Growing eurozone crisis affecting Indian realty
Growing eurozone crisis is all set to affect the Indian real estate. It may sound like drawing a parallel between Indian office space prices and what’s happening in North America and Europe.
Growing eurozone crisis is all set to affect the Indian real estate. It may sound like drawing a parallel between Indian office space prices and what’s happening in North America and Europe.
CREDAI has opposed the proposed Land Acquisition and Rehabilitation & Resettlement (R&R) Bill, and said with proposed R&R to the farmers the construction industry would become an unviable proposition.
RICS has released its research report ‘Real Estate and Construction Professionals in India by 2020’.
Textiles’ major Alok Industries is looking for a Rs.900-1,000 crore deal; discussions with global realty funds, however, is stuck as slowdown upsets valuation matching.
Indian commercial property market has lost momentum in Q3 with the capital values turning negative for the first time since 2009.
India and China have been forever up for comparison in the past. There has been no end to the debates on which of the two economies out-performs the other, and China seems to have emerged as the default favourite for any number of reasons.
The impact of slowdown is already being felt on the real estate market with residential segment witnessing sluggish demand across all the major cities.
While other leading players in the realty and construction are reeling under investors’ loss of confidence, JP Infra’s stock has zoomed by over 40 per cent from Rs.44.50 exactly a month ago to Rs.63.05 on the BSE, outpacing peers.
The festival of Diwali has a direct bearing on the property market, and irrespective of the overall macro economic scenario the property transactions around this time of the year have been the maximum.
EMAAR MGF has bagged the “Prashansa Patra” award 2010 from the National Safety Council of India for its Boulder Hills, Excelsior Residential Project, a 7 acre high-rise project in Hyderabad.