India is among the world’s top three preferred investment destination, but equity caps limit the size of potential inflows, according to a Columbia University report. The report cited liberalization in FDI policy and several economic sectors, a globally competitive workforce, and rapid GDP and market growth as the main drivers of foreign investment in India. Yet, it [...]
Continue reading...6. March 2010
Those looking to buy a house would do well to book one before July, when the new service tax levy on construction service will come into effect. The cost of flats will go up 3.3% of the total purchase consideration once service tax begins to be levied on construction. The government is considering exempting from tax [...]
Continue reading...16. February 2010
A month and a half before the unveiling of India’s consolidated foreign investment policy, the government on Thursday doubled the ceiling on automatic foreign investment from Rs 600 crore to Rs 1,200 crore. Union commerce minister Anand Sharma, who announced the decision, said the move is expected to make India a more attractive destination for [...]
Continue reading...13. February 2010
A veteran journalist often advised his junior colleagues to buy a house before they were 40, and another before they retire! Noted journalist and writer, late V S Upadhyay, who played a key role in acquiring land from DDA for Delhi-based journalists in Gulmohar Park and was also responsible for enrolling many journalists as members of [...]
Continue reading...5. February 2010
The news that in 2009 India produced more Dubai real estate buyers than any other country may not be a big surprise – but it does trigger the question: when will India reciprocate, and allow the rest of the world to easily buy a stake in its real estate? India’s role in Dubai is easy [...]
Continue reading...6. January 2010
The Rs 70,000-crore Indian real estate sector is expected to see fresh investments to the tune of $1.5 billion in residential deals by exclusive real estate funds in the financial year 2010-11, three times more than the total quantum that such funds invested in FY 2008-09. These funds include Sun Apollo, HDFC India Real Estate [...]
Continue reading...29. December 2009
After a lull in the realty space for a significant part of 2009, property developers as well as buyers are gearing up for some hectic activity in the sector in 2010. A rebound in economic growth, the surfeit of home loan offers and continued thrust on infrastructure development have revived investor interest in real estate. ET [...]
Continue reading...20. December 2009
Low-density housing, with homes set out spaciously amid sprawling green spaces, is growing increasingly popular and real estate developers such as the Jaypee Group, Fire Capital Fund and Vipul are wooing buyers with a number of such niche projects. Low-density housing projects have an average of only 10-20 dwelling units acre and are priced a premium compared [...]
Continue reading...18. December 2009
The department of industrial policy & promotion (DIPP) has set up a monitoring cell to investigate the end-use of foreign funds raised by realty firms, according to official sources. Its objective: to ascertain whether companies diverted the money to areas where FDI is banned like buying agricultural land. The development comes at a time when [...]
Continue reading...16. December 2009
India leads the pack of top real estate investment markets in Asia for 2010, according to a study by PricewaterhouseCoopers (PwC) and Urban Land Institute, a global non-profit education and research institute. The report, which provides an outlook on Asia-Pacific real estate investment and development trends, points out that India, particularly Mumbai and Delhi, are [...]
Continue reading...5. December 2009
The residential segment emerged as the most resilient asset class this year because of product innovations, tailored to consumer demand, by developers, says Vandana Ramnani Of all the real estate asset classes in India, the residential segment has, over the past one year, been showing some promise. True, it has been quite a roller coaster ride for [...]
Continue reading...27. November 2009
Boost For Construction As Commerce Min Pushes For More Foreign Funds The commerce ministry has moved a proposal to remove the condition of the minimum lock-in period for repatriation of FDI in construction industry. According to a note circulated among pertinent ministries for their comments, the move is aimed at further easing FDI flow in [...]
Continue reading...24. November 2009
Doing away with this lock-in period has been a long-standing demand of Indian developers as well as foreign investors To boost foreign direct investment (FDI) in real estate, the government may remove the mandatory three-year lock-in period for overseas investments in the sector. The department of industrial policy and promotion (DIPP) has proposed this move, with a [...]
Continue reading...22. November 2009
India needs Rs 3.6-lakh crore of investment over the next five years to construct an additional 2.65-crore housing units for six crore citizens, a top HDFC official said. “Over the next five years, we need 26.5 million additional housing units, investment requirements of over Rs 3,60,000 crore and need to re-house 62 million persons who live in [...]
Continue reading...21. November 2009
What are you getting into if a seller promises you `assured returns’ on the property you are buying? Many advertisements today DFOmise VOU promise you `assured returns’ if you buy property. What exactly does it mean? When assured returns are promised on property under construction, an agreement between the buyer and the seller is worked out, under [...]
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14. March 2010
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