Investment in real estate remains a most profitable proposition in India

Investment in real estate remains a most profitable proposition in India, particularly in the National Capital Region (NCR) of Delhi, which is growing at a feverish pace.

Overall, the returns on long term, say around 15 years, are almost 15% compounded annually. These kinds of returns are hard to come by from any other asset class.

However, people say that the prices in Delhi or Mumbai have gone up very high and any investment at this level would not fetch good returns. But if you see the past records, in the long term, the high-price level gets evened out and the overall returns remain high.

Read more: The Economic Times

Ireo’s Gurgaon Hill, Gurgaon, India

Realty sector welcomes more liquidity but wants rate cut

The real estate industry on Monday expressed hope that a part of Rs 17,000-crore worth liquidity infused by RBI into the financial system would flow into the realty sector.

The industry also sought measures to lower borrowing cost and boost housing demand.

“This (CRR cut) will help in generating liquidity and some part will flow into the real estate, which is much required given the compression of liquidity within the real estate industry,” property consultant Jones Lang LaSalle (India) Chairman and Country Head Anuj Puri said.

Read more: Zee News

Nifty settles above 5,600; Realty jumps 6.2%

Indian equities ended with decent gains on Monday led by realty, capital goods and banking stocks. The market participants welcomed the RBI’s decision to reduce CRR and the Govt decision to allow FDI in multi-brand retail and civil aviation sector.

The Sensex opened up around 250 points supported by government’s initiative in FDI and global market cues.  Profit booking was seen in IT, FMCG and Pharma sector; it was partly because of strong rupee and overstretched valuations. The central bank reduced the CRR by 25 bpts but left the lending rates unchanged in the view of high inflation. Minor profit booking trimmed its early gains,   but in the last hour of trading markets rebounded smartly which was led by the rate sensitive stocks.

Read more: My Iris

Dakshin Haryana Bijli Vitran Nigam reiterates its vision of 22 to 24 hour power supply in Gurgaon, Faridabad

The Haryana Power Distribution Corporations (Dakshin Haryana Bijli Vitran Nigam and Uttar Haryana Bijli Vitran Nigam) envision supplying power for 22 to 24 hours a day in 2-3 years, Devender Singh, Chairman and Managing Director of the corporations apprised the public representatives here today in a meeting of public representatives of Faridabad and power distribution managers of Haryana.

The public representatives those were present include Shiv Charan Sharma, Labour and Employment Minister, Mr. Anand Kaushik MLA,. A C Chaudhary former Power Minister Haryana, Mukesh Sharma Dy. Mayer and over 100 people representing various sections of people and different groups of consumers.

Read more: The Times of India

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