» Home loan EMI of affordable houses may fall by 8-10%: KPMG

New Delhi: EMI on home loans is expected to come down by 8-10 percent following the RBI's move to ease norms for banks to raise long term funds for financing affordable housing projects, consultant KPMG said on Wednesday. To encourage infrastructure development and affordable housing, RBI on Wednesday exempted long term bonds from mandatory regulatory norms like CRR and SLR if the money raised is used for funding of such projects. RBI said that lending for affordable housing means [...]

» 'Warehousing to entail investments of Rs 16k cr pa for 5 yrs'

Mumbai: Realty brokerage Knight Frank on Monday said demand for warehousing is estimated to grow at 9 percent per annum over the next five years and would require investments of up to Rs 16,000 crore each year till 2019. "As the demand for warehousing grows with the economic expansion and due to anticipated policy changes like the Goods and Services Tax, we estimate demand for warehousing will grow at a CAGR of 9 percent or 104 million square feet per year," its chief economist and[...]

» Budget 2014 to 15 Accord infra status to real estate industry.

1. The real estate industry has high expectations from this Budget to help them to pull out of the downturn over the past two years.FULL COVERAGE: Modi government's first budget 2. The biggest expectation is around infrastructure development, i.e., roads, flyovers, metro trains, in our major urban centres as they are facing acute infrastructure constraints. We have already seen the positive impact of infrastructure development, such as Noida Expressway, Yamuna Expressway, Eastern Free[...]

» Omaxe plans to raise Rs 300 cr

New Delhi: Real estate firm Omaxe Ltd plans to raise Rs 300 crore this fiscal through selling part of its equity to fund the ongoing as well as future projects, the company's top official said.Omaxe, which posted over Rs 1,600 crore turnover last fiscal, will launch seven projects in the July-September period, expecting that the property market will start improving from the next quarter."We will launch 7 projects, mostly housing, in the second quarter of this fiscal in Chandigarh, [...]

» DDA to Hike Interest Rate for Housing Registration Deposits

New Delhi: Delhi Development Authority has decided to pay simple interest at 8 percent instead of the current 5 percent on registration deposits for all its future housing schemes, the urban body said Thursday.The decision was taken at a DDA meeting on Thursday at Raj Niwas here.DDA said in a release here that the decision was taken in order to "narrow the gap" between the interest paid to the allottees and that charged for delayed payments for its housing schemes.However, it added t[...]

» Property Developer Seeks Govt Co operation for Housing Projects

Chennai: Cooperation from government is necessary in making housing segment viable for buyers in the wake of soaring land prices, according to a leading city based real estate developer here."There is demand for affordable housing. But cooperation from government is also necessary like offering special packages", Ceebros Property Development Chairman C Subba Reddy told PTI here.He was responding to a query on the status of affordable housing segment which is witnessing a strong demand.[...]

» Brahma Management to Invest Rs 3,000 crore in Indian Real Estate Sector

      Indian real estate market has been facing strong headwinds over the past several quarters due to low demand and oversupply in both residential and commercial segments.            Nine years after it was formed, New York-based Brahma Management has lined up big investments for the Indian real estate market . Brahma, an FDI-funded investment and asset management company, has already invested around Rs 2,500 crore in the sector and has plans to put in another Rs 3,000 crore over th[...]

» 'Transparency, Timely Approvals can Reduce Home Prices by 20%'

New Delhi: Calling for major reforms in housing sector, top industry leader Deepak Parekh has said transparency and timely approvals from different authorities can reduce home prices by almost 20 percent. Parekh, Chairman of home loan major HDFC, also pitched for banks and housing finance companies being allowed to fund land transactions during periods when there was "no real estate bubble". He laid emphasis on the need to increase the threshold limit for priority sector housing loan[...]