When the Reserve bank of India was announcing the CRR rate cut by 50 base points, the house wife Sugnadha Dubey, glued to TV news channels, couldn’t resist the temptation to call up her husband to know whether the EMI burden on this middle class home owner is going to ease out from next month. With no background of the world of financial jargon, her husband could only assure her with a wishful thinking.
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The Mumbai-based Godrej Properties has announced the launch of Godrej Alpine, a residential project offering world class facilities and contemporary design.
The Confederation of Real Estate Developers’ Associations of India (CREDAI), Gujarat organised a seven-day technical tour for its members in mid-January. The 60-member delegation, that included developers from Ahmedabad, Mehsana, Rajkot, Surat, Palanpur, Navsari, Unjha, Bharuch and other centres, visited Israel, Jordan and Oman.
The Reserve Bank of India (RBI) on Friday came hard on banks for overstating realisable value of real estate properties they finance by including charges such as stamp duty and other levies.
Mumbai’s residential home sales dropped to a three-year low in the quarter ended December as record home prices and higher interest rates crimped demand, according to Liases Foras Real Estate Rating & Research Pvt.
As far as IPOs are concerned, out of the 132 IPOs lined up, the largest number -15 -are from the real estate sector.
The real estate sector has welcomed the CRR rate cut by the RBI and said it will help revive demand in the housing segment.
The Estate Agents’ Association of Pune (EAAP) has released the seventh edition of `EAAP Directory’ 2012-16.
It is not just strange, it is ironic. When the facts and indications are all misleading, investor in the Indian market have no choice but to keep the fingers crossed and it is precisely the reason what is hurting the realty stocks, finds Track2Realty.
Analysts are worried and do not see a rosy picture ahead in 2012. According to them real estate companies planning IPOs in 2012 may experience a lack of enthusiasm on the part of investors.