Both the economy and the residential property sector are currently in a state of uncertainty. This has resulted in a rather prolonged period of vacillation and hesitancy among home buyers in India.
Omkar Realtors &Developers has raised Rs.200 crore funding, by INDIAREIT Fund for a premium residential project at a prime location in Worli, having a development potential of over a million sq. feet.
Villas are a unique product because unlike in apartments, the buyer gets to own the piece land on which the villa is built.
The Securities and Exchange Board of India (SEBI) has moved to the Supreme Court for an early hearing in a seven-year case against realty player PACL India.
A report by real estate firm Knight Frank says worldwide mainstream house prices marginally avoided falling into negative territory with prices rising on average by 0.1% in the three months to June 2011 and by 1.7% over a 12-month period.
Reeling under high input costs and 40 per cent labour shortage, the realty sector in Gujarat is witnessing construction projects getting either delayed, cancelled or halted in progress.
Billionaire Sam Zell said he is entering the real estate markets in Colombia and India in the next two weeks as he continues to favor international investments over U.S. property deals.
With the US and European debt crisis affecting sentiments across the world, the Indian real estate sector is likely to see a gloomy phase in the next 12 months.
Has Anna Hazare’s so-called anti-corruption crusade got any impact on the real estate? Well, the question may seem to be borne out of cynicism, but wait.
The Noida Extension has snowballed into controversy which could have been better avoided.