PropertyWala.com, voted India's best real estate website of 2008 by 1.5 million users, offers user-friendly property advertising services. Its comprehensive platform features pictures, videos, and detailed descriptions, making it a top destination for Indian real estate.
Banks urge RBI to relax debt restructuring norms for real estate companies to avoid classifying advances as bad loans, seeking uniformity with other sectors.
Barwa Real Estate and Sun Group have formed a joint venture, Sun-Barwa Land, to explore high-growth opportunities in the Indian real estate sector.
The Indian real estate sector faces a potential 15-20% price correction over the next six months due to a severe credit crunch and demand slowdown. Banks and PE funds have tightened lending, leaving developers in a liquidity crunch.
Build Up 2008: Indian Real Estate Feels Global Slowdown
The Indian real estate sector has seen a significant slowdown, with sales dropping 30%-40% as inflation and liquidity issues strain the market.
Realty stocks dipped 3.70% on Wednesday, led by Indiabulls Real Estate which plunged by over 11%. DLF also saw a decline amid weak market sentiments.
The Indian real estate market faces a significant slowdown, but agents and developers are hopeful that the upcoming Diwali season will revitalize activity.
Falcon Realty Services launches Global Eco-City, a 35-acre green project in Delhi-NCR, offering sustainable homes with solar heating, insulation, and organic farming.
Leading real estate developers in Mumbai unanimously agreed to reduce home prices by 10-12% during a recent meeting at the Grand Hyatt Hotel.
NCR Sees 20% Drop in New Housing Projects Launches as Mid-Income Units Gain Traction
India's real estate sector is experiencing a significant downturn, prompting developers to offer extravagant incentives, such as free BMW cars, to entice buyers of luxury apartments.
Design Arch to develop Rs 150 crore green tech residential project in Greater Noida, with plans for 10 more across India by 2010-11
DIPP and RBI to meet over Lehman's $500M Indian real estate assets, exploring rules for repatriation of funds due to foreign investor bankruptcy.
Lehman Brothers' bankruptcy may cost Indian real estate $1 billion, impacting investments in firms like DLF and Unitech, and exacerbating the credit crisis for Indian developers.
HDFC and its asset management unit have over $1 billion in property funds to buy distressed real estate projects during the current downturn.
A slowdown and price corrections in India's real estate sector are seen as temporary, with 62% of developers expecting long-term growth, as per Ernst & Young and FICCI's 'Realty Pulse' report.
Sobha Developers launches Sobha Scarlet in Mysore, a 14.2-acre project with 83 villas.
Foreign investment in India's real estate grows, despite recent regulatory challenges. Investors eyeing second-tier cities for deals. Minimum project area, capitalization, and time constraints are highlighted.
Goel Ganga group expands, delivering 10,000 flats in 3 years, investing Rs 5,000 crore in Pune, Bangalore, Mumbai, and Nagpur, with new hospitality ventures.
NRI investment in Indian real estate is booming, driven by strong remittances and the market's stability. Major developers are witnessing a significant increase in NRI sales, particularly in cities like Mumbai, Ahmedabad, and Goa.
Indian real estate businesses are embracing IT solutions to automate processes, enhance transparency, and improve performance.
Matheran Realty's lottery-style sale for 2,000 affordable flats in Karjat, priced at Rs 3 lakh, with funding from Eredene Capital and technical support from Sterling Construction Systems
Parsvnath Developers eyes stake dilution to control debt amidst rising interest rates, reports 16% drop in Q1 net profit.
Indian developers are increasingly hiring foreign architects for their projects, seeking a global perspective and expertise. While this offers advantages, some raise concerns about foreign firms' understanding of Indian business complexities.