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Property News
 You are here : Home RealEstate News
 
Residential property prices are expected to fall by about 10% this year. Residential property rates declined by 18% to 20% in this March. Despite this drop, buyers are watching market scenario with ‘wait and watch’ policy. This trend is likely to continue through 2009. Mr. Sudhir Nair, Head, CRISIL Research says, “Demand in the commercial and retail segment is likely to remain under stress for the next two years owing to excess supply and weak off take.”
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The wish of millions of middle-class Indians to own a home remained just a pipe-dream as soaring prices and builders’ keenness to focus on exclusive gated communities shut them out of the market.

It could change because bank loans become cheaper. More middle-class Indians can hope to get a step on the housing ladder in 2009. Various builders cut prices to move unsold stock and build cheaper homes.
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The booming real estate market that received a jolt during the slowdown last October-November seems to be recovering. People are slowly purchasing, but only for personal use. Not for investment purposes.

“In the last few months the real estate market has undergone major changes. The slowdown that migrated from the US has got corrected in India now.
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The demand for service apartments has declined in the last few months due to the slowdown. This apart, real estate experts feel that lack of dedicated players and lower hotel room prices too have impacted the demand in this segment.
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The government will extend tax breaks for industrial park schemes and developers of real estate and road projects to stimulate the economy and lift growth to 8-9 percent by the end of 2010, the finance minister said on Monday.
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It is known that demand for housing has increased in last one month, but this growth is restricted towards new projects. Buyers are rejecting resale properties. Major reason behind is, project developers are offering discounts and many more to woo the buyers. On the other side, resale properties come with a larger unaccountable component.
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Home Loans News
 
Country’ largest lender, State Bank of India has been disbursing home loans via non-conventional channels. Recently, the bank organized a three days ‘SBI Home Fair 2009' at Mayor Ramanathan Chettiar Centre in Chennai.
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Hotel News News
 
For the first time, ITC Ltd—the country’s biggest tobacco company which also runs hotels—told its shareholders that it was willing to integrate with itself the businesses of competing hotel companies such as EIH Ltd and Hotel Leela Venture Ltd in which it has acquired substantial equity interest.
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Other News
 
Real estate sector is always seen as backbone of Indian economy. This sector was ignored by investors for a long time. But now a days, it is the most favorable investment option in India. The popularity of real estate in India can be determined from the fact that to buy a piece of land in the metropolitan requires a person to pay a huge amount.
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After successful completion of cheapest car project, Tata group is now working on cheapest hosing solution through its two realty subsidiaries, Tata housing and Tata Realty. Tata group has discussed about the land requirement for the project and they have decided to develop land in 3 major ways.
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