Latest Realty News

Inflation, rupee, sliding growth hit commercial property market
Dec 11, 2013
MUMBAI: Sentiment in the Indian occupier and investment real estate markets has been hit on account of deteriorating levels of growth in the economy, continuous fall in the rupee value, high retail inflation and subsequent rise in key policy rates, according to the RICS India Commercial Property Survey Q3 2013.
Morgan Stanley arm shelves project with Wadhwa Group
Sep 27, 2013
MUMBAI: Morgan Stanley Real Estate Fund was working on the structured finance deal with Mumbai based Wadhwa Group since January to invest in the latter's 1.6 million square feet office project in Bandra-Kurla Complex. Construction on the project, called ONE BKC, is due to be completed in the next 12-15 months.
NRIs keen to invest in real estate in India, says developer
Sep 22, 2013
LONDON/MUMBAI: As a sequel to recent depreciation in the rupee, Non-Resident Indians from around the globe have evinced interest to invest in real estate in India, a Mumbai-based real estate developer has said.
Realty developers unhappy over rate hike by RBI
Sep 21, 2013
NEW DELHI: Expressing disappointment over RBI's decision to hike the key policy rate, real estate developers said this would lead to increase in finance cost and also affect housing demand during the festive season.
New RBI chief Raghuram Rajan springs a surprise; home, auto loans set to cost more
Sep 21, 2013
MUMBAI: All eyes were on the new Reserve Bank of India governor Raghuram Rajan and his first monetary policy review two days after his US counterpart, Federal Reserve chairman Ben Bernanke, on Wednesday sprung a very pleasant surprise on global markets by not rolling back the Fed's stimulus package. An overwhelming majority of economists and market analysts forecast Rajan wouldn't touch interest rates; a hopeful minority ventured he would cut rates to boost consumer demand and economic growth.
In sign of downturn, Indian retail landlords finally capitulate on price
Sep 21, 2013
MUMBAI: In a capitulation that speaks to the depth of the slump in India's economy, usually tight-fisted retail landlords have become uncharacteristically flexible on rents, as Lacoste India CEO Rajesh Jain knows well.
Buying property: NRIs ride the rupee slide
Sep 14, 2013
MUMBAI: Now is the time for developers to offer incentives to attract customers, particularly non-resident Indians. A senior executive at a housing finance institution says it is working on organising a property event targeting NRIs.
Slowdown in real estate forces builders to cut prices and dole out freebies
Sep 02, 2013
DELHI: There are no takers for close to 6 lakh homes in the country, forcing builders to cut prices and dole out freebies, which many hope will herald the much-awaited correction in the home market ahead of the festival season.
Realty players use social media to tap Net-savvy NRIs
Sep 02, 2013
DELHI: The depreciating rupee has turned out to be a blessing in disguise for big-ticket properties across India. With properties almost 30 per cent cheaper for non resident Indians (NRIs), real estate majors have stepped up their efforts, hitch hiking on social media and marketing premium deals to net-savvy NRI customers.
Falling rupee: No worries for high-end property developers
Aug 26, 2013
MUMBAI: The depreciating rupee is still no cause of concern for domestic developers of high-end residential and commercial spaces who import over $10 billion of material and services annually.
Provide incentives to affordable housing sector: Adi Godrej
Aug 25, 2013
KOCHI: Godrej Group Chairman Adi Godrej today asked the Centre to provide incentives to the affordable housing sector as more thrust needs to be given to this segment.
Realtors call for urgent implementation of REITs
Aug 25, 2013
MUMBAI: With investor sentiment waning and the rupee plunging to new lows everyday, there is an urgent need for implementing the real estate investment trusts (REITs) to ensure more liquidity in the sector, say experts.
Builders hope to ride on rupee depreciation crisis
Aug 24, 2013
MANGALORE: The real estate and construction industries that are reeling under a crisis following Saudi Arabia's Nitaqat programme is hoping that the current depreciation of rupee against dollar will get them back on track.
Real estate body calls for use of 'Made in India' materials
Aug 23, 2013
MUMBAI: Raising serious concerns on continuous weakening of rupee against dollar, real estate body NAREDCO today appealed to developers to cut down imports of building construction material and instead use domestically manufactured product.
RBI move to limit forex outflows could impact overseas property buys
Aug 17, 2013
HYDERABAD: The Reserve Bank of India's move to limit foreign exchange outflows from resident individuals is likely to impact Indians making investments abroad in property and education.
RBI move to limit forex outflows could impact overseas property buys
Aug 16, 2013
HYDERABAD: The Reserve Bank of India's move to limit foreign exchange outflows from resident individuals is likely to impact Indians making investments abroad in property and education.
DLF to cut debt by Rs 4,000 cr in FY'14 as targeted
Aug 04, 2013
DELHI: India's largest realty firm DLF will cut debt by about Rs 4,000 crore this fiscal as targeted even if the company is unable to close the USD 300 million deal to sell the luxury hotel chain Amanresorts.
Sobha Developers' Q1 sales bookings up 26 per cent at Rs 602 crore
Jul 21, 2013
DELHI: Sobha Developers' sales bookings rose by 26 per cent to Rs 602.8 crore in the April-June quarter of this fiscal, as the company sold more area at a higher price despite overall slowdown in housing demand.
Rupee depreciation may boost NRI investments in realty sector
Jun 29, 2013
MUMBAI: The depreciation in rupee provides a psychological boost to both non-resident Indians as well as developers, real estate consultancy firm Cushman & Wakefield said.
Weak rupee draws NRIs to Indian realty
Jun 22, 2013
DELHI: Rupee depreciation may be bad news for the Indian economy, but not so for the non-resident Indians scouting for property back home. Cashing in on the opportunity to buy residential units cheaper by up to 20%, NRIs are queueing up big time.
NRIs eye real estate to get bigger bang for weaker buck
Jun 17, 2013
HYDERABAD: Rupee depreciation has been a matter of concern for most segments. But there is one section, the non-resident Indian community, which is keen to make the most of this development to make investments in the real estate.

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