International Property Investment » real estate developers

Dubai Property Developers Pressured by Small Investors

admin — Fri, 06 Mar 2009 11:11:32 +0000

Small investors in Dubai are forming groups, in an efforts to get their voice heard by the developers. Most developers are simply ignoring contact from individual investors and vigorously pursuing payments on off-plan developments that are now worth a fraction of their original sales prices. The new interpretation of existing laws by RERA in November 2008 no longer protect them if they default on payments.

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News from Dubai Property Markets 1500 work visas a day being cancelled

admin — Thu, 15 Jan 2009 12:29:31 +0000

Latest news from Dubai is confusing to say the least. At the one end of the scale, the Dubai government is canceling 1,500 work permits and visas a day as the slowdown continues and developers shed staff, at the other end of the scale, developers keep on putting our press releases claiming that it is business as usual.

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Luxury Property Market in India – Lying Will Not Help The Situation

admin — Sun, 14 Dec 2008 10:59:21 +0000

Much like the UAE-based "news" sources, the Indian ones seem also to rely on press releases instead of providing any sort of genuine information. Any fool can see the Indian luxury property market is in trouble, with developers canceling projects, laying off staff and prices falling through the proverbial floor. But putting out press releases to the contrary does no one any good. At best you might attract a gullible buyer, but when the time comes for a mortgage, the banks are not going to fall for it. Take this "news" source for example. Here are snippets from two articles from this Sunday's online edition of The Economic Times -

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Mumbai Property News

Praveen Sequeira — Wed, 27 Aug 2008 08:45:07 +0000

Affordable Housing in Mumbai is what Everyone Wants

Today, for many people in Mumbai, owning a house is a distant dream. The rates of real estate are quite unaffordable to the middle class man. Many people look at properties that are away from the main cities to far off suburbs such as Vasai, Virar etc. But a number of people find even these places quite unaffordable. In addition, many complain that the crowd and the amenities are just not worth it.

Credit Crunch goes to China – Chinese Property Prices set to fall

admin — Wed, 16 Jul 2008 13:59:04 +0000

Beijing - Sales of residential houses in Shenzhen are forecast to plunge this year to the level of ten years ago as homebuyers and investors continue to adopt a wait-and-see attitude as prices nosedive. Down 10% already this year.

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New Regulations to Protect Buyers in Dubai

admin — Thu, 10 Jul 2008 15:09:16 +0000

New regulations covering off-plan sales of real estate are to be issued soon to prevent developers from charging registration fees

The Dubai Lands Department said the rules would set out clear mechanisms and procedures - and officials hope they will reduce the number of disputes between developers and buyers.

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Real Estate Scenario in Mumbai

Praveen Sequeira — Wed, 23 Apr 2008 10:18:35 +0000

India’s growing popularity as the latest commercial hotspot is slowly turning out to be a bane for all those seeking land in the financial capital of Mumbai. The ever burgeoning real estate market in Mumbai had been blessedly sluggish for the past few months. Though the property prices never came down, the rate of increase remained low - as low as five per cent in areas of Vashi, Goregaon and Thane. However with more and more premium commercial establishments waiting to be constructed, property rates in the financial capital are expected to rise by about 50 per cent or more.

Latest News of Real Estate In Chennai

Praveen Sequeira — Thu, 10 Apr 2008 08:30:33 +0000

When a 28,000 sq ft property was sold at the staggering rate of Rs 14,830 per sq ft at the posh Boat Club Road in Chennai in December 2005, little did the investors know that this property deal would send property rates soaring in the city. While most real estate developers would like to think that the realty boom, and huge investment in the real estate sector has seen world class infrastructure spring up in cosmopolitan cities like Mumbai, the financial capital of the country, Delhi- the political capital of the country and Bangalore, the IT hub of India, this is not strictly true. Experts opine that Chennai is not left behind in the race. The real estate boom has caught up not only with the major cities in the country, but relatively small towns like Chandigarh, Hyderabad, and Pune are also tracing sky scrapers. In January 2008, Chennai-based Sabari Foundations declared that they are to develop 308 apartments on a 10-acre site near the Sipcot Industrial complex at Siruseri. The estimated project cost is to the tune of Rs 180 crore.

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Improvement in Mumbai’s Infrastructure…Spells Boom in Property Market

Praveen Sequeira — Tue, 08 Apr 2008 08:09:49 +0000

Since the 1990's, the property market in the Indian subcontinent has witnessed a vast change. In the early 90s, people in India, especially those residing in the tinsel town could not even afford to dream of purchasing a property but with the gradual increase of income and the home loans made easy for all, the property market in Mumbai saw a sharp rise.

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