Holiday homes in India – perennial demand
The demand for holiday homes in India is as wired into the country’s overall economic performance as every other segment of residential real estate.
The demand for holiday homes in India is as wired into the country’s overall economic performance as every other segment of residential real estate.
The real estate sector has welcomed the CRR rate cut by the RBI and said it will help revive demand in the housing segment.
IIFL Venture Capital Fund, the private equity arm of the India Infoline group, is reportedly raising Rs.500 crore for investing in real estate.
Judging by feedback obtained from a cross-section of Indian retail players, it emerges that most retailers perceived 2011 to be a flat year.
Analysts are worried and do not see a rosy picture ahead in 2012. According to them real estate companies planning IPOs in 2012 may experience a lack of enthusiasm on the part of investors.
In 2011 six big ticket real estate IPOs was expected to raise over $2.9 billion or Rs.13,000 crore. Emaar MGF, which could not raise money in the capital market in consecutive attempts even when market conditions were conducive.
Shobhit Agarwal, Jt. Managing Director – Capital Markets, Jones Lang LaSalle India, believes market may be sluggish at the moment, but eventually India stands as a destination for investment.
With its focus on budget flats, the four-day MCHI Suburban Property Exhibition 2012 will kick-start at Maxus Mall, Bhayander West, on the Republic Day.
Rising cost and falling transactions are taking their toll on the property market in both the Delhi-NCR and Mumbai.
The ever-increasing housing needs in urban centers have caused home prices to shoot up to extremely unaffordable levels.