Indians among top property buyers in Dubai

Date : Sep 19, 2014

New Delhi: Indians constitute a dominating group while buying real estate in Dubai, having invested nearly AED 10.5 billion during the first half of this year, says a report. Between January and June 2014, Indians, British, Pakistanis and GCC investors accounted for around four-fifths of all real estate transactions in Dubai. Property consultant Knight Frank, citing data from Dubai Land Department, said in the first half of 2014, a number of key nationalities including India dominated real estate investment activity in the emirate. During January-June 2014, Indians invested close to AED 10.5 billion in the emirate, while British and Pakistani nationals spent AED 5.8 billion and AED 4.5 billion, respectively. Mean

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Modi govt makes the right moves to revive real estate sector: Crisil

Date : Sep 19, 2014

PTI [ Updated 16 Sep 2014, 17:41:39 ] Kochi: Efforts being taken by the Narendra Modi government to boost the real estate sector are in the 'right direction', a senior official of Crisil Ratings said. "Efforts being taken by the government are in the right direction. However, it will take some time to get the desired results," Anurag Jhanwar, director, Real Estate Ratings, Crisil told reporters here. Pointing out that the sector was largely unorganised, he said the ease of funding is not there. Of 100 files reaching a banks, only five are approved. There are no set benchmarks or practises, he said. He was speaking at a function after handing over the seven star rating citation to V Sunil Kumar, Mana

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Blackstone eyes Noida IT SEZ

Date : Sep 16, 2014

Boby Kurian & Anshul Dhamija, TNN | Sep 15, 2014, 12.49AM IST BANGALORE: Private equity giant Blackstone Group is in discussions to acquire an IT special economic zone (SEZ) in Noida owned by The 3C Company for a little over Rs 600 crore, as its appetite for India's commercial real estate continues unabated. The global investor is likely to buy 3C's 25-acre Oxygen Boulevard SEZ located on the Noida Expressway, people directly involved with the matter said. The deal involves tenanted office space and undeveloped land. Blackstone is negotiating the transaction on its own at this stage even though it has two joint venture commercial real estate partners in Bangalore-based Embassy Group and Pune-based Panchshil

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Mumbai's Real Estate is Unbelievably Cheap: Donald Trump

Date : Sep 11, 2014

by Samar Srivastava Donald Trump means business in India. It is a massive and under-priced market, says the American realty tycoon who was in the country for the launch of his Mumbai project Y our real estate is unbelievably cheap,” Donald Trump tells Forbes India. His Indian customers would raise both brows at this assertion. Not only are property prices generally considered unaffordable, consider that the American realty tycoon is currently selling apartments in Trump Tower, Mumbai, in the Rs 9 crore to Rs 18 crore range. These are the best-in-class rates in the country. But he quickly goes on to explain: “Mumbai is a great city and yet it is not priced like other comparable cities. It is priced

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Even before Andhra announced Vijaywada as new capital, real-estate market knew it

Date : Sep 6, 2014

Three months ago, Hyderabad resident Gundapaneni Rajendra Prasad shut down his travel agency and left the city. He decided to get into the real-estate business to cash in on the frenzy sparked by the division of Andhra Pradesh in June to create the new state of Telangana. Under the terms of the bifurcation deal, Hyderabad was to become Telangana's capital. But Andhra Pradesh would have to build itself a new administrative headquarters  ?  and no one was quite certain where it would be located. Prasad made his bets on Gannavaram, a town in the Krishna district of Andhra Pradesh 20 kilometers from Vijayawada. When Andhra Pradesh Chief Minister Chandrababu Naidu confirmed this week that the capital wou

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India approves Real Estate Investment Trusts

Date : Aug 12, 2014

Reuters: The Securities and Exchange Board of India (SEBI) on Sunday approved the setting up of real estate investment trusts (REITs), a move that may offer a new source of financing to India’s cash-strapped property developers. REITs are listed entities that mainly invest in income-producing real estate assets, the earnings of which are mostly distributed to their shareholders. They generally get special tax treatment. At its board meeting in New Delhi, the SEBI said REITs should operate with an asset pool of at least five billion rupees ($81.78 million) and have an initial issue size of at least 2.5 billion rupees for shareholders. REITs will be allowed to invest only in commercial properties, SEBI said. The regulato

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SRKhan unveils Dh2.3bn Dubai real estate project

Date : Aug 10, 2014

Dubai, August 8 (ANI): Shah Rukh Khan has launched a Dh2.3 billion real-estate project, The Royal Estates, in Dubai. While promoting Royal Estates, the 'Chennai Express' star said that the local development, which is collaboration among companies Pal, Aristrocrat and Pacific Ventures, would provide homes at affordable rates and that should ideally attract buyers He added that the product itself is more important than the endorser and highlighted the uniqueness and benefits if the project. However, he declined to to give a concrete timeline about reviving his real-estate project in Ras Al Khaimah SRK Boulevard which began in 2008 but was stalled in 2010. (ANI)   Source And Courtsey By  :- https:/

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Invest in equities for long-term wealth

Date : Aug 10, 2014

Gaurav Mashruwala, TNN | Aug 9, 2014, 12.57AM IST Jitendra Nalawade (32) lives with his wife Reshma (29) and son Sarvadnya (4) in Noida. Both Jitendra and Reshma are post-graduates and work in the private sector. What are they saving for? The couple wishes to buy an additional house worth Rs 35 lakh after two years. They would also need Rs 25 lakh after 13 years for their son's education and an additional Rs 25 lakh for his marriage. They would also want to provide Rs 10 lakh to support Jitendra's parents who stay in Pune. Post retirement, the family would require a corpus that would generate Rs 36 lakh annually.   These costs will be revised on the basis of inflation. Where are t

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Bangalore Real Estate Awards 2014

Date : Jul 6, 2014

        Bangalore : Siliconindia in association with L&T Housing Finance have created a platform as an initiative to felicitate and recognize these real estate industry professionals who have contributed to evolve the landscape of the sector in the city by hosting the Bangalore real estate awards 2014. The event is a continuation of the success of fifth edition of the award. It is sponsored by L&T Housing Finance. SiliconIndia is a 17 year old media house with two print magazines and outline presence. Siliconindia.com has over 6 million network members and the online newsletter reaches out to over 2.7 million in India and over 100 thousand in the USA. The print magazine tha

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Times Homes Goa caters to all pockets

Date : Jun 23, 2014

PANAJI: From those looking for a cozy 2BHK as a first home, to those willing to loosen purse strings for a holiday home by Goa's pristine beach side. From those looking for finance for their purchase to those looking to interact with real estate businesses about a range of properties across Goa, The Times of India's 'Times Homes Goa' property expo has something for buyers of all budgets. The two-day expo, scheduled for June 21 and 22, pulled people with a variety of property investment intentions on the first day of the exhibition, covering all interests in the range of 25 lakh to over one crore. Held at the Clube Tennis de Gaspar Dias in Miramar, the expo received an unexpected response, despite the overcast we

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Most Indians now going online for property deals: Google survey

Date : Jun 21, 2014

As an ever-increasing number of Indians search online before entering property deals, the internet is now estimated to be influencing property purchase decisions worth about $43 billion, search engine giant Google said today. The Google India study, conducted on the basis of pan-India offline research conducted by market research firm Zinnov and real estate-related search query trends on Google, seeks to shed light on the influence of Internet on real estate purchase decisions in India. The study commissioned by the internet search giant revealed that over 50 per cent of Indian real estate buyers' decisions are influenced by internet research. Moreover, more people in the so-called tier-II towns are turning to the intern

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NRI alert: Do research before buying property in India

Date : Jun 15, 2014

Non-resident Indians (NRIs) need to be vigilant and do their research before buying a property in India, says the exhibitor of a property show. “One looking to buy a property in India must do his research well before investing in a property though the chances of being ripped off are much lower these days,” Sunil Jaiswal, CEO, Sumansa Exhibitions, organiser’s of Indian Property Show, told Emirates 24|7. “You have the internet, you can do your research about the developer, or simply call people back home to check the developer’s reputation. I don’t think people do buy just on instinct anymore,” he added. Investment in Indian property sector is one of the best investment among asse

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