Tuesday, May 5, 2009

Indian real estate news

Published on IndianRealtyNews.Com

1) Low cost housing projects in the rural areas:

As the real estate sector struggles with depressed demand due to global recession and high cost of borrowing, the ASSOCHAM has suggested the government and realty players to jointly undertake low cost housing projects in the rural areas where the shortage of houses is estimated more than 47.43 mn upto 2012. Read More

2) NRI investment in Indian realty:

Even though there has been increasing remittance, to the tune of $30 billion now, and it topped list of countries in the world in 2007 (according to World Bank study) where expatriates remitted money to their home country, real estate has received a small pie of the total investment. Read More

3) Developers Offer Assured Returns, Experts Warn against Potential Risk:

In an attempt to convince homebuyers to make upfront payments, real estate developers are increasingly offering assured returns to such customers for a fixed period or till the time the buyer gets possession of the apartment, but experts warn such schemes could be fraught with risk. Read More

4) Not the Perfect Time to Invest in Residential Property- PropEquity report:

“To begin with, the yields of residential properties are low. They are between 3-5 per cent only,” says Hitungshu Debnath, executive director, distribution and wealth management, Angel Broking. If you take a loan from a bank and expect the rent income to help you pay the equated monthly instalment (EMI), you will need to rethink the math, he adds. Read More

5) Homes in Bangalore could go the Mumbai way - small and compact!:

CSC Constructions has launched three projects in Bangalore — at Attibele near the Electronics City, Devanahalli, and Sarjapur Road -hoping to make “home buying within the reach of one and all.”

All the projects will have apartments in the studio, single bedroom, two bedroom and three bedroom categories.

The target customers include senior citizens, ex-Servicemen, young couples, first-time buyers, government employees and all those who would want to move from rentals to EMIs without any difficulty. Read More

6) Indian companies - world’s most vulnerable companies (after American firms!): International Monetary Fund report

Not long ago, Indian leaders confidently predicted this country would emerge largely unscathed from the global economic crisis. It is now becoming clear that that view was too optimistic.

The decline in foreign investment has taken a big toll on sectors like real estate, manufacturing, infrastructure and even art, which was bolstered by demand from globalization’s nouveau riche here and abroad. Read More

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1 comment:

  1. The last article's words looked familiar to me so I checked the other article I was reading and found that this particular article is a copy-paste from NY Times article on Indian Economy's current state and how it's affected by slowdown in FDI.
    These guys have no shame, they just plagiarize.
    Here's the link to the original article. http://www.nytimes.com/2009/05/05/business/global/05rupee.html?_r=1