Luxury and mid-range housing demand surges in Pune and MMR, driven by factors like tax incentives, rising incomes, and NRI investments. Property values have increased significantly, especially in Mumbai, impacting affordability. Despite rising costs, sales remain strong, with buyers prioritizing larger homes and better amenities.
Wealthy Indians Prioritize Capital Appreciation in Real Estate Investments, Survey Finds
PNB reduces home loan interest rates above Rs 50 lakhs to 6.60% and waives processing fees as part of its Festival Bonanza
Finance Ministry proposes that real estate firms and brokers be permitted to operate banks, with regulations to prevent conflicts of interest and mitigate risks.
India's property market to attract $3 billion from overseas buyers, despite high prices, driven by robust economy and growing middle-class population.
SBI Hikes Loan Interest Rates by 75 bps, Affecting Housing and Auto Loans
RBI & DIPP to regulate Real Estate Firms' access to External Commercial Borrowings (ECBs) with stricter norms, citing misuse concerns.
RBI may increase bank provisions for commercial realty loans, potentially raising interest rates for builders.
RBI revises guidelines on banks' exposure to Commercial Real Estate, distinguishing between property-dependent and profit-dependent loans.
Unitech seeks to restructure Rs 800-crore loan from public sector banks, amid debt burden of Rs 2,500 crore due by March '09
RBI may relax provisioning norms for real estate loans, PSU banks request change to increase credit flow to the sector, citing low NPA rates.
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.
India's IT hubs face oversupply of office space, leading to potential high vacancy rates and financing difficulties for builders.
Goa to appoint NRIs to state boards, eases property disputes and investment
Foreigners in Goa face hurdles in selling properties due to FEMA violations and government bans
Rules for NRIs/PIOs buying residential/commercial properties in India, covering regulations, taxation, repatriation, and more.
Directorate of Enforcement issues show-cause notices to foreigners for alleged FEMA violations in Goa property purchases