Tag: Current Market

Check before investment

December 30, 2008 – 12:19 am

Is this the right time to invest in real estate sector? Besides ones personal situation, the external factors that influence this decision are real estate prices and interest rates. On the interest rate front, market signals are positive. Most public sector banks have cut their benchmark prime lending rates by 0.75% to 12.5% effective January […]

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HCC’s new townships on hold

October 25, 2008 – 2:56 am

Given the current turmoil in the market and subsequent impact on real estate, Hindustan Construction Company has decided to put on hold its planned townships in Pune, Nasik and Thane. Land acquisitions for these projects have been deferred for now given the high interest rates and low liquidity in the market. HCC will focus more […]

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Home prices may fall in first quarter of 2009

October 21, 2008 – 2:10 am

Potential home buyers, who have been deferring their purchase decisions, may have to wait till April-May to get a good deal. The ripples of the ongoing financial crunch, coupled with mounting pressure from various other circles, will peak between January and March. That’s when many developers will be forced to sell the unsold stock at […]

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Realtors’ Advance Tax Payment Falls Down

September 30, 2008 – 1:32 am

Major real estate players including DLF, Unitech, Parsvnath and Omaxe appear to have taken a sharp hit with the slowdown in the economy as their advance tax payments have fallen sharply. Faced with lower sales and liquidity crunch, DLF hasn’t paid any advance tax in September of this financial year, compared to Rs 37 crore […]

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Developers Rooting For NRIs Seeking To Come Back Home

July 24, 2008 – 5:41 am

Higher rate of returns in real estate investments in India, projects that comply with international standards, greater affordability, apart from emotional reasons like ‘owning a piece of homeland’ were driving the NRI segment growth in the real estate sector in the India. “Ma, is Chennai like New Jersey”, asks a little toddler in a catchy […]

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