Vertical development in India, driven by land scarcity and housing demand, fuels a 40% annual growth in the elevator industry, particularly in the housing sector.
Office space demand in India is projected to reach 30.5 million sq. ft. in 2013, a 12% year-over-year increase, driven by improving global economy, increased FDI, and revised repo rates.
India holds the 20th position in global real estate investment, with $3.4 billion received last year, signaling potential growth in 2013.
Budget 2013-14, announced by Finance Minister P. Chidambaram, introduces mixed measures impacting both high earners and common taxpayers, with changes in tax structures, luxury items becoming costlier, and benefits for first-time home buyers.
The Supreme Court criticized Sahara Groups for not refunding Rs. 27,000 crore to investors and demanded repayment within a week.
DLF shares increased by 3.2% after Goldman Sachs upgraded the stock's rating to "buy", citing increased residential launches and commercial property recovery.
ICICI Bank reported a 31% quarterly profit increase, anticipating loan growth supported by a recent rate cut despite concerns about India's economic outlook.
The Indian real estate market offers lucrative investment opportunities for NRIs, particularly due to the rupee's depreciation. Experts suggest that now is a good time for NRIs to invest in various property types.
Despite a slowdown in GDP, office space absorption in India remained consistent in 2011-12. However, the outlook for 2012-13 appears challenging for developers.
Indian real estate sector faces liquidity concerns due to global debt worries, with 2012 expected to be a challenging year with expensive debt, cautious private equity, and a rise in structured debt deals.
The real estate industry is projected to reach $180 billion by 2020, highlighted during a seminar at Acharya Bangalore B School that engaged students with industry experts.
Indian companies' overseas investments rose 37.6% to $2.77 billion in March, with major investments in real estate and services
Dhanlaxmi Bank denies plans to close branches, focusing on cost control and growth strategies amid pressure from declining margins and net losses.
JLL India predicts marginal appreciation in residential unit prices over the next 6 months, driven by improving affordability and demand, despite current market slowdown.
Two Indian real estate deals, Leela Kempinski Kovalam and Noida's Wave Mega City Centre, ranked among Asia's top ten in August 2011, according to Real Capital.
Lemon Tree Hotels aims to open 100 hotels in India by 2020, expanding its capacity to 10,000 rooms, while delaying its real estate venture with Warburg Pincus.
Indians topped Dubai's property buyer list in 2011, investing Rs 292 crore, marking 16% of total new investments. Asian investors, with UAE and Indian nationals leading, comprised 68% of the investor pool.
A developer warns against misleading real estate reports, emphasizing the rising input costs. However, opting to rent may be a smarter financial decision.
The Trump Organization plans to expand its luxury residential and hotel projects in India over the next five years, focusing on cities like Mumbai, Delhi, Bangalore, and Goa, despite regulatory challenges.
Mr. Lalit Jain from CREDAI advocates for reforms to boost housing construction, urging the Central Government to address delays, land costs, and taxation issues.
This Navaratra marks a significant resurgence in the real estate market, as buyers eagerly engage in transactions, a trend anticipated to continue through the summer vacation.
Income Tax Offices Open on March 31, 2012 for Year-End Rush
Mauritius' high-end estate market shows resilience amidst global economic slump, driven by Integrated Resort Schemes and foreign investment.
India's national treasury may have lost $210 billion due to sweetheart coal deals between 2004-2009, sparking a major corruption scandal and political uproar.
IMF chief Christine Lagarde emphasizes the need for a robust financial sector to drive economic growth, citing it as a key lesson from the global slowdown.