Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Govt Rules out Change in FDI Norms for Banks

Posted: 06 Apr 2010 03:37 AM PDT

Union Commerce and Industry Minister Anand Sharma on Monday ruled out making any changes in the foreign direct investment (FDI) norms for private banks, asserting that the present rules were doing well. Talking to media persons on the sidelines of a conference organised by the Associated Chambers of Commerce and Industry of India here, Mr. [...]

Delhi Emerges as Top Investment Hub in India

Posted: 06 Apr 2010 03:29 AM PDT

Over 34 per cent of the property seekers across the country want to own a house in Delhi-NCR. This has been revealed in a survey conducted by a website Makaan.com on 'Realty Trends 2010' in metros and tier II cities. As per the survey findings Delhi/NCR is the most preferred real estate investment destination in [...]

India Yet to Observe Peak Recovery in Real Estate

Posted: 05 Apr 2010 11:29 PM PDT

India's once booming real estate sector began slumping in late 2008, dragged down by the global financial meltdown, but property prices began inching up last year driven by low interest rates and a gradual recovery in the economy. Still, the prices are no where close to the peak seen in 2007. Analysts agree the sector is [...]

Debt Posing a Major Hindrance in Real Estate Growth

Posted: 05 Apr 2010 10:13 PM PDT

A pile of debt amassed during their halcyon days of growth is crimping a full-out revival of realty companies savouring a sharp uptick in demand after a long spell of duress. The central bank has estimated that real estate firms have built a total debt of up to Rs 75,000 crore and must pay at [...]

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