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March 22, 2012

MCHI–CREDAI blames policy paralysis but suffers from ideas paralysis

Can policy paralysis lead to postponement of sales exhibition? Doesn’t sluggish market demand more pro-active sales drive? Is a completely sold out exhibition postponed because it anticipates no business in advance? Well, if MCHI-CREDAI is to be believed, they have postponed the Real Estate & Housing Finance Exhibition, PROPERTY 2012 Mega Show, scheduled to be held on 12th – 15th April, 2012, due to policy paralysis. However, it seems to be more a case of ideas paralysis.

Headlines

March 21, 2012

Will auspicious Gudi Padwa remove Mumbai property jinx?

The over-heated Mumbai property market is taking its toll on the property transactions and sales in Mumbai property is the lowest of the six major cities across the country. According to reports, over the last one year leading to December 2011, residential sales in Mumbai have dropped by 28 per cent.

Company News

March 20, 2012

Hiranandani Group ropes in Cherie Blair to settle Rs. 1,400 crore dispute

Hiranandanis have roped in Cherie Blair, the wife of former British Prime Minister Tony Blair and a Queen’s Counsel (QC), as an arbitrator for a Rs 1,400-crore dispute in the family. The other arbitrators are another QC and former Delhi High Court Chief Justice A P Shah. The panel is expected to solve by June the scrap between brother and sister, who are both high-fliers in their own right.

Case Studies

March 18, 2012

Gurgaon residential property investor update

Over the last one year, capital values rose by more than 30-35% in Gurgaon’s residential sector. Developers are now going slow on execution of real estate projects, resulting in a drop in supply of residential apartments in most prime markets. Emerging residential areas are still not able to meet the huge housing demand.

Consumer Connect

March 17, 2012

India needs trillion dollar investment in urbanization

The rate at which economy is growing our urban centers shall add at least 100 million people by year 2020 merely on the account of urbanization. To provide housing to so many people India needs to invest a trillion dollars over the next 10 years. This is equivalent to 80 times our education budget allocation for year 2011-12.

Analysis

March 16, 2012

Union Budget 2012-13 – A timid tango of pros and cons

Our reaction to Union Budget 2012-13 is mixed at best. It seems fair to state that the Indian real estate sector does not have much to cheer about.

Editorial

March 15, 2012

Need to distinguish between land acquisition and land purchase

The recently tabled Land Acquisition, Rehabilitation & Resettlement Bill, 2011 in Parliament is meant to replace the 117-year-old Land Acquisition Bill of 1894.

Headlines

March 8, 2012

Banking, Finance & IT catalytic to SME clusters growth

Realtors who are in the business of developing SME clusters believe in recent years, the metro cities have also seen a good increase in SMEs, which have catapulted themselves into mid- to large sizes within 3 to four years.

Headlines

March 6, 2012

Hyderabad favoured destination for investment

Hyderabad continues to be a favoured destination for investments due to its unique infrastructure, and real estate prospects are promising despite the Telangana agitation.

Company News

March 6, 2012

Tata Housing bids to buy US consulate buildings

Tata housing has bid to buy US consulate buildings in Mumbai, according to the sources close to the development. “Negotiations are at an advanced stage and the deal is expected to be concluded in less than a month,” said the source.

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