Mumbai property deals slide down at 27 month low
Property registration in India’s biggest real estate market Mumbai continued its slide in August and touched a twenty-seven month low.
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MCHI welcomes CM’s move for sale-by-carpet area; calls for speedy reforms in real estate
The Maharashtra Chamber of Housing Industry (MCHI) has welcomed Chief Minister Prithviraj Chavan’s move to ensure sale of residential property by carpet area.
Kerala Government to start training academy for construction workers
The Kerala Government is planning to start a ‘Kerala Construction Academy’ which will impart short-term training to unskilled workers in the construction industry.
FDI inflow to real estate lowest in 4 years
Foreign direct investment (FDI) in the real-estate sector last year was the lowest in four years, but private equity activity gained momentum during the recent months, according to a study by an Indian industry chamber and a global accountancy firm.
Indian property firms woo NRIs in Doha
Real estate developers have called upon potential buyers in Doha to take advantage of recessionary trends in the global economy and make investments in the real estate sector of growing economies like India.
Rate hike adds to debt burden of real estate companies
Continuous rise in interest rates by the banks is dampening the effort of the real estate companies to reduce debt by selling non-core assets.
Telenor to raise Rs 8k cr in Unitech JV
Norwegian telecom giant Telenor has started a process to raise up to Rs.8,000 crore in its Indian joint venture with real estate developer Unitech, said a top company executive.
Sahara Prime City launches residential complex at Kochi
Sahara Prime City, the real estate company of Sahara India, has launched Phase II of its Sahara Grace brand of residential complex at Kochi.
Know Your Home for school children by Puranik Builders
Thane-based Puranik Builders has recently launched a major project ‘Know Your House’ (KYH) for school children as a part of their commitment to Corporate Social Responsibility.
The need for better regulation in Indian real estate
The organized segment of Indian real estate is only about two decades old. It could be seen as understandable that true governance is too much to ask at this early point.