Tag: Residential Property

Union Budget 2012-13 – A List Of Pros And Cons.

Aunj Puri, Chairman & Country Head, Jones Lang LaSalle India has a mixed reaction to Union Budget 2012-13 as he seems that the Indian real estate sector does not have much to cheer about.   Exempting proceeds from the sale of a residential property from Capital Gains tax if they are invested in equity or equipment […]

Impact of new order on premium FSI

The Government order permitting premium FSI in the area coming under Chennai Corporation, 16 municipalities, 20 town panchayats and 214 village panchayats in Chennai, Tiruvallur and Kancheepuram districts is expected to have a marginal impact on end users. The gazette notification is expected shortly and the move would permit builders of new projects in CMA, […]

Raymond to enter realty

Textile company Raymond plans to move towards realty sector. The initial project would be to develop the surplus land of 15-20 acres in Thane, where its factory is located. Mr Gautam Singhania, Chairman and Managing Director, Raymond, said in a press conference that the primary focus would be in the residential segment and funding would […]

NHB Residex to cover cities with over 1 million population

National Housing Bank (NHB) aims to cover all cities with population of over one million under its NHB Residex, which is the country’s first official residential property price index. Currently, the NHB Residex gives relative movement of residential property prices in different localities in fifteen cities. According to Mr S. Sridhar, Chairman of NHB, “By […]

Indians To Spend 15 Billion Pound To Buy Homes In UK

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 […]

Indian Realty Need Chinese Rules

It’s now quite evident that real estate companies are in for some difficult times. CRISIL not only foresees a delay in many planned and ongoing projects, it believes several players are over-leveraged and that the combination of sluggish demand and rising costs will lead to a shakeout. In particular, residential complexes, funded largely by customer […]

Rental Prices Higher By 13% In Main Cities

After the fresh rise in real estate prices all over India, the reports are coming about rising rental prices in key industrial towns. A current report about rental prices in New Delhi has shown a 13 % rise in rental prices in year 2008. Global real estate consulting company, Cushman & Wakefield has reported a […]

Indian real estate Seeks Partnership With Israeli firm

The Indian real estate company Sigrun and a leading Israeli firm are in talks over a deal worth more than five hundred million dollar, as said by knowledgeable sources. Most of Sigrun’s activities (95 %) are in residential property and the rest in office rentals, according to CEO and controlling shareholder Rajesh Nair. He said […]