HDFC, one of the leading home-loans lenders has observed that the prices of residential realty which were hitting the peak levels are now undergoing pre-slowdown. Deepak Parekh, the Chairman of HDFC said that there is an improvement in the economic condition and therefore, developers have started charging premiums. Due to the land prices touching sky, […]
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Also tagged active markets, bangalore suburb, Developers, Downfall, economic condition, Home Loans, India, Lenders, Ncr, noida, peak levels, premiums, Price Hike, Real Estate prices, Residential Real Estate, Residential Realty, sky
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The real estate consultants Knight Frank India said that apart from some localities of Delhi and Mumbai, the retail rentals in other locations will be sluggish for next two years. Although the number of malls and shop space has tremendously increased, the retail still lags behind commercial and residential property. “Although the outlook looks interesting, […]
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Also tagged Bangalore, caution, chief executive, growth strategies, India, Knight Frank, localities, Malls, Mumbai, Ncr, occupancy rate, Pune, Real Estate Consultants, Residential Property, shop space, sushil
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January 2, 2009 – 7:37 am
With an aim of reversing the slowdown, Urban Development Minister Jaipal Reddy has sought an additional package for the real estate sector. In a letter to the Prime Minister, Reddy has stated that “more needs to be done to reverse the slowdown facing the sector”. Suggesting a slew of measures, Reddy has submitted a note […]
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Also tagged Development Minister, Economic Growth, Employment Generation, Global Meltdown, Home Loan Interest, Home Loan Interest Rates, Jaipal Reddy, Liquidity, Loan Interest Rates, Rationalization, Real Estate Sector, Short Term Loans, Urban Development
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December 26, 2008 – 2:12 am
Government is planning another round of home loan package to make purchase of a house within the reach of middle class. PSB announced a home loan rate-cuts for homebuyers, a week ago. But, it was found that the package was far from expectations of both the public and developers. In that package, home loan up […]
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Also tagged Bangalore, Chennai, Corridors, Home Loan, Homebuyers, Hyderabad, Interest Rate, Loan Package, Ncr, Public Sector Banks, Sentiment, Sweetener, Tax Rebate
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November 16, 2008 – 11:54 pm
Expect the markets to take the Reserve Bank of India’s (RBI) persuasive moves on Saturday to direct lending to real estate sector with a pound of salt. The simple point being, when current loans are under distress, why will banks lend more to realtors in times of accelerating slowdown? Also, all the measures announced are […]
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Also tagged Bank Of India, Banks, Bonanzas, Capital Values, Electricity Bills, Festive Season, Free Cars, Gold Coins, Home Loan Interest, Home Loan Interest Rates, Loan Interest Rates, Loans, Market Meltdown, Market Mood, Measures, Moderate Level, Property Boom, Property Developers, Real Estate Sector, Realtors, Reserve Bank Of India, Risk Weights, Rupee Exchange Rate, Stamp Duty, Worldwide Financial Crisis
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November 3, 2008 – 1:21 am
The city is unlikely to see any new housing project coming up soon as the screws turn on the property market. Last month, Mumbai’s leading developers met and discussed the possibility of not launching new residential projects considering the slowdown, sources said. “New projects are not viable, sales are slow and buyers are sitting on […]
October 31, 2008 – 12:17 am
The much-hyped slum rehabilitation authority (SRA) scheme of the Maharashtra government is in doldrums. This follows a steep slump in the real estate market. One of the biggest players in SRA schemes said, “I have decided to pull out completely. It just doesn’t make sense to get involved in these schemes anymore.” With many SRA […]
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Also tagged Downslide, Fsi, Housing Loans, Maharashtra Government, Occupants, Purchaser, Rane, Reluctance, Shrikant, Slum Rehabilitation Authority, Slump, Slums, State government, Transit Camps
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October 2, 2008 – 11:40 pm
New housing project launches in the national capital region (NCR) slumped by 20% during January-June 2008. This is explained by the slowdown in demand due to appreciation in real estate prices and rising interest rates for borrowers. The first half of this year also saw a marked shift in developers’ strategy towards mid-income houses, as […]
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Also tagged Absorption, Borrowers, Cagr, Developers, Estate Projects, Housing Project, Housing Units, Income Housing, National Capital Region, Ncr, Property Consultancy Firm, Real Estate prices, Residential Supply, Resistance, Rising Interest Rates, Segment, Slower Pace
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September 4, 2008 – 4:55 am
Affected by slowdown and reported corrections in prices, the country’s real estate industry predict growth in the long term despite costly home loans and lack of funding for realty projects. According to a most recent study by Ernst & Young and FICCI on the country’s real estate scenario, about 62% of the respondent developers expected […]
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Also tagged Affordable Housing, Consensus, Current Projects, Delivery Mechanisms, End Users, Ficci, Geographies, Home Loans, Hospitality Industries, Investment Activity, Land Values, Mid Term, Mixed Reactions, Real Estate, Real Estate Sector, S Real Estate, Valuations
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August 21, 2008 – 5:09 am
Realty slowdown is delaying delivery of homes. Several developers have postponed execution of their housing projects as funds become scarce, demand softens and raw material prices rise. While some others are deliberately delaying projects in order to reduce supply as demand weakens. Several projects across the country are getting delayed as developers aren’t able to […]
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Also tagged Buyers Realty, Constraint, Construction Work, Cost Of Debt, Cushman, Delaying Execution, Dream Homes, Gaursons, Government Sanction, High Interest Rates, Housing Projects, Housing Units, Manoj, Raw Material Prices, S Central, Sanjay, Unavailability, Wakefield, Work Projects
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With companies, particularly in the IT and BPO industry, holding back their expansion plans due to slowdown fears, the commercial real estate market posted a lackluster show in the 2nd quarter of 2008. The June quarter saw office space demand lagging far behind the supply levels of 18.07 million sq. ft. across major cities, as […]
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Also tagged Central Business District, Chennai, Commercial Real Estate, Cushman, Cushman & Wakefield, Excess Supply, Ncr, noida, Office Space, Rajiv Gandhi, Rental Values, Space Market, Wakefield
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A number of Lucknow-based small builders are facing crunch due to the rise in inflation and increase in the interest rate by banks. After the real estate boom the city witnessed, a number of such builders joined the bandwagon. Moreover, they invested heavily in the projects. However, due to the recent downturn, they are forced […]
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Also tagged Bandwagon, Constructions, Depreciation, Downfall, High Interest Rates, lucknow, Property Values, Raw Material, Real Estate Boom, Residential Properties, Steel Prices
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Leading home loan lender ICICI Bank said that growth in the real estate sector has been impacted due to high interest rates and prices but maintained that there was no asset bubble in the sector. ICICI Bank Joint Managing Director Chanda Kochhar said, “Clearly there is a slowdown in the number of deals …interest rates […]
Property is a lifetime investment. When a person makes decision to buy a house, he/she thinks for the market price of that locality and the existing rate trend. If we talk about the scenario these days, sales of real estate have crashed but prices have not come down considerably. Further downside is projected which will […]
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Also tagged Boom, Downside, Economy., Gdp, Growth Rate, Interest Rates, Investment, Loan, Locality, Long Term Investment, Low Interest Rates, Real Estate Sector, Sentiment
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