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53 ArticlesReal Estate

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A deal by Indian Standards: 585K in Chula Vista

$585,000 for this place shown by Jim the realtor: (Hat tip: Calculated Risk) That’s about Rs. 2.8 cr., for a 4300 sq. ft. 4br house, fireplace, pool in ...

DLF, Unitech hike square feet, instead of prices

From Mint: Buyers who bought apartments in Gurgaon and Greater Noida from DLF Ltd and Unitech Ltd are complaining that the builders have increased maintenance ...

Dubai's Dreams in Tatters

Newsweek: Dubai’s last hurrah “It’s a tragedy in the making,” said a senior executive with one of the city’s biggest ...

Two pieces of bad U.S. News: Unemployment and Mortgages In Trouble

Unemployment has reached 6.7% in the US, with November showing a drop of 533,000 jobs. Over 1.25 million jobs in the last three months have been lost, and the ...

Real Estate in Denial

(Whisper) Real Estate Developers think it’s a great time for you to buy a house, because prices have “bottomed out“. Agreed Rohtas Goel, CMD, ...

SBI Chief says 50% real estate correction likely

SBI’s O.P. Bhatt says: “In India we may witness up to 50% correction in pricing in the mortgage markets. If that happens, it’s good news for the ...

Random prediction: Mumbai Real Estate will fall 50%

So all the realty folks are saying that of all places, Mumbai will see the least impact on real estate prices. Meaning, even if prices drop, Mumbai won’t ...

Realty pressure: Rents, Sales and Diwali Prayers

BS: Store rentals suffer 20% fall in 4 months We have seen rentals cooling off by 10 to 20 per cent in the last three to four months,’’ said Ashok Bhasin, ...

Switch off your TV, Stop Buying Papers, Say Real Estate Developers

Talk about ostriches with their heads in the sand. From DNA: “Journalists are blowing up the issue (of real estate slowdown) to become hot journalists ...

China: 70 lakh sq. feet malls lying empty

Anita Campbell writes: South China Mall is the world’s largest shopping mall, according to this article in The National. At over 7 million square feet, it is ...