A realty check for professionals

The phenomenal growth in the real estate sector during the past couple of years has opened up new avenues of professional opportunities for young men and women in India. According to an estimate, the real estate industry in the country is growing at an astronomical rate of 33 per cent per annum and will soon be a 50 billion dollar industry. This remarkable growth has attracted multi-national realty companies to the country. Despite several job opportunities, the real estate industry is facing a shortage of trained manpower who understand various aspects of the real estate business. A few institutes in the country have started post-graduate courses in real estate management to bring in professionalism to this industry.

Bangalore’s Royal Garden Villas & Resort

Now owning your dream home in Bangalore’s Royal Garden Villas & Resort has become easier. Surrounded by the lush green landscape of north Bangalore, with the Nandi Hills framing the skyline, Royal Garden Villas & Resort helps you escape from the madding crowd of city life and take refuge in a world of peace and elegance with all modern amenities. Many world-famous celebrities also feel the same about the Royal Garden Villas & Resort . Ace tennis player and Royal garden Villas brand ambassador, Vijay Amritraj, says, "It gives me great pleasure to be associated with an international brand that stands among the best in the world.

Indian property boom continues

A recent report by Reuters found that property prices in key areas of the biggest India cities - such as Mumbai and New Delhi - have more than doubled since 2005. In Bangalore, the price of the average flat has increased by half over the past two years and you would now be lucky to find one for under £50,000.

Property prices would stay under pressure

There has been a correction of approximately 15% on an average in the capital values of land across NCR, and residential prices would remain under pressure, going forward, says India Residential Market Review: Quarter 3 2007, a report by Knight Frank. The report also adds that Growing urbanisation will result in an incremental demand for housing in suburban locations of urban areas. As a result, close to 530.5 million sq ft of residential space would be developed in the grade A and B+ categories in NCR, Mumbai, Pune, Hyderabad, Bangalore, Chennai, and Kolkata.

Indian property market 'to quadruple in value' by 2010

he value of the property market in India is expected to increase by more than four times in the next three years, according to a real estate advisory and co-investment firm.Rohan Narse, chief executive officer (CEO) and managing partner of Indian Ocean Ventures, said that while the overall Indian property market is currently worth in the region of $12 billion (£5.84 billion), this figure is set to rocket in the next few years.

Mumbai property development

(Reuters) - London-listed Indian property investment company Hirco plc (HRCO.L: Quote, Profile , Research) said on Thursday that it was investing 128.4 million pounds ($263.5 million) in a mixed-use development in the Panvel area of greater Mumbai. The Isle of Man-registered closed-ended fund said the office and retail project on the 303-acre Panvel site was near a planned airport at Navi Mumbai.

India Kotak Realty raises Rs 1.6k cr from investors

Kotak Realty Fund on Wednesday said it had raised Rs 1,600 crore from domestic investors to invest in diverse real estate asset classes across the country over a period of three years. Stating that the average investment would be in the range of $20-25 million, KRF's CEO S Sriniwasan told reporters here that the average holding would be of 3-5 years.

Suncity enters to India real estate

“Our preferred cities are Hyderabad, Bangalore and Pune. Hyderabad tops the list as it is currently growing at 30% a year, fuelled by the growth of information technology and biotech industries,” he said. Having signed two property joint ventures in Hyderabad, the company is eager to venture into Bangalore and Pune to expand its exposure in the robust residential properties sector.

India property market on the move

The Indian real estate market will be particularly lucrative for overseas investors in the immediate years ahead as the Indian Government moves toward passing real estate investment trust (REIT) legislation, according to a senior real estate investment officer with a recognised Indian fund manager.

Morgan Stanley fund eyes India property

Morgan Stanley Group Inc. has raised the largest global property fund in history, an $8 billion repository the company will use to bankroll investments primarily in fast-growing Asian markets including India. Morgan Stanley Real Estate, the New York-based investment bank's property-investments arm, announced June 20 that it had successfully completed fundraising for the Morgan Stanley Real Estate Fund International VI.

The lack of india regulatory authority is affecting the real estate sector

New Delhi: The National Real Estate Development Council, a trade group, has proposed the formation of a self-regulatory real estate authority to try and avoid government controls.

Bombay Stock Exchange Starts Realty Index

Bombay Stock Exchange, Asia's oldest, started a real estate index, seeking to reflect the appetite for shares of property developers that last month helped DLF Ltd. raise $2.4 billion in the country's biggest initial stock sale. DLF will account for 36 percent of the 11-member BSE Realty index, the exchange said today in an e-mailed statement. The New Delhi-based company, whose shares began trading on July 5, has a market value of $24 billion.

India alternative investments

Consider, for instance, the real estate option. Over the last few years, this had yielded substantial returns. Traditionally, treaded into for reasons such as security or having a roof over one’s head, it is now transforming into a more productive investment option. This metamorphosis will be hastened when we see the introduction of REITs (Real Estate Investment Trusts) and REMFs (Real Estate Mutual Funds) in India.

Chennai real estate is now on a downward slide

Land in Sriperumbudur, which was selling at Rs.7 lakh to 8 lakh per ground, has come down to Rs.5 lakh to 5.5 lakh. Layouts promoted at Vadkapattu, on the outskirts of Chennai, which were selling thick and fast, are stagnating. About 25 per cent of the plots in many layouts, priced at Rs. 650 per sq.ft., remains unsold even after months.

India's biggest IPO - DLF real estate

Shares of India's top real estate company, DLF Ltd., made a strong debut Thursday, opening at an 11 percent premium in the country's biggest-ever initial public offering.

India to play Trump property card

Donald Trump Jr., Executive Vice President of Development and Acquisitions at the Trump Organization, USA, is to spell out what global investors are seeking to invest in India's booming property market.

India real estate investment

NEW DELHI: Real estate investment tops the list of queries received by the Overseas Indian Facilitation Centre (OIFC) launched by the government. "We are getting a lot of queries from overseas Indians about investing in property in India," Harish Kirpal of the Confederation of Indian Industry (CII), who is chief executive of OIFC, said.