REAL ESTATE: MARKET AWAITS LEGISLATION ON THE ULCRA
Article Abstract:
The property market in India is facing recession since 1996 due to lack of funds, the fall in the value of the rupee and political instability. Extensive commercial space is available in different parts of Mumbai even as the value of residential property in prime areas of southern Mumbai is expected to be stable. Corporates continue to shift from expensive office space in southern Mumbai to areas in central and suburban Mumbai. Prices of residential properties in Delhi and Pune have started falling while those in non-metros like Surat and Chandigarh are rising. It is forecast that there would be a slowdown in new development activity and the focus would be on completion of projects. The real estate market will continue to be dominated by large corporate developers. The market is awaiting the repeal of the Urban Land Ceiling & Regulation Act and changes in the Rent Control Act and permission to sell mill lands. The revival of the property market hinges on these acts. (tsm)
Comment:
The property market in India is facing recession since 1996 due to lack of funds, the fall in the value of the rupee and political instability.
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1999
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French connector
Article Abstract:
Carol Bowhill heads a profitable family business letting French properties to British Holidaymakers.The business employs 27 people, 12 of which are in France, and has turnover of more than 2.5 million pounds sterling a year. The business started with Carol Bowill letting her own property in France, and it currently features 300 properties, with plans to expand to 400 properties. More than 8,000 people go to France each year through the company and two thirds of bookings come from previous customers or recommendations. The company is launcing a new guide for property owners to advertise their French properties direct to customers.
Publication Name: The Director
Subject: Business, international
ISSN: 0012-3242
Year: 1996
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PUNE: EMERGING SLOWLY AS AN INVESTMENT ATTRACTION
Article Abstract:
Although real estate prices have fallen by about five percent in Pune, it is the most preferred choice among many investors. Real estate prices are expected to look up in the next six months due to several factors. Among them are its pleasant climate, proximity to Mumbai, reasonable real estate prices, job and business opportunities and its cosmopolitan population. Property prices in Pune are said to be one tenth of those in Mumbai. Pune is however overcoming its basic drawback of lack of infrastructural facilities. Real estate prices are likely to go up by 12 percent annually in Pune. (uh)
Comment:
India: Real estate in Pune, India, is the most preferred industry among many investors, despite posting 5% decrease in prices
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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