The level of FDI in the real estate sector is unlikely to show a quantum jump this year, courtesy a slow GDP growth rate, high debt levels of the real estate developers, labour shortage and economic crisis in the US and Europe.
Less launches, pragmatic marketing, innovative packages, product bundling and online brand promotion, the real estate developers in Mumbai are leaving no stone unturned to beat the inflationary pressure.
Realty fund manager Azure Capital Advisors will start raising around Rs.200 crore to invest in residential projects in the southern and western parts of the country from next week.
Mumbai-based Godrej Properties Ltd has entered into an agreement with associate company Godrej and Boyce (G&B) for the development of the latter’s large land holdings in the eastern part of Mumbai.
Housing supply is estimated to fall short of demand by 1.3 million units in seven major cities of the country during the next five years, according to a report.
The current global scenario might be one of gloom, with markets in the US and in Europe on the brink of a double dip recession, but interest in Indian real estate is still high among global investors
India received foreign direct investment (FDI) worth $2.83 billion in August, an over two-fold jump compared to that in the same month last year, an official said on Monday.
Singapore-based Ascott Group, which operates serviced residences across the world, is finally opening its doors to India.
The festivities around Navratra and Diwali are known to cheer up the sentiments of the property market.
While many of the Indian cities are reeling under the apprehension of slowdown with sales nosediving, Pune real estate has defied any such apprehensions.