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January 13, 2011

ASSOCHAM suggests government for REIT & REMF

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has suggested the government to introduce Real Estate Investment Trust and Real Estate Mutual Fund to enable investors to own a diversified portfolio of professionally managed assets in the real estate sector. In a note submitted to the government, the Chamber said that the Indian Real estate sector currently lacks any monetization vehicle for capital intensive verticals such as commercial offices and retail malls.

Headlines

January 13, 2011

Property dealer threatened the family

This is the story of the plight of a family who wanted to sell off the house. What they got in exchange was a series of harassment by the property dealer. What makes this individual experience a case study and a newsworthy item is the fact that in the absence of any regulation, how the petty local goons are operating as property dealers.

Case Studies

Delhi NCR real estate, Bangalore Real Estate, JLLM, Jones Lang LaSalle Meghraj, Track2Media, Track2Realty, ravi sinha, india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, KP Singh, DLF, Unitech, Emaar MGF, ndtv.com, ndtv, aajtak, zee news, india news, property news, real estate news, 99acres.com, 99 acres, indianrealtynews.com, indianrealestateforum.com, Indiabulls real estate, BSE, Bombay Stock Exchange, Mumbai Real Estate, India Property

January 12, 2011

GURGAON – deep and diverse local economic and hospitality demand drivers

Gurgaon initially gained prominence as an outsourcing centre for major international companies that found it cheaper to locate their back-end operations in India due to the availability of high-quality but cost-effective employee resources. GE Capital initiated this trend and was the first multinational company to enter Gurgaon in 1997.

Headlines

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January 11, 2011

Fitch report contradicts itself

The Fitch Ratings 2011 outlook for the Indian real estate sector seems to contradict itself. While it says the realty market is stable in the year, it also warns of a negative bias. The negative forecast of Fitch Ratings is, however, based more on the sentiments than the emerging market reality.

Company News

January 9, 2011

ED asks Indian missions to check money trail of Unitech

The Enforcement Directorate has asked the intelligence officers in different Indian Missions to check the money trail in the 2G spectrum scam. Special Director, ED has sent out communiqués to Cyprus, Mauritius, British Virgin Islands, Jersey, Isle of Man, Singapore, Dubai, and Tripoli (Libya, Norway).

Company News

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January 8, 2011

FM asks monitoring on realty companies into housing scam

In the immediate aftermath of the bribes for loan scam involving LIC Housing Finance, the Finance minister Pranab Mukherjee in conjunction with Dept of Financial Services asked for a complete monitoring of all the companies mentioned in the CBI case filed. All public sector banks, financial institutions and state owned insurance companies have been asked to examine their exposure to the 21 companies named by CBI in the housing loan scam, and give a subsequent compliance report.

Company News

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January 8, 2011

Kumari Selja blames banks for discouraging affordable housing

Kumari Selja, Union Minister of Housing and Urban Poverty Alleviation & Minister of Tourism, has categorically blamed the banks for not facilitating the affordable housing. Inaugurating the 10th National Convention of National Real Estate Development Council (NAREDCO) at New Delhi the minister said the housing finance sector has witnessed a boom in the recent past due to favorable government policies.