There has been a substantial decline in foreign direct investments (FDI) in high-growth potential sectors like housing and real estate, construction activities and telecommunications in 2010-11.
The ruling of Competition Commission of India (CCI) against the market leader DLF seems to have not only sparked a debate within the real sector, but has also united them.
Confederation of Real Estate Developers’ Associations of India (CREDAI) Pune has opened e-PROFEST 2011, Pune’s Virtual Realty Fair.
In Mumbai sales registrations for July 2011 are down 31% to 5,047 as against 6,500 in July 2010, pointing to the continuing downtrend, said real estate analysts for Prabhudas Lilladher.
Pune real estate is poised for growth both in residential and retail segment. While the demand-supply gap indicates that residential prices may go up, the retail segment of the city is also showing strong signs of revival.
The prices of properties in India will increase by five to six times in the next five years, said Deputy Minister in the Prime Minister’s Department Datuk SK Devamany today.
The country’s competition regulator is planning to initiate an investigation next week to find whether the practices for which it fined DLF Rs.630 crore on Tuesday are the norm at other real estate companies too.
Nearly one lakh homebuyers are on the edge, as the Allahabad High Court (HC) is to begin hearing of all land acquisition cases of Noida Extension on Wednesday, August 17.
The net profit in the June quarter is down for all major listed real estate companies is a matter of worry for the sector in general.
Asia is home to some of the world’s most expensive real estate and the Asian city, Hong Kong holds the leadership on this index since 2005.