October 2007 | Top Stories
Morgan Stanley Moves to Tap HNIs and NRI Investors
Tuesday, October 09, 2007 : Non resident Indians and high net worth individuals would be the focus of Morgan Stanley’s expansion program for India. The Wall Street bank is planning to recruit 100 private bankers to manage assets worth USD1 billion by 2010.
Real Estate Developers Vie for Prime Kolkata Property
Tuesday, October 09, 2007 : While the real estate market in most metros appears to be cooling off, Kolkata continues to retain the interest of the big ticket developers.
New Players in Indian Real Estate
Monday,October 08, 2007 : Indian real estate has a host of new players – notable debutants include the Adani Enterprises and the royal Ghorpade family.
Govt. Initiates Steps against Pre-Launch Offers
Monday,October 08, 2007 : Pre-launch offers by Indian real estate developers are under a cloud, and the Ministry of Corporate Affairs is keeping tabs on such announcements ever since malpractices under the scheme came to light.
Plush Localities in Indian Metros Retain Lead
Monday,October 08, 2007 : While the debate on the real estate prices in India’s metros continues, plush residential colonies in India’s metros have maintained the steady increase in rates over the last 12 months.
Home Loans Made More Affordable by Wizard
Monday,October 08, 2007 : GE Money’s Wizard is chalking out a novel strategy based on a wealth-sharing plan to garner the huge home loan market in India through owner-operator branches, competitive pricing and customer oriented mortgage products.
DLF Seeks Foreign Pastures for Fresh Funds
Friday, October 05, 2007 : Indian real estate companies are looking for a fresh avenue of funds. DLF, India’s largest realty development company is seeking foreign pastures for another surge of capital to finance its various projects.
Govt. Approves 13 FDI Proposals
Friday, October 05, 2007 : A fresh round of approvals came in from the Finance Ministry, upon the recommendations of the Foreign Investment Promotion Board, for 13 proposals for foreign direct investment (FDI) in India, adding up to Rs.393.36 crore.
HSBC Realty Fund in the Offing
Friday, October 05, 2007 : HSBC is working on an India-specific real estate fund, with a target of USD 500-600 million. The London-based bank is planning to garner a share of the booming Indian real estate market, and HSBC’s realty fund would be its first India focused fund.
17 Emerging Corridors on Indian Real Estate Map
Thursday, October 04, 2007 : Top ranking destinations are Hinjewadi near Pune and Manesar near Gurgaon, scoring high on all parameters, says the report, with a promising future ahead. Their growth would continue to be sustained by the neighbouring towns.
MOIA calls for more NRI Investments in Indian Economy
Thursday, October 04, 2007 : The MOIA is eager to increase the interaction between India and its diaspora through the Overseas Citizenship of India scheme, the Overseas Indian Facilitation Centre, the Knowledge Network and the Global Foundation.
Royal Touch Added to Udaipur Real Estate Market
Thursday, October 04, 2007 : Real estate in Udaipur, Rajasthan will receive a boost with the launch of a royal township near the Umaid Bhavan Palace belonging to the royal family of Jodhpur.
Wider Access to Home Loans as More Banks Slash Rates
Thursday, October 04, 2007 : The bid to bring back customers for home loans is on, as more banks trim their loan rates. The latest to join the league are Allahabad Bank, Canara Bank and Central Bank.
MOIA Working on NRI University
Wednesday, October 03, 2007 : The Minister of Overseas Indian Affairs, Vyalar Ravi shared his ministry’s plans to set up a NRI university under the aegis of the Indira Gandhi National University.
NRI Deposits face the odds as Interest Rates Drop
Wednesday, October 03, 2007 : NRI deposits have received a setback following a drop in the interest rate and the weakening of the dollar against the Indian rupee.
Mumbai Real Estate Receives a Boost from Railways
Wednesday, October 03, 2007 : It was the defunct mill properties first, followed by Dharavi, and now it’s the railways. The city’s meagre land resources are slowly beginning to swell, as sprawling tracts of under-utilised land are being made available for real estate projects in Mumbai.
