MCHI announces Property 2011
Maharashtra Chamber of Housing Industry has announced ‘Property 2011’ their 18th Real Estate and Housing Finance Exhibition to be held to be held in Mumbai from April 14-17, 2011.
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The genesis and dynamics of mall management in India
Mall management is a huge movement in more developed and matured markets, especially where the mall culture has evolved significantly.
Commercial space demand in India to touch 160 mn sq ft by ’14
Demand for commercial office space across the seven major cities in India is estimated at around 160 mn sq ft by 2014, a latest study by real-estate services firm Cushman and Wakefield Research (CWR) said.
CREDAI urges single window clearance
The Confederation of Real Estate Developers’ Association of India (CREDAI) Friday urged the central government to introduce single window clearance and a uniform tax structure for the sector across the country.
CREDAI on Mission Transparency
Addressing a press conference on Thursday, the newly-elected members of CREDAI National said the mission would give the real estate industry and all activities connected to it a fair image.
Chennai needs 60,000 more houses
India’s housing shortfall is estimated to be around 27 million and Chennai city alone faces a deficit of 60,000 housing units.
Hotel Leela to invest Rs.100 crore in Goa
Hotel Leelaventure will invest Rs.100 crore to upgrade its property in Goa in 2011 and is looking to expand presence in the country by opening new company-owned properties and taking up management contracts.
Mortgage market handicapped by bad laws in India, says Global Property Guru
Indian buyers usually pay for apartments before construction has been completed. Many buyers do not take out mortgage loans (the ratio of housing loans to GDP is less than 5% in India).
India’s housing markets mixed, says Global Property Guide
Interest rate rises are beginning to bite in India, and housing markets in major cities weakened in 2010, says a report by the Global Property Guide.
Realtor may be barred for altering financial conditions
The finance ministry has asked the central bank to bar real estate firms from seeking banking licences and alter conditions relating to financial inclusion and stake dilution by promoters.