2008 - January - India Investment Property

Monthly Archives: January 2008

Laws for Possession of Immovable Property in India by a Person Resident Outside India

January 28, 2008 – 5:44 am

Under the law, the following categories can freely purchase immovable property in India:
i) Non-Resident Indian (NRI) - that is a citizen of India resident outside India.
ii) Person of Indian Origin (PIO) - that is an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal [...]

By Rajani | Posted in Real Estate Information | Tagged Afghanistan, Agricultural Land, Bangladesh, Bhutan, Citizen, Citizenship Act, Constitution Of India, Consultation, Government Of India, Immovable property, India Nri, Indian Origin, Indian Passport, Laws, Nepal, NRI, PIO, Property In India, Proposals, Residential Accommodation, State Government | Comments (0)

Buy A House And Get A Car Free

January 28, 2008 – 5:43 am

Real Estate businessmen of Bangalore have always been in search for techniques to grab the attention of customers for their properties. Recent publicity stunt is ‘buy a house and get a car a free gift’. For example, if a customer buys a flat of worth 200 lacs, he gets a car [...]

By Rajani | Posted in Real Estate News | Tagged Advisory Company, Apartment, Bangalore, Budget, Businessmen, Cars, Development Sector, Excess Stock, Finance, Free Car, Free Gift, Hyundai, Hyundai Santro, Models, promotional offer, Publicity Stunt, Real Estate, Regional Manager, Sobha Developers, Value Addition | Comments (0)

Economists’ Recommend Not To Cut Direct Tax Rates In Budget

January 28, 2008 – 5:41 am

Jan 09, New Delhi: Finance Minister P Chidambaram received two contradictory suggestions from economists and industrialists. “Given the circumstances that there a number of fiscal stress points in the offing, like oil bonds, MSS, pay commission, it is not prudent to start thinking of reducing tax rates,” Standard & Poor’s Chief Economist (Asia-Pacific) Mr. [...]

By Rajani | Posted in Real Estate News | Tagged Advalorem, Budget, Chief Economist, Currency Speculation, Currency Value, Custom Duty, Duty Rates, Excise Duties, Finance Minister, Fiscal Stress, India Inc, International Economic Relations, Oil Bonds, Oil Sector, P Chidambaram, Personal Income Tax, Rajiv Kumar, Revenue Implications, Stress Points, Tax Collections, Tax rates, Tobin Tax | Comments (0)

Sant Singh Chatwal Enters Indian Hospitality Industry

January 28, 2008 – 5:18 am

The most successful Indian hoteliers in US, Sant Singh Chatwal, has plans for hotels in India. He plans to invest 5 thousand crore to build 27 hotels. According to Mr. Chatwal, south India will be the best investment option for hotel establishment. Hence he plans to invest a major portion of total investment, [...]

By Rajani | Posted in Real Estate News | Tagged Four Star Hotel, Hampshire Group, High Profile, Hotel, Hotel Hampshire, Hoteliers, Hotels In India, Hotels India, Hyderabad, Indian hospitality industry, Indian Hotel Industry, Initial Outlay, Investment, Investment Option, Luxury Hotel, Manhattan, Sant Singh Chatwal, South Asia, South East Asia, South India, Southern India | Comments (0)

Gold Achieves A New Height In The Year Beginning

January 28, 2008 – 5:16 am

Jan 08, New Delhi. Gold prices penetrated through the maximum to reach its new peak of Rs 11,150 per ten gram on the gold market due to aggressive buying by jewelers in line with a firming global trend.Gold price increased by Rs 175 per ten gram on emergence of buying by jewelers and stockiest, [...]

By Rajani | Posted in Real Estate Investment | Tagged Crude Oil Prices, Forex Market, Future Trading, Global Trend, Gold Market, Gold Price, Gold Prices, Investment, Investment Purposes, Jewelers, Market Expert, New Peak, New York Mercantile, New York Mercantile Exchange, Silver Coins, Tentative Nature, Wedding Season | Comments (0)

Real Estate Industry Spreads Over Small Cities

January 28, 2008 – 5:10 am

Disproportionate increase in property price in metro cities has resulted into expansion of hotel industry to small cities. The Giants of hotel industry are shifting their focus to cities like Ahmedabad, Bhuvaneshwar, Chandigarh, Coimbatore, Goa, Guwahati, Indore, Jaipur, Ludhiana, Lucknow, Mysore, Nagpur, Surat Vishakhapatnam and many more.
Main reason behind the change in investment [...]

By Rajani | Posted in Real Estate News | Tagged Coimbatore, Executive Chairman, Goa, Good Food, Group Family, Guwahati, Hi Fi, Hotel Accommodation, Hotel industry, Income Group, india, Indore, Itc, Jaipur, Lucknow, Ludhiana, Metro Cities, Mysore, Nagpur, Real Estate, Surat, Vishakhapatnam | Comments (0)

Carrefour Shows Interest In Indian Retail Industry

January 23, 2008 – 9:15 am

Carrefour, A brand name for French retail, is willing to start retail industry in India. For this purpose Carrefour is in search of multiple partners. Carrefour won’t be the first foreign retailer to have multiple partners while opening shops in India. Quick Service Restaurant (QSR) chains McDonald’s and Yum! Restaurants have been [...]

By Rajani | Posted in Real Estate News | Tagged Carrefour, French Retail, india, Retail industry | Comments (1)

Checkpoints before real estate deals for 2008

January 23, 2008 – 7:48 am

Where will 2008 take Real estate market? Based on PropertyWala.com study of real estate facts and trends from 2007, here are professional home buying and selling predictions for next year.
Home Prices Will Turn down and Flatten
Median home prices will continue to fall in softened markets. They won’t take a nose dive; though, they will float, [...]

By manish | Posted in Real Estate News | Tagged Advertising, Bank Owned Properties, Cash Investors, Conventional Loans, Direct Mail, First Time Home Buyers, Fixed Rate Mortgages, Flood Insurance, Hand Over Fist, Home Advertising, Home Price, Inventory, Mail Campaigns, Market Interest Rates, Median Home Prices, Mortgage Product, Nose Dive, Paving The Way, Postal Rates, Print Advertising, Quarter Point, Real Estate, Short Sales, Time Home Buyers, Year Mortgage | Comments (0)

Emaar MGF Launches IPO

January 23, 2008 – 7:46 am

Real estate firm Emaar MGF Land Limited is raising Rs 7000 crore from the market on 1st February. The company has firmed up an initial public offering of 102,570,623 equity shares of face value Rs 10 each at a price to be determined through a 100% book-building issue. The price band has been [...]

By Rajani | Posted in Real Estate Investment | Tagged Dubai, Emaar MGF, Emaar Properties, Emmar Properties, Equity Share, Face Value, Gupta, Housing Units, india, Indian Cities, Indian Economy, Initial Public Offering, IPO, Land Reserves, Md ali alabbar, MGF development limited, PJSC, Residential Development, Residential Properties, Shortage Of Housing, Shravan, Shravan Gupta, Vice Chairman | Comments (1)

Rules for Transfer of Immovable Property in India

January 15, 2008 – 3:27 am

Immovable property transfer occurs as a big issue sometimes. Sometimes confusions make it more complex. Here’s the clear view of property transfer rules.
Immovable property can be transferred by sale or by gift or through mortgage.
NRI, PIO, Foreign national must have to follow some rules while selling immovable property in India. NRI can [...]

By Rajani | Posted in Real Estate Information | Tagged Afghanistan, Agricultural Land, Authorized Dealer, Bangladesh, Bank Mortgage, Bhutan, Confusions, Finance Institution, Immovable property, Indian Origin, IPO, Iran, Nepal, NRI, Pakistan, PIO, Property In India, Reserve bank, Resident Citizen, Rules | Comments (0)