India: Further drop in prices expected: Real Estate, Home Loan, DLF, CREDIA, NREDCO, Trigger Banks, RBI, Textile SEZ, MPSEZ Signs MoU

This may be just the beginning of the fall in real estate prices. Lead developers have cut down prices and several projects are now expected to be delayed by over six months or put on hold. Goldman Sachs has forecasted that some property prices will fall by nearly 30 %. RBI has directed banks to avoid restructuring of loans to builders. Buyers continue to wait for further fall in prices.

-Chillibreeze Business Research Team

General Information / Trends
Home Loan Rate the Key According to DLF
Two Point Strategy Adopted by Developers
Property Prices Predicted to Fall Further
Industry Body CREDIA calls for Price Reduction
Industry Body NREDCO calls for Price Reduction
Projects are Getting Delayed
Price Cuts Still Not Enough
RBI Policy Initiatives Still to Trigger Banks to Ease Lending

Government Policy
RBI Makes Loan Restructuring Difficult

Retail Real Estate
India Has Several Fast growing retail Markets

Real Estate Finance
Fund Raising Offshore

Corporate Plans
Township Plans of Sahara Prime
DLF Puts Projects on Hold and also Lays off People
Morgan Stanley Stays Bullish on Indian Realty
Offerings from TDI Infrastructure

International News
Indian Realty Expo in Dubai

SEZ News
Textile SEZ Plans Put on Hold
Punjab SEZ Act Gets Approval
MPSEZ Signs MoU with Nippon, WWL