The Delhi National Capital Region (NCR) has been tipped in a Knight Frank report to become the largest residential property market in India in 2009-10.

Mumbai which has traditionally been more appealing due to its financial services accounts for 16% of residential market share lags heavily behind the NCR and its 35% residential market share study. (more…)

The Indian revenue department have completed a u-turn on its proposed reform of Indian property stamp duty announced over a month ago.

The Congress minister Patangrao Kadam, has dropped the plan after the revenue department studied the pros and cons of the proposal which sought to change the “ready reckoner” rates and move to a more sophisticated system. (more…)

Retailers in India could soon benefit from the global slowdown as demand slows.

Large retail chains such as the Future group, Reliance Retail and Aditya Birla Retail are cutting costs and putting pressure on landlords to renegotiate rentals. Many are using the downturn as a good opportunity to rein in costs as they leased or purchased property in India at the peak of the market. This has had a major effect on their bottom line and it is being felt even more so now. (more…)

DLF, one of India’s biggest house builders stock price slid following downgrades by Indian brokers.

Most brokers have downgraded DLF and lowered the price target for the stock. The main reason for a bearish view on DLF was the company’s inability to get money from DLF Assets Ltd (DAL), the company’s arm that buys properties from DLF for step down sales in the market.