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News Home Steve Waugh launches real estate agency to sell luxury houses to Indian expats Date : Nov 19, 2014 As they picked their way through India's dense, overpopulated slums, cricket icon Steve Waugh and his investment banking friend Dean Honan saw great struggle, but also great opportunity. India needs houses, badly. Waugh and Honan are determined to build them. The two are something of an odd couple. Waugh's face is weather-beaten after long hours in the middle of the park, while Honan has the slicked-back hair and designer stubble of a financial type. The partnership started from Honan's "yearning" to go to India, where the former Morgan Stanley vice president sniffed money to be made. Waugh, who also does extensive charity work in India, took him to Mumbai's Dharavi slums, "probably the Date : Nov 18, 2014 Despite high property prices Indian expats in UAE vote for Mumbai as the most preferred city for property purchases Indian cities also feature in top 25 Asia Pacific real estate hot spots Dubai, UAE: Despite high property prices, India's commercial capital Mumbai has time and again emerged as the most popular and attractive property investment hotspot in India as 35% UAE based Indian expats voted for the city in a recently conducted survey. In the report, published by Sumansa Exhibitions, the organizers of the renowned Indian Property Show to be held in Dubai this December from 11th -13th at Dubai World Trade Center, Bangalore grabbed the 2nd spot with 24.13% votes going for it as the most favorite city for NRI property DLF Plans to Launch REITs in 2015 Date : Nov 16, 2014 New Delhi: DLF Ltd, India's largest real estate company, plans to launch the Real Estate Investment Trusts (REITs) next year to monetize its commercial properties and is looking for strategic and financial partnership with global players. DLF is targeting to "create one or more sizeable REIT platform next year - one for office and the other for retail to recycle capital for further growth and spin off the RentCo attributable debt", it said in an analyst presentation. The company has strong a portfolio of office and retail properties from which it at present earns about Rs. 2,100 crore as rental income. DLF said the objective of launching REIT would be not only to maximise the present value of the as Debt-burdened real estate firm DLF posts higher profit Date : Nov 15, 2014 (Reuters) - India's largest real estate developer, debt-laden DLF Ltd (DLF.NS), said cost cuts helped its second-quarter profit rise 9 percent as it bids to position itself for what it hopes will be a property demand revival helped by a pickup in economic growth. DLF, burdened with $3 billion of debt and shut out of capital markets for the next three years, said late on Thursday net profit for the July-Sept quarter was 1.1 billion rupees ($17.9 million), up from 1 billion rupees in the same period a year earlier. Sales rose 3 percent to 20.13 billion rupees. Analysts on average expected the company, which builds homes, offices and shopping malls, to post a profit of 1.08 billion rupees, according to Thomson Reuters I/B/E Residential real estate in 2015: Blue skies some way off Date : Nov 14, 2014 Calendar 2014 was nothing to write home about (pun intended) for residential segment of real estate firms. The coming year may not be any different, at least in metros and tier 1 cities, unless property developers are willing to drop prices to a point where it become attractive to a potential buyer to own a house instead of renting one. With the government recently relaxing foreign direct investment norms for real estate firms, property developers have a got a fresh lease of life when it comes to funding. That will enable them to hold on to prices for a little longer in the hope that buyers will finally throw in the towel and buy the houses at the inflated rates. But it remains to be seen if holding on to prices will be of much 5 things you didn't know about India's e-commerce industry Date : Nov 13, 2014 The Singles' Day sale was originally named because the date Nov. 11 has four singles (11/11)—was started as a joke between university students, but Alibaba.com later converted it as a day when singles can shop. Late on Tuesday, Alibaba came close to generating double digit sales on Singles Day, clocking an impressive $9 billion (Rs 55,000 crore), and beating its own record of $5.9 billion last year. But to really put those numbers in context, consider this: India’s entire e-commerce industry was worth only $11 billion in 2013. Of this, a mere $2 billion was from sales of physical goods, whereas most of Alibaba’s $9 billion in sales came from actual goods rather than services. Bhiwadi: A rising star in NCR real estate Date : Nov 12, 2014 New Delhi: Bhiwadi is located is the Alwar district of Rajasthan, and is an emerging industrial destination in the NCR region. Located at just 40 km from Gurgaon, Bhiwadi is witnessing a shift from its erstwhile image as a mere industrial area to destination with full-fledged real estate viability. Being a part of the Delhi-Mumbai Industrial Corridor (DMIC), Bhiwadi is now an acknowledged as an investment zone. Still primarily driven by its industrial sector, Bhiwadi encompasses the manufacturing centres of Chopanki, Khushkhera and Sare Khurd. There is a massive amount of additional industrial development activity planned by The Rajasthan State Industrial Development and Investment Corporation (RIICO). Advantageously located Mamata sop for slum families spells gold for real estate Date : Nov 10, 2014 The Mamata Banerjee government has decided to grant building rights to around 2.5 lakh families occupying slums in some of Calcutta’s prime locations, leaving the field open for a free-for-all grab at potential real estate gold. An occupancy certificate for a piece of thika land is ownership by another name, barring the right to register and mutate property. Families living in the 4,500-odd slums across the city can build “permanent houses” on the plots they occupy or issue a power of attorney to a realtor. “Since many slums are in prime locations, there wouldn’t be a dearth of buyers for sure,” a senior official of the land and land reforms department said. Around 10,500 bighas of thi India's finance minister vows to push land purchase reform Date : Nov 9, 2014 Nov 9 (Reuters) - India will push ahead with reform to a land purchase law blamed by business for slowing industrial projects, even if there is resistance to loosening the rules, Finance Minister Arun Jaitley said on Sunday. Jaitley said changes to the law were needed to fulfil Prime Minister Modi's vision of building 100 new "smart" cities across India. "Some changes will be necessary, we will first attempt to reach a consensus, if that's not possible we will go ahead and take the decision," Jaitley said, speaking at a seminar in New Delhi. The law was passed last year with support of Modi's Bharatiya Janata Party when it was in opposition, and seeks to set fair compensation for loss of l Credai to survey housing needs Date : Nov 9, 2014 BHUBANESWAR: Confederation of Real Estate Developers' Association of India (Credai) state chapter on Friday announced that the body will conduct a survey on housing needs of people in the state to understand the buyers' needs. Credai national joint secretary D S Tripathy said the survey would be conducted among visitors to a property exhibition to be held by Credai from November 14 to 17 here. "Around 5,000 footfall is expected. We will survey their expectations on price, location, size and amenities in housing projects. It would give a fair idea about people's aspirations and guide the government and private developers in planning future projects," he told a news conference. In the expo, around Date : Nov 7, 2014 The ministry of corporate affairs document which shows the list of Vadra’s companies . Closed companies are highlighted Sonia Gandhi’s son-in-law Robert Vadra who launched six companies hoping to be the realty czar of Rajasthan and Haryana is now closing them one by one. Vadra’s dreams were shattered after the Congress lost power in both the states. The four companies Vadra has already closed include Lifeline Agrotech Private Limited, Greenwave Agro Private Limited, Rightline Agriculture Private Limited and Primetime Agro Private Limited. The two companies in the process of closing, as per the ministry of corporate affairs are Future Infra Agro Private Limited and Best Seasons Agro Private Limited. Al Launch of new homes dips by 21% in top eight cities in July-September Date : Nov 6, 2014 NEW DELHI: The number of new home launches declined by 21 per cent to 34,600 units during July-September period in the eight major cities -- with Ahmedabad witnessing the maximum drop -- as property market continues to witness slowdown and a large number of housing stocks remain unsold. Delhi-NCR, Mumbai, Chennai, Kolkata, Pune, Hyderabad, Ahmedabad and Bangalore witnessed launch of 43,800 housing units in the year-ago period, according to property consultant Cushman & Wakefield. "Unit launches decreased as developers focused on completing existing projects (in the wake of significant unsold inventory) and delayed new launches awaiting an increase in demand," C&W said in a statement. During the third qu |
  
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