Tag: Economy

Economy and Realty: Glance for the Month of April 2012

Healthy office space absorption in 2011-2012 inspite of slowdown in GDP, However 2012-13 seems bleak. Currently, the top seven cities of India that is Mumbai, National Capital Region, Bangalore, Pune, Chennai, Hyderabad and Kolkata together occupy 389 mn sq.ft of Grade-A office space. During 2010-11, a total of 38 mn sq.ft of new space was […]

Economy and Realty in the Month of March 2012.

The report highlights the revised service tax and its impact on the consumers, the deduction in TDS and the current scenario of the External Commercial Borrowing (ECB) apart from its emphasis on the Chennai Realty Market. Following are the key takeaways of the report: – Chennai leads the market in terms of number of units […]

RBI Tighten Ropes On Real Estate

sIn a recent development the Reserve Bank of India along with the Department of Industrial Policy and Promotion are working to streamline and regulate the access and use of Real Estate Firms regarding the External Commercial Borrowings (ECBs). This will be done through a monitoring mechanism which will ensure stricter norms from now on. RBI […]

Home buyers can expect a better deal in the New Year

The year 2009 will lift the gloom in the real estate market as the property market turns buyer friendly with the cuts in property rates and home loan rates. Developers for their part would benefit as they will focus on creating volumes at affordable price points. The government move to boost home loans will definitely […]

Benson Elliot buys 70% of Spanish developer

LONDON: Private equity real estate firm Benson Elliot Capital Management has bought a 70% stake in Spanish developer Promobuilding SL in a bid to cash in on distressed house building projects in Spain’s faltering economy. The acquisition, which has been accomplished via a recapitalization and subscription for new shares, is predicted to provide privately owned […]

ICICI Venture May Raise Three Billion Dollar

ICICI Venture, the private equity wing of ICICI Bank, plans to raise three billion dollar from its 2 funds including equity and a real estate fund. A senior ICICI Venture executive told that they will raise $1.5 billion from both these funds. The ICICI Venture executive said the company expects to generate most of the […]

Hyderabad, an investors’ choice in Indian Real Estate

Hyderabad is among the foremost choices for community who wish to invest in Indian Real Estate. Hyderabad is a place with a soaring economic growth, outstanding architecture, great infrastructure, and a flourishing Real Estate and construction industry.A lot of the property is at a standstill in the form of plans on paper but already the […]