Indian real estate companies resist government pressure to lower prices, citing high taxes and low demand. Developers believe reducing interest rates is key to reviving the market.
Finance Minister P Chidambaram assured real estate developers that the government will encourage banks to boost lending and lower interest rates for affordable housing.
Naredco and Credai have urged the government to ease foreign investment norms and modify regulations to boost funding for ongoing real estate projects amid a credit squeeze.
Bangalore real estate developers seek professional training for agents to boost buyer confidence and adapt to market changes.
Ahmedabad is attracting significant NRI real estate investment, rivaling Mumbai and Goa. Driven by better appreciation and affordability, NRIs are showing increasing interest in high-end properties.
Real Estate Sector Seeks Regulator to Encourage Transparency
HDFC chief points out how environmental clearances result in substantial delays and cost overruns in housing projects, raising concerns among real estate developers about mounting expenses and inefficiencies.
Karnataka real estate developers plan a price increase of 3-8% from June 10 due to rising construction costs and higher labor rates.
Kerala's real estate is attracting NRI investment, with a property expo in Doha showcasing township and residential projects. Driven by a growing IT sector and Gulf buyers, the market shows a strong upward trend.
St Xavier’s College in collaboration with CREDAI plans to launch a one-year postgraduate diploma in real estate management to meet growing demand.
Mumbai's real estate developers raised concerns over surging steel prices, urging an investigation as it threatens construction plans for the Commonwealth Games 2010.