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Friday, 12 March 2010 11:00
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Cut loan principal for borrowers whose homes are worth much less than their mortgages. Attack the problem of option adjustable rate mortgages. Cut down on red tape. Read more: |
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Friday, 12 March 2010 11:00
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Amidst media reports of guidelines for home loans that attempt to clamp down on teaser rates, the Indian Bank Association (IBA) has said that it has received no communication from the Reserve Bank of India (RBI), reports CNBC-TV18’s Gopika Gopakumar.
According to these speculative reports, customers will have to set aside 30-35% of their total home loan value. Senior officials at the IBA have affirmed that they have not received any communication from the RBI and that they would not dictate terms and conditions to banks.
The IBA is in fact not in a position to come out with guidelines on |
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Read more... [IBA Denies Communication with RBI on Home Loan Rates]
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Friday, 12 March 2010 11:00
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Foreign investors in real estate continue to repose their faith in US markets as they believe the country provides the best opportunity for capital appreciation, while India is among the top five emerging market in this space, a survey says. According to a survey conducted among the members of the Association of Foreign Investors in Real Estate (AFIRE) “In 2009, foreign investors in real estate say they remain committed to the US as their preferred real estate investment opportunity.”
The United Kingdom emerged as the second-best country for capital appreciation, receiving 30 per |
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Read more... [India among Top Five Emerging Market that Lures Foreign Real Estate Investment]
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Friday, 12 March 2010 11:00
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Small towns and emerging markets are fast-replacing Paris and New York as the hotspots for Indian fashion designers such as Anamika Khanna, Sabyasachi Mukherjee and Rajesh Pratap Singh. With the western world still struggling to come out of its worst recession in several decades, the fashion fraternity is now venturing into small cities and towns in India with cheaper offerings and targeting newer markets in Latin America and Asia. Many designers have opted out of international fashion weeks that charge exorbitant entry fees to focus funds towards what they see as emerging markets outside the |
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Read more... [Designers Focus Shifts to Tier-II Cities]
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Friday, 12 March 2010 11:00
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The recent Supreme Court ruling on the “forest land” matter has triggered a frenetic activity in the realty sector in some of the Mumbai’s prominent suburbs. Though the interim ruling on January 13 does not allow resuming construction, developers and even residents’ association are confident that the SC relief is a step towards regularisation of all “illegal” properties on about 250 acres, spread in suburbs of Mulund, Thane, Nahur and Bhandup.
Some developers, with around 45 major residential projects at stake, have interpreted the interim ruling as a green light to resume |
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Read more... [Real Estate Mumbai Firms Ride High on SC’s ‘forest land’ Ruling]
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Friday, 12 March 2010 11:00
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A city-based builder is all set to promote Chennai’s costliest apartment project, where each flat will be priced at Rs 8 crore and have a foyer studded with diamonds, precious stones and pearls. Christened ‘The Art’, the project derives its theme from the cubist paintings of the legendary Pablo Picasso. A limited-edition super luxury residential complex, it is being promoted by Vijay Shanthi Builders on Kothari Road in Nungambakkam.
The previous record for the most expensive residential apartment in the city was one promoted by Kgeyes developers in the posh Poes Garden at Rs 7.46 crore |
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Read more... [Builder Unveils Chennai’s Costliest Apartment Project]
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Friday, 12 March 2010 11:00
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With the economy coming back on the growth path, investment proposals by India Inc saw an increase of about 16 per cent to Rs 15.94 lakh crore in 2009, an Assocham study has said. “The robustness in corporate investment activity in India shows how competently the economy has managed to weather the storm of unprecedented global financial crisis,” Assocham secretary general DS Rawat said.
Total investment plans of Indian companies, which were surveyed by the industry chamber Assocham, increased significantly from Rs 13.80 lakh crore in 2008 to Rs 15.94 lakh crore in 2009 in sectors |
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Read more... [ASSOCHAM Study Suggests Growth of 16% in Domestic Investment]
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Friday, 12 March 2010 11:00
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Apart from biting cold weather of the capital, lack of enthusiasm among overseas Indians to buy properties in India has further dampened spirits of some of the realty firms, as well as around half a dozen banks, which put up impressive stalls outside the venue of the recently concluded Pravasi Bhartiya Divas (PBD) at Vigyan Bhavan. Of course, realty firms were trying to woo the ‘pravasis’ to buy their products while banks were ready to clear their home loans, then and there. But, both got a rude shock. In a way, it was a departure from earlier PBD meets when a large number of NRIs |
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Read more... [NRI Shock for Banks and Real Estate Firms]
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Friday, 12 March 2010 11:00
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Emaar MGF, a joint venture between Emaar of Dubai and MGF of India and a leading real estate development company, expanded its presence in Chennai with the launch of The Avenues on Tuesday. Wilson Mathews, Head, Sales (South), Emaar MGF, said ‘The Avenues’ was part of Esplanade, one of the largest residential projects (14 acres) at Tondiarpet in north Chennai. The ultra-modern 2 and 3 bedroom apartments ranging from 1,424 sq. ft to 1,715 sq. ft. at Esplanade (phase I) are nearing completion. Out of 16 towers in phase I, 12 are nearing completion and 300 apartments are being handed |
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Read more... [Emaar MGF Expands its Operations in Chennai]
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Friday, 12 March 2010 11:00
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PVR's DT deal hits roadblockEconomic Times“This information is wrong and baseless,” said the spokesman of the DLF, the country's largest real estate company that entered multiplex business in 2003. ...and more » Read more: |
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