Realty prices in India rise dramatically
Real estate prices in India are increasing dramatically, growing at the rate of 40% per year in some cities. The National Housing Bank ascribes the boom to shortage of land and rising incomes; however it expects a dip in rates in some regions in the medium term.
The Dubai-based real estate giant, Emaar Properties PJSC is planning to invest over $4 billion in India’s thriving property sector. It has floated Emaar MGF Land Private Ltd with the Indian firm, MGF Developments Ltd to oversee real estate projects in the country. In December, 2005, Emaar MGF launched India’s largest FDI in real estate amounting to half a billion dollars for projects across India.
Source: http://www.gowealthy.com/realestate/news/1478/detail.asp
The Dubai-based real estate giant, Emaar Properties PJSC is planning to invest over $4 billion in India’s thriving property sector. It has floated Emaar MGF Land Private Ltd with the Indian firm, MGF Developments Ltd to oversee real estate projects in the country. In December, 2005, Emaar MGF launched India’s largest FDI in real estate amounting to half a billion dollars for projects across India.
Source: http://www.gowealthy.com/realestate/news/1478/detail.asp
posted by Real Estate India at
11:24 PM
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