Property News from IndianRealtyNews

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• No Change in Home Loan Rates for Now
• Chennai-based Oriental Hotels Ltd Plans Expansion
• Sobha Developers Reports Whopping 170 per cent Hike in Q1 Net Profit

No Change in Home Loan Rates for Now Posted: 30 Jul 2010 12:20 AM PDT Retail bank customers need not worry about any rise in the equated monthly installments (EMIs) on their home loans with banks expected to absorb the rate hikes by Reserve Bank of India. The special home loan rates of banks will continue for now. OP Bhatt, chairman and managing director of State Bank of India, said [...]

Chennai-based Oriental Hotels Ltd Plans Expansion Posted: 30 Jul 2010 12:16 AM PDT Chennai-based Oriental Hotels Ltd is planning to expand its footprint by adding more hotels. The company will add two more properties to its existing eight in the next two years, when its total room inventory will be 1,250. Currently, the company’s eight properties are managed by Taj. The proposed properties in Coimbatore and Bangalore will [...]

Sobha Developers Reports Whopping 170 per cent Hike in Q1 Net Profit Posted: 30 Jul 2010 12:13 AM PDT Real estate firm Sobha Developers has reported a whopping 170 per cent jump in net profit for the first quarter of the current fiscal at Rs 34.3 crore, on the back of a 78 per cent increase in total income. The Bangalore-based firm had reported Rs 12.7 crore net profit during the quarter ended June, [...]

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NuWire Investor Weekly 7/29/2010

		1,000+ Foreclosure Auctions Nationwide. Nominal Opening Bids from $1,000. Find your next investment property. Bid online or on site. Get Details >> Opportunities   ◊ Yucatan Beachfront Under $65k ◊ Turn-key Investment Properties ◊ Unsecured Business Loans ◊ Forex Day Trading System   Recent Blog Posts   ◊ Positive Numbers For Home Prices May Be Short Lived ◊ Is The Treasury Lying About HAMP Numbers? ◊ Has Obama Given Up On Economic Stimulus? ◊ Poor Monetary Policy Increases Value Of Gold   Other  Articles   ◊ Both Parties Planning Out Strategy For Bush Tax Cuts ◊ Homebuyers Are Lowering Offers ◊ Mortgage Rates Declining ◊ Multifamily Property Sales Increasing
July 29, 2010
Featured Articles Worrisome Signs Remain For Housing Market Home prices are up in two leading economic indicators today, but instead of reacting positively, the housing industry remains. ..read more Documentary Makes The Case For Hyperinflation Creators of the National Inflation Association as well as the documentary Meltup, Dan and Gerard Adams are on a mission to ...read more   Find out How to Generate Investment Returns of 14% to 26% - Paid Monthly. CLICK HERE to Download this Free Report.
More Boomers Choosing Start-ups Over Retirement Coming soon, brought to you by the wave of 76 million Baby Boomers  entering their Golden Years: business start-ups instead of retirement. .. read more Houston Real Estate Impacted By Oil Spill  The temporary cap on the Deepwater Horizon oil rig may be preventing more oil from filling the Gulf of Mexico, but mortgage ...read more June Property Purchases Exceeded Expectations Sales of new single-family houses in June 2010 rose to a seasonally adjusted annual rate of 330,000, up from historic lows in May...read more
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Property News from IndianRealtyNews

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• Property Market in Developing Economies Outperform Europe, UK and US
• DLF Records 3.78% Rise in Consolidated Net Profit
• RBI to Consider Prudential Provisioning in November

Property Market in Developing Economies Outperform Europe, UK and US Posted: 28 Jul 2010 08:45 PM PDT Property markets in the more dynamic economies of South America, Asia and Eastern Europe are outperforming those in the United Kingdom and Eurozone, according to the RICS Global Commercial Property Survey for the second quarter. The Survey suggests that real estate performance in the United States has shown a marked improvement while in Latin America [...]

DLF Records 3.78% Rise in Consolidated Net Profit Posted: 28 Jul 2010 08:42 PM PDT Aided by higher sales realisation, India’s largest real estate company DLF Ltd on Wednesday recorded a 3.78 per cent increase in its consolidated net profit for first quarter of the current fiscal at Rs 411 crore. The net profit was Rs 396 crore in the year ago period. According to a DLF statement, the sales [...]

RBI to Consider Prudential Provisioning in November Posted: 28 Jul 2010 08:39 PM PDT Subir Gokarn, deputy governor of the Reserve Bank of India, spoke with DNA on the state of monetary affairs. He said he doesn't see a realty bubble now, but the central bank will consider prudential provisioning in November - though it does not rule out an early clampdown if the situation rises. We are back [...]

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Property News from IndianRealtyNews

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• FKCCI Opposes FDI in Retail
• Mid-Cap Real Estate Firms Expected to Post Mixed Trend in June quarter
• DLF, Unitech, Emaar & Ansal Gearing up to Launch Plush Homes
• Real Estate Regulation Act can Increase Housing Prices by Rs 300 per sq ft- CREDAI
• Mahindra and Mahindra’s Real Estate Arm Clocks 39 Pc Rise in Net Profit
• Credai Plans Action against Proposed Goods and Services Tax
• Upswing seen in Demand of Luxury Homes Signals

FKCCI Opposes FDI in Retail Posted: 28 Jul 2010 12:14 AM PDT The blood of 160 million Indian families will be on the Centre's hands if it allows foreign direct investment (FDI) in the multi-brand Indian retail market, corporate consultant and economist S Gurumurthy has said. Addressing the Federation of Karnataka Chamber of Commerce and Industry (FKCCI) on the dangers of FDI in retail market at a [...]

Mid-Cap Real Estate Firms Expected to Post Mixed Trend in June quarter Posted: 28 Jul 2010 12:10 AM PDT Mid-cap real estate firms are expected to post a mixed trend as spiraling prices hit affordability and new launches tapered in the April-June quarter. A Reuters’ poll of brokerages estimates Anant Raj Industries to post a 47.79 percent fall in net profit, Housing Development and Infrastructure a 49.26 percent rise and IndiaBulls Real Estate a [...]

DLF, Unitech, Emaar & Ansal Gearing up to Launch Plush Homes Posted: 28 Jul 2010 12:04 AM PDT Yet another piece of the real estate market appears to be getting back in shape. After realtors focused on the affordable housing space, where demand remained reasonable when market prices crashed two years ago, they are now launching luxury homes as the segment is witnessing early signals of an upswing in demand. Sensing this turnaround, [...]

Real Estate Regulation Act can Increase Housing Prices by Rs 300 per sq ft- CREDAI Posted: 27 Jul 2010 11:57 PM PDT The Confederation of Real Estate Developers’ Associations of India has expressed reservations about the proposed Model Real Estate (Regulation of Development) Act in its present form, saying it could lead to an escalation of prices of housing stock in the country by Rs 300 per sq ft. The bill would be placed before Parliament soon. [...]

Mahindra and Mahindra’s Real Estate Arm Clocks 39 Pc Rise in Net Profit Posted: 27 Jul 2010 06:12 AM PDT Mahindra and Mahindra’s real estate development arm, Mahindra Lifespaces, clocked a 39 per cent rise in net profits to Rs 14.48-crore in Q1 of FY 11, driven largely by good performance in the residential segment. The company’s net profit in the corresponding period last year was Rs 10.42-crore. The operating income of the company also [...]

Credai Plans Action against Proposed Goods and Services Tax Posted: 27 Jul 2010 06:09 AM PDT Real estate developers apex body Confederation of Real Estate Developers' Association of India (Credai) plans to file a case against the proposed Goods and Services Tax (GST). "Currently we are collecting it from our customers which we don't want to. Soon we will file a case at the national level,'' the Credai National Vice-President, Mr Prakash [...]

Upswing seen in Demand of Luxury Homes Signals Posted: 27 Jul 2010 06:07 AM PDT Yet another piece of the real estate market appears to be getting back in shape. After realtors focused on the affordable housing space, where demand remained reasonable when market prices crashed two years ago, they are now launching luxury homes as the segment is witnessing early signals of an upswing in demand. Sensing this turnaround, [...]

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