GOA BEING LOOKED UPON BY NRIS AND LOCALS AS A SAFE INVESTMENT OPTION
09.06.08 (6:00 pm) [edit]If you're looking at investing in property or buying a second home, then Goa may still be your best option. Nature is doing for Goa, what IT did for Bangalore and Hyderabad - send land prices soaring!
This tiny coastal state, known to be the best remedy for one to distress, detox and recoup, has in recent years attracted a lot of investment for holiday homes by non-resident Goans (NRGs), NRIs and domestic buyers, mainly from north India. While the coastal belt with a good 'sea view' is always in demand; people are also scouting for inner lands overlooking hills, rivers or valleys with proximity to the city.
Also, while land prices in the rest of the country are expected to fall due to a hike in home loan rates, it's the opposite in Goa.
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MUMBAI'S SURPLUS LAND TO BE DEVELOPED BY BOMBAY DYEING SAYS WADIA
09.06.08 (5:51 pm) [edit]The Rs.1,000-crore textiles-to-real estate major, Bombay Dyeing, will develop eight lakh sq ft of property on its surplus land in Mumbai. The company will construct a high-rise building for commercial and residential use. "We will commence construction of a high-rise tower in two months. The entire project will be sold off in the next 24 months," Chairman Nusli Wadia told shareholders at the company's AGM.
Although it would be difficult to fix a value for the upcoming project, real estate market sources said the company could earn a few thousand crores. However, the value will depend on the state of the real estate market, which has shown signs of weakness of late.
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