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Property - ArticlesProperty Vertical - a One-stop Guide to All Your Real Estate RequirementsThe rising Indian economy has led to the prosperity of real estate sector in India. The real estate in India has grown as one of the most attractive investment areas for domestic as well as foreign investors. Indian real estate has great potential demand in almost every sector, but especially commercial, residential, retail, industrial, hospitality, healthcare and so on. Bangalore Real Estate: Buyers Hesitant, Expect Prices to FallBangalore, July 6 There is good demand in the real estate sector, but it has not translated into successful transactions because people are hesitant to buy now expecting a fall in prices in the future, said Mr Kishore Jain, Managing Director, Jain Heights and Structures Pvt Ltd, a Bangalore-based real estate company. Realty Dreams of Small, Mid-sized Cos CrumbleMUMBAI: Grappling with a slowdown across segments, the Indian property market is heading towards the next phase of consolidation. Liquidity crunch in the real estate market is beginning to drive many mid-sized and small developers to scrounge for cover. Mundra Growth Impresses Singapore Indian Chamber of Commerce TeamAHMEDABAD: A delegation of the Singapore Indian Chamber of Commerce and Industry, currently on a trip to Gujarat, on Thursday visited the Mundra port and other facilities being developed there in the private sector. $30 Bn Fdi to Flow Into Realty in 10 Yrs: AssochamNew Delhi, June 15: With the real estate sector witnessing a steady growth of more than 30 per cent, Foreign Direct Investment (FDI) worth 30 billion dollars is expected to flow into the domestic market in the next 10 years, an Assocham study says. Trikona Raises $150 Mn From German Firm, Offers Stake in Indian ProjectsChennai, Jun 9 Trikona Capital Limited, one of the leading fund management firm for institutional investment in Indian real estate and infrastructure, announced that it has extended its relationship with SachsenFonds Holdings GmbH, a German fund manager with $7.5 billion under management, in a $150 million deal that includes minority stakes of current Trikona assets and investments in new projects, including a $40 million housing project at Mumbai. Bank of Baroda Enters Into Memorandum of Understanding With Dubai PropertiesBank of Baroda, India’s international bank has entered into a Memorandum of Understanding (MoU) with Dubai Properties, the region’s leading real estate company, whereby the bank will provide home finance to buyers of residential units in a number of Dubai Properties’ projects across the UAE. Haryana’s Apartment Law on Shaky GroundTwenty-five years after its enactment, two notifications and one amendment later, the Haryana Apartment Ownership Act (HAOA), which seeks to regulate the development and administration of group housing colonies in the state, desperately needs a re-look. The law was passed when the first condominium to come up in Gurgaon was still another six years away. With no local know how, the government drew perfunctorily on the experience of other states. Mahindras to Drive Into Low-cost Housing ProjectsMahindra Lifespaces Developers (MLDL), the housing and real estate arm of the $ 7.5 billion (Rs 30,566 crore) Mahindra Group, is planning to enter the business of building low-cost houses for the middle-income group. Low-cost houses have become a fad among young people, as they are available at an affordable cost of Rs 25-30 lakh. Real Estate Mfs and Reits Come CheapThey say bureaucracy in India can be slower than the most patient snail. So, more than seven years after the proposal was first mooted, the Securities and Exchange Board of India (Sebi) came out with its draft guidelines for real estate mutual funds (MFs). This move has brought much joy and relief to the MF industry.
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