India real estate developers on Tuesday said RBI’s decision to tighten the monetary policy would not have a negative impact on Indian housing demand, as they do not foresee any increase in home loan rates. (more…)

Indian government plan to build 20Km’s of roads per day in it’s drive to improve infrastructure throughout India.

With supply exceeding demand, Indian office rentals will remain stable or even marginally fall in the seven major cities, according to leading real estate consultant CB Richard Ellis (CBRE). (more…)

The Indian government plans to tighten investment norms for non-resident Indians (NRI) in companies to ensure that they do not violate foreign direct investment (FDI) where such investment is banned such as with Indian real estate.

The Reserve Bank of India (RBI) has also mooted a proposal to withdraw the special status given to NRIs for investing in sectors such as aviation, housing and real estate.

NRIs, for example, are permitted to invest up to 100 per cent in air transport services as against only 49 per cent allowed to other foreign investors. Also, NRIs are exempt from the conditions imposed on minimum capitalisation norms in real estate as well as the minimum size of area to be developed for housing.

In the Indian real estate sector FDI policy has imposed certain key conditions like the minimum area to be developed should be 10 hectares in case of development of serviced housing plots, and built up area of 50,000 square metres in case of construction development projects. But these restrictions do not apply on NRIs.

Two Indian-origin finance professionals have been fined and banned by Britain’s financial regulator for abusing market conditions and profiting from confidential information. (more…)

The Hill County Home Owners Welfare Association, a group of Indian property buyers in the scam-hit Maytas Properties, feels let down by the Government as it is yet to help resolve the problem by finding a suitable strategic partner to carry on the project. (more…)

Mumbai real estate prices have jumped about 30 percent over the past six months, leading to a drop in home sales in India’s financial capital as higher prices deter buyers, Knight Frank LLP said. (more…)

Real estate demand in Ahmedabad and Pune is moving higher according to a recent ICICI Indian real estate survey. The survey was conducted across eight Indian cities covering Mumbai real estate, Delhi/NCR real estate, Bengaluru real estate, Chennai real estate, Kolkata real estate, Ahmedabad real estate , Hyderabad real estate and Pune real estate. (more…)

The master plan for the erstwhile Municipal Corporation of Hyderabad (MCH) area will be finalised by April-end. (more…)