| Ahmedabad Gets over Recession, Rs 2500cr Property Sold this Fiscal Posted: 26 Mar 2010 12:20 AM PDT If the revenue collected by the state government as stamp duty on real estate transactions this fiscal is any indication, Ahmedabad realty has come out of recession. Figures for revenue collected as stamp duty indicate that, between April 1, 2009 and March 31, 2010, properties worth Rs25,000 crore were sold in Ahmedabad. Till February-end this [...] |
| Indian Ministry of Commerce and Industry to Showcase SEZ Success Story in Singapore Posted: 25 Mar 2010 10:15 PM PDT Notwithstanding the widespread protest against the proliferation of special economic zones (SEZs) in the country, the Ministry of Commerce and Industry is organising a seminar on the tax-free conclaves in Singapore tomorrow in order to rope in global investors. The SEZ policy of the country suffered a major setback with the global economic slowdown resulting [...] |
| 12-15% Rise Expected in Prime Property Prices in India Posted: 25 Mar 2010 10:14 PM PDT Giving a clear message to the potential real estate buyers on the need to act fast, a research done by leading global property consultancy firm, Knight Frank along with Citi Bank, has forecast that the prime property prices in India is likely to increase by 12-15% in 2010. The Wealth Report 2010 Attitudes Survey, pointed [...] |
| SBI to Continue its 8% Home Loan Scheme Even After 31st March 2010 Posted: 25 Mar 2010 10:02 PM PDT Season for teaser loans does not seem to have evanished at least for SBI. The bank is expected to continue with its 8% happy loan scheme even after 31st March 2010 till July. A formal announcement is however yet to be made regarding this issue. SBI chairperson Mr. O.P.Bhatt has said, “We still have time [...] |
| Increase seen in Residential Real Estate Demand- Jones Lang LaSalle Posted: 25 Mar 2010 09:55 PM PDT The Indian realty story is back on the growth path and has weathered the downturn. That’s the view of global real estate services firm Jones Lang LaSalle. "Growing upper middle class pushing residential spaces and in turn prices. Ulike last year, the US and EU have started taking some hard decisions and that is resulting [...] |
| Home Loan Interest rates May Rise Soon Posted: 25 Mar 2010 09:05 PM PDT The honeymoon for home and auto buyers is over. With the Reserve Bank of India (RBI) raising repo and reverse repo rates by 25 basis points last week, most expect that interest rates will now start moving up. RBI has indicated there could be further rises in the days to come. Its governor, D Subbarao, [...] |
| Family-Driven Real Estate Firms Thrive On Gut Feel Posted: 24 Mar 2010 09:55 PM PDT Real estate business in developing countries like India has more to do with gut feel. While spreadsheets chart corporate's path, family-run enterprises rely on instincts and seek to leverage contacts and relationships with regulatory organisations. But it is not a cakewalk for the next generations participating in the realty businesses started by their ancestors. The operational [...] |
