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 generate [...]
By Rajani
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Posted in Property News
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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 companies [...]
By manish
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Posted in Property News
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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 to sell [...]
By manish
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Posted in Property News
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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 have [...]
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 [...]
By Rajani
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Posted in Property News
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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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