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News Home Brick Eagle eyes investments in Karnataka, Kerala and Rajasthan Date : Mar 8, 2015 MUMBAI: Aiming to tap the USD 100 billion affordable housing market, global private equity firm Brick Eagle plans to buy into realty firms having interests in Karnataka, Kerala and Rajasthan to fuel its expansion in the country. The Hong Kong-headquartered firm has already acquired stakes in five developers, including DBS, Playtor, Olympeo, Sheltrex and Xrbia, which have a presence in states like Maharashtra, Gujarat and Tamil Nadu. "We are working towards our vision of of delivering a million housing units by 2030 and to achieve the target, we plan to tie up with developers engaged in developing affordable housing," its chief executive Rajesh Krishnan told PTI here. "We plan to expand our presence in s 5 World's Top Cities for Real Estate Investment Date : Mar 7, 2015 Real estate in cities has always been known to be a sturdy investment for long term investors and developers. Many have made millions and sometimes even billions by involving in profitable real estate development deals. Real estate property investing is all about admitting the right opportunity. Places where immense infrastructure and industrial projects come up see rapid growth, ensuring better returns on property investment. We reveal a few best real estate investment cities for investment with huge potential growth. London Overtaking last year’s top city New York, London city has been named as best city for foreign real estate investment opportunities. Far above the ground, essentially exceptional regarding high rep Modi Wants to Replace Crowded Slums in India With 20 Million Homes Date : Feb 24, 2015 Faced with increased living costs in 2012, Suresh Kumar sent his wife and children back to their village in eastern India and took in two migrant workers to share his one-room apartment on the fringes of Delhi. That brought his rent down to 3,000 rupees ($50), about a third of what he earns each month as a chauffeur in India’s capital. Despite that, he still needs to dodge puddles of sewage in the neighborhood, battle with an erratic power supply and vie with about 10 other people to use an external bathroom. “It’s a battle I have to fight daily,” said Kumar, 38, as he heated water on a portable stove for his bath. “I share the rent with others, so it’s manageable.” Pr What Budget 2015 should do for home buyers Date : Feb 22, 2015 Hit hard by the skyrocketing property prices and high interest rates, owning a roof over one's head has become a distant dream for a majority of home buyers, particularly in recent years. This despite the fact that the realty segment the world over has gone through a period of prolonged slowdown. Although sentiment around the sector has improved in the last few months -- following the recent initiatives of the Modi government and also on account of an upturn in consumer demand - a turnaround in the housing market still seems several quarters away. The government's focus on affordable housing has raised some hopes, but there are still lots to be done to give a boost to the sector and make housing really affordable for al Do we really need more house ? Date : Feb 21, 2015 A recent book says that houses grew faster than households. So, who is buying the high-cost properties in cities and how many of them? It is a curious situation. Buying a property in the prime areas of the country is almost impossible for the salaried, leading to high inventory levels all across the country. But despite being unable to sell, builders continue to build new properties and price them exorbitantly. In sub-urban Mumbai, builders are launching properties starting at Rs 3-10 crore (even Rs 15 crore plus) for three bedroom-hall-kitchen flats. The question is that do our cities need more houses? Reports suggest that builders are sitting on over one lakh flats worth over a crore each in just Mumbai and Thane. Buy penthouse and get studio apartment free… in India Date : Feb 19, 2015 Indian developers offer discounts, low home loan rates for NRIs You have heard of property developers offering buyers in Dubai everything from furniture vouchers to luxury sedans. Now that trend has started in India as well. To get buyers, Indian developers have unleashed marketing campaigns offering lower home loan rates to free furniture and from cars to free studio apartments. An Indian daily, ‘The Economic Times’ reported that in Mumbai, National Capital Region, Bangalore and Kolkata, builders are offering nearly 25 per cent discount on per square feet rates, lower home loan rates, free studio apartments to those who buy top floors (read: penthouses) of a luxury residential towers, modular kitchen How to sell property during a slowdown Date : Feb 17, 2015 If you want to sell an apartment, you may find it a challenging task in the current scenario with the real estate market in India is passing through difficult times. But there are ways you can improve your odds. Advertise locally first When you are trying to sell an apartment, as a first step, localise your search. People who have lived on rent in the area and like it, or those who have relatives living in the neighbourhood, are more amenable to a purchase. If you live in an apartment complex, put up an ad on the notice board in the lobby or on the walls near the entrance. If you have to, pay a fee to the residents' welfare association for the purpose. Also, advertise your decision to sell the apartment on online group Being ethical in real estate business: JLL India Date : Feb 16, 2015 We keep talking of ethical real estate business. Is a ‘code of ethics’ just a fancy manifesto you put on your office wall? Does it mean that the company merely steers clear of illegal dealings? If that was all there was to real estate ethics, it wouldn’t be saying much. After all, thanks to India’s rather unclear legal system, it is possible to follow the path of dishonesty and self-interest without actually doing something illegal. I have always thought that in real estate, the legal way can often be the lowest standard. The fact is, unethical practices in real estate are the product of a short-term, mercenary approach to the business. This phenomenon is most evident in smaller brokerages, which often have n Property buying sentiment gets a new boost in an improving economy Date : Feb 13, 2015 Investing in real estate is indeed a long-term decision and can be risky if approached without an understanding of the complexity that surrounds the sector. Compared to the mature real estate markets in developed countries, buyers in India need to adopt a higher degree of diligence before entering into property agreements, feel real estate experts. The issues that surface usually pertain to ownership rights of the property, understanding the difference between usable and sale-able area in the absence of standardised definitions, completion of projects and receipt of the completion certificate and so on. But the most crucial aspect is identifying the appropriate location for investment. It is in this context that INDIA TODAY Realty sector pushes for sops in Union Budget Date : Feb 8, 2015 NOIDA: With the Union budget round the corner, every section of society, especially businesses, are looking for signs of relief from finance minister Arun Jaitley. In the real estate hubs of Noida and Gurgaon, the realty sector is hoping this budget would bring sops to revive the moribund sector. Along with the confederation of real estate developers association of India (CREDAI), individual developers have already written to the ministries about the sops they are hoping for in the budget. P Sahel, the vice-chairman of Lotus Greens India Inc., is eagerly awaiting the 2015 Union Budget. "We expect attractive tax norms for real estate investment trusts (REIT), etc. We'd be most happy if interest rates for home loans India: Flat Owner Without Legal Title Has Consumer Rights Date : Feb 7, 2015 In a noteworthy judgment, the South Mumbai Consumer Forum has apprehended that a flat owner legally occupying the flat would be a consumer, even if his title to the flat might be in dispute before a competent court. In a recent case where Mr.Thurlow owned a flat in a cooperative society. Appuswami was his roommate. In 1976, Appuswami got married and started residing in the same flat with his wife. In course of time the couple had three kids and were born and brought up in the same flat. After Mr.Thurlow expired Appuswami appealed to court for the title of the flat but unfortunately expired before the title can be granted, but his wife and three kids continued to reside in the same flat. Consequently, the society intervened, Compared to China, India has far greater wealth disparity Date : Feb 2, 2015 US President Barack Obama chose his State of the Union Address to demand a better spread of wealth through a brand of "middle-class economics". He joins many leaders from the developed world in calling for action on inequality. Where is India headed and where should it be headed? ‘Wealth: Having it all and wanting more’ , a research paper published by Oxfam in January 2015, shows that the richest 1 percent have seen their share of global wealth increase from 44 percent in 2009 to 48 percent in 2014, and at this rate, it will be more than 50 percent in 2016. The 80 richest people on the planet have the same wealth as the poorest 3.5 billion people, the report says. Data source: Oxfam |
  
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