India: Real Estate, ICRA downgrades ratings of top developers, Housing, Central BanK, Ansals Plan, NASSCOM, STPI Scheme

The residential and commercial real estate sector continues to be in doldrums. Some markets have seen a 15-20% price correction. A reduction in home loan rates has been announced by PSU banks but there are no takers as yet. If the situation does not improve, there could be distress sales. Budget housing seems to be emerging as a viable option.

-Chillibreeze Business Research Team

General Information / Trends
Affordable Housing Gets Focus in Pune
Demand to Rise Soon
Dilemma Facing the Real Estate Sector
SBI Hints at Price Correction
Interest Rates the Key
HDFC Expects a Correction in Realty Prices
High Land Prices Escalating Costs
Bangalore Witnesses Demand Slowdown
Home Loan Defaults on the Rise

Government Policy
The Central Bank and the Government Take Steps to Ease Liquidity

Retail and Commercial Real Estate
Slowdown in IT and ITES Sector Bring Down Rates

Corporate Plans
Ansals Plan Stake Dilution

International News
Singapore Beckons

SEZ News
Dispute Over Tax Exemption in SEZs Continue
NASSCOM Seeks Extension of STPI Scheme