Real Estate News From Magicbricks.com

By: George Gonigal

Real estate segment in India is growing beyond leaps and bounds. Property segment has seen record investments in the last one year. Many foreign investors have shown their interest in the Indian property segment. The number of realty funds catering to the Indian real estate is also on the rise.

Magicbricks.com scans media reports for real estate news. Here are the top current headlines.

Ã?â‚?? Moneylenders funding realty boom in hard times

Ã?â‚?? With banks increasingly restricting loans to developers, moneylenders have stepped in to play their part. Builders have been approaching them in droves for loans at phenomenal interest rates ranging anywhere from 20% to 36% annually.

Ã?â‚?? Real estate gains await Modern India

Ã?â‚?? Mumbai-based Modern India is bucking the bearish wave that has engulfed real estate companies of late. Over the last one week, the stock has gained close to 16%.

Ã?â‚?? Rs 8,000 crore premium realty projects face delay

Ã?â‚?? According to industry estimates, around Rs 8,000 crore of real estate projects covering over 40 millon square feet are facing delays. Analysts said the construction cost for large commercial projects was Rs 2,000 per square foot, on average.

Ã?â‚?? Relax FDI, PE norms for small city builders

Ã?â‚?? The real-estate industry in Coimbatore wants the Centre to tweak the FDI and foreign Private Equity (PE) investment norms in real estate in small cities so that these fund sources are able to extend them a lifeline.

Ã?â‚?? You may have to pay more for home loans

Ã?â‚?? Rising home loan interest rates have affected the real estate industry. The property prices in Jaipur are stable for the past one-year. Many of the major projects in the city have not got buyers during this period.

For more detail on Real Estate News India, log on to magicbricks.com

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