Corporates are launching new funds to acquire assets in the Indian property market, anticipating significant value erosion. Several groups are raising funds ranging from Rs 500 crore to Rs 1,000 crore, targeting both upcoming projects and existing assets.
HDFC and its asset management unit have over $1 billion in property funds to buy distressed real estate projects during the current downturn.
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.
Small builders in Lucknow face financial strain due to rising inflation, increased interest rates, and escalating construction costs, impacting project pricing and buyer interest.
Real estate companies in India are facing challenges with rising costs and sluggish demand, raising concerns over financing transparency compared to their Chinese counterparts.
Sales to NRIs in India show resilience despite domestic slowdown and have tripled over half a year.
India and China significantly improve real estate transparency in Asia Pacific, ranking in semi-transparent and low transparent levels respectively.
ETA Star plans $400 million fund via Islamic bonds to develop 120 million square feet in India and expand into other Asian markets.
British investors seek higher profits in India's booming real estate market amid slowdown in UK property sector
Omaxe reported a consolidated net profit of ₹495 crore for FY 2007-08, a significant increase from the previous year, alongside a 60.26% revenue rise.
India's property market shifts focus to affordable housing as demand for luxury apartments cools. Developers now target young professionals with smaller, more budget-friendly homes.
SEBI allows Real Estate Mutual Funds to provide funding relief for Indian real estate sector amid credit challenges
India's rapid economic growth positions its real estate sector as a lucrative investment opportunity for both local and foreign investors.
The Indian real estate sector faces significant valuation declines, with firms trading at steep discounts to their net asset values amid global economic turmoil.
The disparity between homeowners and tenants in Mumbai is stark, with rising rental prices reflecting the booming real estate market, according to industry experts.
RBI's decision to hold interest rates steady has disappointed the real estate sector, which is grappling with a housing slowdown. Industry experts express concern over high mortgage costs and anticipate varied impacts across markets.