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JLL – Global Market Perspective – Q3 2012

Jones Lang LaSalle global property update for Q3 2012 shows edges towards recovery. It has released its quarterly Global Market Perspective, which captures in-depth data and analysis on the global property market in the year to date.

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NRI real estate investment norms simplified

The purchase and sale of immovable properties in India by a Non Resident Indian (NRI) or by a Person of Indian Origin (PIO) is really a very simple and easy affair with not much hassles and problems.

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New trends in Chennai residential real estate

Chennai is known for its conservative mind-set, which reflects visibly on its residential property market trends, as well. For instance, home buyers in Chennai have historically been driven by location over and above most other considerations, and this had put definite limits on the demand and potential for community living in the city.

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DLF struggles to cut debt, Q1 net falls 18%

Shares in DLF, India’s biggest real estate developer, traded higher in-line with the broader BSE realty index Tuesday, Aug 7, morning. At 11 a.m., the stock traded 1.3 per cent higher at Rs 214 on the BSE. The shares, up 15.4 per cent this year, are lagging a near-21 percent gain in the real estate index.

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Ambiguities in new real estate Bill

The Union cabinet may introduce the final version of the much awaited Land Acquisition, Rehabilitation and Resettlement Bill in the monsoon session of Parliament. Earlier, the ministry had sought suggestions and recommendations from other ministries and government agencies on various provisions introduced in the Bill.

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Policy restructuring alone can’t bring desired reforms in realty

Industry bodies like NAREDCO can become ideation centers. NAREDCO is actually taking some concrete steps in getting the consumers and developers to connect with the policy makers. Ideally, we need to identify the next line of growth centers. Every city will have its own growth center. That is when we can realise that the consumer is buying what he wants and not what is available.

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