Overseas Property Investment

The most recent india property investment news from a variety of international property news sources.

I applied for a home loan from IDBI Bank. After submitting all required papers they sanctioned Rs19.77 lakh with validity up to March 31, 2010. But thereafter the bank asked for a lot of other documents. I am not in a position to submit some of the papers and thus, I took back the documents [...]

State Bank of India (SBI) announced a similar 50 basis point rise in its BPLR, taking it to 12.25 per cent, effective Tuesday. This means the EMI an ICICI or SBI customer is paying on his loan will also increase. The hike will vary depending on the interest rate you are being charged now and [...]

BANGALORE: India’s Rs 4.8 lakh-crore home loan market is expected to see increased competition over the next few months thanks to a constant trickle of non-banking finance companies (NBFCs) looking to get a toe-hold into a market which has been witnessing a compounded annual growth rate of 15% during the last five years. While Karur-based [...]

MUMBAI: Real estate firm Lodha Developers has raised Rs 500 crore by selling a 10% stake in a project to develop a 117-storey residential tower in Mumbai to HDFC Venture Funds. “The deal shows the investor’s appetite for quality real estate projects in India,” said Abhisheck Lodha, the managing director of Lodha Developers. HDFC Venture [...]

Delhi NCR If you are planning to buy a house, this is the right time. The economy is coming out of the recession and is expected to grow at 8.5% in the current financial year. But as the hangover of the downturn is yet to recede completely, property prices in upcoming areas are still quoting [...]

The Value and Budget Housing Corporation (VBHC) is launching  their first ever affordable housing project, Vaibhava,  on Wednesday,18th August  2010 at the project  site at Byagadadenahalli, in Bangalore. It offers affordable homes within the range of Rs. 4.5 lakhs upto 10 lakhs. VBHC was co-founded by Chairman, Mr. Jaytirth (Jerry) Rao of  Mphasis, and M.D., [...]

Delhi NCR Prospects of the commercial real estate have started looking up along with the residential real estate market, as the economy gathers steam — it has shown a spectacular recovery from the downturn, when the GDP dipped to 6.7% in 2008-09. According to the Centre for Monitoring Indian Economy (CMIE), the GDP is expected [...]

Ahmedabad If you have booked a flat in an upcoming high-rise scheme in Bopal, you may have to loosen your purse strings as the state urban development department (UDD) has recommended charging a fee for extra FSI in the new zone classification that was introduced on April 30. The recommendation by the urban development secretary [...]

A combined buyers’ association has never really taken off in India. In real estate the government sponsored cooperative housing concept did proliferate during the socialist years but it has since died down. In the US, buyers get together on the Internet and negotiate with manufacturers of televisions, music systems and other goods to buy nearly [...]

Alhind Builders is set to construct what is claimed to be the tallest apartment building in Kerala, complete with two helipads. The 40-storey building forms part of an apartment complex coming up at Karaparamabu junction in Kozhikode, with two other buildings having 30 and 10 storeys each. The managing partner of Alhind Builders, Wazeerudhin said [...]