News Archive: 2011

20, 2011 December:

Video - Economic mess: Is India staring at a financial crisis?

On NDTV's The Big Fight, industry experts discuss whether India's period of economic growth has ended - and whether the country can bounce back.

08, 2011 December:

Indian developers facing mountain of debt

Developers in India are facing mounting debt as borrowing costs fly past 20%, eating into profits.

06, 2011 December:

Non-resident Indians face tax hike on home properties

Non-resident Indian (NRI) overseas property buyers are facing higher taxes on their investments at home.

05, 2011 December:

Global housing markets struggling

The world's housing markets had a weak third quarter of 2011, according to the latest survey of worldwide house price indices prepared by the Global Property Guide. During the year to end Q3 2011, house prices fell in 25 countries (out of the 44 for which quarterly house price statistics are available) and rose in only 19.

01, 2011 December:

Half of all NRIs want to invest back home in Indian property

Nearly half of non-resident Indians (NRI) wish to buy property back home in India purely for an investment, according to new research out this week from Sumansa Exhibitions.

29, 2011 November:

Expats in India on the up

India’s expat population is increasing, as people head away from the Euro to shake off their EU blues. 40,000 expats are currently working in India’s industries, and that number is on the up. 20 per cent more expats are now applying for jobs with Indian headhunters, according to reports, while in the business district of Chennai, house prices are rising as demand increases.

24, 2011 November:

India's property prices bite the dust - with a few exceptions

Residential property prices have dropped across most cities, with an exception of Delhi, Mumbai, Chennai and Pune, mirroring the trend that consumers are perhaps putting off planned house purchases due to rising interest rates and fall in disposable incomes.

16, 2011 November:

Punitive new tax to hammer second home owners in Goa

Second home investors in Goa are about to be hammered by punitive new tax system that could add as much as $10,000 the annual cost of owning a home there.

10, 2011 November:

New property bill in India to be made public next week

Details of a new bill to protect property buyers in India from unscrupulous developers are expected to be made available next week.

07, 2011 November:

India faces sales crisis as buys slump

India’s major cities are facing a sales crisis after CB Richard Ellis reported a 10-15 per cent drop in residential purchases across major urban areas in the country due to rising home loan rates.

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