December 10, 2012 – 6:12 pm
Oyster Grande Gurgaon is to be launched by Adani Realty, in association with M2K. Adani Conglomerate’s real estate wing- Adani Realty has declared its tie up with Delhi-based M2K Group. Oyster Grande Gurgaon is a premium housing project. Both the real estate firms will have equal shares in this premium project. Oyster Grande Gurgaon is […]
December 5, 2012 – 7:23 pm
Real estate developers’ apex confederation asked its members to offload their unsold properties by lowering prices. CREDAI cautioned the necessity of selling of unsold real estate properties. CREDAI’s national president Mr. Lalit Kumar Jain disclosed that the real estate builders would consider offloading their properties at lower rates. He was answering to the suggestions of […]
December 4, 2012 – 6:47 pm
FDI in Retail Policy is expected to be presented in both the houses of Parliament. UPA government’s decision to seek vote only in LS was opposed by the opposition leaders. UPA government is confident of its overwhelming majority in the lower house- Lok Sabha. However the ruling coalition seems nervous over gaining an upper hand […]
December 3, 2012 – 6:46 pm
The existing financial crises lead Gammon India, the developer of landmark ‘The Gateway of India’ to monetize its real estate assets. Severe financial loss in the 3rd quarter of the current year compels Gammon India to monetize its real estate assets. The company was severely affected by the increased financing costs and lowered sales.
November 28, 2012 – 6:57 pm
MHUPA- Housing and Urban poverty alleviation ministry- decided to launch New Real Estate Bill. This decision was welcomed by the home buyers but not CREDAI. The new Real estate Bill is believed to be implemented in the current winter session of the parliament. CREDAI Showed its displeasure over the new Real estate Bill which is […]
November 28, 2012 – 9:16 am
Capital Market Regulator – SEBI filed criminal charges against Sahara Firms. Sahara officials said that they submitted the documents but the regulator refused to accept them. SEBI alleged Sahara Group that they have not followed the regulatory orders. Mr. Subrata Roy – Sahara Group’s Head, is alleged of neglecting the regulatory orders. As per the […]
November 22, 2012 – 6:56 pm
CEO and Chairman of Noida have been removed by Allahabad High court. The High Court further ordered CBI to investigate in to the cases filed against the removed CEO and Chairman of Noida. Chief executive officer Sanjeev Saran and Chairman Rakesh Bahadur IAS were appointed as Noida heads by Samajwadi Party. However their removal has […]
November 20, 2012 – 7:00 pm
Declining Indian rupees attracts more NRIs to invest in their mother land, India. Sources prove that a majority of NRIs invest on real estate properties. As per Sumansa Exhibitions’ survey nearly 89% of the UAE NRIs maintain real estate investments in India. Non-Resident Indians (NRIs) play a negotiable role in the growth of Indian Economy. […]
November 19, 2012 – 6:56 pm
Real Estate Developer Ponty Chadha the owner of Wave Infratech was short dead by the security guards of his brother Hardeep. His brother too received bullets and found dead at Chadha’s farmhouse. Existing dispute over some real estate property took the lives of two. The real estate developer Ponty Chadha and his brother Hardeep fell […]
November 17, 2012 – 6:53 pm
The proposed Hyderabad metro rail (HMR) is expected to be a high boost for the real estate in the city. With the arrival of new metro rail the city will have a praiseworthy transportation system. High quality transportation system will improve the infrastructure of the city. Recent trends prove that people have become more transit […]
Rupee has been depreciating and has positively influenced the demand from NRIs for residential properties in various cities across India, especially in Mumbai. The rupee has been touching new lows every day. Even today, the rupee touched 54.82 per dollar in early trades. Exporters and the NRIs are two categories which stand to gain from the weak […]
India’s Lodha Group is in advanced talks to buy a plot of land in Mumbai from DLF, the country’s largest listed real estate developer, for about $500 million, two sources with direct knowledge of the situation said. Sale of the 17-acre plot is seen as part of DLF’s plan to sell some of its assets […]
Bandra Kurla Complex was created by MMRDA as an alternate CBD to Mumbai, with the express purpose of halting the further growth of offices and commercial activities in South Mumbai. Currently, BKC has a total stock of 8 million square feet of office space. An additional supply of 2.5 million square feet is expected in […]
Announcement of a memorandum of understanding (MoU) between the Confederation of Real Estate Developers Association of India (CREDAI) and the Karnataka State Fire and Emergency Services (KSFES) Department on fire safety certification has raised quite a few eyebrows in the real estate industry. While an industry expert questioned how “credible” would the entire process be, […]
Bangalore-based, Century Real Estate and the Indian Institute of Management Bangalore has signed an MoU for setting up the IIMB-Century real estate research initiative. The IIMB-Century Real Estate Research Initiative will focus on collecting data and conducting scientific, cross-disciplinary research on the Indian real estate sector that will be published in leading academic and practitioner journals, the […]
Initially, several developers declined to abide by the code of conduct laid down by CREDAI. Following this, the association has expelled several developers, while some have resigned discontinuing their involvement with the organisation. Opposing the self-regulation code, the builders refused to sign the association’s code of conduct. The bone of contention for builders was the code […]
Unitech Ltd. (507878.BY), one of India’s top realty companies by sales, Wednesday posted a 98% drop in consolidated net profit for the January-March quarter as expensive loans and property prices crimped demand for apartments and shopping malls. Profit in the fiscal fourth quarter plunged to INR22.6 million from INR1.03 billion a year earlier. The figure lagged […]
John Forbes, PwC real estate partner, told the 2012 Cambridge Real Estate Finance and Investment Conference that the global financial crisis means that the milestone could come sooner than expected. ‘Back in 2007, we predicted that the GDP of the leading emerging markets would surpass that of the leading advanced economies by 2050. The intervening […]
Home-buyers in Noida and Greater Noida will have to wait longer for their flats. The Allahabad high court on Monday dismissed the plea of the Noida and Greater Noida authorities seeking review of its earlier order requiring all projects in the area to get the NCR Planning Board’s approval. So, till these clearances are in place, buyers […]
After the Allahabad high court rejected the review petition of villagers in Noida Extension, a small section of farmers unhappy with the order went on a rampage targeting projects of several builders. Other farmers were, however, happy that the Allahabad high court had turned down the plea made by the Greater Noida Authority in its […]
According to Sameer Gholve, Manager of Capital Markets at Jones Lang LaSalle India, Pune has been favoured destination amongst Real Estate PE funds since 2005 – the year FDI opened for real estate. Most of the funds are based out of Mumbai, which gives Pune obvious preference, as the city’s proximity allows these funds to […]
In two months, India could have a brand new affordable housing policy, an effort to give some boost to a weakening real estate sector. The Union Ministry of Housing and Urban Poverty Alleviation is in the process of finalising such a policy in two months. The government had already allowed external commercial borrowing for low cost […]
Escalating property prices with zooming interest rates had forced many prospective buyers to postpone their plans of buying a house. However, the recent easing of monetary policy by the Reserve Bank of India (RBI) has brought them relief in at least one aspect-lowering of interest rates. Many public and private sector banks have announced a cut in their […]
Indian firms are being squeezed by rising input costs and cooling demand, resulting in a slowdown in earnings and revenue growth compared to recent quarters. An ETIG analysis of 600 companies that have announced results for the quarter ended March 31, 2012, shows that net profit, excluding firms in banking & financial services and oil […]
A recent report by Global Property Consultants CBRE South Asia, India Residential Market View – 2011 states that while the residential markets across NCR and Mumbai witnessed steady escalation in prices during the revival period from 2009 to first half of 2011 (as high as 40-50% in certain micro-markets), the latter half of the year brought in […]
