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Latest India property news
DATE:
15 December 2011
Residential sales have plummeted since the golden days of 2007 as record home prices and higher interest rates have dampened demand, finds a report by a global real estate consultant.
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DATE:
03 December 2011
The mushrooming investor presence in the country’s realty market has for long fuelled unlikely speculation in residential prices. Latest figures now show that 52% of the new realty stock in India is held by investors, a steep leap from 22% investor presence in 2009.
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DATE:
24 November 2011
In 2000, when US President Bill Clinton gave India's then reigning information technology (IT) capital Bangalore the go-by in favour of the city of pearls, he willy-nilly anointed Hyderabad as the new face of IT in India and put the city on the global map.
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DATE:
21 November 2011
The property market, which experienced a negative impact on prices and demand after recession, has witnessed a noteworthy increase in residential project launches.
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DATE:
17 November 2011
Despite increasing demand and higher property prices in some markets such as Mumbai and New Delhi, India’s real estate market is shrinking. Property developers are reporting a steady decline in their revenues and profits.
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DATE:
16 November 2011
The draft Real Estate (Regulation and Development) Bill, 2011, is a step in the right direction. However, although it promises to make the primary market more transparent, it is mum on the secondary market, which attracts a significant number of transactions.
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DATE:
14 November 2011
Even as global economic slowdown and uncertainty in financial markets have battered the real estate industry countrywide, forcing a price correction in several markets, properties in Kolkata and Chennai bucked the trend with steady demand in affordable and mid-segment housing
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DATE:
08 November 2011
With storm clouds gathering again over the global economy, the commercial office space market in Mumbai is losing its momentum. A handful of foreign banks are holding off on large realty deals, in part to gird for any possible turn the world economy may take.
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DATE:
02 November 2011
As property valuations in smaller cities improve and those in metros face downward pressure, big developers are trying to find a foothold in smaller markets. Realtors such as Shapoorji Pallonji, DLF, Indiabulls, Omaxe and Ansal Properties among several others have been going aggressive in the smaller cities.
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DATE:
27 October 2011
During the slowdown last year, sales at a luxury home builders had gone down so much that the company's chairman, could actually keep a count of the footfalls at his sales offices.
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DATE:
24 October 2011
Lack of funds, customer aversion to striking advance lease deals and a slowdown in demand for office space have combined to push real estate developers into building more residential apartments than commercial spaces.
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