Tag: Developers

Realtors upset with the Bhubaneswar Development Authority policies.

The real estate developers on Thursday reacted sharply to the Bhubaneswar Development Authority’s (BDA) move to change the definition of “apartment” and “group housing.” Talking to reporters here, Confederation of Real Estate Developers Association of India (CREDAI) state president D S Tripathy said the new definitions are vague and will result in the harassment of people while […]

Affordable Units Get Little Relief as India Sees Record Rise in House Prices.

Housing prices in India are the highest in the world, according to the most recent research from London-based Lloyds TSB International Global Housing Market Review.  Prices in a country of 1.21 billion residents have increased 284 percent since 2001.The Lloyds report ranks Russia and South Africa with the second and third highest housing prices.  Prices […]

Affordable housing in Mumbai

In order to provide affordable housing to the Economical Weaker Sections (EWS) of society, MHADA, The Maharashtra Housing and Area Development Authority plans to buy land at market price and develop some houses. Gautam Chatterjee, Vice-President and Chief Executive Officer of MHADA stated in a conference that MHADA is lacking in land due to which […]

Home Prices Rising Again

HDFC, one of the leading home-loans lenders has observed that the prices of residential realty which were hitting the peak levels are now undergoing pre-slowdown. Deepak Parekh, the Chairman of HDFC said that there is an improvement in the economic condition and therefore, developers have started charging premiums. Due to the land prices touching sky, […]

Residential Project launched in Mumbai

Borivli, in Mumbai’s western suburb is to be gifted with a residential project brought by Gitanjali Gems Ltd who is the leading diamond jewelery manufacturer and retailer. The project is spread over an area of 400,000 sq ft. the project consists of two similar wings residential towers having 28 stories each with ultra modern amenities […]

Indian Real Estate market on its pace

India no more lacks in the race of real estate market. Although many developers are nurturing this fact, but its high time now and they should come out of their shell to realize the boom of realty market. Due to the rise of upper middle class in India, a sense of better lifestyle and good […]

Word to Developers: Have 3D Floor Plans

If you plan to develop a project now then 3D floor plans can be of great help in both saving time and money. With the 3D floor plans, you can easily visualize and understand better which in turn will bring better and focused results. It is even useful for the buyers who then will have […]

Delhi govt. to put Check on Illegal Construction

In order to check the illegal constructions across the capital, especially on the land for agriculture, the concerned departments are ordered by the Delhi Government to come up with strict actions against such activities. As per the instructions of Mr.Raj Kumar Chouhan, the Revenue Minister, any illegal construction will not be tolerated and along with […]

CCI to Look into General Buyer Problems

Competition Commission of India (CCI) has decided to take action against the malpractices taking place in the real estate sector. While any specific complaints would be dealt with, misleading the buyers would also be considered as a malpractice. Some sources revealed that apart from the general complaints of conditions of sale agreements, change in terms, […]

Tata Housing Awarded as Best Developer

One of the leading real estate companies of India, Tata Housing was honored by the Best developer award in the category of CSR in the recognized award ceremony called Cityscape Awards – Real Estate Asia, 2010. According to experts, when they analyzed the commitment and positive contribution of the company in the society welfare, it […]

Sale of non-core assets is DLF’s Plan

DLF, India’s leading real estate developers, plan to raise an amount of Rs. 2700 cr. this financial year by selling non-core assets in order to reduce its debt of over Rs 16,421 cr. by about 33%. The realty giant plans Rs. 5000 cr. to be cut from its debt. Out of these, Rs. 2700 cr. […]

Impact of Regional Laws on Realty Sector

In past few years, the realty sector has shown tremendous growth but according to experts, it may still remain a regional play in the country. The underlying reason is that different regions have different laws. JLLM, Jones Lang LaSalle Meghraj, a property consultant firm’s  Country Head and Managing Director Anuj Puri said that developers experience […]

Women Left Men Behind in Realty Market

“Trust me with your next home purchase!” As per a report of National Association of Realtors, in 2009, single accounted for 21% of home purchases while single men contributed just 10% to the sales. It is an unexpected report as compared to the 1980′s when they both used to contribute equally to the home sales. […]

Land for Development: By Godrej in Mumbai

April 17, 2010 Godrej Group, Mumbai’s biggest landowner, is likely to release by the end of this year in Vikhroli, a prime 35-acre chunk. In the recent path, this could be one of the largest drapes of unencumbered realty hitting the market. In the eastern suburbs, most of the large industrial plots sold to developers […]

Memo Submitted by CREDAI to Finance Ministry for Abolishment of Service Tax

Memorandum SubmissionApril 14, 2010 A memorandum has been submitted to the Finance Ministry concerned with the appeal for removal of service tax on housing complexes under construction by CREDAI, Confederation of Real Estate Developers’ Associations of India which is a real estate industry body. The Chairman of CREDAI, Kumar Gera stated that they have put […]

Jaypee Greens Sports City announced in Greater Noida

Photo by Carlos Lorenzo Jaiprakash Associates (Jaypee Greens) have announced the launch of their new project “Jaypee Greens Sports City”, a luxury township with residential and sports facilities, near the Taj Expressway (connecting Greater Noida to Agra). “The Sports City is positioned for everyone who appreciates luxurious surroundings and spaces equipped with sports and recreational […]

Banks suggest no increase in real estate price

Banks in India are suggesting property developers to stop increasing real estate prices as it could stop the market recovery. Developers have been taking advantage of rise in sale but its side effect could put off the buyers. S. Sridhar, Chairman and Managing Director of the Central Bank of India described the move as short […]

Builders under pressure as buyers force for refund

Some of India’s largest real estate firms such as DLF, Unitech, Omaxe and Parsvnath that launched multiple projects at the peak of the real estate boom are now under pressure from buyers and investors who look to exit these projects. Already in a difficulty due to unavailability of bank loans and a fall in sales, […]

NCR Faces Fall In Real Estate Projects

New housing project launches in the national capital region (NCR) slumped by 20% during January-June 2008. This is explained by the slowdown in demand due to appreciation in real estate prices and rising interest rates for borrowers. The first half of this year also saw a marked shift in developers’ strategy towards mid-income houses, as […]

Parsvnath Expects Rs 2.10 Billion Revenue From Haryana Project

Real-estate firm Parsvnath Developers Ltd said on 30 september that it expects revenue of 2.10 billion rupees from a new housing project it launched at Dharuhera in the northern state of Haryana. The project, spread over thirteen acres, is likely to be completed by 2011, the company said in a statement. Earlier in the day, […]

FIIs Reduced Investment In Real Estate

BSE reports shows that Foreign institutional investors (FIIs) have reduced their investment in real estate companies, mainly Parsvnath Developers and Unitech by 0.8 and 2 % correspondingly, year-on-year. According to shareholding data available on BSE, the domestic financial institutions and banks have amplified their inevstment in Unitech Ltd by more than 1.5%, while Foreign institutional […]

Meerut-The Rising Real Estate Destination

Meerut is only 72 kilometers from new delhi. It is an ancient city, which belongs to Uttar Pradesh state. The great history from the city is that Mandodari, wife of Ravana, belongs to this city. Meerut is stand at 28.98 north and 77.7 east, and 219 meters above from sea level. Meerut is the major […]

Prediction About Realty Trend

For now, the next few quarters could be the acid test for the sector. The stock prices of many real estate companies are under duress. DLF’s offer for a share buyback comes at a time when the stock price has been adversely hit. While one could argue that the overall sentiment is on a low, […]

Thirty Billion FDI Likely In Real Estate In Next Decade

According to estimate made by ASSOCHAM, the FDI component in the domestic real estate market is expected to be thirty billion US dollar as against its total amount of one hundred two billion US dollars in next decade as the real estate sector escalation will raise up by more than 30%. Additionally, ASSOCHAM report stated […]

Change In Investment Trends

Trend setter always started from the small and made a big one. Following the same strategy, a group of real estate companies, who are not in the position to proceed through the organized financing route of initial public offering, have started approaching the public in their own ways. They are assuring for regular returns on […]