Excellent use of technology to especially help NRIs in showcasing real estate properties in India so that they can invest sooner.
$10,000 a month to rent an apartment studio in Mumbai ! The shocking state of India's Real Estate Market
The Shocking State of India's Real Estate Market
By Nick Kapur | More Articles
January 13, 2011
Last month, I called the Taj Hotel chain, inquiring about the monthly rent for a tiny, 650-square-foot studio in a nice, corporate service building in the southern part of Mumbai. After reaching the booking agent, I was casually informed that the rate would be 4.5lacs per month, or 450,000 rupees -- or just over $10,000 per month.
Lack of buyers hits commercial realty
Agencies, Posted: Wednesday, Dec 29, 2010 at 1029 hrs IST
"While 12 million square feet is lying idle in Chennai, it will be more across the country. Many areas in Hyderabad, Bangalore and Gurgaon are lying vacant in commercial spaces," Construction Real Estate Developers of India (CREDAI) National Vice-President Prakash Challa said.
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Mumbai Developers to Cut Record Home Prices as Sales Decline, IIFL Says
By Pooja Thakur - Dec 28, 2010 1:58 AM ET
“Fresh lending to real estate developers by state-run banks is taking longer than in the past,” Bhaskar Chakraborty and Avi Mehta, Mumbai-based analysts at IIFL, said in the note. “We see developers with debt refinancing requirement in the second half of the fiscal year ending 2011 increasingly coming under pressure to cut prices to monetize inventory.”
More than 125 new vehicles, including some 25 cars and 25 transportation vehicles, come for registration every day
Real estate prices soar before planes
P B Jayakumar / Mumbai December 17, 2010, 0:38 IST
With the environment ministry nod to Navi Mumbai airport, money is flying into projects in its precincts.
Villagers are buying flats in the ubiquitous towers at Navghar, a brand new township. The current market rate is close to Rs 3,000 a sq ft — more than double what it was just a few months ago, fuelled by hopes that the long-pending 22-km Sewri-Nhava Sheva Trans Harbour Link bridge may take off, finally.
Land disputes hitting Indian infrastructure schemes
Posted: Sun, Dec 5 2010. 5:16 PM IST
Economy and Politics
Years of wrangling over land, compensation and environmental impact have become a regular feature of many projects aimed at developing modern India
High-profile disputes include plans for a second airport on protected wetlands to service India’s financial hub of Mumbai and a plan by Tata Motors to build a new manufacturing plant for the world’s cheapest car, the Nano.
India likely to see 230,000 new jobs: E&Y
Posted: Sunday, Oct 31, 2010 at 1600 hrs IST
As many as 230,000 jobs are estimated to be created in India in the fourth quarter of 2010 by six sectors, Ernst & Young's Partner, National Head and EMEIA Leader (People & Organisation) N S Rajan told PTI.
The six sectors are healthcare, real estate, IT/ITeS, education & training, manufacturing and Banking, Financial Services and Insurance (BFSI).
Is real estate becoming an asset bubble?
Published: Tuesday, Oct 12, 2010, 22:44 IST
Place: Mumbai | Agency: DNA
India's high earners fuel demand for high-rise luxury
22 Oct, 2010, 10.53AM IST,AGENCIES
"The size of the market is very large. Mumbai can absorb between 30,000 to 40,000 homes in the one million dollar-plus category, each year."
At least 29 luxury projects have been launched in six leading cities -- New Delhi, Mumbai, Bangalore, Chennai, Kolkata and Pune -- since the end of the global slump of 2008.
"Demand is sustainable," said Shahid Balwa, chief executive of DB Realty.
Food security needs beckon investment in transnational farming
Rana Kapoor, Monday, Oct 18, 2010
The world population is expected to increase by 40 per cent by 2050, demanding an additional output of about one billion tonnes of cereals and 200 million tonnes of meat/annum by then. Consequently, future emphasis would be keenly focused on growing more food.