Residential property prices are expected to fall by about 10% this year. Residential property rates declined by 18% to 20% in this March. Despite this drop, buyers are watching market scenario with ‘wait and watch’ policy. This trend is likely to continue through 2009. Mr. Sudhir Nair, Head, CRISIL Research says, “Demand [...]
Real estate industry has started showing the signs of recovery. Effect of recovery will be shown in coming quarter. These are not baseless talks. Launching of new projects at low interest rates is the main reason behind the increase of sales inquiries. Specially, the term ‘affordable housing’ is attracting middle class families [...]
By rajani
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Posted in Property News
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Also tagged Affordable Housing, Apartment, Bandwagon, Banks, Bookings, Cement, Ceo, Conglomerate, Dreams, Foreign Investments, Gap, Happy Customer, Jaypee Group, Low Interest Rates, Middle Class Families, New Projects, Property Consultancy Firm, Sales Inquiries
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January 14, 2009 – 2:15 am
The unprecedented rush for flats constructed by the Maharashtra Housing and Area Development Authority (MHADA) has proved that even in times of recession there is a huge demand for affordable housing in Mumbai.
Mhada’s affordable housing scheme for the economically weaker, lower, middle and higher sections of society has seen upto 1.89 lakh application forms picked [...]
By rajani
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Posted in Property News
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Also tagged Adequate Land, Affordable Housing Scheme, Application Forms, Bureaucrat, Crore, Estate Consultant, Housing Recession, Land Acquisition, Mhada Housing, Mumbai, Private Developers, public housing, Regulation Act, Rupees, Rush, Urban Land
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December 27, 2008 – 2:18 am
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 rejuvenate [...]
By rajani
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Posted in Property News
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Also tagged Borrowers, Business India, Central Government, Ceo, Economy, Gloom, Government Move, Hfcs, Home Loan Rates, Home Loans, Jones Lang Lasalle, Momentum, New Year, Private Banks, Property Developers, Public Sector Banks, Sanjay Dutt, Segment, Thrust
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November 21, 2008 – 12:01 am
Real estate companies seem little inclined to listen to the government’s call to reduce prices. Even as realty firms such as DLF, Parsvnath and Emaar MGF demand rollback of taxes, they are reluctant to commit any price cut.
An association of developers, Confederation of Real Estate Developers Association of India (Credai), has asked member developers to [...]
By rajani
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Posted in Property News
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Also tagged Confederation, Credai, Delhi Chapter, Economic Sentiment, Emaar Mgf, Parsvnath Developers, Pradeep Jain, Real Estate Developers, Real Estate Developers Association, Real Estate Sector, Realty Cos, Realty Firms, Residential Market
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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 a [...]
By rajani
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Posted in Property News
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Also tagged Current Market, Economic Prospects, Festive Season, Financial Crisis, Financial Crunch, Global Financial Turmoil, High Interest Rates, Jones Lang Lasalle, Jones Lang Lasalle Meghraj, Market Scenario, Parel, Puri, Real Estate Developers, Ripples
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In what would be the first major fund infusion into the Emaar MGF Group after a failed IPO, one of its promoters, Dubai-based Emaar is learnt to be investing $150 million to pick 20-25% stake each in three real estate projects of Emaar MGF.
This would be separate from its equity contribution in the JV firm [...]
By rajani
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Posted in Property News
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Also tagged Commercial Projects, Commercial Retail, Emaar Mgf, Gurgaon, Hospitality Sector, IPO, JV Partner, Lehman Brothers, Market, Private Equity, property, Realty Firms, SPV
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