… 18 in Uttar Pradesh, 13 in Uttarakhand, 8 each in Chandigarh and Himachal Pradesh, 7 in Tamil Nadu, 6 each in Chhattisgarh and Puducherry, 5 in Goa, 4 in Jammu & Kashmir, 3 in Orissa, 2 in Assam and 1 each in Mizoram and Dadra and Nagar Haveli . ..
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India's swine flu deaths touch 1229 | TheMedGuru
Commercial banks are unlikely to raise their prime lending rates — offered to the best customers — or deposits rates at least till the end of March but large companies borrowing short-term money at sub-PLR rates may have to cough up more. This was indicated by CEOs of several commercial banks soon after RBI announced a 75-basis point hike in the cash reserve ratio, or the proportion of deposits that banks have to park with RBI. However, car loan rates are unlikely to rise due to increased competition among banks in this segment
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Your home, car loan rates won’t rise till March
The unstructured real estate industry, high home loan rates, forged land titles, the possibility of corruption, high taxes…nothing matters….! Indian real estate has witnessed a phenomenal development in the last couple of years due to its flexible nature and its value appreciation over time. The limits of people’s aspirations, concept of good living, contemporary working style and recreation, their risk appetite, and money they can commit for high quality construction and smartly done up space has led to the revolution in the real estate industry in the country
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Nothing matters as the real estate market in India is getting hotter
Fitch Ratings has today said in a just published Special Report that its 2010 Outlook for the Indian real estate sector remains Negative; however, the sector could exhibit signs of stability by the second half of the year.
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Fitch: Real estate sector stabilising but risk remain
The finance ministry has reportedly turned down a proposal by the Department of Policy and Promotion (DIPP) that had suggested doing away with the mandatory three-year lock-in period for FDI in the real estate sector. The ministry’s point of view is that a lock-in acts as a deterrent, checking speculation and protecting the sector from the sudden flight of capital
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Assets versus bubbles in real estate
3 times more than 2008-09: The Rs 70,000-crore Indian real estate sector is expected to see fresh investments to the tune of $1.5 billion in residential deals by exclusive real estate funds in the financial year 2010-11, three times more than the total quantum that such funds invested in FY 2008-09. These funds include Sun Apollo, HDFC India Real Estate Fund, RedFort Capital, ICICI Prudential Infrastructure Fund and Xander Real Estate Partners
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Indian real estate to see fresh investments to the tune of $1.5 billion in the financial year 2010-11
Kotak Realty Fund, an $800 million (Rs3,672 crore) real estate private equity (PE) fund from Kotak Mahindra Group, will invest Rs270 crore to acquire stakes in a Mumbai-based realty firm and a slum rehabilitation project and a Bangalore-based developer, chief executive S. Sriniwasan said
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Kotak Realty Fund to invest Rs270 crore in several projects
The prices of a majority of the realty projects in the affordable segment, which is the sub Rs 30 lakh category, witnessed a steady or an upward movement during the last six months. According to a joint analysis by SundayET and PropEquity, a real estate data analytics and research firm, out of 822 projects across 13 major cities around 41% or 333 projects witnessed a price hike during the last six months.
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Budget homes turn costlier
Looking at investing mainly in the residential segment, and residential-led mixed used developments JM Financial Ltd’s real-estate investment unit, Infinite India Investment Management Pvt Ltd, is planning to invest an additional $60 million to $80 million in a few projects over the next 9 to 12 months. Infinite India is also identifying such projects, where work can be started immediately and which are located in city-centric locations. “We are mostly looking at investing in projects where the land acquisition has been completed, and the project is just about to start,” said RK Narayan, director, Infinite India, adding that the company is also planning to invest in large projects where it has the opportunity to invest in the subsequent phases of the project
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Infinite India to invest $60 million-$80 million in realty projects
The country’s largest private bank, ICICI Bank, today said it is focusing on the home-loan segment as the real estate segment is witnessing a comeback after the economic slowdown. The bank had recently launched a home-loan scheme under which 8.25 per cent interest rate will be fixed for the first two-years for loans sanctioned from December 1, 2009 to January 31, 2010, irrespective of the loan amount
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ICICI Bank to focus on home-loans as real estate picks up
Of all the bubbles that were floating around back in the heady days of 2007 and 2008, the one that was the biggest is still hanging around, being maintained by a determined (or perhaps desperate) set of people. At that time, it was clear to most of us that India’s real estate sector was a massive bubble. The froth was equally visible in the prices of real estate itself as well as the way real estate scrips were doing on the stock markets
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Realty IPOs: Bubbles that make little sense for serious investors
Parry Singh, managing director of real estate equity fund Red Fort Capital, the debt crisis many again drive banks to tighten their credit policy, a move that could jeopardise the credit flow into the realty sector. “It will also adversely affect the sentiments of investors.
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Dubai World crisis will certainly impact the Indian realty sector which has not even fully recovered from the Lehman Brothers crisis
Hot picks for investors, say analysts, are companies that have land banks located within city limits in India’s seven biggest cities: Mumbai, New Delhi, Kolkata, Bangalore, Chennai, Hyderabad and Pune. Some examples are unlisted Godrej Properties and Oberoi Constructions, which have assets in India’s financial capital and the country’s most expensive real estate market, Mumbai. During the IPO boom of 2007, the larger the land bank, the more successful the IPO, said bankers
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Indian real estate companies are collectively looking to raise $US4.5 billion of equity
Realty research firm Liases Foras launched its Real Estate Sensitivity Index – RESSEX,( www.ressex.com ) that will provide structured data and property analysis on the country’s real estate market. RESSEX is a product of detailed micro research, which covers every new real estate development excluding secondary supply and enables the user to view the market potential in both micro and market perspectives in the form of an index.
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Liases Foras launches RESSEX
Doing away with this lock-in period has been a long-standing demand of Indian developers as well as foreign investors To boost foreign direct investment (FDI) in real estate, the government may remove the mandatory three-year lock-in period for overseas investments in the sector. The department of industrial policy and promotion (DIPP) has proposed this move, with a draft cabinet note on the proposal being circulated for inter-ministerial consultations. Doing away with this lock-in period has been a long-standing demand of Indian developers as well as foreign investors
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Government may scrap 3-year lock-in for Foreign Direct Investment’ in real estate
Mumbai-based real estate developer Peninsula Land , (part of the diversified Ashok Piramal Group, ) has revised the development plans for its Pune and Hyderabad projects from commercial to residential projects. This will help speed up the cash-flow turnaround, as residential properties have lower-gestation period than commercial projects. The company’s cautious approach and an asset light model helped it beat the realty slowdown
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Peninsula Land seen on growth track
The only yield from gold is its appreciation. In recent years, gold has been a favoured asset even among individual investors because of greater uncertainly in the real estate and stock markets. The international price of gold has been consistently rising since 2003
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It is expected that gold price will double in the next 10 years
“There is no (real estate) bubble, but the risk is if (property) prices rise faster than average income growth of say 15 percent, it could decelerate demand for homes,” said Lodha. “(Real Estate) Bubbles occur when buyers too willingly keep paying higher prices; consumers today want value for their hard-earned money.” Lodha Developers Ltd., an Indian property company that’s planning an initial share sale, expects its home sales in India will climb about threefold as a record low benchmark interest rate encourages buyers to take loans
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Lodha’s ‘Strongest Year’ May See Home Sales Triple by March
Indians now account for close to 20% of all realty sales in Manhattan, and 30% of all enquiries made, says Raphael De Niro, ( son of Hollywood star Robert De Niro ) MD of New York’s biggest property broking firm Prudential Douglas Elliman. Prices of residential apartments in Manhattan have slipped 20-25% off their peak in end-2007. Mr De Niro says he is currently negotiating with several Indian buyers who are public figures in India.
Hi-tech township policy of Uttar Pradesh Government: A lot of high-tech townships are coming up in Uttar Pradesh after the state government’s policy in 2003 to promote development of high-tech townships with better quality of living, work and entertainment facilities. Considering the acute shortage of housing and infrastructure services, the state government announced an open-ended hi-tech township policy in May 2006 to promote private investment through development of varying sizes of such townships.
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High-tech townships of Omaxe, 3C Company and Chadha Group in Uttar Pradesh