Real Estate

NRI Investors can use Indian Housing investments as hedge during troubled times: Shajai Jacob

NRI Investors can use Indian Housing investments as hedge during troubled times

The Indian real estate market right now stands in equilibrium as prices are stable across most cities in India. However, this is slated to change in the medium to long term as demand should outweigh supply over the next few years, primarily due to decline in residential launches. Sales have, in fact, overshadowed new launches in the past 4-5 quarters - signalling the revival of the sector.

 

Elliott Management Persuades PulteGroup to Add Three New Members to Its Board

Atlanta, Georgia based PulteGroup, the home building company announced a strong quarterly report and witnessed its stocks climb, following the news. The company also struck a deal with Paul Singer's Elliott Management.

PulteGroup agreed to add three new directors to its board. Two of the new members will help choose its next CEO when it's current CEO Mr. Dugas leaves.

Nationwide Home Sale Figures Climb in June

In June, home sales jumped in most U.S states including Ohio. That continues the trend of recent gains even though the supply pool is limited.

On Thursday, the Ohio Association of Realtors said record gains in home sales were noted in June. Annually, the sales rate was 5.4 percent up compared to the previous year based on seasonally adjusted data. Transactions in the housing market increased almost one percent from May.

Aldar Properties awards contracts worth $119.7 million

Aldar Properties, an Abu Dhabi listed company, has announced that it has awarded contracts worth $119.7 million or AED 440 million for two of its projects in Abu Dhabi.

Large down payments deterring expats from buying homes in UAE

Property market experts have said that a large number of residents in the United Arab Emirates (UAE) do not own a property in the country.

The latest data showed that just around 30 per cent of UAE residents have actually purchased a house in the country. This means that a large majority of 70 per cent do not own property and are on rent. Experts say that large property down-payments as well as bank's reluctance to lend money has made it difficult for many residents to purchase house in the country.

South Africa aiming to provide six million houses by 2019

LindiweSisulu, the Human Settlements Minister for the South African Government, has said that the Human Settlements Department is aiming to provide as many as six million houses and housing opportunities to South Africans by the year 2019.

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