Tag Archives: BPTP

Realty cos now offer EMI incentives

May 12, 2008 – 5:45 am

New Delhi:- Smarting under a correcting realty market and sluggish buying sentiments, real-estate players are scrambling to raise end-user demand through offers that promise to ease Equated Monthly Instalments burden until possession.
So, while realty companies together with Parsvnath Developers are broadcasting ‘No Equated Monthly Instalments  until possession’, others such as BPTP and Gaursons are offering 2-yrs Equated Monthly Instalments  holiday on specific projects.
“For those who are presently living on rent, the scheme makes logic as the Equated Monthly Instalments  load kicks-off only after possession,” says Mr Amit Raj Jain. BPTP’s group housing project, ‘Resort’, in Faridabad offers a 2-yr ‘Pre-Equated Monthly Instalments  interest’ to the bank on behalf of buyers.
Dr B.P. Dhaka, COO told that Parsvnath’s Sonepat project, ‘Parsvnath Preston’, reimburses the  Monthly Instalments paid prior to possession. “Such value-addition is gaining popularity as the customer is motivated to make the down payment and can then relax till possession. From the point of view of the developer, it ensures timely completion of the project as the fund flow is assured.
KDP Infrastructure has announced that ‘No pre- Equated Monthly Instalments  for 18 months’ upon payment of fifteen per cent of the booking amount on its ‘Grand Savanna’ project in Ghaziabad; Gaursons India makes a ‘No Equated Monthly Instalments  till 24 months’ offer to buyers of ‘Gaur Grandeur’ at Noida; and JMD Gardens’ project in Gurgaon promises that Equated Monthly Instalments  payment would start ‘only after house entry.

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BPTP Land Deal In Trouble

May 9, 2008 – 8:09 am

Well popular land deal, BPTP, might be in trouble. According to top officials in the Noida administration as well as the real estate industry, the Delhi-based real estate firm BPTP is finding it extremely difficult to raise funds for buying the land. Read More »

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Sub-Prime Shadow on Indian Realty

April 24, 2008 – 10:30 am

The turmoil in the global financial markets has cast its shadow on India’s largest real estate deal. Delhi-based developer BPTP Ltd, which was banking on overseas institutions to fund the acquisition of 94 acres of prime land at Noida for Rs 5,006 crore, has sought an extension to pay the first installment of the money. Read More »

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Realty deals bring Rs 23,000 cr during January-March

April 23, 2008 – 5:12 am

MUMBAI: Retard in the real estate market notwithstanding, land deals in India are thriving. According to a current study, the total value of such deals, in the first three months of 2008, have touched around Rs 23,000 crore, while another Rs 10,000-crore worth deals are in the pipeline.

A study by top brokerage JPMorgan shows that Delhi-based developer BPTP’s Rs 5,000- crore land deal in Noida was the largest deal in the January-March period, while the Mumbai Metropolitan Region Development Authority’s land auctions in Bandra Kurla Complex had fetched around Rs 4,000 crore.

The deals in the pipeline include the Indian Railway’s fifty acres worth Rs 10,000 crore that is scheduled to be auctioned later. Also, a one hundred fifteen crore deal between the Balaji group and Prestige group is likely to be completed soon.

In Mumbai, a two hundred fiftycrore deal by Hindustan Composites is in the concluding stage, in which developers such as DLF, Kalpataru and K Raheja Corp are the lead bidders. The JPMorgan report comes at a time when it is predicted that a tightening in global liquidity and a slowdown in the economy, could put the brakes on the real estate sector which witnessed a sharp rising growth in the past two years.

As a reflection of this slowdown, developers’ plans including malls, complexes and residential projects are all being kept under wraps. Property prices and rentals have been falling which was also seen in the loss of investor interest and an erosion in the market capitalisation of large listed players such as DLF and Unitech. The slowdown is also aided by the fall in stock markets as there is now a lack of capital among investors to invest in real estate projects.

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