The real estate consultants Knight Frank India said that apart from some localities of Delhi and Mumbai, the retail rentals in other locations will be sluggish for next two years. Although the number of malls and shop space has tremendously increased, the retail still lags behind commercial and residential property. “Although the outlook looks interesting, […]
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Also tagged Bangalore, caution, chief executive, growth strategies, Knight Frank, localities, Malls, Mumbai, Ncr, occupancy rate, Pune, Real Estate Consultants, Residential Property, shop space, Slowdown, sushil
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May 12, 2010 The chief executive of India’s ICICI Venture which is the ICICI Bank’s private equity arm announced that they plan an amount of 500 million dollars to be invested in infrastructure projects. This will be launched by July. In an interview, Vishakha Mulye told Reuters that majorly education (and) hospital will be put […]
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Also tagged Airports, chief executive, construction of bridges, Education, Icici Bank, Infrastructure Projects, million dollars, ports, Power Plants, priority, Private Equity, private firms, Reuters, Scope
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April 14, 2010 – 10:24 am
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 […]
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Also tagged Abolishment, Budget, Confederation, Consultations, Credai, Developers, Finance Minister, Imposition, Knowledge Partner, Kpmg, Memorandum, Pranab Mukherjee, Price Escalation, Proposal, Real Estate Development
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Manufacturing PlantApril 05, 2010 Small Indian towns have succeeded in gaining much attention and interest of foreign investors than the metros and big cities. These small towns are being preferred more by the investors as far as the establishment of manufacturing facilities are concerned. A study which was government sponsored noticed that this has established […]
December 17, 2008 – 9:41 am
PropertyWala.com has been voted India’s best real estate website for the year 2008. The Website of the Year awards are the largest annual ‘people’s choice’ website awards and have organized from last four years by MetrixLab, an online market research agency, in association with Neilsen Online. More than 1.5 million Internet users from India participated […]
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Also tagged Advertising Services, Buyers And Sellers, Choice Website, Detailed Description, Efextra, Estate Sellers, Execution, Indian real estate, Internet Users, Market Research Agency, Property Advertising, propertywala.com, Real Estate Web, User Friendliness, Web Portal
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November 27, 2008 – 8:59 am
Indian real estate market could reach a value of $60 billion by 2010, and become an “enormous” economic power, a Middle East developer has said. Abdullah bin Abdulaziz Al Majed, vice chairman of Tanmiyat Group, was speaking ahead of the firm’s participation at property show Cityscape India 2008. Tanmiyat is among a group of international […]
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Also tagged Al Majed, Bombay, Economic Power, Exhibition Center, Future Of Real Estate, Indian real estate, International Investors, Lacs, Participation, Population, Presence, Property Professionals, Real Estate Investments, Real Estate Market, Residential Units, Slump, Tanmiyat, Vice Chairman
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October 22, 2008 – 5:17 am
A two-day real estate conference, Build Up 2008, which started in Bangalore on Tuesday, bore the grim realities of the global financial crisis and its impact on Indian real estate. Neither of the two major speakers — Union urban development minister S Jaipal Reddy and CM B S Yeddyurappa — turned up. The other prominent […]
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Also tagged Bangalore, Confederation, Development Minister, Global Financial Crisis, Global Slowdown, Grim Realities, Indian real estate, Jaipal Reddy, Profits, Real Estate Developers, Real Estate Developers Association, Sobha Developers, Speakers, Urban Development
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October 2, 2008 – 11:37 pm
Last week, at Mumbai’s Grand Hyatt Hotel, leading city-based real estate developers were closeted in an hour-long meeting. The agenda: to discuss ways to counter the slump in home sales which has persisted for almost an year now. The outcome: The bitter realization that the Indian developer has limited options before him to attract buyers. […]
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Also tagged Conclusion, Consumers, Flexible Rates, Grand Hyatt Hotel, Housing Projects, Interest Rates, Kotak Securities, Mismatch, Mumbai, Participant, Profits, Real Estate Developers, Realty Market, Residential Markets, Residential Prices, Slump
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September 17, 2008 – 6:48 am
Real estate prices are expected to soften further as the current global financial turmoil would force cash-starved builders to offer hefty discounts. The collapse of financial powerhouses like Lehman Brothers and the consequent liquidity problems will stop the inflow of fresh investments into India’s real estate sector. According to analysts, the crisis, which comes at […]
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Also tagged Collapse, Diwali, Global Financial Turmoil, Hefty Discounts, Inflow, Investments, Knight Frank, Lehman Brothers, Liquidity Problems, Powerhouses, Pranay, Real Estate, Real Estate prices, Real Estate Sector, Slump, Vakil
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September 3, 2008 – 9:33 am
Millennium Spire Limited, an ‘Alternative Strategies Fund’ under the UK-based Millennium Global Umbrella, has entered the Indian realty sector unveiling its maiden platform for developments in the Indian market, Spire World. It is a platform that would drive development of mainstream green projects of Millennium Spire in the country. This has also marked the launch […]
Wipro Infotech has managed to get a ten year project worth Rs. 1.3 billion from Lodha Group. Wipro will provide IT and business transformation services to Lodha group in India and Middle East. Wipro InfoTech is a leading IT company in India. Lodha group has started a new path to get a premier position in […]
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Also tagged Business Transformation Services, Campuses, Development Projects, Estate Business, Group Director, Leading Real Estate, Middle East, Mumbai, Real Estate Market, Real Estate Project, Townships, Western Markets, Wipro, Wipro Infotech
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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, […]
Home sales in India might have turned slow but sales to NRIs is on boom continuously. According to Jones Lang LaSalle Meghraj (JLLM), residential sales to NRIs have tripled over the last half year, from 3% to 10% of the total business. Lodha Group senior Vice President R. Kartik said, “What would happen when one […]
Asia’s leading business space solutions provider Ascendas has emerged a front-runner for acquiring a 6.18 acre plot in Chennai for developing commercial space. The land at Nandambakkam, near Chennai Trade Centre, belongs to Sravanna Properties, a subsidiary of a TVS group, managed by brothers Venu Srinivasan (CMD of TVS Motors) and Gopal Srinivasan (CMD of […]
According to Keki Mistry, vice chairman of Housing Development Finance Corp An increase in the housing supply, rising borrowing costs and a stock market rout are bringing a five-year property boom in India to a close, according to executives at two mortgage lenders. Property prices across the country could drop as much as 15% in […]
It is now become essential to standardize real estate. Builders and developers are not averse to the idea of a regulator in the real estate sector.Credai president Mr. Kumar Gera said that developers want a regulator to discourage the dishonest players from entering the sector. Mr. Gera further said that Credai has made a number […]
Renting a house in Bangalore is as easy as never before. Thanks to notable increase in the rate of urbanization in this part of the country. Often Bangalore is termed as the IT capital of India. Many IT professionals come to Bangalore for various training activities as many IT majors have their head quarters located […]
Leading home loan lender ICICI Bank said that growth in the real estate sector has been impacted due to high interest rates and prices but maintained that there was no asset bubble in the sector. ICICI Bank Joint Managing Director Chanda Kochhar said, “Clearly there is a slowdown in the number of deals …interest rates […]
Emirates Islamic Bank (EIB), a leading Islamic financial institution in the region, plans to launch a 2nd fund focused on the Indian real estate market following the doing well closing of its Danat India RIA Fund, the bank said on 3rd june. The bank said the new fund will add to a growing portfolio of […]
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Also tagged Danat, EIB, Emirates Islamic Bank, Gcc Countries, Indian Investors, Indian real estate, Islamic Financial Institution, New Delhi, Real Estate Sector, Retail Banking, Ria
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After being three years on the top, India has finally lost its position as the most preferred destination among upcoming markets for retail investment, according to the 7th annual global retail development index (GRDI) by management consulting firm A.T. Kearney. The GRDI ranks countries among the thirty emerging markets on the basis of their retail […]
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Also tagged Consumer, Foreign Investors, Gdp Growth, Global Retailers, Grdi, Investment, Regulatory Structure, Retail Concepts, Retail Development, Retail Investment, Retail Market, Retail Position, Tier II
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Many expect a further correction in home prices in India. Since the volumes of property transactions are going down, hence the asking price for property will also go down. Additionally, over-supply of property is posing as a major reason for the slow down in Real Estate prices.Recent media reports have also suggested the same trend. […]
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Also tagged Bangalore, Cheer, First Quarter, Goodies, Home Seeker, Property Developer, Property Transaction, Pune, Real Estate P, Segment, Slow Down, Tier II
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Well popular land deal, BPTP, might be in trouble. According to top officials in the Noida administration as well as the real estate industry, the Delhi-based real estate firm BPTP is finding it extremely difficult to raise funds for buying the land.
Indiabulls Real Estate said the Justice of High Court of the Isle of Man in England has sanctioned the proposal to acquire 100% shares of Dev Development Property (DPD). Finalization of the acquisition shall be competed by issue of fresh 13.8 crore shares of DPD and by canceling the old shares, it informed the stock […]
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Also tagged Commercial Real Estate, Court Permission, Dpd, England, Estate Developments, High Court Of Justice, Indiabulls, Investment Market, London stock exchange, Residential Complexes, Stock Exchanges, Tier 1
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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.
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Also tagged Bse, Colombo, Company, Company Shares, Constructions, Dividend, Equity, General Meeting, Hyderabad, Kochi, Project, Puravankara Projects, Real Estate, Sanction, Share, Sri Lanka, United Arab Emirates
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The Indian real estate sector, currently facing strong headwind due to the credit turmoil as well as high inflation, is set to get a breather from the market regulator SEBI’s move to allow Real Estate Mutual Funds, says global consultancy giant KPMG. Mr. Jai Mayani, KPMG’s Executive Director and real estate head in India, said, […]
