Indian Property News on 'April, 2007'

Protest Against SEZ Becomes Huge in Gurgaon

The confrontations against development of Special Economic Zone (SEZ) along the KMP Expressway to come up at the place of village land for industrial zones are getting fiercer day by day.  Farmers have decided to block all roads leading to Gurgaon on May 13 to make their concerns heard.

A large number of families will out protest rally against the state government and private companies’ decision to acquire village land. All farmers would spread out to different entry points of Gurgaon and will not allow traffic to enter from neighboring districts. Read More »

Property Tax Payments Goes Online, says MCD

MCD has received an enormous response to its online tax payment scheme. Encouraged by the same, the authority is pondering over to make it mandatory from June 1.

The shift will enable the MCD to extend the benefits of online payment scheme to the rural areas as well as the Capital, says MCD Collector, AK Ambasht.

There are several advantages of making online payments. Apart from cutting on the messy legwork, it is also a faster medium which helps both the payee and the authority to maintain work efficiently.  For that reason, the authority is contemplating making it compulsory. Read More »

KOAPA to Launch a Real Estate Policy

The Real Estate Expo of the Karnataka Ownership Apartments Promoters Association (KOAPA), organized at the Grand Ashok had received exceptional interest from the potential investors.  This two-day show, with over 30 property developers and promoters, gave the investors a never before opportunity to view exclusive property projects in Karnataka.

Sponsored by LIC Housing Finance and co-sponsored by ICICI Home Loans, the exhibition was officially inaugurated by S.K. Mitter, Director and Chief Executive of LIC Housing Finance Limited. Read More »

A Coding System to Deter Scams in Property Market

Demand for greater transparency in Indian real estate seems to have encouraged the Delhi government to take stringent steps. It has come up with an effective coding system to be called ‘Land Title Registration System’ to track property sales.

The system will certainly be of great help in preventing fraud by enabling online property verification, minimize litigation relating to property rights and establish legality of ownership. The government will allot a unique code to all the existing properties in the Capital which will further help to bring the growth of unauthorized colonies under the lens. Read More »

Realty Projects Draw India, UAE Closer

Love of Indian property developers for Dubai property and vice versa apparently shows both the countries being bullish on expanding their footprints in each other’s arena.

A number of prominent Indian real estate developers such as Nahar Group and Sheth Estate are looking forward to carve out a substantial niche in Dubai, the most lucrative emirate of UAE. And then there are UAE based construction companies like Sternon Group are setting up real estate projects in India.

Sheth Estate has plans to invest 1.5 billion dirhams into Dubai’s real estate market. The company will foray with its first two residential towers – Iris Blue and Iris Bay, located within Dubai Marina. The construction is likely to be over by December. Indeed, the company boasts of being ahead of time with already having built 23 floors. Read More »

Indian Realty Cos Become Prey of Falling Stock Market

Hit by rising interest rates, it is no more a  ‘bull market’ for Indian real estate stocks. Shocked and suffered by the same, eight real estate firms have put on hold their plans of listing on the Alternative Investment Market (AIM) of the London Stock Exchange.

These companies now find themselves unable to raise the expected funds. “Although we have filed the papers but we don’t find it an ideal time to list”, says a Mumbai based property developer Lok Housing and Companies, who are among the real estate companies who have deferred the AIM listing. Following in footsteps are the prominent players such as Ansal Properties & Infrastructure Ltd and the Embassy Group of Bangalore. Read More »

Insight of Mumbai Real Estate Market

To own a beautiful house in first-rate area of any city is everyone’s dream in India today. But this dream becomes all the more difficult if you would like to own a house in big cities like Mumbai, Delhi, Kolkata, Chennai, and Bangalore. In metros like Mumbai, it is a gigantic task to come across an appropriate house within your means. But this tricky task can be made easy and trouble-free if you can engage the services of a competent property consultant who knows the in and out about Mumbai Real Estate market.

Mumbai property market is the largest real estate market in India. With a population of around 19 million people, Mumbai and its suburbs encompasses one of the biggest urban agglomerates in the world, that is only second to Tokyo. The population of Mumbai is increasing at a massive rate. Unfortunately, the rate of new residential and commercial property development in Mumbai has always been lower than the rate of increase in population. As a result, you come across families in Mumbai who are forced to live in small rooms. All these facts point to the amount of intricacy you can face while locating a suitable property in Mumbai either to buy or rent-in. Read More »

Which Country Will Falter in The Race of Real Estate Stocks?

An unexpected poor selling of Spanish real estate stocks has sent warning signals to property market worldwide. Industry connoisseurs are predicting the end of Spain real estate boom that has sustained itself for the past 10 years.

Outline below are the real estate stock trends of some major countries which boasts to have bullish realty stock market. Let’s scout who emerges as a true winner and who falters in the long run? Read More »

HFCs Fear to Loose Market Share to Banks

The profits of housing finance companies (HFCs) are likely to be majorly affected by the race among banks and rising home loan interest rates. Incremental net profitability margins of HFCs are believed to have fallen to 1.52% in the first half of 2006-07, from 1.76% in 2004-05.

HFCs may loose against banks in gaining market share race. From 23% of the incremental market, the share of these companies is likely to fall to 20% at the end of the financial year. However, banks seem to be on safer side this time because of their resource profile. They can easily attract deposits and also have current and saving accounts. Contrary to this, HFCs are largely dependent on wholesale borrowings. Read More »

Limited Time Offer on Bangalore Property Sale!

You must have heard about sale on apparels, accessories, household commodities. But have you ever seen sale on properties? Or think about the real estate sale advertisements wooing you with the catchlines like Hurry! Limited Time Offer! Must Act Today! Interesting enough! Isn’t it? The prime properties in Bangalore are on sale and offers 80% off!

This was the catchline at the auction sale in Bangalore urban deputy commissioner’s office where they have put several plots on auction for unbelievable cheap prices. However, the auction has gone below the guidance value rates. Read More »