Affordable housing in India is not sub-prime
Thanks to a variety of witty presentations explaining financial woes
afflicting the US via e-mails, everyone today is an “expert” on
sub-prime;everyone is risk-averse and everyone who is not affluent is
seen as “high risk” and deemed by most as “sub-prime.”
But, there are fundamental differences, both in the economic
situation and the customer [...]
Rising demand for affordable homes
Property prices within the metropolitan areas of Delhi, Bombay, Hyderabad and Bangalore have seen massive growth in recent years and prices in some areas are considered
to be excessive. But, outside this golden circle, in cities such as
Mohali in the foothills of the Himalayas and in the boom town of
Rudrapur, in neighbouring [...]
Foreign Insurers Set to Invest Heavily in a Cash-Starved India Market
India’s latest move to liberalize its insurance sector may create
the long-hoped-for opening for foreign insurance companies to advance
into the under-developed market. But while business is thriving,
foreign insurers must face reality checks in the form of the country’s
limited capacity for infrastructure and system supports, competition
from public [...]
Centrum Broking Pvt Ltd today shared findings from its research report on the Mumbai Real Estate Sector.
It expects a 30-35% fall in India’s residential prices from the peak, with the Mumbai Metropolitan Region (MMR) estimated to witness the lowest fall of 20-30% until April 2009. Residential demand in Mumbai is estimated at 66mn.square feet vs [...]
Real estate developers frustrated over credit policy
Real estate developers
and consultants expressed disappointment over the RBI’s credit policy
announced today and has asked the apex bank to infuse more liquidity
into the system and to the property sector.
“It’s disappointing but understandable,” global real estate
consultant Cushman and Wakefield Managing Director (South Asia) Sanjay
Verma said.
He noted that though inflation has [...]
Realty stocks battered, Unitech down by over 51%
Real estate sector was the biggest loser in today’s stock market plunge, led by country’s second largest firm Unitech that witnessed a sharp fall of over 51%.
The realty index witnessed a 24.4% decline, which is more than
double the benchmark index Sensex fall of nearly 11%. The index has
fallen [...]