» RBI rate hike to hit property market: Credai

The Reserve Bank of India (RBI) hiking the key policy rate will hit property sales, particularly in the residential segment, real estate developers said while expressing disappointment at the move.RBI raised the key policy rate by 0.25 per cent to 8 per cent in a bid to curb inflation, a move that may translate into higher EMIs and push up the cost of borrowing for the corporate.Realty firms and consultants hoped, however, that this would be the last round of monetary tightening by the cen[...]

» Property prices likely to increase post elections: Survey

Property prices are likely to increase only after six months when the country will get a new government, a recent survey said. The Housing Sentiment Index (HSI) assessed by IIM Bangalore and  forecasts that home buyers across eight of 10 cities surveyed expect real estate prices to rise over the next six months.Cities like Ahmedabad, Kolkata, Mumbai, Delhi, Hyderabad, Pune, Noida, Gurgaon, Bangalore, Nagpur and Chennai were surveyed."Indian real estate is bound to remain attractive in the [...]

» Godrej Properties looking to enter Noida real estate market

New Delhi: Godrej Properties Ltd is keen on entering the Noida real estate market and is looking for a partner to develop a housing project, according to a top official at the company.The real estate arm of the Godrej group is developing 3 premium housing projects in Gurgaon in joint venture with land owners and has already tied up for a residential project in Okhla, Delhi.Godrej Properties has a strategy to develop real estate projects through joint ventures with land owners."Mumbai, [...]

» Housing Rates Fall by Average 8 percent During 2013 in Delhi NCR

Housing prices have declined by an average 8 per cent in Delhi-NCR during 2013 compared with the year-ago period due to slowdown in property market amid economic and political uncertainties, a study said."Delhi-NCR is one of the most sought after property destinations in India. However, the present economic and political uncertainty is getting reflected in capital prices in the region," property portal 99acres.com said in a report that covers trends on property prices for the housing [...]

» Rupee denominated PE funds key to residential real estate

The woes of the real estate sector are far from over. It will continue to get most of its private equity (PE) funding from funds specifically focused on real estate, especially in residential segment. Sector agnostic private equity funds will invest in residential real estate with caution.   Jones Lang LaSalle India's Segregated Funds Group closed its first real estate fund in India - Residential Opportunities Fund-I  (ROF-I) - at Rs 160.75 Crore. Like most real estate focused fun[...]

» Home » Business » Property News HC orders demolition of buildings, Noida Extension flat buyers scared

The Allahabad High Court on Friday ordered realty firm Supertech to demolish two of its 40-storey building at the Noida housing project, an order that has driven fear into lakhs of flat buyers of Noida Extension that similar orders may come for the Noida Extension builders too.The High Court on Friday ordered the demolition of two Supertech's Emerald Court buildings in Sector 93A in Noida for violating guidelines.The court said the construction of the two 40-storey buildings was n[...]

» Residential land prices shot up by over 35% in 2 years: Survey

Mumbai: Prices of land, which are used for development of residential properties in Mumbai, have appreciated by almost 35.2 percent over the last two years mainly due to change in norms and increase in property prices, a recent survey said. A survey conducted by Knight Frank of 13 top Asian cities on the parameters of prices of land used for residential and commercial projects, pointed out that Mumbai is an expensive market compared to Delhi NCR and Bangalore,Pune and Nagpur which have[...]

» Realty sector may see improvement in next 6 months: Report

Even as the current sentiment remains sluggish, industry experts believe the real estate sector is likely to see some improvement in the next six months when property prices will also witness upward movement."As per the stakeholder survey, not just supply and demand for residential property, but price too is expected to witness an upward movement in the next six months," Knight Frank India Chief Economist and Director-Research Samantak Das said in New Delhi. He was talking to reporters[...]