Indian commercial property market loses momentum in Q3: RICS
Indian commercial property market has lost momentum in Q3 with the capital values turning negative for the first time since 2009.
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Polls prop up realty market in Kolkata, Chennai
Even as global economic slowdown and uncertainty in financial markets have battered the real estate industry countrywide, properties in Kolkata and Chennai bucked the trend with steady demand in affordable and mid-segment housing.
RE/MAX launches global real estate listing site
RE/MAX, LLC has launched a new website, global.remax.com, which claims to be the first global resource for consumers, with hundreds of thousands of home listings in countries around the world.
Real estate debates CCI jurisdiction & trust deficit
When the CCI alleged that DLF misused its dominant market position and imposed unfair conditions on home-buyers of two of its many projects, the real estate fraternity, legal experts and others strongly questioned the basis of the CCI order.
Morgan Stanley’s Naresh Naik quits to start realty fund
Morgan Stanley Real Estate Investing Managing Director Naresh Naik has resigned to set up a real estate fund house that will invest exclusively in India.
Mumbai realty recovers from 30-month low
Mumbai’s residential home sales recovered from a 30-month low in the third quarter as new projects boosted supply, according to Liases Foras Real Estate Rating & Research Pvt.
Dubai launches $100 mn real estate fund with Brookfield
Investment Corporation of Dubai (ICD), a financing arm of the government, and Brookfield Asset Management have agreed to jointly sponsor a real estate fund with $100 million in seed money to focus on the domestic market.
A different Diwali with strategy shift for realty sector
The festival of Diwali has a direct bearing on the property market, and irrespective of the overall macro economic scenario the property transactions around this time of the year have been the maximum.
RBI rate hikes further dampens Diwali sentiments of realty sector
In a further blow to the dampened Diwali spirit of the realty sector, the RBI raised interest rates on today but said it was likely to hold off on further increases as it expects high inflation to ease beginning in December.
Kolkata realtors launch fewer projects due to delay in approvals and clearances
It has been quite some time that Mamata Banerjee took over the rein of West Bengal after 34 long years of Left Front rule.