A demand for much cheaper borrowing for home loan customers is among a list of measures drawn up to help the struggling Indian economy.The Associated Chambers of Commerce and Industry of India (Assocham) unveiled a six-point strategy to get the country’s finances moving again.Interest rates for those buying property were singled out for special attention, [...]
With domestic sales suffering as the rupee loses value against the dollar, property developers in India are looking outside the country for an alternative market. They are hoping to tap into a growing niche within overseas property investment Non-Resident Indian investors.NRI or Non-Resident Indian refers to a person of Indian origin either born outside India [...]
National Real Estate Development Council (Naredco)demands reduction in the interest rate on home loans by at least 3-4 %! The urban development ministry has drafted a bailout package for the real estate industry, which would be shortly sent to the finance ministry for consideration. The ministry has called for relaxation in norms for foreign loans so that realty companies can tide over the liquid
Morgan Stanley is planning to invest $1 billion in the Indian property market in the next five years, said Mr. Sean Williams, head of the company's Indian real-estate division. The company has formed...
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Morgan Stanley has appointed Naresh Naik as an executive director and head of asset management for its Indian real estate unit.
Naik, an architect who was earlier head of asset management for Lehman Brothers in India, starts in his new role later this month and will be based in Mumbai, Morgan Stanley said in a statement [...]
The real state boom was empowered by too many positive factors during the year 2004 - 20081. Cash Inflow from foreign Investors2. Home loan interest rates were quite low3. Boom in IT Sector4. People buying more than one house on loan just for investment purpose even if it was a costly affair.5. Many NRI's buying houses in India for investment.Now all of the above conditions have reversed1. Foreign
Disclaimer: Please, note that the news is about "Indian real estate". Not about Pune real estate. Read it but, please, do not expect 30 % + price cut in Pune real estate market. "You may get 30% to 50% discounts even now!"At a recent TiE-Indian Angel Network summit in the capital, industry players including real estate developers, private equity players and real estate brokers and consultants, a
Given the current global economic slowdown and its impact on the Indian economy, real estate developers have hit upon novel marketing strategies to woo reluctant flat buyers. Real estate players such as Mantri Synergy, Jains Sunderbans, ETA Rosedale and Hirco Palace Gardens have come out with new schemes to attract buyers.In what is seen as a clear move to shore up the ‘sagging morale’ of pros
American real estate tycoon Donald Trump is planning to set up a residential project in Bangalore thus marking his grand entrance in Indian real estate. The Trump Tower will be a Rs 500-crore project with 16 condos and three duplex penthouses each priced between Rs 25 to Rs 40 crore. Trump Organization, is expected to [...]
Why i am blogging this complete interview?In the comments on this "Ravi Karandeekar's Pune Real Estate Market News Blog" the most talked about subjects are Pune real estate slowdown, property rates coming down and the 'future' of Pune real estate developers.When most of us are so sure about the debacle, in the last week itself Gaurav Dalmia, probably the first marwari business family scion to test
Fitch Ratings said the short-term outlook for India’s real estate sector is negative with slowing demand and growing liquidity concerns, coupled with the tightening bias of monetary policy, leading to a possible negative impact on the credit profiles of real estate companies.
But in Fitch’s opinion, this slowdown will also aid the process of weeding out [...]
"Historically, if you see, people used to invest either in real estate or gold to hedge inflation. Only in recent times people are investing in shares, but real estate is a long-term investment and so it is the best bait for investment when inflation is higher," Hiranandani Construction's Managing Director Niranjan Hiranandani said.
The higher the inflation, the more the depreciation of rupee and
Prudential Real Estate Investors on Tuesday announced that it has launched a joint venture with Beekman Helix India Partners LLC (BHI) to invest in real estate in India. Through its new private equity real estate platform, the venture plans to embark on a strategy to create real estate funds for institutional clients.
Prudential Real Estate Investors [...]
This is continuation of Indian Real estate posted on April 30 2008 ( Indian Real Estate Part 1 ).
The latest data shows the median US home price is $200,000. This is about Rs. 84 lakhs. Note that these US homes are independent houses, not apartments and the surrounding infrastructure is excellent (roads, power, water). Now compare this with the inflated apartment prices here, with no roads,
With the significant investment opportunities emerging in this industry, a large number of international real estate players have entered the country. Currently, foreign direct investment (FDI) inflows into the sector are estimated to be between US$ 5 billion and US$ 5.50 billion. Investment in the Indian realty market is set to increase to US$ 20 billion by 2010 with a boost from Real Estate Mutu
This section of the website provides latest Indian Real Estate news and latest happenings going on in the real estate market, Property Market of India. Know the Latest happenings in indian real estate sector, news update on indian relaty indutstry, All About Real Estate Happenings in India, Real Estate News. Real Estate News From India
Indian Real Estate Market – Global ImpactAs property prices continue their downward spiral in Britain, NRI investors here are looking to India, which is increasingly seen as a hotspot due to rising real estate prices across the country.Every week, leading mortgage lenders and estate agents publish figures of declining prices, higher number of houses on the market, fewer buyers and smaller number
Khaleeji Commercial Bank, one of Bahrain’s leading Islamic banks, has announced that it has raised $163.5 million of equity from investors across GCC for Danat India Investment Company that will invest in a real estate development project in the vicinity of New Delhi, India.
Ebrahim H Ebrahim, CEO and Board Member, Khaleeji Commercial Bank, said, “We [...]
Blackstone Group LP’s property unit has made its first purchase in the Indian real estate market by paying $18 million for a minority stake in Synergy Property Development Services.
Blackstone’s property unit is buying the stake in the Bangalore-based property management and construction company, the newspaper reported. Blackstone was one of the most active private equity [...]
The Ascott Group (Ascott) has acquired its first serviced residence with 220 units in Ahmedabad. The investment is a joint venture with The Rattha Group (Rattha), a company in the field of exports, infrastructure development and leasing. Ascott has 1 Vote(s)
Real estate developers and agents in India are now offering more solution to market properties to Non-Resident Indians (NRIs) and international real estate investors. Their focus now is geared to target the burgeoning and lucrative market of prospective Canadian buyers.
The latest report by ‘Statistics Canada’ says that South Asians have now surpassed the Chinese as [...]
Russian conglomerate Sistema, on Tuesday announced plans to invest $100-200 million in developing hotels, offices and residential complexes in major cities of India. The revelation came after the company’s decision to invest $5 billion in the country’s telecom sector earlier in the year.
Sistema has clinched an alliance with India Shyam Group, which has divested 51 [...]
The real estate market in India is worth about $12 billion and is growing at about 30 percent a year, Ernst & Young said in a report last month commissioned by the Federation of Indian Chambers of Commerce and Industry. Rising incomes, easy financing and population growth are driving demand for housing and luring overseas [...]
The Indian real estate has gained a lot of traction from both within and outside the country in the past couple of years. A huge pent up demand and access to funds were the key drivers for propelling the Indian real estate market into an overdrive.The industry received the much-needed first shot of funding in 2005 wherein the foreign direct investment (FDI) route was opened up for Indian real estate. Since then the Indian real estate sector has transformed to reach $57 billion in 2007, and has a potential to reach $90 billion by 2012 according to the Eleventh Five Year Plan.
Project execution is now emerging as the key differentiator between the topnotch developers and the so-called ‘flyby-night operators’DLF, has formed a joint venture with Laing O’RourkeAnsals have tied up with Malaysia-based UEM Builders Indiabulls Real Estate is working with Europe-based Strabag SE. In fact, the real estate boom has translated into bulging order book for established construction majors like L&T , Shapoorji Pallonji, B L Kashyap, Ahluwalia Construction, Patel Engineering and others.ET INTELLIGENCE GROUP, thanks for the info! Could you, please, tell me who is tied up with "Flagship Infrastructure Pvt. Ltd." to construct Paranjape Schemes' Blue Ridge township at Hinjewadi?-The Economic TimesTags: real estate, Indian real estate, Pune real estate, Pune real estate news
* In broad terms, 2007 has been a good year for the Indian real estate sector. All fundamentals are firmly in place, and there have been only isolated ‘overheated’ pockets. * The volume of residential sales had slackened, but is now picking up again satisfactorily. * Of concern have been the facts that too much funds were chasing and continue to chase too few good projects, and that the supply of quality spaces across sectors and geographies did not meet existing demand. * 2007 also did not resolve the question of whether SEZs in India are merely a ‘real estate game’ or whether they will serve their intended purpose.
Caisse de depot et placement du Quebec, Canada's biggest pension-fund manager, plans to invest in Indian real estate for the first time and may spend up to $1.6 billion there in the next five years.SITQ, the Caisse office-building unit that owns about $10.6 billion worth of property, may have as much as 15 per cent of its assets in India by 2012, chief executive Paul Campbell said. SITQ currently has no investments in the country.The fund manager is moving into the world's second-most populous nation to boost returns as rising borrowing costs make U.S. assets less attractive. Real estate development in the country is forecast to increase to $90 billion (U.S.) by 2015 from $12 billion in 2005, Moody's Investors Service said in a June report.
ICICI Venture Funds Management Co Ltd, India’s largest venture capital company, is planning to invest a whopping $2 billion for the country’s biggest realty fund, thereby tapping the potential of a burgeoning market.
The fund will raise the money in India and abroad. The venture will invest in real estate projects, both commercial and residential, and buy land in 12 largest Indian cities.
Indian property market has been making rapid strides and is set to grow to $90 billion by 2015 from $12 billion in 2005. India’s $906 billion economy is likely to grow more than 8.5 percent in the year to March 31, says the data showcased by Moody’s Investors Service in June.
ICICI Venture was established in the year 1987 and has a venture with New York based Tishman Speyer Properties LP.
ICICI Venture is moving close on heels of HDFC, which raised $800 million in August. Another inspiration for ICICI venture seems to be Sun-Apollo India Real Estate Fund LLC which has got $630 millio
The real estate sector in India has seen tremendous growth over the past year as property prices have soared and the number and scale of projects have increased. Needless to say, developers are enjoying this growth and are seeking to meet demand with large-scale projects. To fund these projects, developers are looking to investors, both domestic and foreign, through avenues such as listings on London's Alternative Investment Market, domestic initial public offerings, private equity participation and the setting up of joint ventures.
Indian real estate is likely to grow three times over the next three years. The market size may reach the mark of Rs 200,000 crore from the current Rs 60,000 crore, the real estate industry connoisseurs.
With a high proliferation of IT and pharma companies in India, the real estate sector especially commercial property market has got a major boost.
Indian realty will certainly be the next BIG thing by 2010, says Cherian Varkey, vice-president of Builders Association of India at a seminar.
The present property boom has persuaded several real estate companies to list on the bourses. IPO of Shobha Developers Ltd., Akruti Nirman Ltd. and Parsvnath Developers were oversubscribed. These companies raised Rs 20,000 crore from the capital market.
Recently, the market had witnessed a downslide. However, the current stagnation would only be for a short period as there has been a continuous surge in incomes, adds Varkey.
Real estate investments bring high returns. And, this has been the major fact
American real estate baron, A Alfred Taubman, who made billions by developing exclusive shopping malls across the US, is now looking forward to carve out a niche in Indian realty.
Considering the bullish growth that is being witnessed by retail industry in India, NYSE listed Taubman Centers Inc has already initiated discussions with private equity funds and prominent real estate developers.
The company has sent a team in India to list the opportunities for retail development and managing malls. It is pondering upon to narrow down on one of the available options – entering into a joint venture with a big real estate fund such as Anand Jain managed UIOF, or forging multiple regional alliances with known property developers in leading cities, say sources.
Taubman is believed to have been in talks with UIOF for the past three or four months. However, both the companies have not ascertained anything in this regard. An email query to UIOF did not bring out any response. One of the major
With property boom spreading in all directions, real estate in India is touching new heights. Industry experts believe that Indian real estate has huge demand potential in almost every sector -- especially commercial, residential and retail. Policy changes introduced by the Government in February 2005 allowed 100 per cent foreign investments in construction projects with fast-track approvals. But the real attraction for foreign investors is potential investment returns of 25 per cent and more in Indian projects that might be hard to come by in the US and in Western Europe today.The positive outlook of Indian government is the key factor behind the sudden rise of the Indian Real Estate sector - the second largest employer after agriculture in India. This budding sector is today witnessing development in all area such as - residential, retail and commercial in metros of India such as Mumbai, Delhi &NCR, Kolkata and Chennai. Easier access to bank loans and higher earnings are some of the
Istithmar, the private equity arm of the Dubai government, is bullish on making investments to expand its horizons in the hospitality sector and other infrastructure projects in India. The company sees these options as excellent prospects for liberalization and investments bets.
The company is also playing a major role as a prospective investor in Indian low cost carrier SpiceJet and group company Dubai ports runs a number of cargo terminals in the south and west.
Another group company, Nakheel, has recently made headlines by signing a joint venture with the India’s leading real estate developer DLF. The deal is regarding the development of two Mega Townships in India involving an investment of a whopping $10 billion.
India is gradually emerging as a buoyant real estate market which is largely attracting attention of long term investors, says vice chairman Khaled Al Kamda. With the government looking forward to liberalize and more investments in infrastructure projects, these inve
Banker billionaire Shari Arison is joining forces with energy and property tycoon Yitzhak Tshuva in pursuing real estate opportunities in India. Arison and Tshuva ill be investing about $100 million to start with through a joint company.
More than a dozen overseas private equity firms such as Goldman Sachs, Morgan Stanley, JP Morgan and Blackstone Group are looking at investment opportunities in the Indian real estate market.
In a bid to tap booming Indian real estate, foreign investors are being bullish on making large-scale investments in the market. In the next couple of years, an investment of USD10 billion is likely to facilitate by FDI route that clearly means huge growth of the sector.
Of the investments worth USD 30 billion estimated for Asian real estate market, USD6 billion have been predicted for India alone, says a report by leading property consultant Jones Lang LaSalle.
Compared to other property markets, India offers a high return of around 20-25% on real estate investments. This is one of the factors encouraging foreign players to look forward to Indian real estate, ads the report.
Other factors attracting attention from foreign investors include high rental, capital value appreciation, and large availability of quality supply in India. A major part of investments are being put in development of residential and mixed-use real estate projects.
Total FDI share in the year 2007 is likely to ris
Property developer DLF Ltd. said on Tuesday it did not see a price bubble in the country's real estate sector, and expects property prices to remain steady at current levels."I don't think there is any bubble, neither will it burst," DLF vice-chairman Rajiv Singh told Reuters on sidelines of a media conference for the relaunch of DLF's initial public offering.
GE Commercial Finance plans to provide private equity capital and debt to developers of commercial real estate and enter into project-specific joint ventures, the report said. GE India expects the proportion of its revenue which comes from real estate, which formed a small part of its $1.9 billion revenue in 2006, to go up significantly in its $8 billion revenue target for 2010.
Lately banking and real estate are stealing the limelight. All business news channels and tabloids are concentrating their efforts on how the Reserve Bank of India (RBI) and the Finance Ministry are tightening the reins on the Indian real estate.More...
Growing the fastest in the world, property prices in India are well on their way to leave every other country behind, says the data revealed by Knight Frank and Citi Private Bank.
The real estate in India, along with those in Russia and China has increased 40 to 50 per cent in the past few years. In comparison to this, London, witness a price growth of 30 per cent in the high end segment.
Residential property prices in India are estimated to be going through the roof. Mumbai is known to have the most expensive residential properties, where an average per sq ft will cost Rs 50,000. This includes properties like the Chattan Bungalow on Malabar Hill or Sunita Apartments on Napean Sea Road, says Pranay Vakil, chairman of Knight Frank India.
Other peripheral locations include St. Petersburg and Moscow in Russia, Delhi and Mumbai in India, as well as Guangzhou and Beijing in China, says Liam Bailey, head of residential research at Knight Frank.
The prices of the most expensive properties see
Imperial Land Developments Ltd. Of U.K. in association with the Builder Information Bureau of India is jointly organizing an Exhibition of Indian Real Estate Developers in May 2007. This event is taking place in the Metropolis City of London and is going to run for 2 full days on the 5th and 6th of May 2007. The venue is 5 Star Hotel, the Skyline Sheraton Hotel at Bath Road, London. This a great opportunity for Property Giants from India to Exhibit their current projects in Residential, Commercial or Industrial Developments in India to the mainly Non Resident Indian population of England and rest of Europe. For further information click hereSource: 99acres.com March 27 2007Visit www.mybangaloreproperty.com for Bangalore Property
The attraction of Indian real estate is now in no doubt after an international investor pledged to put millions of pounds into the Indian real estate sector. Overseas property investors now see India as a good place to invest in global real estate. The recent announcement was made by Suchit Punnose, Director Investments of Red Ribbon UK Fund and pays sentiment to the attraction of India for investment. The UK-based property investor plans to invest 250 million pounds in India's booming real estate sector in the next five years.
Since the investors making investments in Indian retail sector has become conscious about putting in the volatile equity market at current levels, Non Resident Indians (NRIs) are taking a contrarian stand towards the same.Nowadays, NRIs seem to be changing their mindset about making investments in Indian real estate. They have invested a whopping 100 crore, in less than two months of the current calendar year. Contrary to this, NRIs had emerged as net buyers at less than Rs 8 crore in 2006. Connoisseurs feel that the corrections witnessed in the past few years have made NRIs bullish on the Indian real estate market. However, they are looking towards reinvesting.Data complied by surveys clearly show that NRIs have been taking out their money, with the concerns such as high rupee-dollar rate and valuation on mind. All these factors have forced them to reconsider their decision to invest, says the head of brokerage with a sizeable overseas presence.Although, the value of rupee has increas
A US-based infrastructure company on Thursday unveiled plans to invest $1 billion in Indian real estate in what is being billed as the largest foreign direct investment (FDI) in the newly liberalised sector.Royal Indian Raj International Corporation (RIRIC), a Nevada-based company promoted by people of Indian origin, is firming up plans to build integrated townships and planned cities in the country.The company has entered into a strategic partnership with New York-based real estate investment banking firm The Greenwich Group International to finance the development of multiple private cities in India. “We have already been working on our inaugural residential project on a 17-acre plot on the outskirts of Bangalore,” said RIRIC CEO Manoj C Benjamin.“With the Indian real estate sector in transition and recent landmark legislation allowing FDI into it, the opportunity for participation in this formerly closed market is heightening,” Benjamin said. RIRIC said it aimed to take adva
A recently survey conducted by Federation of Indian Chambers of Commerce and Industry (Ficci) said that a major chunk of real estate firms believe that the rising price in Indian real sector is here to stay. The survey, which is based on the findings...(read more)
Non-residents Indians [NRIs] have recently begun to show immense interest in the real estate market of India. A lot of NRI funds are coming to India, through various channels, to be invested in the real estate industry, as these NRIs want make the most of the opportunities offered by the growing real estate market in India.We cannot ignore the important aspect of India's government in promoting real estate. The Indian government has played a major role in supporting the growth of the real estate sector by allowing NRI investment and Foreign Direct Investment [FDI] in real estate. With an exceptionally good return on the investment, the real estate sector has become the preferred choice of most of the investors.Various lucrative avenues are being created and offered to invite maximum investments from abroad. The NRI section has responded quite positively, showing keen interest in India's real estate market. NRIs are investing a lot in residential and commercial properties to cash upon
