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FDI in retail could begin in a phased manner in the metros, the survey suggested, a day ahead of the Budget. Though it did not specify the details, experts said the government document hinted at a low FDI cap, perhaps one of 26 per cent. It has also talked of “incentivising” mom-and-pop stores (kirana shops) “to modernise and compete effectively with retail shops, foreign or domestic”.

While recognising the importance of the services sector (it accounts for 59 per cent of gross domestic product), the Economic Survey has raised concern over several components in it. Three months after the government rolled back its decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail, the survey referred to it as a major challenge before the sector.

While agricultural marketing could improve immensely with the growth in modern retail trade, the revenue to the government could also increase. Currently, the retail sector is largely unorganised and has low tax compliance, it argued.

Reacting to the portion in the survey relating to FDI in retail, Purnendu Kumar, senior vice-president (retail), Technopak, said, “This is something similar to what was articulated earlier — issues like better integration with farmers leading to better pricing for them and quality storage leading to lower wastages. It needs to be seen how the government would be able to execute this, considering the Congress party does not account for the majority on its own.” Incentivising small traders was a welcome step, but the details were not available, Kumar said.

Karandeep Singh, chief financial officer, Flipkart, a leading online retail chain, said, “While the future is promising, it will be realised only if the government acts on some of the guidelines provided in the survey.” According to Singh, opening up FDI in retail and continuing to make the infrastructure sector attractive for investments were critical to creating more jobs and having a multiplier impact on the economy.

India Real Estate Link

Indian real estate industry is growing day-by-day in both commercial as well as residential sectors. At present, buying property in India will be an excellent investment.

This is a two day exhibition which will give a proper overview of the real estate sector which will be helpful to those who want to own or invest in Indian real estate. In this exhibition around 300 projects will be exhibited by over 70 developers.

Dubai-based company, Sumansa Exhibitions is organizing the Indian Property Show in Hong Kong . Here, Investors and homebuyers can get good information and knowledge about the real estate from experienced Indian builders.

This exhibition will showcase coming projects and infrastructural development in Mumbai, Pune, Jaipur and Bengaluru.

Approvals for Home loan for properties purchased at the exhibition will be given there itself. So now, having own home in India will no longer be a dream for the Indians living abroad.

The details about this exhibition are given below:

Indian Property Show Hong Kong

Date March 3 and 4

Time 11am-9pm

Venue Hong Kong Convention and Exhibition Centre, Wan Chai

Website www.indianpropertyshow.com

India Real Estate Link

The RBI’s decision to rise its policy rates, leading to hike in lending rates by banks, will adversely affect the sectors like real estate and automobile. These increases in the policy rates will raise the cost of properties as it increases cost of funds. The RBI’s hiking of the repo rate by 25 basis points is far from good news for the real estate sector, especially in terms of housing. “Purchasing activity had already dropped, chances of minimising the property prices by developers to counter the negative effects of this hike depend on the financial ability of individual developers to hold on to their current pricing and risk losing sales till the situation improves. Developers with enough capital as base are less likely to relent on their pricing than smaller developers with an urgent need to sell their inventories. The industry is already revolving under the high input costs and coupled with high sanction costs, it has to pass on the same to end user. However, hope is that the development will not discourage buyers of their buying decisions.

ICICI Bank , Country’s largest private sector bank, Managing director & CEO, Chanda Kochhar said that the RBI’s decision to increase the repo rate by another 25 bps and the existing systemic liquidity conditions could lead to an increase in funding costs for banks, and in lending rates. RBI continues with its tight monetary policy to contain inflation. However, many analysts doubtes its efficiency to contain inflation. But, the measure will certainly affect the economic growth of the country. The increase in the interest rates will not only make the loan costly but will also reduce the entitlement of credit of a debtor. According to banking norms, while approving loan to a borrower, bank see to it that the EMI on the loan should not exceed the 40% of the total monthly income of the family. As increase in interest rates will lead to rise in EMI and will bring down the claim of loan amount of a debtor on the same income.

India Real Estate Link

With the loan scam unveiled and access to bank lending being tough, real estate funds and private equity (PE) firms now sense a business opportunity. Hoping that the loan scam will put more transactions on the table, they are actively working for the deal bargains. Bank funding and capital markets are the primary sources of capital in the realty sector and with these slowing down; it is inevitable to use PE for funding with more deals likely to come in their way.

Red Fort Capital, a real estate PE fund says that it plans to be more aggressive and step up investment activities in India, as more developers are looking on private equity for funding their future projects. Fire Capital, another realty fund is planning to deploy nearly 0 million into the real estate market.

The scam-triggered scrutiny of loan disbursements would allow PE players to drive a harder bargain. But despite the bargaining power, it would be safe not to push for terms that are unsustainable and not to do too many deals where execution can then become a challenge. While it is anticipated that any liquidity pressure in the market will provide more opportunities for PE, it may be just too early to decide on how much of it will materialize into actual funding.

India Real Estate Link

When people are searching for the best Austin real estate, they will need to consult the professional agents.  There are many factors that people should see when they are purchasing a house in Austin. The first and most essential factor that people should observe from a house is the location. People are not purchasing a new house to suffer from a bad security. Therefore, people should select a house that is located in a good environment with low crime rates. People should choose a house that security system is well managed. That will guarantee the peacefulness that people will feel when they are at home. Besides, people should also make sure whether the location of the residential of their choice is clean and healthy. It is crucial to live in an environment that has a green space with plants and healthy areal. Besides, people should also select a house which location is quiet enough to live in.

It is one thing to experience noise in the busy street when we are going home from our office, but it is quite another thing to hear the same noise every day when we are at home. We should also make sure that our house will be is strategist and is located in the areal, which is not too far from shopping center and entertainment area. It is definitely not easy to get a house with that perfect location. People should thus consult the professional real estate agents for getting the most trustable information and objective overview about certain real estate. A service like Real estate Austin TX will help people to get a perfect guidance for getting high quality real estate for all needs. Those who want to search Austin real estate should use the professional service as there are too many referrals that people might meet. People should really consult the professional service of real estate agents to get the best Austin TX real estate that will be their real home.

Gmkmaden Home Improvement Tips & Guide!

Freddie Mac analysts point to five features that they believe will likely characterize the 2011 housing and mortgage markets:

1. Low mortgage rates. With Fed observers expecting the central bank to keep the federal funds rate at its current target range of 0 percent to 0.25 percent for most (or all) of 2011, relatively low mortgage rates will be a feature of the 2011 mortgage market. Thirty-year fixed-rate loans are likely to remain below 5 percent throughout the year, and initial rates of 5/1 hybrid adjustable-rate mortgages will likely remain below 4 percent in 2011.

2. Prices have hit bottom. House prices are likely to begin a gradual, but sustained recovery in the second half of 2011.

3. Housing will remain affordable. With affordability high, many first-time buyers will be attracted to the housing market in the New Year, likely translating into more home sales in 2011 than in 2010.

4. Refinances will dwindle. Many eligible borrowers have already refinanced and the federal Making Home Affordable refinance program is expiring on June 30. While fixed-rate loans are likely to remain low, they will move up gradually, making it even less likely that refinances will be attractive to most home owners.

5. Delinquency rates will decline. Based on the last several business cycles, the share of loans that are 90 or more days delinquent or in foreclosure proceedings — known as the “seriously delinquent rate” — generally crests within a year of the start of the recovery in payroll employment, and this economic recovery appears to fit within that pattern. Payrolls began to rise last January, and by the spring the seriously delinquent rate had begun to fall.

Source: Freddie Mac (12/09/2010)

California Real Estate Sales

India’s most prestigious awards dedicated to the estate industry,to celebrate excellence and brilliance with key industry representatives at “Real Estate Awards” presented by Franchise India Holdings Limited is scheduled to be held  on December 2, 2010 at Hotel Ashoka, New Delhi. The Real Estate Awards 2010 are given to practices which have consistently achieved high standards and made an outstanding contribution in the Indian real estate sector, the only awards that recognize and felicitate the best in the real estate industry.

These awards would serve as the national recognition as the “The best real estate business” in the country and is the best Chance to promote your real estate business and a platform for networking and validation for your business. An opportunity to benchmark your business against competitors, Ongoing publicity and business lifetime of high-achiever credibility, Extensive media coverage and PR with the partners are other added advantages.

The Last date for nominations is 15th November 2010, open only to real estate companies, brokers, builders, developers registered and based in India. Ernst & Young will be the Official Tabulator for the awards.

The event is designed for all professionals with an interest in Indian and international real estate and can be interesting for : Real Estate Service Providers , Contractors, developers, investors, Fund/ Asset Managers, Brokers /Traders, Builders, Consultants, Trade Associates, Lawyers, Accountants.

India Real Estate Link

Silicon Tower is one of the popular Residential Developments in Vashi Navi Mumbai. It is among the well known Projects of Haware Engineers & Builders Pvt Ltd. The landscape is beautiful with spacious Houses.
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Turn the Television on any Sunday morning and you’ll find yourself in the middle of a “how to buy real estate” infomercial. Can you really buy a house with no down payment? Can you really make thousands or millions of dollars buying real estate? Of course the answer is “yes” and “no”. The real question is, are you willing to pay anywhere from 0 to 00 for the information, classes and hotline? Most important are you self -disciplined enough to follow the program?

Before you spend money on these expensive programs, here are my top ten “no money down” ways to buy real estate. If you’re self disciplined and willing to hear the word “no” many times before you get a “yes”, then maybe you can buy a house without a down payment.

1. First is to check out the many new zero down programs now available from lenders. Especially if you’re a fist time buyer. Also FHA and VA have loans that may not be zero down, but are very close.

2. Borrow money for the down payment – Borrow the money from family, friends or a business partner at a high interest rate or a percentage of the profit when the property is sold

3. Raise the price and lower the terms – Offer the seller more than he is asking provided he is willing to accept the down payment in the form of a note. If the seller is asking 0,000 with ,000 down and willing to carry the balance of 5,000. Try offering 5,000 in the form of a promissory not instead of cash. The seller gets a little more money for the additional risk.

4. Borrow against a life insurance policy – Many life insurance policy’s let you borrow against the policy for the purpose of investing in real estate or other investments.

5. Use other property as collateral – Create a note on existing property that you or a partner own and use it as the down payment for the property you are buying.

6. Home equity loan – Home equity loans are generally easy to qualify for as long as there is adequate equity in the property.

7. Seller refinance – Have the seller refinance the property, receiving the cash he needs from the proceeds of the new loan, the buyer gives the seller a note for the balance of the seller’s equity.

8. Find an investor – There are many people who have money but no time. Their current profession keeps them too busy. Work out a deal where they put up the money and you split the profits when you sell.

9. Lease with option to purchase – Lease a property with the right to buy it at some future time. Provide for the rental payment to be credited towards the down payment if you decide to exercise your option. Visit our site today we have homes that are currently available under the lease option program.

10. Give them something they need – If the seller is planning to purchase something in the future that you own or can buy, use it as a trade. This can be anything such as furniture, boat or motor home.

My goal is to educate the consumer on one of the largest investments you may ever make. Feel free to submit all your questions and I will respond within 48 hours.

www.eotmrealestategroup.com

Carla Barnes aka The Mortgage Diva’s Blog

The first quarter results have been declared by Indiabulls Real Estate. As per the report, Rs. 2.98 cr. was the company’s Q1 from standalone net profit.

Rs. 5.58 cr. was its standalone net sales.

According to the data, in March 2010, the trailing 12-month (TTM) EPS of the company was at Rs 0.56 per share. The ratio between stock’s price and earning (P/E) was 334.02.

Rs 89.84 per share are the latest booking value of the company. Thus, at this value, the ratio of price to book value was 2.08.

India Real Estate Link