Property prices to remain range bound for H1 CY12: Makaan.com
The year 2011 can best be described as a lackluster year for Indian real estate sector. There were several headwinds that prevented the sector from delivering to its full potential.
The year 2011 can best be described as a lackluster year for Indian real estate sector. There were several headwinds that prevented the sector from delivering to its full potential.
Forget Mumbai which has been in the news for record dip in the property transactions. It is the Delhi-NCR that tops the list for unsold homes.
Through the course of 2010, the realty sector evened out into a level playing field, with enough traction in the market to hold investor interest, with several on-going projects being delivered and others being launched.
Emaar Properties has used Dubai Mall, one of the world’s largest shopping centres, as collateral to secure Dh3.6 billion (US$980 million) of financing from a trio of UAE banks.
Though a depreciating rupee has its fall out on all other economic activity, it is rather helping the Indian property market.
Investment in real estate sector in Punjab may slow down due to Assembly elections in the early part of next year, a senior official of DLF India said in Chandigarh.
Danube Building Materials has opened its new Buildmart showroom in Ahmedabad, India, with aims for stronger presence in Asia’s third largest economy, the Dubai-based company said on Tuesday, Dec 13.
TATA Housing has announced its plans to expand its presence in the tier-II cities of India, by signing its first PPP venture in the ‘Temple City of India’ – Bhubaneswar, in association with Bhubaneswar Development Authority (BDA).
Maharashtra Chamber of Housing Industry (MCHI), is organising its Property Show in Dubai, U.A.E. from January 12 – 14, 2012.
Unitech Ltd said on Monday, Dec 12, it has put on hold a plan to expand its infrastructure business and withdrawn another to merge two of its subsidiaries due to poor macroeconomic scenario.