Realtors’ optimism defy sluggish market reality
The festivities around Navratra and Diwali are known to cheer up the sentiments of the property market.
The festivities around Navratra and Diwali are known to cheer up the sentiments of the property market.
Oberoi Realty has announced to purchase 50 per cent stake in I-Ven Realty Ltd from private equity firm ICICI Venture.
The Government has asked private real estate developers to participate in creating affordable housing stock and help in making India slum-free.
Punjab’s first planned eco city, christened New Chandigarh by the State Government, has started to buzz with the major real estate developers and housing societies.
The Kerala Government has proposed to constitute a real estate regulatory authority to monitor and guide builders and developers in the State.
The repo rate hike by the Reserve Bank of India (RBI) by 25 bps seems to have spoiled the festive spirit of the real estate sector.
The Indian real estate market has matured to the extent that it is seen as the best investment instrument, leaving behind gold and other traditional investment options.
While the real estate carries home the point that the very nature of business has gone for a change with second generation taking over the business, professionals driving the show and efforts for an overall image makeover.
While the land acquired by the Uttar Pradesh Government along the Expressway has snowballed into a political slug fest, the National Highways Authority of India (NHAI) still believes that is the way to go.
Global consultancy firm McKinsey has recommended moving Indian household savings in physical assets like gold and real estate to financial assets to increase the flow of financial savings to domestic equity markets.