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Finance Minister urges real estate to be poor sensitive

Finance Minister Pranab Mukherjee has urged the real estate sector to be sensitive to the purchasing power of the poor while pricing their housing units. Speaking at the 10th national convention of the Confederation of Real Estate developers” Association of India (CREDAI) in New Delhi on Dec 16, Mukherjee also called for greater integrity in development, construction and marketing or real estate business.

Policy India Real Estate News, Real Estate News India, India Property News, Property News India, India NRI Property News, NRI Real Estate News India, Track2Media, Track2realty
World Bank projects 17% FDI inflows

While the foreign direct investment flows (FDI) dependent Indian realty market is awaiting a good fortune, a World Bank report brings cheer to the industry. It says the FDI into developing countries including India is expected to recover over the next couple of years and is projected to increase by 17 per cent in 2010.

Policy Mumbai Property, India Real Estate, Track2Media, Track2Realty, Realty News, India Property News, India Real Estate News, Real Estate News India, NRI Property News India
Mumbai realty market awaits policy change

The Mumbai realty market is awaiting a policy change by the Maharashtra Government that could appreciate the prices in South Mumbai, while soften up the market in the suburbs. Real estate prices in South Mumbai range between Rs 20,000 and Rs 1 lakh per sq ft, whereas the rates in the suburbs range between Rs 6,000 and Rs 40,000 per sq ft.

Policy Mumbai Property, India Real Estate, Track2Media, Track2Realty, Realty News, India Property News, India Real Estate News, Real Estate News India, NRI Property News India
MCHI realty expo attracting NRIs

The Maharashtra Chamber of Housing Industry’s (MCHI) 14th India Realty Expo 2010 has expressed satisfaction over the non resident Indians (NRIs) keen interest. The MCHI said in a statement that many NRI couples were looking up and evaluating options and the Participating developers and banks have reported receiving “solid enquiries” and many expect deals to be closed.

Policy Track2Realty, Track2Media, Adarsh Society Scam, Mumbai, India Real Estate, Indian Army, indian real estate news, india realty news, realty news, property news india, mumbai property news, mumbai real estate news
Mumbai govt wakes up to map & record plots

In the wake of Adarsh society controversy the Mumbai government has suddenly woken up to the reality that they don’t have authentic records of land ownership and maps of many plots in one of the costliest addresses in India, South Mumbai. The state’s urban development department has written to the city collector, telling him to prepare records of ownership of land in Backbay and Nariman Point areas in south Mumbai.

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Indian real estate: The need for better regulation

The organized segment of Indian real estate is only about two decades old. It could be seen as understandable that true governance is too much to ask at this early point. However, we have reached a decisive point in 2010, which was indisputably one of scams.

Policy
NRIs apprehensive to invest in India

A study by Assocham last year on the real estate scene in India indicated that the large Malayali and Punjabi NRIs are buying the houses of their liking. The study was based on the fact that Malyalis and Punjabis have migrated in hordes over the years. Some of them are also buying commercial space, it claimed.

Policy CREDAI, India Realty News, India Property news, Real Estate India, Track2Media, Track2Realty, Track2Infra, India real estate, property market
CREDAI against Real Estate Act

The Confederation of Real Estate Developers’ Associations of India has expressed displeasure about the proposed Model Real Estate (Regulation of Development) Act in its present form, saying it could lead to an escalation of prices of housing stock in the country by Rs 300 per sq ft.

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Is private equity back in Indian real estate?

With the return of confidence in the sector, Indian real estate players are now once again looking at private equity funding. That said, the industry still depends heavily on bank debt, NBFC funding and end-user advances. This is because bank debt is a cheaper option, and also because it offers flexible tenures.

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