Royal Institution of Chartered Surveyors (RICS) Global Commercial Property Survey released today in India has revealed that despite some improvement in the economic data and a moderation in the pace of decline in capital values in all world regions, rental expectations deteriorated further. (more…)
Archive for July, 2009
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Wednesday, July 29th, 2009Indian Economy to grow at rate of 6.7%
The Indian Finance minister Pranab Mukherjee on Wednesday said the economy was expected to maintain a growth rate of 6.7% in 2009-10, the same as the last fiscal, as some signs of pick up were visible. (more…)
Monday, July 27th, 2009Possible three-year ban on stake sale by foreign investors
The government is weighing the impact of a possible three-year ban on stake sale by foreign investors in real estate projects, a decision that could affect future capital inflows into the sector. (more…)
Monday, July 27th, 2009New interest loan subsidy for Indian Property
The Indian finance Minister today announced an interest subsidy of 1 per cent for one year on Indian housing loans of up to Rs 10 lakh for properties worth less than Rs 20 lakh. (more…)
Thursday, July 23rd, 2009Kolkata projects stall damaging it as “next big destination”
Kolkata is feeling the strain of the credit crunch and no more so than the hospitality industry. (more…)
Wednesday, July 22nd, 2009Foriegn ownership to be made easier in India
The government in India wants to make it easier for foreign property investors and in particular for them to put their money into projects that relate to the hospitality sector and tourism. It is looking at changing the rules to allow overseas investors to be part of smaller real estate projects. (more…)
Sunday, July 19th, 2009Govt to launch housing scheme for urban poor
The Indian government said that it was planning to launch a new housing scheme for slum dwellers and urban poor. (more…)
Saturday, July 18th, 2009No relaxation for foreign retailers in India
Hopes that the Indian retail sector may be opened any further have been dented. The government have announced that the interests of small traders will be protected as the industry is the second largest employer after agriculture. (more…)
Saturday, July 18th, 2009Indian office real estate set to recover
Indian office real estate hit an all time low with values nearly bottoming out as compared to its peak around 8-12 months ago, in fact, the commercial real estate values dropped by an average of 25% in all markets and touched 50% in some.. (more…)
Thursday, July 16th, 2009Non Resident Indians back in the market
The large Non Resident Indian (NRI) community are reportedly re-entering the Indian property market. In a recent study by Assocham on the real estate scene in India, they say that Malayali and Punjabi NRIs are buying the houses of their liking. (more…)