Carrefour Plans to come up with 4-5 Retail Stores in India by end-2010
Carrefour, the world’s second largest retailer, has secured four properties in four cities across India and plans to set up 4 to 5 cash-and-carry stores by the end of 2010.
The French retail giant has signed for properties averaging about 100,000 square feet each in New Delhi, Bangalore, Chennai and Hyderabad and is in the process of signing up a fifth property in Mumbai.
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Investors Taking Interest in Real Estate Sector
Real estate financing in India has changed significantly over the past 50 years for both developers and buyers. Real estate developers have seen the universe of funding agencies expanding from unorganised moneylenders to the entire gamut of funding sources, including loans from banks and housing finance institutions (HFIs), private equity, public equity offerings, bonds, and debentures. Buyers have seen the shift from own resource-funded home purchases to bank-funded mortgage finance.
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Ten-fold Increase in SBI’s Loan Limit
State Bank of India (SBI) will increase by ten-fold its loan limit to individuals planning to buy land to build a house as the country’s largest lender makes a greater push into the housing segment. The bank has finalised a proposal under which it will lend Rs 10 crore for buying land for housing against the earlier cap of Rs 1 crore.
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Future Real Estate Agents Have a Reason To Smile
RE/MAX a forerunner in realty sector providing management solutions for their Indian operations announced on Monday, May 3 that they are going to open an advanced Real Estate Management platform in the country. For this they have entered in partnership with Gryphtech a major provider of enterprise software applications, solutions and services.
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