The Chennai Real estate developers reeling under the pressure of the global recession, confirm that the Metro Rail project has become a determining factor in the escalation of real estate prices in the city. (more…)

Premier Inn is planning to open about 80 hotels in the country in the next 10 years. (more…)

The Indian Government has offered 1% subsidy on loans up to Rs 10 lakh & doled out tax benfits for developers which is set to increase growth of affordable houing projects in India. (more…)

Associated Chambers of Commerce and Industry of India (Assocham) has suggested that it be made mandatory for Indian real estate developers to open escrow accounts. (more…)

Indian GDP Growth is revised and expected to grow at 7.2% in 2009/2010.

Industry body Assocham today said the government should appoint a real estate regulator to help expedite the redressal of consumer grievances. ” There is a need for an efficient and focused regulatory body to overlook functioning of the real estate sector in order to insure the industry development and safeguard of consumer interests in line with international benchmark,”the chamber said. (more…)

India’s capital New Delhi continued to witness a decline in retail rentals of 25 per cent and ranked 69th in rentals among the list of major cities across the world during the first quarter of 2009, according to global real estate consultancy CB Richard Ellis. (more…)

The Indian real estate market, after a period of relative inactivity lasting the first few months of the year, witnessed improved levels of activity on the part of retail investors in the residential sector, especially in the low to mid-end housing segment, said experts as well as market analysis reports of the second quarter in 2009. (more…)