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 have [...]
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 funds [...]
By manish
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Posted in Property News
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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 investment [...]
By manish
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Posted in Property News
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Also tagged A, 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. [...]
By Rajani
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Posted in Property News
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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 exchanges.
Dev [...]
By manish
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Posted in Property News
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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.
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, 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, “Real [...]
Australia investment bank manager Babcock & Brown hopes to invest in $2 billion of Indian property and infrastructure assets within three years and has poached nine investment bankers from ABN AMRO for the task.
Mr. Jaginder Singh Pasricha, executive director for business development in India, told Reuters the infrastructure specialists he pinched from the Dutch bank [...]
By Rajani
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Posted in Property News
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Also tagged 1 Billion, Abn Amro, Australia Investment, Babcock, Business Development, Capital Investors, Dutch Bank, India Team, Infrastructure, Infrastructure Assets, Infrastructure Fund, Investment Bank, Investment Bankers, New Boys, New Roads, Partner Companies, Power Plants, Reuters, Swoop
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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 [...]
