August 21, 2008 – 5:09 am
Realty slowdown is delaying delivery of homes. Several developers have postponed execution of their housing projects as funds become scarce, demand softens and raw material prices rise. While some others are deliberately delaying projects in order to reduce supply as demand weakens.
Several projects across the country are getting delayed as developers aren’t able to generate [...]
Posted in Property News
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Tagged Buyers Realty, Constraint, Construction Work, Cost Of Debt, Cushman, Delaying Execution, Dream Homes, Gaursons, Government Sanction, High Interest Rates, Housing Projects, Housing Units, Manoj, Raw Material Prices, S Central, Sanjay, Slowdown, Unavailability, Wakefield, Work Projects
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August 20, 2008 – 9:39 am
A Delhi based real estate company, which claims to have transformed the dreams of several of its customers to reality, is being trampled by a leading Mumbai-based NBFC.
The promoters of the real estate company had pledged its shares with the NBFC and accepted a funding of Rs 300 crore to meet its short-term working capital. [...]
Posted in Property News
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Tagged Bad Debt, Borrowings, Circles, Dreams, Market Sources, Mumbai, NBFC, Promoters, Real Estate Company, Real Estate Developer, Share Prices, Shares, Stock Price, Working Capital
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August 20, 2008 – 9:36 am
The real estate sector may be experiencing a slump at present, but that has not stopped the Mumbai Metropolitan Region Development Authority (MMRDA) from offering two huge plots for long lease. The two plots are sited within the Wadala truck terminus opposite the IMAX multiplex.
The agency, undertaking multiple infrastructure projects in Mumbai, hopes to draw [...]
Posted in Property News
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Tagged Asset Management Companies, Brisk Pace, Chembur, Cinema Complex, Commercial complex, Commercial Plot, Construction Area, Corporate Developers, Finance Agencies, Financial Institutions, Infrastructure Development, Infrastructure Projects, Merchant Banks, Metropolitan Region, Mmrda, Mutual Fund Groups, Real Estate Sector, Telecom Companies, Top Notch
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August 19, 2008 – 10:39 am
The satellite city of Navi Mumbai is giving realty jitters to Mumbai. The City Industrial and Development Corporation sold seven plots of land between nine thousand square feet to sixty thousand square feet. Ravji Enterprises quoted a whopping ten thousand rupees per square feet to emerge as the successful bidder for fifty thousand residential-cum-commercial plot [...]
Posted in Property News
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Tagged Andheri, Arvind, Cidco, Commercial Plot, Common Man, Deliberate Policy, Estate Consultant, Estate Experts, Jitters, Kesar Group, Navi Mumbai, Nmch, Palm Beach, Plots Of Land, Realty Experts, Satellite City
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August 18, 2008 – 2:40 am
Most Indian developers have hit the brakes on fresh land acquisitions as a slide in the stock market, rise in interest rates and aggressive demands of the private equity investors have limited funding options.
After five years of boom, real estate firms in India are grappling with tepid sales and cash crunches as inflated property prices [...]
Posted in Property News
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Tagged Advance Bookings, Aggression, Cash Crunches, Current Projects, Distant Locations, Distress Sales, Jones Lang Lasalle, Land Acquisitions, Land Parcels, Land Reserves, Metros, Private Equity Investors, Property Consultant, Reuters, Target Price
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August 13, 2008 – 12:21 am
The expansion plans of retail companies have taken a hit due to the rising real estate rentals.
Talking to media persons, K Dasaratharaman, president (specialty retail), Spencer Retail, the retail arm of the RPG group, maintained that the real estate prices are a critical aspect while choosing the location of new stores.”
Dasaratharaman said that while they [...]
Posted in Property News
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Tagged Cash Crunch, Expansion Plans, Global Retailers, Hamleys, High Interest Rates, Hypermarket, Marks Spencer, Most Populous Country, Office Depot, Reliance Industries, Retail Firms, Retail Real Estate, Second Most Populous Country, Share Index, Share Issues, Shoprite, Tata Group, Wal Mart, Wholesale Cash
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August 12, 2008 – 4:22 am
Property developer Matheran Realty said that it will sell 15000 residential units in its Karjat project at Rs 999 a square feet.
The company is setting up Rs 900-crore mixed-use project at Karjat on 100 acres of land.
Pravin Banavalikar, Chief Executive Officer, Tanaji Malusare City said, “The project will have 10%-15% reserved for commercial purposes which [...]
August 11, 2008 – 12:34 am
South-based Jain Housing and Constructions have launched its two mega residential ‘Carlton Greek’ projects.
Company’s CEO Vijay Kumar Managing Director Sundeep Mehta said that company will construct 1,120 apartments in two phases investing Rs 950 crore.
He said that the project would be completed by 2011. The company’s last year turnover was Rs 280 crore with profit [...]
Posted in Property News
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Tagged Apartments, Constructions, Elegance, Grandeur, Housing Projects, Investing, Managing Director, Mehta, Pleasing Balance, Residential Projects, Turnover, Vijay Kumar
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Property prices in mumbai suburbs have started cooling down and by March 2009 the fall would be anything between 10% to 20% from now, real estate consultancy firm Jones Lang LaSalle Meghraj said.
“There is no sign of propoerty prices coming down in the heart of Mumbai because of almost zero supply. But, beyond Borivali (a [...]
Private investment company Berggruen Holdings (BH) has forayed into the realty space in India, lining up a slew of commercial and residential projects. It plans to take advantage of the sluggish market scenario to make investments.
Berggruen Holdings founder Nicolas Berggruen said, “The real estate market is going to be difficult for a couple of years. [...]
Posted in Property News
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Tagged Aesthetics, Asset Classes, Berggruen Holdings, Dynamic Opportunities, Forays, Hospitality Education, Major Component, Market Scenario, Mysore, Nicolas Berggruen, Private Investment Company, Public Markets, Raipur, Residential Projects, Retail Formats, Sluggish Market, Valuations, Vizag
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