REALTY SECTOR

  • UP ranks highest in new investments in real estate sector: ASSOCHAM September 30, 2013

    UP has been ranked top with maximum share of about 40 per cent in the new investments attracted by real estate sector among top 20 states across the country during the first quarter of current fiscal, industry body ASSOCHAM said on Monday. Interestingly, the total new investments in real estate sector...
  • Realtors unhappy as RBI keeps rates unchanged March 15, 2012

    New Delhi: Real estate developers on Thursday expressed disappointment over the RBI's decision to keep key policy rates unchanged and sought a cut in interest rate to boost housing demand. "We are very disappointed at this gesture by the RBI. The economic condition is getting worse day by day. The Government...
  • Budget: Realty sector wants FDI, ECB norms relaxed March 5, 2012

    Developers in the realty sector, which is facing severe credit crunch due to higher interest rates, expect the government to relax norms for repatriation of FDI and external commercial borrowings (ECBs) in the forthcoming Budget for 201213. The industry expects the Budget, to be announced on March 16, to relax...
  • Khan Market India's costliest retail hub: C&W September 20, 2011

    New Delhi: Khan Market has emerged as the most expensive retail destination in India during 2011, realty consultant Cushman & Wakefield (C&W) said on Tuesday. According to a survey by the consultant, shop owners pay Rs 1,200 per sq per month as rental in Khan Market. "With many major international and...
  • Realty sector wants industry status in Budget February 17, 2011

    New Delhi: Real estate developers feel the sector has been under represented in the Union Budget over the years. The grievance of the sector is that the sector which provides the maximum to the GDP and is the second largest employment provider, is not given due importance in successive Union...
  • Dubai world crisis likely to hit Indian workers November 28, 2009

    10 lakh Indian work in Dubai, largely in the construction industry. As Dubai bleeds, a number of them could be on their way home. Dubai's debt crisis is unlikely to have large financial implications for India. ...
  • Dubai debt may derail property recovery in India November 28, 2009

    New Delhi: The Dubai jitters had little impact on the BSE Realty Index that closed 0.55 per cent down on Friday. Companies are confident it won't have major ramifications in India. DLF, Unitech, HDIL AND Sobha say that they have no direct exposure in Dubai. However OMAXE will be putting...
  • Economic slowdown still hurting realty sector June 22, 2009

    New Delhi: A home is the ultimate security that every person wants. Just a year earlier ago prices of house were at an alltime high but soon economic slowdown forced the price to come down. So has real estate finally become affordable and are people buying houses? An own house is what...
  • See realty turnaround by 2010 end: Cushman & Wakefield March 17, 2009

    The real estate sector continues to remain under duress. While there may be sporadic signs of a turnaround with onground residential sales being reported, is the beleaguered sector out of the woods yet? Responding to the query, Executive Director of Cushman & Wakefield, Kaustuv Roy, a real estate consultancy, said that...
  • Economic Slowdown: Reality of the realty sector March 15, 2009

    New Delhi: This is the show where we keep you abreast of all the latest news on money and where we tell you how to keep your money in the current downturn. ...
  • Credit crunch: Banks not lending, realty suffers December 29, 2008

    Mumbai: The RBI lowered the risk weight age for banks to lend to the realty sector from 150 per cent to 100 per cent on November 15. One and a half months on, developers say, the move has still not translated to actual lending. The paramount issue is for financial institutions...
  • Cheer up: Property developers ready to slash prices November 22, 2008

    New Delhi: Houses from some of India's leading property developers will get cheaper as they are ready to respond to Union Finance Minister P Chidambaram's call to cut prices. However, some developers say there is not enough cushion to drop prices further. Leading developers like Ansals and Omaxe could slash property prices...
  • 'Cut prices or people will hoard fearing worst' November 20, 2008

    Union Finance Minister P Chidambaram had on Tuesday asked Indian companies to cut prices to boost demand and tide over the economic slowdown. "The classic response to a demand slowdown is to cut prices," Chidambaram had said at the India Economic Summit in New Delhi. However, many companies have ruled out...
  • Real estate feels the heat, runs to banks for cover October 30, 2008

    Real estate developers have begun knocking at the doors of leading banks in a bid to raise finance. That's of course to help them tide over the current credit squeeze that they are in. But the banks do not seem about to oblige. ...
  • Indian realty sector feels the pinch of financial crisis October 18, 2008

    New Delhi: The financial crisis in the US started from the real estate sector and now in India, too, the sector is beginning to see a crunch. Prices have fallen, home loan rates have risen and housing projects are gasping for funds and fears are growing that India could see its...
  • Short selling of houses on the rise in US September 23, 2008

    Minnesota: Imagine purchasing your dream home and then having to sell it two year later at less than what it's worth. It's a practice that is becoming common in today's housing market in the USA. When Russ and Patty Hageman built a house in Princeton two years ago, their house was...
  • RBI's repo rate hike may increase home loan rates July 31, 2008

    Mumbai: The Reserve Bank of Indias (RBI) move to increase repo rate by 50 bps is likely to increase home loan rates across banks. With home loans all set to go up, developers fear the demand will shrink this festive season. In certain pockets of Delhi and Mumbai, sales in the...