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RealtyTrac | June 13, 2016
House flipping is hot. Last year marked a high, since 2007, in the number of people trying to buy houses cheap, fix them up, and sell them, according to real estate information company RealtyTrac. And who can blame the newcomers when the average gross profit in the first quarter of this year for flipping was $58,520? Keep it up and maybe you could even get your own house flipping reality TV show. There’s just one problem: lots of people are losing money....
JLL | June 27, 2016
NEW DELHI: Kochi will become a highly- preferred real estate destination in the country driven by various infrastructure development projects in the city, which has been included in the list of Smart Cities programme, says a report. All potential drivers like IT development for job creation, metro rail, the Smart City tag for basic infrastructure, port-based development for industry and commercial growth, airport terminal, foreign investment and tourism are emphasized in Kochi, it added....
Shangahi’s Zendai Group | June 27, 2016
According to a lengthy story in the South China Morning Post, Chinese real estate impresario Dai Zhikang had made the “bold” decision to get out of property investment and look to investing in the arts. The founder and chairman of Shangahi’s Zendai Group compared the recent property market rise to a “dead cat bounce,” according to the article, saying he wants to rebuild Zendai “top to bottom.” In order to do this, “he singles out culture, financial...
thehindu. | June 27, 2016
The Haryana Government has approved 15 per cent decrease in collector rates (circle rates) of property in Gurgaon in view of the sluggish real estate market. It is for the first time in the history of the Millennium City, a premium real estate market, that the collector rates for property have actually been slashed. In the previous two financial years, 2014-15 and 2015-16, the collector rates were kept unchanged in the city. The city has been witnessing slowdown in the real estate market for the...
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