Tag: Construction Industry

Investor angst takes its toll on Satyam

Investor angst takes its toll on Satyam; shares down 30% shares of Satyam Computer were at the receiving end of investors’ angst over a planned deal to enter the real estate business. Satyam opened down 16.1% and extended losses to 30% as investors reacted negatively to a plan to pay $1.6 billion for control of […]

New housing projects on hold in mumbai

The city is unlikely to see any new housing project coming up soon as the screws turn on the property market. Last month, Mumbai’s leading developers met and discussed the possibility of not launching new residential projects considering the slowdown, sources said. “New projects are not viable, sales are slow and buyers are sitting on […]

JPMorgan Plans To Invest One Billion Dollar

JPMorgan plans to invest more than $1 billion in Asian real estate over the next three years, hoping to fill a gap as Indian and Chinese developers crave funds and lenders and rival investors recoil from property markets. The investment bank, which has fared better than some Wall Street rivals because of smaller exposure to […]

Developers are targeting youth

MUMBAI, May 2 – Indian property investors are aiming lower- to mid-end house owners in the booming economy now that sales of luxurious apartments have slowed. With the number of families earning more than five thousand dollar per annum set to double to around twenty million in the coming two years, demand for small and […]