» India's realty sector remains favoured destination

The Indian construction and real estate sector continues to be a favoured destination for global investors and businesses are optimistic about their prospects for this year, says a report. Increasing migration to cities and urbanisation along with interest from buyers to invest in real estate market, will continue to be the prime demand drivers, according to assurance, tax and advisory firm Grant Thornton. "Despite being burdened with high construction costs and increased cos[...]

» SBI to Hold Home Loan Rates

The State Bank of India (SBI) will hold on to its home loan rates, a senior official of the bank said here Saturday."Home loan rates will remain as they are," SBI Chairperson and Managing Director Arundhati Bhattacharya said on the sidelines of the IIM Calcutta's 49th convocation.The RBI on Tuesday kept policy rates unchanged but lowered the borrowing limit for the banks from the overnight facility. A lowering of borrowing limit is likely to translate into increase in cost of funds f[...]

» Prices May Not Come Down

The Indian real estate sector continues to be a favoured destination for global investors. The urban population will surge in the coming years, which, coupled with growth in employment, education and health care, will push the demand for residential and commercial space.Urbanisation has been rapid in the past few years, with 'upwardly-mobile' buyers keen to invest and reap dividends from the real estate market growth. Increasing migration to the cities will drive this demand. Also ant[...]

» Global investment in realty sector to reach $45 trillion by 2020

Mumbai: Driven by rapid urbanisation and demographic changes, especially in emerging markets, global investment in the real estate sector is likely to increase 55 percent to USD 45.3 trillion by 2020 from USD 29 trillion in 2012, according to PwC.PwC in a report 'Real Estate 2020: Building the Future' said that the investment in developing Asia-Pacific countries, which includes India, is likely to rise by 140 percent to USD 10.2 trillion by 2020 from USD 4.3 trillion in 2012."Rapid [...]

» Tata Housing sells 250 flats for Rs 100 cr via online campaign

New Delhi: Tata Housing on Thursday said it has sold 250 flats worth about Rs 100 crore in five housing projects during its four-day online campaign, despite a slowdown in the property market.Tata Housing's subsidiary Tata Value Homes had offered 200 apartments in 5 projects at Pune, Bangalore, Amravati, Ahmedabad and Chennai through 'National Home Buying Day' campaign during In a statement, the company said the offer was oversubscribed 4 times with over 800 applications for the al[...]

» Indians most active buyers of property in Dubai

Indians have topped the list of Dubai's most active real estate buyers as they view the city in the same league as London, according to a survey.According to real estate consultancy Cluttons, the relative geographic proximity to India and the large non-resident Indian population in the region are two critical drivers for those looking to park their rupees in Dubai's real estate market. "Unsurprisingly, Indian nationals topped the list of the city's most active buyers, with Dubai often v[...]

» Office space demand to grow by 7% in 2014 : DTZ

Office space absorption is likely to rise 7 percent this year to 29 million sq ft in India's 7 major cities as corporates look at expanding businesses, says global real estate consultant DTZ.Absorption was 27 million sq ft last year in the seven cities -- Delhi-NCR, Mumbai, Bengaluru, Chennai, Pune, Hyderabad and Kolkata.In its report on India office Demand and Trends, DTZ also projected that office rentals would remain stable in most markets in the first half of 2014 and rents wou[...]