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 […]
Tag: Economy
Economy and Realty at Glance: 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 […]
Real Estate Looking Forward
The reactions to real estate market are mixed. The looking up of this market in the US economy has raised some hopes in the Indian markets too. Various real estate companies have expressed that the market is looking up, and is likely to improve in the coming days, but some companies are skeptical and want […]
Terror impact is a temporary setback
Rating agencies and foreign investors do not see any impact on the prospects of the economy because of terror attacks in the financial capital. The meltdown in the global financial markets is still a larger concern. Past experience has shown that markets have reacted only temporarily to such extraordinary events. Although some reports do not […]
Calls grow for Indian real estate market aid
Indian real estate market associations are ramping up pressure on the government to produce a “stimulus package” to help the sector. Groups like the National Real Estate Development Council (Naredco) are petitioning for new measures to make it easier for foreign property investment firms to buy in India. Hindu Business Line also reports politicians are […]
Borrowers will have to wait for lower lending rates
According to HDFC chairman Deepak Parekh, lending rates would ease only after deposit rates come down, which will take some time to happen. The statement comes at a time when most people hoped that banks would start lowering their lending rates, following the recent repo cut by the Reserve Bank of India (RBI). Welcoming the […]
Slowdown In The Real Estate Due To Slowdown Of The Economy
The general economic slowdown has started impacting the commercial real estate sector as was obvious by slower uptake during the April-June period of the year. During the period, commercial real estate demand was only at 9.74 million square feet as against the supply of 18.07 million sq.ft, commercial real estate services firm Cushman & Wakefield […]
Effect of Economy On Real Estate Sector
India is taken as the one of the fastest rising economy in the world and in this present economic status, real estate has appeared as one of the most beneficial investment sectors for domestic as well as overseas investors. The economy and the real estate sector in particular are high on its ride to prosperity.
Loans to get cheaper as SBI cuts rate again
SBI has decided to cut the home loan repayment rate. After going up for months, EMIs are set to come down. This follows a decision by four public sector banks, led by SBI, to cut their prime lending rates further by 0.25% to 0.50%. SBI’s new PLR will be 12.25%, effective from February 27. Canara […]
Influence of American Youth On Indian Youth
When you were in India in the last summer, according to you what changes in the economy were the most profound. What is your opinion about the overall standard of living? The biggest change was the level of investments going on. Families that were traditional in their thinking had changed their mindset; they must invest […]