Noida Extension impasse a learning curve for realty sector
The Noida Extension has snowballed into controversy which could have been better avoided.
The Noida Extension has snowballed into controversy which could have been better avoided.
There has been a substantial decline in foreign direct investments (FDI) in high-growth potential sectors like housing and real estate, construction activities and telecommunications in 2010-11.
Government intervention is needed in India to bring regularization in unorganized real estate broking, says a report by Netscribes, a knowledge consulting solutions company.
ATS Group, the Noida-based developer has announced its foray to the Gurgaon property market with residential projects.
As India’s realty sector goes through a liquidity crunch with banks tightening lending norms and property sales dropping, real estate developers are turning to alternative channels of funds.
Cashflow, in turn, will allow to calculate the property’s expected rate of return.
US-based investment firm Xander Group will invest Rs.240 crore in construction and civil engineering major HCC Infrastructure.
AIG Global Real Estate (AIG GRE), the real estate fund of the global financial major, is looking to exit two projects of Bangalore-based RMZ and raise around $450 mn.
As real estate asset values continue to fall, banks may be forced into an unfamiliar role, that of active property portfolio management.
The Confederation of Real Estate Developers’ Association of India (CREDAI) has estimated that the sector will face a funding gap to the tune of USD 70 billion over the next five years.