Jaiprakash Associates plans a board meeting following SDR invocation as cement sales drop significantly, amid attempts to address their financial challenges.
In 2016, Bengaluru faced a 28% deficiency in office space supply despite high demand from the IT sector and e-commerce companies. CBRE predicts a shorter supply for the year.
Experts predict that a decline in office space supply will pressure rental values, while corporate relocation and economic factors affect demand across major cities.
Private equity investment in Indian real estate and infrastructure witnessed a decline last year, according to a Grant Thornton report. However, there is optimism for increased investment in 2023.
Real estate developers rally as banks cut home loan rates, sparking hopes of increased property sales.
Mr. Lalit Jain from CREDAI advocates for reforms to boost housing construction, urging the Central Government to address delays, land costs, and taxation issues.
Indian companies saw a 58% surge in PE investments in February 2012, reaching $922.7 million across 51 deals, with real estate leading the way.
The real estate sector anticipates favorable changes in the Union Budget 2012-13, including increased loan subsidies for affordable housing and enhanced FDI regulations.
Real estate brokers in major Indian cities are switching to other businesses due to a slump in home sales. Smaller players are particularly affected, forcing many to seek jobs in different sectors.
Citigroup secures $326 billion US government support, impacting global markets and leading to changes within its Indian operations.
Housing finance is under pressure as banks increase developers' contribution limits amid rising rates and an uncertain economy, impacting real estate investments.
The Indian government acknowledges public demand for reduced home loan interest rates, particularly for loans under Rs 20 lakh, but leaves the decision to banks and the RBI.