The rising Indian economy has led to the prosperity of real estate sector in India. The real estate in India has grown as one of the most attractive investment areas for domestic as well as foreign investors. Indian real estate has great potential demand in almost every sector, but especially commercial, residential, retail, industrial, hospitality, healthcare and so on.

Nowadays, many online portals are popular on the Web for real estate professionals to market their services to home buyers and sellers. These portals are constantly trying to make the process of Indian property transactions more conducive, transparent and stress-free.

An online portal called www.propertyvertical.com provides an environment where the entire property community including agents, sellers, buyers, tenants, banks, attorneys and so on can freely interact to the benefit of the industry as a whole.

PropertyVertical.com provides complete listing of real estate agents, brokers, construction companies in and around Delhi, Chandigarh and other parts of India. The website has a comprehensive yet user-friendly design that facilitates easy and effective property transactions. It also provides a customized interface across property categories making each listed property unique. This real estate portal also provides services in US to serve the NRI clients thus maintaining a multinational base.

As an internet property dealer, PropertyVertical.com provides you with property listings in all residential and commercial sectors as well as agricultural and industrial land too. Here all the property related listings are continuously updated and maintained, to provide you with latest and accurate information. The portal also provides photographs of property listings packed with information so that you can make personalized selections. Their typical property services include property evaluation, marketing and advertising the property, finding a qualified tenant, buyer, preparing leases and helping in property transfers and so on.

Being a property management portal, PropertyVertical.com is dedicated to develop effective solutions to cater your varying property needs, serving as a one-stop guide to all your real estate requirements. With excellent service and support, this online portal is constantly working to regulate the Indian real estate market through this virtual platform.

Propertyvertical is different from other Real Estate Portals – We are not just a Real Estate Portal – but we ourselves are Real Estate Advisors/consultants. Propertyvertical does not put property of an online advertiser on website but markets and sells a property of a seller. We upload a property only after checking all credentials etc. and we ourselves are selling those properties. Whereas other Real Estate Portals are just providing platform for individual buyers/dealers to sell their properties.

Mumbai Extravaganza offered a unique platform for international real estate institutions as well as developers to launch and promote new products. Apart from high net worth individuals, the high life show also attracted professional advisors such as lawyers, bankers, brokers, top management and decision makers of Mumbai´s leading corporations, successful entrepreneurs and celebrities.

Mohamed Binbrek, CEO of Dubai Properties, said: “We were pleased with our presence at Mumbai Extravaganza. The event gave us an opportunity to present investors with instant information on the latest developments from Dubai Properties, as well as introduce our latest project launches to a new market.

“Indian nationals are amongst the top investors within the booming real estate market in Dubai. The geographical proximity of India makes it an increasingly attractive sector for property developers in the UAE to contemplate. India itself is an emerging and credible market that boasts many international conglomerates and high-net worth investors with whom we are keen to meet and conduct business with.”

In 2007, Indian Nationals spent AED 4 billion on real estate in Dubai, and over the past 10 years, Indian Nationals have spent a total of AED 6.5 Billion on the Dubai Real Estate sector. While the majority of these buyers were Indians living within the UAE, 10% of them were living in India or otherwise, proving the existence of a substantial demand for Dubai real estate from outside the UAE.*

Dubai Properties was presented in the luxury event by Shorex Ltd. the award-winning London-based wealth management event specialist.

The Reserve Bank of India is reviewing banks’ exposure to the commercial real estate sector.

This comes on the back of a continuous rise in prices in the sector, even as the regulator has followed prudential norms for taming the flow of bank credit by raising the risk weights for capital allocation.

The RBI is contemplating a sectoral cap for limiting the flow of bank credit to the sector, in line with the limits imposed for capital markets. Another option being considered is to further raise the risk weights on such loans.

According to banking sources, further prudential tightening for the commercial real estate sector would not have been required had the regulator gone ahead with the implementation of the revised capital adequacy norms, popularly known as Basel II norms.

This is because under these norms, risk weights are proportionate to the sensitivity of the sector. The higher the risk weight, the higher is the capital allocation.

Sources close to the development said the commercial real estate sector was under strict observation, though any concrete step by the RBI to check the flow of credit might take some time.

On the other hand, banks have become cautious in lending to the sector and are cutting down their exposure made in the form of venture capital.

They are not only reviewing proposals for commercial real estate funding, but have also become wary of investing in bonds floated by real estate companies.

A study by the RBI has revealed that banks which have lent heavily to the commercial real estate sector are not necessarily exposed highly to retail home loans.

In fact, the study did not find any correlation between the two categories of lending, said a banking source.

Bankers felt raising the risk weight might send a signal that the RBI was much concerned about banks’ exposure to the commercial real estate sector, which was anyway not overly dependent on bank finance.

There were overseas private equity funds, especially in West Asia and South East Asia, which were bullish on Indian real estate, they said.