Ratings agency CRISIL has urged Housing Boards and State Governments to generate more awareness on the significance of ratings in developing a real estate project, to help create a level playing field.
The much awaited and largely discussed Real Estate (Regulation & Redevelopment) Bill, pending since 2009, is finally been ready and the Government plans to introduce it in the winter session of Parliament after getting Cabinet approval.
More than 500 real-estate projects worth over Rs.3,000 crore will be on display at a property show organised by Gujarat Institute of Housing and Estate Developers (GIHED).
Foreign direct investment (FDI) in the real-estate sector last year was the lowest in four years, but private equity activity gained momentum during the recent months, according to a study by an Indian industry chamber and a global accountancy firm.
The Indian real estate market has matured to the extent that it is seen as the best investment instrument, leaving behind gold and other traditional investment options.
Private equity investment in India’s real estate sector declined by around 20.2% to $831 million (about Rs.3,740 crore) in the first five months this fiscal due to sluggish demand.
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.
Despite strong growth potential for real estate in Tamil Nadu, the price per square foot is set to rise in the next two three months as the industry is reeling under a crisis.
Chief Minister Tarun Gogoi has inaugurated the ‘Northeast Realty Expo 2011’ at the Maniram Dewan Trade Centre on Thursday, August 25.