As property markets collapse world-wide, one of the few consolations for real-estate investors is that some governments have become more open to foreign non resident property owners. (more…)
Archive for April, 2009
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Thursday, April 30th, 2009Buy a property in Kolkata get a free Nano!
Real estate developers in Kolkata are trying to increase housing demand providing buyers with India’s latest prize, a free Tata Nano car. (more…)
Monday, April 27th, 2009Taxation on renting of immovable property in India
The Delhi High Court in India has pronounced its judgement with regard to several writ petitions which had challenged the applicability of the levy of service tax on renting of immovable property. (more…)
Sunday, April 26th, 2009Indian Finance Ministry Unhappy with FDI Rules
The Indian finance ministry has raised questions on the new foreign direct investment (FDI) rules announced earlier this year. (more…)
Thursday, April 23rd, 2009Indian Office Rental Demand Varies
Indian office rentals are still in demand in Ahmedabad, the city has registered the lowest vacancy of 5-6 per cent in a recent study by Cushman and Wakefield, but Chennai suffers. (more…)
Tuesday, April 21st, 2009Change in Indian property foreign ownership laws?
The Indian Department of Industrial Policy and Promotion (DIPP) has announced it is examining proposals regarding Foreign Direct Investment (FDI) into India’s real estate industry for foreign buyers. (more…)
Tuesday, April 21st, 2009Indians expected to spend £10-15bn in UK
A Jones Lang LaSalle (JLL) report has revealed that Indian investors are expected to invest between £10-15 bn in the next ten years buying 30,000 homes in the UK. (more…)
Tuesday, April 21st, 2009Will RICS Change Indian Property Industry?
RICS is to set in motion a global consultation to develop an enhanced regulatory framework for valuation that will raise professional standards, improve confidence for clients and help secure the accurate valuations that underpin most economic activity. (more…)
Monday, April 20th, 2009Slowdown in Kolkata projects
Kolkata retail and residential projects are being delayed or deferred due to the financial credit crunch according to Jones Lang LaSalle Meghraj.Commercial and retail development in Kolkata, West Bengal and in its suburbs had nearly doubled real estate prices over the last few years. However, although 40 to 50 projects are lined up in the city currently, around 100 projects are delayed or deferred due to credit crunch as well as because of uncertainty over projects’ viability and sustenance. (more…)