We have heard enough that derivatives are weapons of mass destruction. These weapons appear to have entered the real estate now. Is it a prelude to a crash?
Rent for a flat is Rs. 1.75 lacs per month, which is Rs. 21 lakhs per annum. The purchase price of the same flat will be in range of Rs. 5 to 5.4 crore, which gives a rental yield of 3.9-4.2%. Given FD rates of 9%, you can sell the flat, put in FD and stay on rent – if you are a rational economic person, unfortunately most of us are emotional beings when it comes to owning our house.
I had a discussion on the state of real estate with my good friend, Anand Tandon, and I have realized that a real estate regulator will do a world of good for the sector.
Real estate funds score high on many factors, akin to mutual funds. There is a strong case for investment vis-a-vis direct investment in property or realty stocks. With interest rates at elevated levels, banks going slow on realty lending and a dried up IPO market, there is an opportunity to lend to reputed builders for potential IRRs of 15-17%. Read on…
Most Mumbaikars - upper middle class and above - enjoy an envious lifestyle. Yet, when it comes to shelter, most of them have a tough time to build their dream home.
Did you know: A basic 1,000 sq.ft in South Mumbai demands an annual income of Rs 45-90 lacs to be eligible for a home loan; apart from the direct and immediate burden of covering 25% of the apartment cost. The EMI on the loan - Rs 2.1 lacs to Rs 4.5 lacs per month, for 20 years!... How high should high be is the perplexing question?
This sector update on real estate is an outcome of our painstaking probe and comprehensive interaction with key stakeholders of the residential real estate market which reveal startling facts and figures on the value distribution of this sector across the key metros.
In the run-up to the elections, the market sentiment will be positive. So investors can increase their allocation to equities while maintaining a balanced portfolio, says Nirmal Jain, Chairman, India Infoline in an interview with Sanket Dhanorkar.
In an interview with ET Now, Nirmal Jain, Chairman, IIFL, talks about the IIFL Home Bonds and the macroeconomic scenario.
Resolutions in NCLT accounts, lower residual stressed assets and enhanced income recognition and provision write-backs through to ...
Buy Reco. Price: 286
Revival in retail mortgages and corporate lending business, are likely to drive income for the core mortgage business. The core ...
Buy Reco. Price: 2,125