Tag: property

Factors to consider while buying real estate as investment at early stage

Kamesh Chauhan is confused about his wife’s demand for buying a house in her hometown. Though she attaches a lot of sentimental value to the one-bedroom flat, Chauhan thinks it will not be a wise investment decision to buy a property with poor facilities. They have just started their financial lives together and Chauhan is… Read More ›

RBI’s hike in key interest rate to hit real estate: industry

New Delhi: Hiking of the key policy rate by the Reserve Bank of India (RBI) will hit property sales, particularly in the residential segment, real estate developers said while expressing disappointment at the move. The RBI raised the key policy rate by 0.25 per cent to 8 per cent in a bid to curb inflation… Read More ›

2014 Set To Witness Big Ticket Funding In The Real Estate Sector

Bangalore : With 2013 coming to an end, the lack of funding is one major obstacle that real estate developers wish to get rid of in the new year, especially since many key policy decisions taken this year will make it easier for developers to ensure funding for their projects. Real Estate developers can expect major investments… Read More ›

Joe Verghese: Affordable Real Estate is the Key

Like with all investing, one needs to first define one’s time horizon. I’d define short term as say three years and long term as more seven years. Now, let’s say you have a long-term time horizon and are willing to take a call on where the business hub of Mumbai is going to be. Buying… Read More ›

Global retailer Wal-Mart sets up new company in India

NEW DELHI: Global retail giant Wal-Mart has registered a new company in India as it prepares to enter the country’s lucrative multi-brand retail market with a new partner. The American retail major and Bharti Enterprises decided to part ways in October last year, bringing an end to their six-year long partnership. The retailer has registered… Read More ›

Indian real estate worth Rs 7,700cr up for sale by lenders: Report

MUMBAI: India’s dismal economic figures have expectedly hit the realty sector hard – an estimated Rs7,700 crore worth of commercial and residential properties across the country are up for sale by lenders, according to an industry study. Data compiled by NPAsource.Com, a portal that focuses on the resolution of stressed assets, show that there are around 2,200… Read More ›

AAP move to disallow FDI in retail irresponsible’

Terming the Delhi government’s decision to not allow FDI in multi-brand retailing as “abrupt, irresponsible and ill-considered,” commerce and industry minister Anand Sharma on Tuesday said India is not a banana republic where policy decisions can be reversed. The ministry, he said, will examine the communication of the newly installed Aam Aadmi Party-led Delhi government… Read More ›

Blocking retail FDI to rob India of 1cr jobs

NEW DELHI: The refusal by the Aam Aadmi Party (AAP) to allow foreign retailers to set up shop in the national capital will block creation of new jobs, dash hopes for consumers and create policy uncertainty for global chains. The move comes at a time when several global retailers led by Tesco are planning to enter the multi-brand retail… Read More ›

AAP government writes to DIPP, withdraws permission for FDI funded retail stores

NEW DELHI: The Delhi government has officially shut its doors to foreign-owned supermarket groups from setting up shop in the country’s capital, creating fresh uncertainty for a sector that had only last month received its first investment proposal after a high-stakes policy change 15 months ago. The Aam Aadmi Party-headed government has written to the… Read More ›

PE exits in real estate rose by 33% in 2013

Private equity (PE) firms focused on the real estate sector made 24 exits during 2013 compared to a total of 18 exits announced during 2012. Ten of these exits with disclosed values harvested $421 million for the investors. As far as investment is concerned, private equity-real estate firms made 45 investments during 2013. Of these, 37 transactions had… Read More ›