October 8, 2009 – 12:18 pm
Real estate could be the lynchpin for the equity markets and a failure of a large IPO could start a correction in the market.
Mr Deepak Parekh, Chairman-HDFC Bank, said, “If a large real estate IPO fails, it could have a serious repercussion on the market”.
Mr Parekh stated that many of the recent IPOs have been [...]
October 7, 2009 – 6:22 pm
Indiabulls Power is likely to fix a price band of Rs 42-45 per share for its proposed IPO, which is expected to start on 12th of October.
The price band of the Indiabulls Power IPO is likely to be Rs 42-45. Calculated on the upper end on the price band, the company would collect around [...]
October 7, 2009 – 6:21 pm
The RBI is planning to hike interest rates marginally in the fourth quarter of this fiscal to give a signal to the market.
“To give a signal that the government is concerned about inflationary pressures, there is a chance of a marginal hike in interest rates in the January-March 2010 quarter,” HDFC Chairman Deepak Parekh said [...]
October 7, 2009 – 6:14 pm
The south karnataka based NGO Shree Kshethra Dharmasthala Rural Development Project (SKDRDP) has come forward to construct one thousand houses in flood-affected districts of the State.
Dr L.H. Manjunath, Executive Director-SKDRDP, said that the thousand houses will be built at a cost of ten crore rupees. Asked about the location of the houses, he said the [...]
October 7, 2009 – 1:34 pm
Tata BlueScope Building Solutions, a division of Tata BlueScope Steel Ltd, has tied-up with Arshiya International Ltd to provide Butler Building Systems for Arshiya’s upcoming warehousing projects in India. TBBS has started work, and is currently executing six Butler Buildings at Panvel. Arshiya plans to erect 19 warehouses and chillers units at Panvel and, subsequently, [...]
October 6, 2009 – 12:39 pm
Madhucon Projects Ltd, a Hyderabad-based infrastructure company, has secured a $3.9 million order for a road project from the Government of Nepal.
According to a company statement, the mandate involves upgradation of Sanfebagar-Martadi road under the road improvement project of the Exim Bank of India, Mumbai.
It had commissioned its first BOT project on NH 11 on [...]
October 5, 2009 – 5:40 pm
Property cards are the new concept to regulate realty sector in Karnataka. When the Karnataka Land Grabbers Act comes into force, it’ll bring in clearness by cleaning up land records. These had always been messed with, resulting in dubious property transactions and disputes. These cards, to be issued to property owners, will serve as [...]
October 3, 2009 – 5:30 pm
The Indian hotel industry will almost double the number of rooms from the current levels in 3-4 years by adding an estimated fifty-five thousand rooms, as per a study by consulting firm HVS India. The development of new rooms is going to be led by regional real estate players and hospitality firms as most large [...]
October 3, 2009 – 5:30 pm
Financial Intelligence Unit wants to cross check every real estate deal. It has asked the states to submit monthly data on registration of properties. FIU is a central agency responsible for receiving, processing and analyzing information relating to suspect financial transactions.
Often the real estate deals in the country involve unaccounted cash transactions. This [...]
October 1, 2009 – 1:43 pm
Hindustan Construction Company announced a tie-up for its nuclear business with Britain-based firm AMEC.
The two companies would provide consulting and EPC services for the establishment of nuclear power plants in India.
The tie-up will also enable HCC to execute services in the field of mechanical and electrical components of nuclear power plants by sourcing the latest [...]
September 29, 2009 – 3:50 pm
The stock market has SEBI to provide guidelines, define conduct and processes, provide a redressal system for both buyers and sellers and install necessary consistency and standardization. The proposed real estate regulatory body intends to do the same for the Indian property market, which currently presents a rather under-organized picture, Ashutosh Limaye, Associate Director – [...]
September 29, 2009 – 1:12 pm
Sri Lanka is taking small steps to revitalize its shabby forty billion dollar economy. Delegates from the Sri Lanka board of investment met officers from real estate giants for investments and have liberal rules governing businesses.
It aims to spend twenty million dollar in encouraging the nation for global tourists.
Ravi Puravankara, MD-Puravankara group, said, “With the [...]
September 28, 2009 – 4:34 pm
The real estate market is slowly picking up in Ajmer. Investors as well as end users have started exploring options. Being a prominent centre of religious tourism, there is no dearth of investors from abroad.
Property consultants have started getting queries from NRIs visiting ajmer. Blue Earth Consultant MD Surendra Rajpurohit said, “Most of [...]
September 28, 2009 – 2:02 pm
The Reserve Bank of India may step up its efforts to pre-empt another bubble in the local property market by increasing the cost of funds for the commercial real estate sector by up to 200 basis points.
According to an RBI official, “We are looking at a hike in the risk weight to the commercial real [...]
September 26, 2009 – 3:13 pm
The award instituted by the Kerala State Nirmithi Kendra for designing a house costing under one lakh rupees has gone to Mr Jonu John Thomas, an architecture student at the National Institute of Technology, Calicut. About 20 designs had come up for consideration at the competition that required participants to prepare innovative blueprints keeping [...]
September 26, 2009 – 1:54 pm
Mumbai is expected to see the highest demand for residential space of approximately 16.40 lakh units due to the large scale urbanization. The mid-scale and affordable housing in suburban and peripheral areas will be the focus of this demand. However, the demand for office space would be approximately 23.7 million square feet, which is lower [...]
September 26, 2009 – 12:41 pm
Real estate sector in the country will witness a prolonged and robust demand. According to a report by global realty consultation firm Cushman & Wakefield, the pan-India residential demand for 2009-2013 could be around 7.5 million units and that for office space at 196 million square feet.
The Cushman & Wakefield India Real Estate Investment [...]
September 25, 2009 – 1:01 pm
The maximum demand currently is for 2BHK residential apartments and finally supply is following demand. Such has been the response that there are developers who claim as much as 55% of their inventories comprise two bedroom units.
According to Atma Sharan, GM-Marketing, Ashiana Housing Ltd, “About 55-60% inventory would be 2BHK. This definitely is the fastest [...]
September 25, 2009 – 1:00 pm
Though the 10 IPOs in the fiscal have mopped up close to Rs 10,000 crore, the attitude of retail investors to the offerings has been one of extreme caution.
While participation by institutional and high net worth investors has been positive, retail interest has waned, said merchant bankers.
The 10 IPOs that hit the market this fiscal [...]
September 24, 2009 – 5:28 pm
Parsvnath Developers Limited is looking toward tier-II cities and following the strategy, PDL announced Parsvnath City at Saharanpur. It will offer plotted development, independent Floors and expandable villas at affordable prices. Spread over more than hundred acres, Parsvnath City, Saharanpur is strategically located on Delhi road. First of its kind project will offer independent floors [...]
September 24, 2009 – 3:07 pm
DLF has launched the 2nd phase of its residential project in the heart of national capital, has sold all the apartments within 2 hours. The company sold all the flats, offered at prices of up to Rs 1.86 crore, though it has increased the selling price of its units by up to 26% compared to [...]
September 23, 2009 – 3:20 pm
Bringing character to a home is the latest mantra, at least in the luxury format.
Designer Mr Sabyasachi Mukherjee will work on six of the two hundred limited edition homes Samira Habitats is developing at Alibagh. These would cost upwards of one crore rupees each.
The designer will work closely with the project architect to ensure structural [...]
September 23, 2009 – 11:15 am
As the global slowdown pushed consumers to stay at home, retailers halted expansion plans and checked out of expensive high-street locations. Rental rates at high street locations across the world crashed, with the biggest crashes in Mumbai.
Among the exceptions were Bangalore’s two iconic retail hubs, Brigade Road and Commercial Street, and Kolkata’s Camac Street.
Mumbai’s [...]
September 22, 2009 – 3:50 pm
Photo by paul goyetteProperty firms are launching housing projects and raising pitch for ongoing ones in the hope of making decent sales going into the festive season. The mood among builders may be buoyant, but very few believe price hike is possible as demand is still hesitant and new supplies are hitting the market.
The festive [...]
September 21, 2009 – 4:47 pm
Dax Properties is setting up a 18-hole golf course-centric luxury retreat and township at Shadnagar near here which will entail investment of five hundred crore rupees.
The golf course will be spread over 130 acres on a 300-acre site earmarked for the Golf Retreat project, according to Mr Masood, MD of the Bangalore-based Dax Properties, part [...]
