The repo rate hike by the Reserve Bank of India (RBI) by 25 bps seems to have spoiled the festive spirit of the real estate sector.
Kick-starting a Consumer Redresser Mechanism, The Maharashtra Chamber of Housing Industry (MCHI), the representative body of real estate industry, has decided to enforce a “Code of Conduct.” among its developer members.
The Indian real estate market has matured to the extent that it is seen as the best investment instrument, leaving behind gold and other traditional investment options.
Private equity investment in India’s real estate sector declined by around 20.2% to $831 million (about Rs.3,740 crore) in the first five months this fiscal due to sluggish demand.
While the real estate carries home the point that the very nature of business has gone for a change with second generation taking over the business, professionals driving the show and efforts for an overall image makeover.
Residential prices in Asia continue to increase, contrary to the pattern elsewhere, according to the Global House Price Index for the second quarter of 2011 by property consultant Knight Frank.
‘Winning the decade,’ is the focal theme of the fourth edition of GIREM, Global Initiative for Restructuring Environment and Management, the flagship urban development and real estate conference to be held at The Zuri White Sands, Goa.
Global consultancy firm McKinsey has recommended moving Indian household savings in physical assets like gold and real estate to financial assets to increase the flow of financial savings to domestic equity markets.
Unveiling a plethora of major investment opportunities for non-resident Indians in the Sultanate, a two-day Investment Exhibition India 2011will take place on September 9 and 10 here.
The Confederation of Real Estate Developers’ Association of India (CREDAI), Bengal has proposed 10 satellite townships to meet housing challenges caused due to rapid urbanization.