Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Banks Turn Down RBI’s Suggestion on Cheaper Home Loans to Existing Customers

Posted: 10 Feb 2010 11:15 PM PST

Amid a debate over teaser rates, bankers are believed to have turned down the RBI’s suggestion to extend the cheaper home loans to existing customers saying that the move will impact their bottom lines. Banks, led by State Bank of India, under special schemes offer home loans at lower interest (teaser) rates to the new [...]

ABN Amro India to Downsize Staff from its Retail Loan Business

Posted: 10 Feb 2010 11:14 PM PST

ABN Amro India, owned by the troubled UK's Royal Bank of Scotland, may lay off about 70 employees in its retail loans business, as the British bank continues to sell off assets to focus in its home market after getting a government bail out during the credit crisis, people familiar with the matter said. The [...]

Red Fort Capital Confirms Investment of $1bn in Real Estate Projects

Posted: 10 Feb 2010 10:35 PM PST

Real estate private equity firm Red Fort Capital today said it will invest up to $1 billion (around Rs 4,800 crore) in the next three years on various projects, including acquiring promoters’ stake in some major realty developers in India. “We are accelerating our investment programme very significantly amongst major metros and asset class. We [...]

Home Buyers Preferring Tier I Cities for Residential Investment

Posted: 10 Feb 2010 10:33 PM PST

Prospective home buyers need to look at certain drivers of accessibility, infrastructure and location viability in a city to earn a profitable return on investment. After the global economic downturn, buyers are now being more cautious about their real estate investment decisions. Locations which show affordability and future capital appreciation potential are preferred. According to [...]

SEZ at Dahej Expected to Attract an Investment of around Rs 30,000 to Rs 35,000 crore

Posted: 10 Feb 2010 09:47 PM PST

The Special Economic Zone at Dahej is expected to attract an investment of around Rs 30,000 to Rs 35,000 crore, chief executive officer of Dahej SEZ R J Shah said. The Dahej SEZ is shaping well. Land has been allotted to 32 industries there, of which 10 are in advance stage of development, he said. [...]

Property Prices in Dubai Dropping Drastically

Posted: 10 Feb 2010 08:35 PM PST

Property rates in Dubai are on a falling spree. Investors will have to wait 7-10 years for better returns, says an expert. Property prices in Dubai are dropping drastically. They may further decline by about 30%, says an expert. Real-estate investors will have to wait for 7-10 years to receive good returns. "There is an [...]

Real Estate Revival can Boost Connected Industries

Posted: 10 Feb 2010 06:41 PM PST

When major sectors in the economy do well, it augurs well for several ancillary industries that depend on them. A case in point is the Rs 5,500-crore Indian glass industry, which has shown good growth in the past few quarters driven by an uptick in demand from user-industries such as infrastructure, construction, automobiles, food processing, [...]

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