India Real estate Blog: India Real Estate News, Real Estate Market in India http://www.indiarealestateblog.com/... India real estate blog provides the latest information about Real Estate Market in India, India Real Estate News, Real Estate Investment in India, India Real Estate Buying Selling Tips, Commercial Property in India, India Real Estate, Real Estate in India and more..
India Real Estate Blog : India Real Estate News, Real Estate Market in India http://www.indiarealestateblog.com... ndia real estate blog provides the latest information regarding buying and selling house, land, commercial property in India, Real Estate Market in India, financial advice on India real estate opportunities, provide clear guidance on navigating through the FDI maze, provide advice on taxes.
Lack of clarity may hit realty funds take-off http://www.indiarealestateblog.com/?p=1774... MUMBAI: A week after SEBI announced guidelines for real estate mutual funds, officials at fund houses and real estate developers are awaiting clarity on certain issues before they go ahead with scheme launches. Industry experts point out that taxation, periodic calculation of net asset value (NAV), and absence of any benchmark indices are some of the contentious issues turning out to be stumbling blocks in the design of such products.
Pranay Vakil, chairman, KnightFrank India, says that a quarterly valuation exercise would not be very easy to implement. Let us assume that an REMF consists of 10 real estate assets and each asset has been acquired at different periods of a year. So, how one can calculate a composite NAV of fund, taking into consideration all these properties purchased? asks Mr Vakil.
Logistics to see 15-20% growth http://www.indiarealestateblog.com/?p=2028... Indian logistics industry is expected to grow at 15% to 20% per annum, reaching its revenues of $385 billion by 2015, said a report prepared by Cushman and Wakefield, which term the sector as new powerhouse for the real estate sector in times to come.
As per C&W estimates, the market share of organised logistics players is expected to double to approximately 12% in the same period. The new logistics centres will give big boost to the industrial activities in the country.
The report revealed that 110 logistics parks spread over 3,500 acres at an estimated cost of $1 billion are expected to be operational by 2012. Around 45 million sq ft of warehousing space will be ready in the next four years.
JP Morgan cuts India growth forecast, sees rate cuts http://www.indiarealestateblog.com/?p=2226... JPMorgan has cut its forecast for Indias economic growth in 2008/09 and 2009/10, it said in a note on Monday, adding that it expects aggressive rate cuts by the Reserve Bank to support the growth momentum.
The Indian economy may grow 6.7 percent in the year ending March 2009, JPMorgan said, down from its earlier forecast of 7 percent. The economy may grow 6.2 percent in 2009/10, down from its previous estimate of 6.8 percent, the bank said.
The moderation in exports, small business output, and real estate related activity could crimp urban consumer spending as employment and household income growth slackens, JPMorgan said in the note.
