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Attractive Prices

2009-02-03T06:45:00.000-08:00

Attractive Prices and anxious developers are making it easy for people to buy their Dream Home. Emerging as a buyer's market, the Indian Real Estate sector is witnessing a period of transition. The year 2009 will be a year of opportunity where the buyer will not only be the biggest beneficiary but will also rule the roost. Developers are going all out to give them what they want at newer destinations at prices that have never been so low in the last few years.

Ride High on a Buyer's Market

2009-01-31T07:14:00.000-08:00

As the incentives to the sector sink in, the demand for housing will show some strong action, most likely in the second half of the year.

A Prominent develop says, Hyderabad has seen a 30% correction and it is now a buyer's market. there has been a gentle revival in pockets in the city. Developers are trying to weave different combinations to entice the buyer to the market, so we have a string of newly focused affordable housing projects mushrooming all over the city. Many developers have also re-launched their projects with revised pricing. But the prices will have to be rationalised further to bring in larger number of buyers.

Market Wisdom

2009-01-29T03:25:00.000-08:00

विल थे रियल इस्टेट प्रिस फाल फुर्थेर? व्हेन विल थे रेविवल इन रियल इस्टेट सेक्टर बेगिन? ठेस अरे थे के क़ुएस्तिओन्स ठाट एवेर्य्बोद्य वांट्स अन्स्वेर्स फॉर. थे बुयेर इस वेटिंग फॉर प्रिक्स तो फाल फुर्थेर, सो ठाट हे माय हवे अ बेत्टर बर्गेन व्हिले पुर्चासिंग हिस लॉन्ग चेरिशेद हाउस.

थे के इस्सुए इन थे पुर्चासे ऑफ़ अ हाउस इस थे अफ्फोर्दाबिलिटी फैक्टर, व्हिच देपेंड्स ओं बोथ थे प्रिस ऑफ़ प्रोपर्टी एंड थे रेट ऑफ़ फिनान्सिंग. थे रेअल्टी प्रिक्स हवे फल्लें बी २०% तो ३०% इन थे लास्ट सिक्स मोंथ्स. बेसिदेस ठाट, मानी रेअल्टी फिर्म्स हवे लौन्चेद अफ्फोर्दाब्ले हौसेस अत सुब्स्तन्तिअल दिस्कौंत ओवर ठिर एअर्लिएर प्रोदुक्ट्स इन थे समे विसिनिटी.

More Cuts in Home Loan Rates Expected

2009-01-27T06:13:00.000-08:00

At a time when the equality markets are being bombarded with bad news, borrowers have been having a good time. The interest rates have been coming down steadily and more banks have come out with homeloan interest rate cuts.

As a result, home loans of most banks have slipped below the 11 percent level and indications are that the stage is set for the next round of rate cuts.

New incentivised schemes for Affordable housing on the Anvil

2009-01-26T05:51:00.000-08:00

In its forthcoming mid-term appraisal, the Planning Commission is likely to unveil couple of new incentivised schemes for real estate sector so that it acquires a priority status at times of meltdown and provide for affordable housing.

A Whole New Set of Procedures

2009-01-23T03:05:00.000-08:00

In the latest development the Reserve Bank of India's (RBI) draft guidelines, on the classification of commercial real estate exposure of banks, may provide some relief on loans provided for the acquisition of unites in Special Economic Zones (SEZs). The RBI revised its norms on real estate exposure where it included loans extended against the security of future rent receivables from commercial real estate exposure .

Loans extended by banks to hotels and hospitals my no longer be treated as commercial real exposure.

Encouraging for the Sector

2009-01-22T04:11:00.000-08:00

What is even more encouraging for the sector and the buyer is expected decline in the interest rates in the coming months. As bankers feel inflation may fall below the three percent level by March 2009, Interest rates on home loans will also come down to around seven percent.

Builders trying to do their best to attract Buyers.

2009-01-20T23:25:00.000-08:00

Real estate across the country, including Hyderabad had shot up so high in all locations that after a correction one cannot expect the prices to reach back or surpass those levels in a quick span. Therefore it is losing the flavor with the investors. So the timing looks difficult for both the investors and the builders in the market, as after making a lot of money, the net worth is likely to come down. It may be temporary for a few years but we all know how lucky we are at least as the prices come down but when they go up...... They only go up and up.

Hence, it is important for Builders and developers to be easy with their terms and conditions, have a long-term view for letting the investors sell at their free will, as they will never have faith in them if the market bounces back and builders will always need investors to start off and kick off the sales in a big manner.

COMPETITION HOTS UP

2009-01-20T01:51:00.000-08:00

There is good news for the property buyers, it is finally competition time in the property market today, as builders or developers have started competing with each other in placing their pricing policy. Several builders are seen slashing their prices in locations where there is abundant supply and a dearth of buyers. This trend is mostly visible in the suburbs and far suburbs but the signs are clear that a lot of builders are cutting prices to be the first ones to encash on the demand which come out. And this direction seems very healthy for the buyer or consumer as he is getting the benefit of the competition in the market, which earlier was only seen in the opposite manner, as to whose prices are higher.

INTEREST RATE FALL BOOSTS REALTY SECTOR

2009-01-17T04:32:00.000-08:00

The year 2009 will bring cheer to both homebuyers and builders alike. The sector has seen a major shift in 2008. To counter the slowdown and make houses affordable to the middle income segment, many developers have shifted their focus to the construction of affordable houses. The move has become even more effective, as interest rates on home loans have declined and are expected to go down further...

BUY BUT WISELY

2009-01-16T00:33:00.000-08:00

As property rates and interest rates on homes loans show signs of coming down, it seems likely that the next few months will see buyers slowly returning to the market. But experts believe that given the recent events and the global downturn, it is quite likely that buyers are going to be more circumspect, more likely to do their homework than in the heady boom days where projects were sold within hours of being thrown open for booking.

REALTY Sector Set for Uptrend in 2009

2009-01-10T03:55:00.000-08:00

The year 2009 may bring some cheer to homebuyers across the country. The real estate sector suffered in 2008. It started with a tight monetary policy resulting in a high interest rate regime pursued by the Reserve Bank of India to contain inflation, and was then hit by the eruption of global financial crisis in September 2008.

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2009-01-09T04:21:00.001-08:00

Official Google Reader Blog: Google Reader for Beginners

2009-01-09T03:15:00.000-08:00

Official Google Reader Blog: Google Reader for Beginners

REALESTATE NEWS YOU CAN USE

2009-01-09T01:42:00.000-08:00

Owing a house still continues to be a distant dream for many families despite of the cut in home loan interest rates announced by public sector banks.

One reason is that majority of the ongoing Residential Projects in the city address only upper-middle and higher income segments. To purchase such a flat, a person would have to go for a loan of more than Rs.20 lakh and this is outside the package.

The bank had decided to provide Home Loans of up to Rs.5 lakh at 8.5 per cent interest and loans from Rs.5 lakh to 20 lakh at an interest rate of 9.25 per cent.

Todays Top Headlines | Daily News Updates

2008-11-18T04:10:00.000-08:00

NATCON aims to revive Realty Sector

The National Conference of the Confederation of Real Estate Developers Association of India (NATCON) to be held at Macau between January 11 and 13 will discuss ways to revive the realty sector.

As many as 50 representatives of the AP Builders Forum will take part in the conference which will examine issues relating to foreign direct investment, affordable housing, quick township development and new marketing strategies.