Tag Archives: Residential Market

Realtors still stuck in house of correction

November 3, 2008 – 12:01 am

The RBI’s rate cuts alone may not stimulate the sluggish residential market. Experts feel that developers may have to further cut prices to bring buyers back into the market. Meanwhile, as a result of drastic fall in home sales, higher capital and construction cost, most developers have reported decline in revenue in September quarter.
“We are [...]

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Indians To Spend 15 Billion Pound To Buy Homes In UK

August 7, 2008 – 11:56 pm

Fuelled by the country’s rapid economic growth and increasing number of high net worth individuals, residential investment by Indians in UK is likely to touch a whopping 15 billion pound over the next decade, says a report.
“Indians could potentially own 20,000-30,000 UK residential properties over a 10 year horizon and UK-India cross border Investment is [...]

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Citi realty arm to buy 10% stake in Golden Gate for Rs 400cr

April 17, 2008 – 6:35 am

Citigroup’s real estate arm is set to invest around Rs 400 crore in Bangalore-headquartered Golden Gate Properties for about 10% stake.
The deal is expected to value the tier-II real estate firm at a little over $1 billion. This marks Citigroup’s back-to-back deals in the domestic real estate space in the last fortnight. Early last week, [...]

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