September 25, 2009 – 1:01 pm
The maximum demand currently is for 2BHK residential apartments and finally supply is following demand. Such has been the response that there are developers who claim as much as 55% of their inventories comprise two bedroom units.
According to Atma Sharan, GM-Marketing, Ashiana Housing Ltd, “About 55-60% inventory would be 2BHK. This definitely is the fastest [...]
September 24, 2009 – 3:07 pm
DLF has launched the 2nd phase of its residential project in the heart of national capital, has sold all the apartments within 2 hours. The company sold all the flats, offered at prices of up to Rs 1.86 crore, though it has increased the selling price of its units by up to 26% compared to [...]
Debt-ridden realty player DLF said that it will sell more land and wind power business this financial year to raise Rs 1,900 crore and lowered the sales figure for flats.
With a total debt of over fourteen thousand crore rupees to start the year 2009-10, DLF had been doing everything conceivable, including sale of promoters’ equity [...]
DLF is looking to raise Rs 300-500 crore by selling its stake in a JV with Mumbai-based realtor Akruti City for a commercial project in Andheri.
DLF has already scrapped a 5 star hotel project in Prabhadevi in Mumbai with Akruti. DLF was the majority stakeholder in the project. DLF has been looking to monetise [...]
The government has provided in-principle approval to DLF to denotify four of its IT, ITES Special Economic Zones (SEZ), which the company did not want to build because of the slowdown in the real estate business.
However, the denotification will be subject to the condition that DLF returns all the tax benefits that it had taken [...]
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 [...]
By rajani
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Posted in Property News
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Also tagged Ambitious Plans, Emaar, Fortis, Healthcare Ltd, Hospitals, Manesar, Memorandum Of Agreement, Memorandum Of Understanding, Mgf, Mohan Singh, Spokesman, Tier II, Townships
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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 [...]
By rajani
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Posted in Property News
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Also tagged April, Assocham, Borrowers, Borrowings, Brick, Cement, Chambers Of Commerce And Industry, Cost Assessment, 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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October 30, 2008 – 7:25 am
With a slump in the Indian real estate sector due to excessive credit crunch and demand slowdown, home buyers can expect a further correction in real estate prices in the range of 15% to 20% in next six months. There are several factors working against the Indian real estate sector that can bring about such [...]
By rajani
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Posted in Property News
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Also tagged Bank Of India, Debt Market, Global Credit Crunch, Jones Lang Lasalle, Purse Strings, Real Estate Developers, Real Estate Investments, Real Estate Sector, Real Estate Slump, Reserve Bank Of India, Ticket Size
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October 15, 2008 – 1:33 am
With the domestic bourses taking cues from global markets, the realty stocks on Wednesday dipped 3.70% as bearish sentiments gripped the market.
The realty index opened at 2,720.59 points and touched an intra-day low of 2,701 points in the first few minutes of trade. It was later quoting at 2,716.17 points, down 3.16%. Led by Indiabulls [...]
September 16, 2008 – 2:28 am
Lehman Brothers’ bankrupcy is likely to cost Indian real estate. It may impact the financial major’s existing investments worth $500 million in realty firms, including DLF and Unitech, besides drying up another $500-million worth of potential investment which was expected to flow into Unitech’s Mumbai projects.
The news of Lehman’s collapse brought the BSE realty index [...]
By rajani
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Posted in Property News
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Also tagged Baliga, Country Allocations, Credit Crisis, Fire Sale, Global Fund, Group Company, Hyderabad, Initial Investment, Lehman Brothers, Market Situation, New Projects, Promoter Group, Realty Firms, Sensex, Stock Broking, Unitech
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August 26, 2008 – 12:52 am
Three large realty firms have placed bids to build and operate stretches of national highways that have come up for auction this year as part of expanding their portfolio to offset a slump in their core business. Unitech Ltd, DLF Ltd and Omaxe Ltd are among several infrastructure companies bidding for the right to build [...]
By admin
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Posted in Property News
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Also tagged Bank Of India, Gayatri Projects Ltd, Gvk Industries, Infrastructure Companies, Infrastructure Development, Infrastructure Investments, Inter State, Market Capitalization, Nagarjuna Construction, National Highways Authority, Omaxe Ltd, Real Estate Sector, Realty Firms, Reserve Bank Of India, State Highways
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Ansal Properties and Infrastructure Ltd, has launched an ambitious 2500-acre township project adjoining Greater Noida, in Uttar Pradesh. The company plans to invest Rs 26,800 crore over the next five years in developing this project.
The township, branded The Megapolis, is extendable to around nine thousand acres, which means that the company has an option of [...]
After staying the construction of a shopping mall by the DLF in Chennai, the Madras High Court has ordered the real estate foremost to take away all temporary structures from the site. The First Bench, comprising Chief Justice A K Ganguly and Justice F M Ibrahim Kallifulah, gave the order on 11th July on a [...]
An uninspiring opening and an even worse close towards the end of the day marked Indiabulls Properties Investment Trust’s debut on the Singapore Exchange on 11th june.
During the day, it went down to as low as 0.88 cents and closed 10% below the issue price of S$1. The stock could not breach its issue price [...]
By admin
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Posted in Property News
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Also tagged Global Markets., Indiabulls, Interest Rate, Investment Trust, Mumbai, Property, REIT, Selling Shares, Singapore, Stock, Unitech
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As oil prices continue to rise, stock markets across the world are finding it difficult to find any support. The recent fall in Indian market has been very quick. Market experts were expecting technical bounce, but the markets lost further ground.
On 9th june(today), Stock markets opened lower and BSE benchmark Sensex dropped below 15,000. Real [...]
As the four-year bull run in the Indian market went into a sharp correction early this year, foreign investors quietly withdrew part of their holdings in leading stocks while retail investors bought into them.
Domestic investors(including institutions, MFs and retail investors)were net buyers in those top companies. These entities together bought around 1.1 percentage point stake [...]
By rajani
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Posted in Property News
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Also tagged Domestic Investors, Foreign Investors, Global Fund Managers, Icici Bank, infosys, Itc, Mfs, Morgan Stanley, Reliance Communication, Reliance Industries, Retail Investors, SBI, Stake, Stock
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Fearing a supply glut in the housing and commercial property markets, real estate companies are pinning hopes on the booming hospitality sector.
It’s not that the trend has just set in. It has certainly gained momentum of late, with practically every developer announcing hospitality projects.
By rajani
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Posted in Property News
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Also tagged Amp, Commercial property, Hospitality Project, Hospitality Sector, Hotel Industry, Market, Parsvnath Developers Ltd, Purvankara Projects, Real Estate Companies, Real Estate Sector, Realtors
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Mumbai, Apr 28 Real estate developers in India are planning alternative measures to reduce costs of construction by around 15 to 20% owing to the current hike in raw material inputs costs for construction, particularly, cement. Red Fort Capital, in association with Nagarjuna Constructions and DLF, has replaced the use of cement in residential and [...]
Chandigarh: DLF, a leading real estate player in the country, plans to invest Rs 1,250 crore for the development of its multiplex business. The company has planned to add minimum 500 screens in the next four to five years across the country.
DLF’s entertainment arm DT Cinemas will set up a megaplex, which will have 12 [...]
By admin
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Posted in Property News
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Also tagged Ahmedabad, Bangalore, Chandigarh, Chennai, DLF Infocity, Goa, Gurgaon, Hyderabad, IT Park, Kochi, Kolkata, Mumbai, Pune, Savitri-GK2, Shalimar Bagh, Vasant Kunj and Saket in Delhi and Star Mall
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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 [...]
Most of the ETFs and Mutual Funds at the different Asset Managers are losing value, as can be noticed from the website of any one of the companies. One of the exceptions is the equity in the rising markets. This sector has matured seemingly and unaltered by the Recession in the US. India is one [...]
By admin
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Posted in Property News
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Also tagged Assocham, Brazil, Chicago., China, goldman sachs, New Delhi, Real Estate, Real Estate prices, Rusia, Townships, US, Wachovia Bank
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