seven-storey building that claimed the lives of 50 people, including 46 Indians, according to a media report on Saturday.
This year there are high expectations for lowering home loan interest rates, over the next 12 months and increased interest rate subsidy for loans up to Rs 50 lakh.
Run and do not look back when you see these real estate code words
India's biggest listed developer, DLF, and Dubai's Nakheel have announced a joint venture with plans to invest more than $10bn to build two townships on 40,000 acres.
The move to delink the FDI provisions from investments by foreign institutional investors in real estate under the portfolio investment scheme was expected to lead to greater stock market play in real estate scrips. Government sources said the clarification was not mentioned in the minutes of the Cabinet meeting sent to the Department of Industrial Policy and Promotion recently. As a consequence, a press note could not be issued.
Institutional investments in real estate may fall 20 per cent to $4 billion during this calendar year because of a higher inflow of funds in 2020, according to property consultant JLL India. During the January-September period, the institutional investment rose to $2,977 million from $1,534 million in the year-ago period. "Unless some large portfolio deals are not inked at the end of the year, annual investments are expected to be in the $3.8-4 billion range in 2021," JLL said in a statement. Institutional investments managed to cross the $5 billion mark in 2020 due to large portfolio deals worth $3.2 billion during the last quarter of the year.
If the government tries to bring in real estate under GST now, it will be a typical case of biting more than what one can chew, says Sukumar Mukhopadhyay.
The real estate sector has underperformed the Sensex in the past 2 years.
India is ranked as the fifth most attractive destination for future real estate investments, according to a latest report of FCCI and Ernst and Young.
Mukesh Ambani has big plans for his real estate biz and is currently in the process of recruiting large number of professionals for it.
A sustained two-digit average rate of return on capital accrued by developers is indicative of India's "build" momentum
These are some of the most expensive real estate markets in the world.
Ten cities investors will target in 2009.
At a time when capital allocations to real estate are growing globally, investors are expecting transparency standards in real estate to be at par with other asset classes, says Anuj Puri.
Indian realty developers are contemplating price increases for ongoing and upcoming projects to offset margin pressures caused by rising input costs and supply chain disruptions, exacerbated by the West Asia conflict. Input and labour costs have surged by 5-12%, directly impacting developer margins, especially for under-construction projects.
India, the world's fourth largest economy with 1.2 billion people, has steadily emerged as one of the most preferred destinations for global business.
Money invested in real estate, for income and capital growth, provides stable and predictable returns similar to bonds offering a regular return on investment, if the property is rented, as well as capital appreciation.
In a chat with readers on June 24, Tushar Bungley of 100floors.com said that real estate prices are unlikely to fall further.
Banks may be claiming that they are pruning their real estate exposure but data from the Reserve Bank of India (RBI) paints a completely different picture.
Making a presentation on Indian Real Estate Sector: Slumdog or Millionaire at an event hosted by the Observer Research Foundation, Sameer Nayar, managing director and head of real estate (Asia Pacific), Credit Suisse, said that land use laws in India are the most antiquated.
Between 2004-05 and 2007-08, FDI in services leapfrogged to $6.61 billion from $444 million, an official statement said. The real estate sector which was thrown open in 2004-05 saw the FDI picking up slowly in the initial two years, but grew substantially in 2007-08 to $2.17 billion.
Information technology giant, IBM has enlarged its business scope in China's booming IT market by officially entering the local real estate segment for the first time in the company's history, a report said on Monday.
Over $4 billion belonging to various global realty funds is ready to enter the Indian real estate sector on the back of $1 billion which has already come in, according to Bobby Parikh, managing partner, BMR & Associates.
Paving the way for domestic asset management companies (AMCs) to invest directly in real estate, the Securities & Exchange Board of India (Sebi) today unveiled the much-awaited guidelines for real estate mutual funds (REMFs), which mandated that at least 35 per cent of the corpus of a scheme be invested directly in real estate assets.
The prospects of returns on investment in residential properties and office rentals is brighter than that in stock markets due to low risk factor, a real estate expert said.
Himachal Pradesh Chief Secretary Sanjay Gupta has dismissed allegations of irregularities in the Chester Hill housing project, asserting his innocence and claiming a conspiracy against him. The controversy involves alleged violations of land laws and accusations of benami land deals.
The Federal Communications Commission (FCC) is considering proposals to encourage businesses to bring call centre jobs back to the US and require call-takers to be proficient in American Standard English.
Like mutual funds, real estate funds (or Real Estate Investment Trusts - REITs as they are commonly referred to in the US) are founded by a group of real estate professionals
Proposal forms are often filled by the agent. Check the form after it is filled.
The government on Monday said it aims to slow down flow of foreign debt into the real estate sector through its recent curbs on external commercial borrowings (ECBs).
'LIC will reduce but not fully exit its stake in IDBI Bank, which remains an important bancassurance partner,' says LIC of India' MD and CEO R Doraiswamy.
If you don't want to lose business to China or Vietnam, rents have to stay in check.
Dr Cor van Zadelhoff is no stranger to India and comes here for both work and pleasure. A pioneer in the European real estate business, he has friends among the Indian royal families through the polo circuit.
Goldman Sachs, Morgan Stanley and JPMorgan, the three bulge-bracket banking groups of the US, are likely to get active in Indian real estate after a long gap, according to executives with property funds and consultancies.
Around 15 venture funds from the US and Southeast Asia will be making investments in the Indian real estate sector through the FII route