Global housing market downturn gathering pace
The world’s housing downturn is gathering momentum, according to the latest world-wide survey of house price indices prepared by the Global Property Guide.
The world’s housing downturn is gathering momentum, according to the latest world-wide survey of house price indices prepared by the Global Property Guide.
The ever-increasing housing needs in urban centers have caused home prices to shoot up to extremely unaffordable levels.
RICS launched a revolutionary concrete panel based mass housing concept – known as ‘India Concept House (ICH)’ in partnership with Sam Circle Venture and its partners, KieranTimberlake and ProjectWell.
The Government will make public the draft Real Estate Regulation and Development Bill, 2011 for comments from stakeholders this week and may subsequently introduce it in the forthcoming winter session of Parliament.
Ratings agency CRISIL has urged Housing Boards and State Governments to generate more awareness on the significance of ratings in developing a real estate project, to help create a level playing field.
The Government has asked private real estate developers to participate in creating affordable housing stock and help in making India slum-free.
Ashiana Housing Ltd., Delhi based real estate player becomes the only real estate company from India to figure in ‘Asia’s Best Under A Billion1 list of companies compiled by the Forbes magazine for 2011.
A report by real estate firm Knight Frank says worldwide mainstream house prices marginally avoided falling into negative territory with prices rising on average by 0.1% in the three months to June 2011 and by 1.7% over a 12-month period.
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.
Janaadhar Constructions, handed over the keys to home buyers of Janaadhar Shubha, its first affordable housing project targeted at the aspiring first-time home owner among the urban low income group.