December 4, 2008 – 1:35 am
Indiabulls Real Estate announced that the High Court of Delhi has sanctioned the scheme of amalgamation of Indiabulls Power Services (IPSL) with Sophia Power.
Both IPSL and Sophia Power are subsidiaries of the company. The company further said that it would be allotted equity shares in Sophia on the basis of share exchange ratio as per [...]
December 3, 2008 – 1:51 am
Thanks to a variety of witty presentations explaining financial woes afflicting the US via e-mails, everyone today is an “expert” on sub-prime;everyone is risk-averse and everyone who is not affluent is seen as “high risk” and deemed by most as “sub-prime.”
But, there are fundamental differences, both in the economic situation and the customer segment that [...]
Posted in Property News
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Tagged Affordable Housing, Annual Salary, Credit Histories, Customer Segment, Economic Situation, Financial Woes, Home Loans, Housing Market, Indian Population, Indian Scenario, Loan Entitlements, Real Estate Boom, Repayments
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December 3, 2008 – 1:48 am
The government is working on a fresh package of measures to stimulate various sectors of the economy which are facing a slowdown in the wake of the deepening global financial crisis.
The stimulus package is to be announced by the end of this week which is being prepared on the directions of Prime Minister Manmohan Singh.
Apart [...]
Posted in Property News
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Tagged Apex Group, Bank Of India, Economic Sectors, Economic Slowdown, Finance Ministry, Fiscal Incentives, Global Financial Crisis, Home Minister, Intensive Industries, Manmohan Singh, Montek Singh Ahluwalia, P Chidambaram, Prime Minister Manmohan Singh, Reserve Bank Of India
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November 29, 2008 – 5:15 am
John Abraham has got more than five lac US dollars on behalf of a Georgia based non-profit organization for building homes for the poor in India, Pakistan, Bangladesh and other countries.
John Abraham, who is the goodwill ambassador of Habitat of Humanity, received the money at a glittering ceremony here yesterday. The contribution, made by leading [...]
Posted in Property News
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Tagged Asia Pacific, Building Homes, Eta Star, Goodwill Ambassador, Habitat For Humanity, Habitat For Humanity International, Habitat Humanity, Habitat Of Humanity, India Pakistan Bangladesh, Initiative, John Abraham, Leading Property, Money, Non Profit Organization, Poor In India, Property Developer, Us Dollars, Vice President
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November 28, 2008 – 2:15 am
Fortis Healthcare Ltd has a strategy to build hospitals with real estate giant Emaar MGF Land Ltd and DLF Ltd appear to be going nowhere amid Fortis’ concerns over the sites that were proposed by both builders.
Fortis had signed a memorandum of agreement with DLF in January last year to set up fifteen hospitals in townships [...]
Posted in Property News
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Tagged Ambitious Plans, DLF, Emaar, Fortis, Healthcare Ltd, Hospitals, Manesar, Memorandum Of Agreement, Memorandum Of Understanding, Mgf, Mohan Singh, Spokesman, Tier II, Townships
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November 27, 2008 – 8:59 am
Indian real estate market could reach a value of $60 billion by 2010, and become an “enormous” economic power, a Middle East developer has said. Abdullah bin Abdulaziz Al Majed, vice chairman of Tanmiyat Group, was speaking ahead of the firm’s participation at property show Cityscape India 2008. Tanmiyat is among a group of international [...]
Posted in Property News
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Tagged Al Majed, Bombay, Economic Power, Exhibition Center, Future Of Real Estate, India, Indian real estate, International Investors, Lacs, Participation, Population, Presence, Property Professionals, Real Estate Investments, Real Estate Market, Residential Units, Slump, Tanmiyat, Vice Chairman
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November 26, 2008 – 6:00 am
The demand in the housing sector fell by 35% in tier-II and tier-III cities in the first half of this fiscal due to the high cost of borrowings, says an assessment by an industry lobby.
According to the assessment of Assocham, over 20 million people in about 25 tier-II and tier-III cities, who want to purchase [...]
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Tagged April, Assocham, Borrowers, Borrowings, Brick, Cement, Chambers Of Commerce And Industry, Cost Assessment, DLF, Dwelling Units, Indore, Industry Lobby, Interest Rates, Meerut, Property Purchases, Raw Materials, Real Estate Developers, Slew, Tier II, Unitech, Urban Centres
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November 25, 2008 – 1:59 am
Citigroup has got US government support of $326 billion, which is roughly equivalent to one-third of the Indian economy.
Citi has received US government guarantees of $306 billion, a cover that will help it sell the sticky assets and irrecoverable mortgages on its books, and a $20-billion cash infusion from the US Treasury, which is over [...]
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Tagged Asian Markets, Assets Under Management, Bailout Package, Barack Obama, Cash Infusion, Citi Financial, Citi Group, Citigroup Global Markets, Dalal Street, Delinquencies, Economical Support, European Markets, Finance Arm, Government Guarantees, Government Role, Government Support, Indian Economy, Management Changes, Preferred Stock, President Elect, Shakeout, Sticky Assets, Us Treasury, Vikram S Pandit
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November 24, 2008 – 7:05 am
Property prices within the metropolitan areas of Delhi, Bombay, Hyderabad and Bangalore have seen massive growth in recent years and prices in some areas are considered
to be excessive. But, outside this golden circle, in cities such as Mohali in the foothills of the Himalayas and in the boom town of Rudrapur, in neighbouring Uttar Pradesh, [...]
Posted in Property News
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Tagged Affordable Housing, Boom Town, Cb Richard Ellis, Cbre, Commonwealth Games, Credit Crunch, David Stanley, Delhi Development Authority, Emaar MGF, Global Financial Markets, Hamptons, Himalayas, Hyderabad, Income Earners, Indian Universities, Investment Scenario, Investment Volume, Investor Demand, Jorgenson, Landmark Address, Massive Growth, Mohali, New Jobs, Northern India, Realty Market, Redfern, Residential Developments, Royal Institution, Rudrapur, South Goa, Uttar Pradesh, Western Style
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