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Corporate Entities finding it Difficult to Afford Commercial Property in Mumbai: Reports Knight Frank

Posted: 08 May 2011 09:43 PM PDT

The pricing of land in the city has always been beyond the means of the man on the street. But a recent report by a real estate research firm shows that even big corporate entities are finding it increasingly difficult to rent or buy space in the financial capital. According to Knight Frank, the sale [...]

11% Dip in FDI Inflow in March

Posted: 08 May 2011 09:17 PM PDT

Foreign direct investment (FDI) in India declined for the third consecutive month in March, dipping by 11 per cent year-on-year to $ 1.07 billion in the backdrop of financial turmoil in Europe. The country received $ 1.2 billion in FDI in the corresponding period last year. During the fiscal 2010—11, the inflows declined by 25 [...]

Govt may End One-sided Contract in Real Estate and Other Sectors

Posted: 08 May 2011 09:09 PM PDT

Soon, your telecom operator, bank or real estate developer may not be able to get away with one-sided contracts. The government is set to revamp the Consumer Protection Act, 1986 to provide for acting against unfair terms in contracts which are skewed heavily in favour of service providers or manufacturers. Government officials said discussions are [...]

Delhi Based Research Firm PE Analytics to Launch Real Estate Price index

Posted: 08 May 2011 09:00 PM PDT

New Delhi-based research firm PE Analytics has drawn up plans to launch a real estate price index in partnership with a leading commodity exchange. P E Analytics owns and operates PropEquity, an online subscription-based real estate data and analytics portal covering over 27,000 projects of 5,100 developers across 40 cities in India. The data and analytics [...]

Godrej Properties Posts Net Profit of Rs 59cr for Q4

Posted: 08 May 2011 08:44 PM PDT

Leading real estate developer, Godrej Properties Limited (GPL), posted a net profit of Rs59 crore, a marginal increase of 3%, in the quarter ended March 31 on the back of new bookings and new projects. The overall sales of the company grew to Rs334 crore, in fourth quarter (January-March), up 9%, from Rs306 crore in [...]

Economic Growth will Benefit Indian Real Estate and Retail sector in Years to come

Posted: 08 May 2011 08:07 PM PDT

Despite the continuing turbulence and uncertainty in other parts of the globe, two economies – India and China – will continue to grow at an annual rate of 8-10%. In fact, by 2020 India will become the 3rd largest economy after China and the US. What will give India's economy such an edge over the [...]

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