New Delhi: Real estate developers across the country are unlikely to witness higher sales this festive season even as the Reserve Bank of India (RBI) has slashed the interest rate by 0.25 per cent, according to the findings of a survey. “Buried under high debt and inability of developers to complete and hand over ... Read More »
New Delhi: In the high-profile Saradha Realty case, the Securities and Exchange Board of India (Sebi) on Friday imposed a fine of Rs 2 crore on the company, its chief Sudipta Sen and two directors for failing to comply with its earlier directions to wind up illicit money-pooling schemes and refund the investors. Saradha ... Read More »
The Swiss bank is starting a new business that will help investors capitalize on reduced property prices after a two-year recession, the firm’s Brazil chief executive officer, Sylvia Coutinho, said in an interview in Sao Paulo. Specialized consultancy Real Estate Capital will work exclusively with the team, and REC CEO ... Read More »
Dussehra, an auspicious day for homebuyers to book apartments, gave hopes to builders who have seen a slowdown for the last few years. The sales, although not very significant, have encouraged the realty estate market. Builders’ announcement of sops and incentives such as discounts, freebies such as vehicles, gold coins ... Read More »
It is premature to imagine that the real estate regulator which comes into existence, as and when the Real Estate (Regulation and Development) Act is notified, will act as a panacea for all the ills of the realty sector in India. There is no reason why doubts shouldn’t rise on the ... Read More »
Rising buyer demand and increasingly short supply are lighting a fire under the U.S. housing market. Home prices in August surged on a monthly basis by the largest margin in 11 years, and the annual price gain of 6.2 percent is a sharp acceleration compared to the past two years, ... Read More »
Fears in the European banking community last week created something of a tantrum in U.S. bond markets, driving yields down and taking mortgage rates along with them. As a result, mortgage application volume rose 2.9 percent on seasonally adjusted basis for the week from the previous week, according to the ... Read More »
The average rate on the popular 30-year fixed mortgage has been so low for so long that a good chunk of borrowers can’t even contemplate the idea of it ever going higher. Why should they? Every time we warn of rising rates, or see a tiny bump up, some global ... Read More »
Hong Kong tycoon Cheng Yu-tung, the patriarch behind the Chow Tai Fook jewelry chain and a global real estate empire that includes New York’s Carlyle Hotel, died Thursday. He was 91 years old. Mr. Cheng “died peacefully” with family by his side, according to a statement from New World Development ... Read More »
Gurgaon-based DLF has been ranked India’s most reputed real estate brand followed by Godrej Properties and Lodha Group in second and third places respectively, according to a report. The study conducted by BlueBytes in association with TRA Research (both part of the Comniscient Group), features Hiranandani Developers at the fourth ... Read More »
Kuwait Projects Co (KIPCO), the Gulf state’s largest investment company, said on Sunday construction had begun on its $2.0-$2.5bn real estate project in Kuwait, which has been downsized by around half from its original estimated cost. The mixed-use project, which had previously been valued at $5bn, was scaled down after ... Read More »
Kuwait Projects Co (KIPCO), the Gulf state’s largest investment company, said on Sunday construction had begun on its $2 billion to $2.5 billion real estate project in Kuwait. Banks will provide financing for half of the project, with KIPCO funding the remainder directly, said Tawfiq al-Jarrah, executive director of Hessah ... Read More »
