Tag Archives: Estate Projects

DLF cuts target by a third due to property slump

December 13, 2008 – 3:56 am

DLF Ltd has cut its current fiscal deliverable targets by about 33% following the deterioration in the housing and commercial property market.
The company is now expecting to deliver 15 million square feet against a guidance of 22-24 million square feet at the beginning of this fiscal. It has completed about 7 million square feet as [...]

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NCR Faces Fall In Real Estate Projects

October 2, 2008 – 11:40 pm

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 the [...]

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Eighth Indus India Property Exhibition Will Be Held In Doha

September 9, 2008 – 3:18 am

The eighth Indus India Property Exhibition will be held on 19 and 20 September at Giwana Ball room of the Ramada Plaza in Doha.
The exhibition will display some of the leading names in the Indian real estate sector. Some of the foremost builders and housing finance institutions from India would be taking part in the [...]

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Jai Corporation To Raise Rs 5,686 Crore Through Venture Capital

September 5, 2008 – 4:34 am

Anand Jain-controlled Jai Corporation, an infrastructure company, has raised commitments worth five thousand six hundred eighty six crore rupeees through its venture capital management company’s two funds.
Urban Infrastructure Venture Capital, the company’s venture capital company, is the Indian Advisor to UIREF, a Mauritius-based offshore fund that invests in Indian real estate.
Urban Infrastructure Real Estate Fund, [...]

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Red Fort Will Develop Projects In Tier I And II Cities

June 20, 2008 – 6:41 am

Private equity real estate firm, Red Fort Capital, is planning to invest Rs 3,500 crore in various real estate projects in the country.
“We will be investing Rs 3,500 crore in various real estate projects in different parts of the country during the next two-and-a half years,” the company’s Director, Parry Singh, said.
The company is in [...]

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State for urban development minister hints at Model Act for real estate sector

February 1, 2008 – 2:03 am

Mumbai, Jan 30 Lower interest rates, land availability and creation of excess supply would be the solution to low-priced and reasonable housing, feel industry professionals. While discussing key challenges and prospects faced by the real estate sector at The FE Round Table Conference on the real estate sector titled Sustainable or Bubble? at The Hilton [...]

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Change In Investment Trends

February 1, 2008 – 1:55 am

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 [...]

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Emaar MGF and Fortis Healthcare Joint Venture

January 28, 2008 – 7:41 am

21 January 2008: Emaar MGF and Fortis Healthcare plan to form a joint venture to set up 25 hospitals across major cities in India, with an investment of Rs 1,200 crore. Main aim of this healthcare plan is to provide the features of “one-stop shop”. That’s why they have decided that hospitals will [...]

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NITCO Will Establish Separates Realty Company

January 28, 2008 – 7:28 am

21 January 2008: NITCO Group has decided to hive off its realty business into a separate company. Till now, NITCO is into tiles and real estate and distribution both. At present NITCO real estate arm is at 500 crore. NITCO will list NITCO Realties when its real estate arm achieves sales of [...]

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