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January 2009 - Posts

25 January 2009
Goldman Sachs Buys A Rs 30 Crore Stake In Indiabulls Real Estate
Foreign fund Goldman Sachs Investments Mauritius (India) has bought shares worth Rs 30.84 crore in Indiabulls Real Estate through open market transactions. As per the information on bulk deals available on the National Stock Exchange, Goldman Sachs Investments Read More...
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25 January 2009
Banks Reassess The Value of Properties As Prices Fall
With a sharp decline in property prices, leading banks, including State Bank of India, have started revaluing properties against which loans have been granted. According to sources familiar with the decision, banks are worried that the recent fall could Read More...
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25 January 2009
Tough Time Ahead for Indian Builders
Unitech is the worst performing Nifty stock of 2008, the stock has crashed 92 per cent. Its peer, DLF is no better, it has fallen 80 per cent while developers such as Parsvnath and Sobha too have lost 90 per cent. The real estate market has been the worst Read More...
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25 January 2009
Property Prices In Suburbs Show Better Growth Than City Hubs
Property rates in middle-class neighbourhoods of Delhi have grown at a much faster pace than key localities between 2001 and 2007, according to the country's first real estate price index. Latest NHB Residex data, released by home loans regulator Read More...
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25 January 2009
The Who's Who of India is looking for Second Homes Abroad
The real estate sector is one of the worst-hit sectors globally thanks to the financial slowdown, but for the well-to-do Indians, this is an excellent opportunity. With property prices falling across borders, buying property abroad is suddenly making Read More...
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25 January 2009
Indian Realtors Bank On CPs
Indian real estate companies have taken up borrowings through issuances of commercial papers (CPs) after the country's central bank injected liquidity by slashing cash reserve ratio and as banks continue to shy away from extending loans. Realtors Read More...
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25 January 2009
ICICI To Trim Home And Auto Loan Rates
Customers of housing, auto and personal loans of ICICI Bank will get their New Year gift in the form of a cut in interest rates, its CEO and managing director, Mr. K V Kamath said. The extent of the rate cut is being regulated and would be announced soon, Read More...
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25 January 2009
Property Taxes In South Mumbai Get Real
Many people residing in South Mumbai pay 0.32 paise as property tax a sq ft a month. Even a resident of a MHADA transit camp in a suburb pays a property tax of Rs 1.65 per sq ft a month. This will get real from now on as there will be a greater parity Read More...
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25 January 2009
Mhada Invites Buyers For Low-Cost Houses
For those looking for affordable homes in Mumbai, Maharashtra Housing and Area Development Authority (MHADA) has announced a sale of 3, 863 flats built by it. Ranging from 225 sq ft to 870 sq ft, the prices of these flats vary from Rs 3.5 lakh to Rs 45 Read More...
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25 January 2009
Realty Slowdown - An Opportunity in 2009
High interest rates and even higher property prices in 2008 almost killed the householder's biggest dream - to own a house. But with financial downfall has come an opportunity. In 2009, interest rates may fall as the government initiates to rejuvenate Read More...
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