Foreign direct investment (FDI) in the real-estate sector last year was the lowest in four years, but private equity activity gained momentum during the recent months, according to a study by an Indian industry chamber and a global accountancy firm.
Real estate developers have called upon potential buyers in Doha to take advantage of recessionary trends in the global economy and make investments in the real estate sector of growing economies like India.
DLF has sold a 28-acre plot in Gurgaon to M3M India for Rs.440 crore, in the first among many such big-ticket sales it has lined up this fiscal to bring down mounting debt.
Both the economy and the residential property sector are currently in a state of uncertainty. This has resulted in a rather prolonged period of vacillation and hesitancy among home buyers in India.
A study by international property consultants Knight Frank finds real estate prices in India have risen by 21.3 per cent over the past one year, making it the country with the second highest rise in real estate prices globally.
The Carlyle Group on Thursday, August 25, said it has invested $26 million in Value & Budget Housing Corporation, the Bangalore-based low-cost housing developer promoted by former Mphasis Chairman Jaithirth Rao.
New building technology created by International Steel Structures (ISS), is ready to help reduce India’s housing shortage by being able to provide housing units with structural integrity in a matter of days from production.
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 Mumbai commercial property market has displayed resilience in the recent past.
The missing files of Aldeia de Goa throws open serious doubts on the Government authorities.