Hot on the heels of hastening the planning permission mechanism for small buildings, the Chennai Metropolitan Development Authority has initiated steps to put the approval process for multistoreyed buildings (MSB) also on fast track in the Chennai metropolitan area. (more…)
Archive for June, 2009
You are currently browsing the Navyroof.com – Indian real estate blog | Buy, sell, rent property in India blog archives for June, 2009.
Thursday, June 25th, 200925% Surge in rentals in India
The slowdown in property sales has fuelled a surge in the rental market in Delhi. (more…)
Thursday, June 25th, 2009Assocham: Recovery in Indian property possible in 3 months
Spurred by price corrections, new launches, lowering of interest rates, increase in sales inquiries and, more importantly, the newfound mantra of ‘affordable housing’, the real estate industry has started showing signs of recovery. Industry body Assocham has gone to the extent of saying that the Indian real estate recovery is possible in the coming three months. (more…)
Monday, June 22nd, 2009World Bank: India to grow by 8% in 2010
Even as the “world is entering an era of slower growth” and “deepening recession”, India’s economy is set to expand 5.1 per cent in 2009 and by 8.0 per cent in 2010, the World Bank forecast on Monday. (more…)
Thursday, June 18th, 2009India inflation in Negative territory
Indian inflation is at the lowest since 1977. The inflation growth rate is now negative and may signal a deflation in India.
Watch expert opinion on Navyroof.com.
Tuesday, June 16th, 2009View from Navyroof.com: Where next for Indian property
Here is the latest Navyroof.com commentary on the Indian property market and the main factors which will determine its recovery. (more…)
Tuesday, June 16th, 2009India most attractive retail investment destination
India has emerged as the most alluring market for investment in the retail sector, surpassing the likes of China, Russia and the United Arab Emirates according to a recent report by US-based global management consulting firm A T Kearney. (more…)
Monday, June 8th, 2009Serviced apartments on the rise
After being launched in cities like Delhi, Bangalore and Pune, service apartments will soon be a reality in Tier II and III cities. (more…)
Monday, June 8th, 2009Mumbai office space slips out of top five most expensive
Mumbai, which became the second-most expensive office property market globally one-and-a-half years ago at the peak of a real estate boom in the country, has now slipped out of the top-five list, as per a survey of 170 cities by real estate consultant CB Richard Ellis. (more…)
Thursday, June 4th, 2009ICICI cuts lending rates
ICICI Bank said on Thursday it was cutting its lending rates by 50 basis points from
The benchmark advance rate, or the rate that it charges its top customers, will drop to 15.75 percent from 16.25 percent.
It also cut rates for retail customers by 50 basis points. The bank had lowered lending rates by 50 basis points in late April.