Owner: NRI's Looking for property in India URL:http://realestatefornris.blogspot.com/ Join Date: Wed, 04 Jun 2008 02:48:19 -0500 Rating:0 Site Description: NRI Real Estate news, information with current events, alerts, stories and online information for non resident Indians community worldwide
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Expansion Plans on Cards for Emaar MGF - IPO To Hit Market By Next 18 Months 2008-06-03 07:30:42 In order to develop property market in South India, Emaar MGF land Ltd, a joint venture between Emaar Properties PJSC of Dubai and MGF Developments Ltd of India, has decided to invest $3 billion by the next 5-7 years. Out of the proposed $3 billion investment, Emaar MGF plans to spend $1.4 billion on a leisure and residential township in Hyderabad.The project, covering up over 531 acres, will be s Read more:Expansion
, Cards
, Market
, Months
Low Cost Housing - Need of the hour ! 2008-05-30 05:19:42 The renowned real estate firm Mahindra Lifespaces Developers has finally decided to target low cost housing for common man ! The property prices in India have been hitting the roof with no signs of abetting the current inflation and high real estate prices inspite of all the hoopla about real estate industry facing downward trend Low cost housing has been the need of the hour and has been recogniz Read more:Housing
, Low Cost
Global Players eyeing Indian Real Estate Sector 2008-05-30 03:54:11 With the significant investment opportunities emerging in this industry, a large number of international real estate players have entered the country. Currently, foreign direct investment (FDI) inflows into the sector are estimated to be between US$ 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 Read more:Global
, Players
, Real Estate
, Indian Real Estate
NCR Residential Market – from Knight Frank report’s perspective 2008-05-29 04:46:53 You think the soaring interest rates on home loans, has any which way affected the residential properties demand???. Increasing urbanization, rising per capita income, growth in trend of nuclear families are some of the leading factors fuelling the housing prospects across the country.The scenario led a multitude of real estate developers to announce their projects in different locations of NCR. B Read more:Market
, Knight
, Frank
, report
Indian Real Estate Market – Global Impact 2008-05-29 04:43:25 Indian Real EstateMarket
– 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 Read more:Indian Real Estate
, Indian Real
Price Correction ??? 2008-05-27 23:47:45 We have been hearing about recent down trend in real estate prices as ‘correction’? Do we actually have a correction taking place in true sense??? Volumes of property transactions are going down, hence the asking price for property will also go down. Additionally, builders have less demand and supply in abundance which is posing as a major reason for the slow down in Real Estate prices.Recent
News Flash ---Khaleeji raises $164m for India venture 2008-05-23 06:02:30 Source - Gulf News Khaleeji Commercial Bank has raised $163.5 million of equity from investors across GCC for Danat India
Investment Company. Danat will invest in a real estate development project near New Delhi, targeted at the expanding middle class of India. India, currently one of the leading emerging markets is expected to be the world's third largest economy by 2050, ahead of Japan, the UK a Read more:Flash
Mittals Indulging in Luxury ! 2008-05-23 05:48:10 The palatial residence, on a street dubbed Billionaires’ Row, is believed to have been bought by Britain’s richest man, steel tycoon Lakshmi Mittal. He is believed to be close to exchanging contracts with owner Noam Gottesman, a US-born financier. The home in Kensington Palace Gardens, West London, Princess Diana’s former street, is being sold furnished and with an art collection. It works o Read more:Luxury
New Luxury Hot Spot – Hyderabad 2008-05-23 05:40:33 The city of nawabs is finally getting its dues! Emerging as the new luxury hot spot for investment in real estate sector with many US firms and biggies in IT sector looking for investments in Hyderabad.Keeping in mind the better civic amenities and enhanced lifestyle, Hyderabad is fast taking a lead in real estate investments. The overall growth of Hyderabad is enlarging with every passing day. T Read more:Luxury
Good News for Banks and consumers with relaxation in Housing Loan provisioning norm ! 2008-05-16 03:53:04 So here's some respite for a common man and banking institutions in India.Reserve Bank on Thursday relaxed the risk provisioning norm for housing loan up to Rs 30 lakh, a move that would make it easier for banks to provide loans for purchase of residential properties.The RBI has modified the provisioning limit for housing loan to take care of the growing property rates mainly in the urban centers. Read more:Housing
, consumers
, Good News
Strange however true !!! Compensation demand due to rupee appreciation ! 2008-05-14 03:45:58 source - Times Of India website ---- Indian expatriates in UAE have demand
ed a compensation package from the Indian government as appreciation
of the Indian rupee impacted their remittances back home. The demand follows a study conducted recently by the Centre for Socio-economic and Environmental Studies, Kochi. The study focused on the impact of rupee appreciation on the economy of Kerala, which Read more:Strange
, Compensation
World Focus - US slow down leading to focus on UAE market 2008-05-13 08:05:46 US economy slow down, elections uncertainities.. few of the factors resulting into real estate companies to look for greener pastures. Leading construction companies in US are now heading towards countries like Dubai, Singapore to look for business opportunitiesUAE is fast becoming a favorite destination for big construction firms from all over the world ready to encash the blistering pace of cons Read more:World
Possibility of 30% hike in Floor Rates for NCR Realty 2008-05-09 02:34:29 So here’s some good news for a small investor, a middle class Indian family desperate to own a property.NCR realty market might witness a hike in minimum floor area rates (circle rates) for property transactions in and around the Capital by 20-30% by NCR board.These new minimum rates are expected to make it easier for people to buy houses by entitling them to bigger home loans, besides generatin Read more:Floor
, Rates
, Realty
Investment - In Real Estate or Stocks????? 2008-05-08 11:58:01 Benefits of real estate investments v/s investing in stocks? Isn't this a question in our minds? Stock Investments have been a favorable option for a long time, sensex was jumping, hopping and making somersaults, till it went on a crash spree !!! Looking at recent downward trend in real estate market also doesnot really make one come out of this dilemma of stock market or real estate for me?Lets l Read more:Estate
, Real Estate
, Stocks
Rs 1400 Cr Township Planned in Pune 2008-05-08 11:37:11 Pune-based real estate companies, the Avinash Bhosale group and Kumar Properties, have joined hands to set up a Rs 1,400-crore township in the third phase of Rajiv Gandhi Infotech Park in Hinjewadi here. The project - Megapolis - comprises 5,800 flats, studio apartments and an IT special economic zone. Pegasus Properties, a 50:50 joint venture floated by the two firms, would develop the project ov Read more:Township
No title 2008-05-08 11:32:40 Pune-based real estate companies, the Avinash Bhosale group and Kumar Properties, have joined hands to set up a Rs 1,400-crore township in the third phase of Rajiv Gandhi Infotech Park in Hinjewadi here. The project - Megapolis - comprises 5,800 flats, studio apartments and an IT special economic zone. Pegasus Properties, a 50:50 joint venture floated by the two firms, would develop the project ov
In search of their roots…… 2008-05-06 07:03:49 Isn’t it a craving, a nagging feeling to know where you came from? Your ancestral lineage, your genetic compositions have a lot to do where you came from. No wonder, today people take pains to travel to an absolutely new country, new people, and new language just in search of their roots
.So is the case of Indians settled in Mauritius who are eager to explore their origin to their native land Bih
‘GO WEST’ IN INDIA – Gujarat the new hot spot for Non Resident Gujarati investors ! 2008-05-05 03:52:28 There is a saying that you will find a Chinese and Gujarat
i in every part of the world!! The hardworking community with great business acumen has been able to make a mark for itself the world over. Today, the homeland beckons them! They want to be part of this development wave happening in India. The reasons are both emotional as well as economical, which is why they are one of the most sought aft Read more:Resident
Designer Flats with Golf Courses– Fuelling the real estate boom in India 2008-05-05 03:43:49 Last year, we heard a lot about ‘Designer
Homes/Flats
’ designed by leading designers of the country, best looks, best amenities, green belt et all. Now, builders have moved to next step – Townships and Building Projects with plush and lush green Golf courses! Townships with only designer interiors and world-class architecture are passé. Developers are now turning to golf to attract non-resi Read more:India
Is the Indian Economy actually robust ??? 2008-05-02 01:16:52 Under attack for rising prices, Indian Prime Minister on Tuesday sought political consensus and help from the industry to fight inflation, which he said was largely due to global oil and food prices. Terming inflation as the immediate challenge, mainly caused by spurt in international oil and food prices, he said: "Global response to the problem has not been adequate" and wanted India too to be pa
KPMG's new study - Realty space to gain from real estate MFs 2008-05-02 01:08:44 The Indian real estate sector, currently facing strong headwind due to the credit turmoil as well as high inflation, is set to get a breather from the market regulator SEBI's move to allow Real Estate Mutual Funds, says global consultancy giant KPMG. At present, not much equity funding is available to projects below 50 thousand square meters of built up area or 25 acres and there is hardly any dom Read more:Realty
Real Estate Mutual Funds - What's in it for YOU? 2008-05-01 10:28:44 First let us understand what real estate/property funds are all about. It works towards a common cause – maximizing returns for the investor. Like mutual funds, real estate funds are founded by a group of real estate professionals/experts to ‘manage’ property/real estate for the investor. The real estate mutual fund industry in the US has evolved in to a concept called the REIT, the Real Est Read more:Estate
, Real Estate
, Mutual
, Funds
, Mutual Funds
Ahmadinejad visit to India - Iran/India Ties 2008-04-29 05:24:23 Let's discuss what is being read into Iran's President Mahmoud Ahmadinejad
lightning visit
mainly for discussion on resuming talks about gas supplies as energy-starved India
searches for new fuel sources. India in 2005 signed another deal with Iran, which has the world's second largest known gas reserves after Russia, for the supply of five million tonnes of gas per year for 25 years.But that agre
RBI forecasts economic growth at 8-8.5 pc 2008-04-29 05:06:28 The Reserve Bank of India (RBI) said on Tuesday it was raising its cash reserve ratio by 25 basis points to 8.25 per cent with effect from May 24 to control inflation-stoking cash in the system but kept all other official rates unchanged. It forecast economic growth of 8 to 8.5 per cent in the fiscal year that began this month, after an estimated 8.7 per cent in 2007/08, and aimed for inflation of
Canada - The latest NRI hub targeted by real estate industry in India 2008-04-28 00:42:27 Canada has been traditionally a favorite destination amongst India
ns for settling down abroad. The country offers great multicultural environment which definitely has attracted the hardworking Indians who toils hard to give his family a good and financially stable life.With current market situations and scenario, real estate developers in India are now offering more solution to market properties t Read more:Canada
, industry
A unique phenomenon - Indians buying homes in world’s expensive cities 2008-06-09 03:31:24 Current scene – Gas prices going up, LPG (Liquefied Petroleum Gas for home cooking ) going up, basic food prices going up, overall cost of living going up. What’s the immediate impact – slow down in investments, slow down in buying real estate, slow down in buying luxury items…..However one witnesses a very interesting phenomenon – Indians
going out of India and buying homes in few of wo Read more:unique
Harvard Business School real-estate program starting June 17th 2008-06-11 06:51:40 So after Lalu Prasad Yadav, its now turn of Indian real estate industry to be on radar of HarvardBusinessSchool
. This summer HBS bring real estate program in India... The South Asia Real Estate Seminar runs from June 17 to June 20 in Hyderabad and costs just under $7,300. It will focus on South Asian real estate and will feature a lecture by Noel Tata, the managing director of Trent, the compan Read more:Harvard Business
Will Indian companies still score ? 2008-06-11 04:40:29 With rising prices, stock market crash, rupee depreciating and oil prices hitting the roof, Indian growth story has definitely hit a road block. Foreign investments worth $3 billion were withdrawn from stock market in Q1, recent crash is no encouragement either. However, wasn’t it an expected phenomenon? The success story has been continuing over last 5 years with growth rate an envy of all the
Emerging Markets remain hot favorite in real estate sector 2008-06-12 11:59:32 Western housing going through a tough time or not, real estate continues to be hot in countries with emerging economies. The global credit crunch sent property prices reeling in developed markets from the United States to Spain, but it appears to have done little to slow the real estate sector
in places like Brazil and Russia, countries still thriving on a commodities boom and increased access to Read more:Markets
Gurgaon wooing Overseas Citizens of India 2008-06-12 07:33:47 To bring parity between NRIs and OCIs Gurgaon district administration announced it would issue India
n driving licenses to Overseas Citizens
of India (OCIs)Children of OCIs can also be enrolled in any educational institution here, just like NRI children are. Foreign nationals are denied this option, and their children can only study in international schools, or study in approved universities under
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