August 13, 2009 – 1:56 pm
Affordable housing is the only solution for the middle income indians. Most of the people are in search of affordable homes in metros particularly in delhi/ ncr, bangalore, chennai and pune. According to the report by Knight Frank Research Households with an annual income between Rs 3 lakh and Rs 10 lakh in Mumbai, NCR, [...]
Real estate developers have got a new way of perking up the market. Unitech, DLF, HDIL, BPTP and other big realty giants are offering a 30-40% discount on ongoing projects.
According to analysts such projects will help stimulate demand and bring in the much-needed liquidity in the industry, which is already dealing with unsold stock in [...]
December 26, 2008 – 2:12 am
Government is planning another round of home loan package to make purchase of a house within the reach of middle class. PSB announced a home loan rate-cuts for homebuyers, a week ago. But, it was found that the package was far from expectations of both the public and developers. In that package, home loan up [...]
By rajani
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Posted in Property News
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Also tagged Bangalore, Chennai, Corridors, Home Loan, Homebuyers, Interest Rate, Loan Package, Ncr, Public Sector Banks, Sentiment, Slowdown, Sweetener, Tax Rebate
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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 [...]
By rajani
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Posted in Property News
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Also tagged Commercial Hub, Connaught Place, Estate Projects, Income Housing, Indore, Kochi, New Delhi, New Projects, Panchkula, Ramesh, Realtor, Segment, Slump, Verticals
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November 24, 2008 – 7:05 am
Property prices within the metropolitan areas of Delhi, Bombay, Hyderabad and Bangalore have seen massive growth in recent years and prices in some areas are considered
to be excessive. But, outside this golden circle, in cities such as Mohali in the foothills of the Himalayas and in the boom town of Rudrapur, in neighbouring Uttar Pradesh, [...]
By rajani
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Posted in Property News
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Also tagged Affordable Housing, Boom Town, Cb Richard Ellis, Cbre, Commonwealth Games, Credit Crunch, David Stanley, Delhi Development Authority, Emaar MGF, Global Financial Markets, Hamptons, Himalayas, Income Earners, Indian Universities, Investment Scenario, Investment Volume, Investor Demand, Jorgenson, Landmark Address, Massive Growth, Mohali, New Jobs, Northern India, Realty Market, Redfern, Residential Developments, Royal Institution, Rudrapur, South Goa, Uttar Pradesh, Western Style
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October 6, 2008 – 12:36 am
There is a new mantra among builders. They are chanting it with the fervor of cheerleaders: green architecture. The flag bearer of green construction is the Indian Council of Green Building (ICGB). An organization formed by the Confederation of Indian Industry and the Sohrabji Godrej Green Business Centre, the ICGB is calling eco-friendly architecture a [...]
September 25, 2008 – 12:25 am
Real estate developer QVC Realty plans to raise Rs 600 crore in 2009 through a mix of equity and debt, primarily to buy large tracts of land in the south, especially closer to the new airports in Bangalore and Hyderabad.
According to a senior official of the IL and FS backed QVC, it plans to use [...]
By rajani
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Posted in Property News
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Also tagged Acre Plot, Bangalore, Chikmagalur, Close Proximity, Current Projects, Gurgaon, Karnataka, Prakash, Promoter, Qvc, Real Estate Developer, Residential Project, Sobha Developers, Spv, Stages Of Development
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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, DLF, Fire Sale, Global Fund, Group Company, Initial Investment, Lehman Brothers, Market Situation, New Projects, Promoter Group, Realty Firms, Sensex, Stock Broking, Unitech
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August 22, 2008 – 6:17 am
Mr Anand Reddy, Director of PBEL Property Development India Pvt Ltd, an Indo Israeli joint venture, poses with a model of PBEL City, a township comprising thirteen residential and two commercial towers of nineteen storey each on a twenty eight acre area situated in Hyderabad development Corridor in Rajendranagar mandal.
PBEL, an Indo Israeli joint venture [...]
By admin
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Posted in Property News
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Also tagged Airports, Anand, Chennai, Commercial Towers, Commercial Venture, Development India, Executive Director, India Pvt Ltd, Indo, Interior Design Solutions, Joint Venture, Mysore, Solutions Provider, Two Towers
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Sobha Developers, a Bangalore-based realty major focussed on residential space, is looking at diversifying its portfolio through slum redevelopment schemes and special economic zones (SEZs), retail and commercial projects.
Mr. Raghav Menon, Executive director, said that the company would build an SEZ in either Tamil Nadu or Kerala. He said, “We haven’t decided on the place [...]
By rajani
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Posted in Property News
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Also tagged Bangalore, Commercial Projects, Crunch, Investment, Joint Venture, Land Acquisition, Liquidity, Mysore, Orissa, Private Equity, Pune, Residential Space, SEZ, Slum, Special Economic Zones, Tamil Nadu
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Realizing the huge potential of internet usage in India, Kult Infotech today launched its new online real estate bank– www.valuePROPS.com– which provides comprehensive resource for all real estate topics related to buying, selling and renting with expertise knowledge.
By rajani
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Posted in Property News
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Also tagged Bengaluru, Easy Access, Googlemaps, Interactive Website, Interface, Internet Usage, Knowledge, Pioneers, Prospective Customers, Real Estate Bank, Scope, Southern Cities, Tamil, Telugu
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The Real estate industry in India has been growing by leaps and bounds in the past few years. However, the country still lacks a credible way to cross-check the price swings (real or reported) in the sector. For example, recent reports of residential prices cooling off in major cities of the country could not be [...]
By rajani
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Posted in Property News
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Also tagged Ahmedabad, Equity Investors, Financial Institutions, Government Body, Index, Jaipur, kanpur, Launch, Major Cities, Market, Market Trend, Price, Price Appreciation, Residential Prices, Sensex
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Phoenix Mills is in the final stage of acquiring three thirty acre plots in Ahmedabad, Hyderabad and Nashik for around eight billion rupees. The company plans to develop malls and entertainment zones on these lands.
It is learnt that the deal is likely to be sealed in the next few weeks.
The Mumbai-based real estate developer is [...]
The board of directors of Puravankara Projects has recommended a final dividend of forty percent, or two rupees share on equity share of five rupees each for the recent year. The payment is subject to the sanction of the shareholders at the yearly general meeting.
By rajani
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Posted in Property News
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Also tagged Bse, Colombo, Company, Company Shares, Constructions, Dividend, Equity, General Meeting, India, Kochi, Project, Puravankara Projects, Real Estate, Sanction, Share, Sri Lanka, United Arab Emirates
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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, DLF Infocity, Goa, Gurgaon, IT Park, Kochi, Kolkata, Mumbai, Pune, Savitri-GK2, Shalimar Bagh, Vasant Kunj and Saket in Delhi and Star Mall
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On the last day of the Hilton-Oberoi strategic alliance PRS Oberoi chairman emeritus of EIH, re-launched the Trident Hilton hotels as Trident hotel. Speaking on the occasion, Oberoi said that all nine Trident Hiltons (located at Gurgaon, Mumbai, Agra, Jaipur, Udaipur, Kochi, Bhubaneshwar and Chennai) will now be rebranded as Trident.
Rattan Keswani, the newly-appointed president [...]
Considering the boom in the luxury car segment in the country, German car maker Audi said on Friday it expects to sell 1,200 units in India by the year.
The company is also ready to start assembling its, yet to be launched, A4 variant in the country with an investment of 10 million euros.
By rajani
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Posted in Property News
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Also tagged Ahmedabad, Audi, Aurangabad, car, Chandigarh, Chennai, cochin, delhi, Gurgaon, India, invest, Kolkata, ludhiana, showroom
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April 24, 2008 – 10:34 am
SatyaVani Green Homes, Hyderabad-based real estate developers and part of the SatyVani group of companies, has decided to invest over ten million dollars in Udhodayam Green Homes.
Mr. P Surya Prakash, Managing Director, SatyaVani group of companies, said, “UGH will set an example on how construction industry can built a better tomorrow by not adding to [...]
By rajani
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Posted in Property News
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Also tagged Apartment, gagillapur, group, infosys, kondapur, Raheja, Real Estate, Residential, Satyavani, township, udhodayam
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January 28, 2008 – 8:49 am
Rreef has entered into the Indian real-estate sector with initial investment of $70 million. Rreef is known as global alternative investment manager business of Deutsche Bank. Rreef would be taking an undisclosed stake in Bangalore and Hyderabad based Golden Gate Properties Ltd. Rreef has no specially India dedicated fund, it has [...]
By rajani
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Posted in Property News
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Also tagged Alternative Investment, Apartment Projects, Assets Under Management, Bangalore, Commercial Projects, Dedicated Fund, Deutsche Asset Management, Deutsche bank, Global Fund, Golden gate, Golden Gate Properties, Indian real estate, Initial Investment, Investment Destination, Investment Manager, Majority Stake, Manager Business, Properties Ltd, Real Estate Sector, Residential Apartment, Retail Clients, Rreef, Undisclosed Stake
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