International Property Investment » home loan interest rates

Indian Property Market Slump – 5000 Jobs lost in construction in Pune

Mark Knowles — Fri, 16 Jan 2009 09:50:06 +0000

Falling sales, dropping prices and cash shortages have cause the cancellation of more than 450 real estate projects in Pune, leading to around 5,000 construction workers and many others being made redundant.

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Real Estate Developers in India Switching from Luxury to Budget Homes

Mark Knowles — Sun, 04 Jan 2009 14:28:52 +0000

Real estate developers in India have begun concentrating on budget homes instead of luxury developments. Prices have been falling and demand has been weak for luxury property in India for some time now, but recent government incentives in the form of interest reductions on smaller mortgages and government payouts have given a much needed boost to the “affordable,” segment of the market.

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Real Estate Slowdown in Chennai?

Praveen Sequeira — Fri, 04 Apr 2008 09:48:10 +0000

For the past few years, mostly since the IT boom and lot of NRI’s pumping money into real estate in India, prices, especially in the major cities, have skyrocketed. Chennai is no exception. Chennai, located in South India, where most of the IT companies started booming, witnessed a very high appreciation in property prices over the last few years. Flats are being priced at around 4500 per sft in areas like Egmore.

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