Don’t wait for the right time to buy a house expecting a price correction, say seven out of ten home buyers who are on house hunting. Contrary to the price correction reports, the property search of prospective buyers and sellers across the country have convinced them that cheaper house in 2011 are a fancy and wishful thinking. At least those who have done their home work on property search are pretty sure about it.
As world business and political leaders today convene at the World Economic Forum Annual Meeting 2011 in Davos, Switzerland, Jones Lang LaSalle Chief Executive Officer Colin Dyer is speaking on four commercial real estate trends that are emerging as dominant forces supporting the global economic recovery in 2011.
Vigneshwara Developers is developing a ten-acre business-cum-technology park for the Haryana State Industrial & Infrastructure Development Corporation (HSIIDC) within the 150-acre technology corridor at Manesar in Gurgaon.
Atul Modak, City Head of Kohinoor Group of companies says they are bullish on the Mumbai realty market and have a couple of residential and commercial launches coming up this year. In an interview with Ravi Sinha, he wondered that in a market where input costs are going sky high, how can the market go downwards?
The Sahara Group has taken umbrage over a Reserve Bank of India (RBI) advertisement, issued earlier this week, asking customers to be cautious about deposits raised by the Sahara India Pariwar and has challenged the central bank’s jurisdiction to do so.
In what real estate experts see as a sign that land rates are becoming more realistic, a 135-acre plot that belonged to the defunct PAL-Peugeot auto company in Dombivli has been auctioned off to Metropolitan Infra Housing Pvt Ltd (a subsidiary of Gammon India) for Rs 601 crore.
State Bank of India (SBI) is organizing a three day…
The Competition Appellate Tribunal (Compat) has refused to stay the proceedings of the Competition Commission of India (CCI) against real estate major DLF and permitted the competition watchdog to go ahead with its inquiry. Compat will hear the case on February 10.
Rose Valley Real Estate and Construction Limited has filed a writ petition in the Calcutta high court, challenging the order of Securities and Exchange Board of India (SEBI) for virtually stopping its business. The case will come up for hearing in the court of Justice Jayanta Biswas on Thursday.
In an embarrassment to realty major DLF, GlaxoSmithKline Consumer Healthcare Ltd (GSKCH), the FMCG company that owns leading brands such as Horlicks and Boost, has filed a case against DLF over charges of violations of its agreement in one of the commercial projects in Gurgaon.