December 20, 2012 – 6:48 pm
Most often MNCs divest their real estate assets to overcome their financial crises. This phenomenon is not confined to Indian Corporates alone.
Whenever any MNCs are loaded with debt it seeks to repair with divesting some real estate assets. They may face debt due to sluggish market or economic recession.
Rising debt has been a serious issue for many of the Indian Corporates and MNCs. Many are forced to divest their real estate assets. They are sure of overcoming the debt if the property is in any prime area. Some of them lease out their properties or resort to other monetization methods. Read More »
December 19, 2012 – 6:55 pm
Due to the sluggish behavior, Real estate market India has been termed “investor unfriendly.” UK – centered RICS (Royal Institution of Chartered Surveyors) recently reported that Real estate market India is not up to the global standards.
Global real estate investors do not prefer Real estate market India. This is mainly due to its sluggishness. According to the latest reports India has lost quite a vast number of real estate investors especially foreign investors. The global real estate investors have become highly cautious about their plans to have investment in Real estate market India. Read More »
December 18, 2012 – 1:52 pm
India recently lost a bigger amount of foreign real estate investment. UK – centered RICS reported that India real estate market in has become investor unfriendly.
Royal Institution of Chartered Surveyors RICS said that real estate investment in India is not preferable due to many reasons. The existing real estate market situation is totally against the investors.
Numbers of foreign investors are decreasing in India. They are highly cautious about having some real estate investment in India. Read More »
December 15, 2012 – 7:09 pm
Festival season forgot its nature to boost the real estate market. Usually festival season is considered as the harvesting time of real estate market.
Festival season 2012 gave lots of hopes to the real estate builders. Real estate builders expected to overcome the sluggishness in the festival season. The figures clearly states that their hopes went in vain as real estate market remained static .
The offered freebies or discounts could not help the real estate builders. The sale in the festival season remained stagnant and static without any improvement. In fact comparing to the previous years this year the sales have fallen deeply. festival season failed to revive the sluggish real estate market. It could, in no way, enhance the real estate market which has been highly sluggish in 2012. Read More »
December 15, 2012 – 9:58 am
DLF Real estate firm is alleged of resorting to Anti-Competitive practices. The Competition Commission of India (CCI) rose in to action and has started their probe against DLF.
Besides DLF, other five real estate firms are charged of resorting to anti-competitive practices. Tulip Infratech, JP Associates, Omaxe and Larsen & Toubro are they.
The news was out as Corporate Affairs Minister Sachin Pilot informed the RS- Rajya Sabha. He said that the CCI has already begun its investigation against these alleged real estate developers. Read More »
December 13, 2012 – 6:52 pm
Real estate India will gain a boost from the Finance Ministry of India. With the plan to provide bank loans to the real estate players with halted project the Finance Ministry aims to lift them up.
Finally real estate has some good news from the Finance Ministry. Reliable sources reveal that the ministry had talks with top bankers in relation to the halted real estate projects.
Finance Ministry will support the real estate builders by helping them secure bank loans. These bank loans are meant to finish their halted projects. In fact this will boost the real estate sector. Read More »
December 12, 2012 – 7:23 pm
Sahara Real Estate Firms were granted more time to pay off the fine. SC asked the market regulator of Securities and Exchange- SEBI, to agree their extension application.
Sahara races once again as the real estate firms are granted more time to refund.
Sahara Real Estate Firms finally breathed some air of relaxation. Supreme Court accepted Sahara’s plea and asked SEBI to more time to pay off the amount.
As per the Supreme Court order, Sahara Real Estate Firms were to refund the amount which was collected through debentures. Around 3-Crore investors had invested in Sahara Real Estate Firms. Read More »
December 11, 2012 – 7:38 pm
Blackstone Group LP is about to launch its Asia Focused Real Estate Fund. Blackstone Group hopes to seize the Asian real estate market with this fund.
Blackstone Group is considered as the largest private real estate firm in the whole world. The firm has revealed its plans to launch another real estate fund in Asia. Read More »
December 10, 2012 – 6:54 pm
Ministry for Housing and Urban Poverty Alleviation (MHUPA) plans to comprise affordable housing in the infrastructure list. The Ministry hopes that it will increase the number of affordable houses.
MHUPA is on the verge to initiate many steps to increase the number of affordable houses. MHUPA Minister Ajay Maken cautioned the decreasing number of affordable houses. Read More »
December 6, 2012 – 7:13 pm
India- grounded real estate corporate achieved New York’s Plaza Hotel’s 75 % shares. The Indian real estate corporate Sahara India Pariwar is reported to buy New York’s Plaza Hotel’s shares from El Ad US Holdings, another real estate firm.
New York’s Plaza Hotel boasts proudly of a rich history. It had some world renowned figures like Groucho Marx, Eleanor Roosevelt, the Beatles and Mark Twain as guests. The pride of New York- Plaza Hotel is located on 59th Street with high vicinity to Manhattan Central Park. Read More »
December 5, 2012 – 7:23 pm
Island City Center, the latest real estate residential venture of Real Estate Firm Bombay Realty, is set to be exposed in the Dubai Property Show. It is the maidern real estate project of Wadia Conglomerates who is well –known for Bombay Dyeing suiting and cloth materials.
Island City Center is expected to be one of the most favorite attractions of Dubai Indian Property Show which will be conducted from December 13 to 15. It is believed to attract the NRIs residing in Dubai. Read More »
December 4, 2012 – 6:47 pm
CREDAI- Bengal unit urged the state government to do away with urban land ceiling act- ULCA. Real estate developers’ apex body said that ULCA blocks the real estate constructions. Further the CREDAI- Bengal unit said that this has become a serious issue for them.
CREDAI- Bengal unit pulled off Mamata Banerjee government for having implemented Urban Land (Ceiling and Regulation) Act (ULCA) in Bengal. Bengal is one of the few Indian states to have such an Act, said CREDAI. Read More »
December 3, 2012 – 6:44 pm
Deputy C.M. of Punjab Sukhbir Singh Badal said that the state government is set to announce a new real estate policy by December.
Sukhbir Singh Badal, Hon’ble Deputy Chief Minister of Punjab declared that the government is about to launch a new real estate policy. He expressed his hope on the new real estate policy which will help Punjab emerge as power- surplus state by 2013 end. Read More »
