Saturday 19 November 2011

LATEST NCR PROPERTY NEWS UPDATE NO. 1 / NOV.,2011

News


Real estate in real trouble
Indian Express
High costs of residential units, especially in Mumbai and the National Capital Region (NCR) have resulted in tapering volumes. A quarterly preview from Mumbai-based brokerage Angel Broking says that residential prices in Mumbai and NCR are currently...
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Property prices expected to fall by 25 per cent in next quarter
India Today
"In the last six months property sales in Mumbai have plummeted by 60 per cent. If we consider the Delhi NCR region, sales have gone down by as much as 50 per cent. We don't see any revival in sales without a price correction," a senior executive at ...
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Red Fort Capital invests `250 cr in Omkar Realtors' Mumbai project
Livemint
Red Fort Capital has thus far confined its investments to the National Capital Region (NCRpropertymarket. Recent major investments include projects of Ansal Properties and Infrastructure Ltd and Parsvnath Developers Ltd in Delhi. ...
See all stories on this topic »Dept: Survey work at Long Atip yet to start
Livemint
Primary market is where you buy a property directly from a builder or a developer, while in the secondary market, you buy a property on resale. “In an emerging and expanding city like Delhi-NCRtransactions in the secondary market will constitute ...
See all stories on this topic »NCR Announces Strong Third-Quarter Results
MarketWatch (press release)

Economic Times
With slots in most of the farmhouses, hotels and banquet halls in the city snaffled up much in advance, people have turned their attention to the NCR. "People are exploring venues in the NCRafter failing to find one in Delhi. ...
See all stories on this topic »Hike in circle rates may hit property demand in Delhi: CREDAI
Economic Times
Leading property consultant Jones Lang LaSalle India Managing Director Delhi NCR Nitish Bhasin said that the number of transactions would decline because of increase in the circle rates. The state government today hiked the circle rates by up to 250 ...
See all stories on this topic »Investors cautioned to watch out for builders' behaviour from first dealing
Hindustan Times
Developers and agents in Delhi-NCR's real estate market are taking retail investors for a ride and this has become a common practice. This was expressed by 100-odd users at an investors' forum on prices, bank loan, delivery of projects and clearances ...
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Will Real-Estate prices fall now?
Moneylife Personal Finance site and magazine
According to Liases, Mumbai is the costliest place to live in and, therefore, the sales velocity, ie, rate of property offtake, is the lowest among six cities (Mumbai, Delhi/NCR, Pune, Hyderbad, Chennai and Bengaluru) intensely tracked by Liases. ...
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Demand Curve for Residences in Delhi Remain High
AddPR.com (press release)
The real estate which is new and upcoming in Delhi, especially in the suburbs of NCR, is modern, comfortable and chic. It is build from scratch keeping in mind popular demand, tats of today`s buyer etc. Whether a studio apartment for Delhi university ...
See all stories on this topic »Realtors seek new small towns
Hindustan Times
“Only about two months after I bought the property, prices seem to have jumped up by 5% to 7%. The apartment has amenities at par with those in Mumbai or NCR apartments,” said Joshi, who bought the 2000 sq ft apartment in August. ...
See all stories on this topic »Worldhotels eyes 10 hotels under own brand in India by 2014
Economic Times
Worldhotels currently provides its services to ten hotel properties in India, including the two Claridges hotels in Delhi and NCR, The Sahara Star in Mumbai and Aamby Valley in Pune. In China, the company has plans to develop over 75 hotels under the ...
See all stories on this topic »LIC Housing Finance to hold 3-day property fair in Delhi
Economic Times
Home For All Expo will be organised between 4-6 November at Pragati Maidan, LIC Housing Finance said in a statement. The expo will showcase the best of offers in residential real estate propertiessegment in Delhi-NCR from scores of builders, it said.
See all stories on this topic »LIC Housing sanctions more than Rs 100 crore in loans in 3 days
Times of India
"We have sanctioned more than Rs 100 crore to home seekers in this three-day property show. The majority of the people are looking for better housing projects at affordable prices in the Delhi-NCRregion," LICHFL regional manager Ajay Grover said in a ...
See all stories on this topic »Cebu firm expands in Luzon


India Today
... founder and CEO, GenReal Property Advisers. It means that the average price, which was around Rs 2000 per sq. ft. in Greater Noida, might go up to Rs 2300 per sq. ft. But that's still lower than the prices prevailing in other NCR areas. ...
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HNIs provide liquidity to Bangalore developers
Economic Times
"The commercial property prices in Bangalore are more affordable compared to those in NCR and Mumbai. Tenants here are more stable and pedigreed, given the dominance of the IT industry. And these are huge positives for HNI investors," says Anuj ...
See all stories on this topic »DLF's net profit falls 11% to '372.41 crore