Indian Real Estate Talk

Demand for Loan Highest from Real Estate Sector and NBFCs: RBI

2011-04-12T01:51:00.000+05:30

Banks have experienced strong demand for loans from non-banking finance companies (NBFCs) and from the real estate sector during the year till February, shows the latest data released by the Reserve Bank of India. “Credit growth to NBFCs at 46.4 per cent on a year-on-year basis in February was significantly higher than the growth of 19.8 per cent during the corresponding period of the previous year,” RBI said. During the first 11 months of the financial year, loans to NBFCs increased by 39.9 per cent as compared with 9.7 per cent during the corresponding period last year.

Bank credit to commercial real estate (CRE) grew by 17.8 per cent for the year till February, as compared with 0.9 per cent growth during the same period last year. On a financial year basis, credit to CRE grew 17.1 per cent as against a decline of 0.9 per cent during the corresponding previous period. Overall credit growth till February was 22.8 per cent in 2010-11, compared to 15.9 per cent of the previous year. This was higher than RBI’s projection of 20 per cent. During April-February, non-food gross bank credit growth was 16.8 per cent as compared with 11.1 per cent during the corresponding period.

The central bank says all the major sectors, except agriculture, recorded accelerated credit growth this financial year. During the financial year up to February 2011, credit to agriculture grew 5.3 per cent as compared with 9.4 per cent during the corresponding period of the previous year. The central bank also noted growth in personal loans — including those for buying consumer durables, credit cards, auto loans — was substantially higher during the period under review.

Reporte By : Indian Realty News

Real Estate Developer Wants to Pull out Of Slum Rehab Project, Seeks Refund

2010-02-16T18:31:00.000+05:30

With the Delhi Development Authority (DDA) and Delhi government’s Environment department involved in a legal tussle over whether a part of land earmarked for Tehkhand Slum Rehabilitation project is part of the ridge, the project is unlikely to see light of the day soon. As a result, real estate company Indiabulls, which was to carry out the project, has written to the DDA seeking refund of Rs 450 crore along with interest. The letter also asks the company to be allowed to pull out of the project.

In 2006, the DDA had auctioned off 11.8 acres in Tehkhand, an area adjoining the Tughlakabad greens in South Delhi, to a consortium of DLF and Indiabulls real estate for Rs 450 crore. Indiabulls bought out DLF’s stake in the project for an undisclosed amount two years later. “As per our agreement, the consortium was to seek all statutory clearances before they began work on the project. They got all major clearances but the matter got stuck when the Delhi Pollution Control Committee (DPCC) contested that some parts of the property were technically a part of the ridge,” a senior DDA official explained.

Ref: Indian realty news.

Property prices see the fastest rise in Kolkata

2010-01-10T23:32:00.000+05:30

Property values in Kolkata have risen at the fastest pace among Indian metros since 2007, according to the National Housing Bank’s (NHB) Residex—an index of property prices.
Property values in Kolkata rose by an average of 16.8% while those in Bangalore fell by 15.6% in the period. Fewer speculative deals and lower base prices saw the eastern Indian metropolis outpace hotter property markets such as Mumbai and Delhi, where property values rose at a comparatively sedate average of 7.5% and 7.3%, respectively

Realty industry presents pre-budget document

2010-01-10T23:30:00.000+05:30

Members of the real estate industry on Thursday presented their pre-Budget memorandum to finance minister Pranab Mukherjee. The recommendations of the industry include sops such as restructuring existing debt of developers till March 2011, re-introduction of section 80 IB(10), which gives tax incentive for building smaller houses, and increasing ceiling of Rs1 lakh under section 80C to Rs2 lakh and Rs1 lakh to be exclusively reserved for payment of principal borrowed for the purchase of a house.

Retail real estate yet to recover fully

2010-01-10T23:28:00.000+05:30

Indian realtors might have seen good October-December sales, but a recovery in the retail real estate segment still hinges on availability of spaces at competitive rates and improvement in consumption, global consultant C B Richard Ellis has said.
“The retail sector will take some time to fully recover, depending on improvement in domestic consumption, consumer sentiment and availability of retail space at competitive costs,” CB Richard Ellis (South Asia) chairman and managing director Anshuman Magazine said in a statement on Wednesday.

Something about us.

2009-04-27T12:58:00.000+05:30

We make the dream the possession.

Kolkata based Real Estate Company.
Started since 2008.
Marketing various Residential and Commercial Projects in & around Kolkata.
Currently marketing more than 50,000 sq.ft
Shilled proffessional to guide.
Attached with most of the renowned Developers.

The Real Consultant of Real Estate

We belive in customer satisfaction, to us customer need is prime. Therefore we sincerly take a procedure to ensure that customer get his maximum, not just building but a house.
We search the best land- location according to your budget & Preferences for your dream project.
Assistance to the end user and Investor, we look after and nurture your exact need and see that customer get the maximum money worth.
We probe the total ins & outs of the searched lands and also the legal part.

For details of the Ongoing projects visit:- http://www.realhomee.com/

Complete Real Estate Solution!

2009-03-09T18:30:00.000+05:30

Who we are:

REAL HOMEE. is a realty group in the city handling prestigious projects. We are marketing the project of most of the reputed developers for their ongoing and upcoming projects in and around KOLKATA. Currently we are marketing more than 5 million sq.ft. of Residential and Commercial space and are associated with well-known Developers like- Eden Group, Svarna Infrastructure Pvt Ltd, Ambalika Housing, Bengal Construction, Tanisha Developer and many more.

What we do:

Be it a Residential or Commercial project - from making strategies of Marketing, Booking Schemes, Advertisement, etc, We do care of all worries of Client as well Developers. One simple thing we believe in reaching audience in a signified way. A team of highly skilled professionals with fresh new marketing Mantra is always there to cater our clients’ needs. Reputation, Integrity, and Unflinching loyalty bear the testimony of our services.
REAL HOMEE firmly believes that any success story not owes a lot to one simple client insight - the client seeks one stop shop that provides complete property solution. Offering the most comprehensive services portfolio in the industry, and provideright tip for the valuabl Investors that is exactly what Real Homee offers.

Commitments:

We are in this trade as an expertise to handle all sorts of property need of a customer. Though we are hardcore professional yet we deal prospect from heart. We know that it is hard to earn therefore we take extreme care for your hard earned money and ensure the best deal which gives perhaps more than your money worth. We deal in open mind and thus ensure you service without any bias.
We are technically sound in real estate dealings, thus we guarantee cent percent of our performance.