Real Estate: Weekly Updates from India Reports - Downward spiral to continue

Earlier reports of a likely turnaround in the real estate sector now seem optimistic. Property prices are expected to fall further. Industry watchers believe that debt ridden companies may not survive. Developers have started shelving projects and more and more developers are joining the affordable housing bandwagon. The Government has amended rules for SEZs and also exempted the developers from the payment of service tax for property transactions.

-Chillibreeze Business Research Team

General Information/Trends in the Real Estate Sector
Pressure on Real Estate Likely to Remain
Realty Sector in Death Spiral
Property Prices May Come Down By Another 20 Percent

Government Policy in the Real Estate Sector
Exemption from Service Tax on Property Sales

Real Estate Finance
Sobha Developers Set to Restructure Rs 850-Crore Debt

Corporate News in the Real Estate Sector
Golden Gate Properties Plans More Affordable Homes
BPTP Applies to Noida Authority to Surrender Biggest Land Deal
DLF Stalls a Fourth of Its Projects

SEZ News
SEZ Rules Amended, to Provide More Benefits to Developers

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