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 […]
January 2, 2009 – 7:37 am
With an aim of reversing the slowdown, Urban Development Minister Jaipal Reddy has sought an additional package for the real estate sector. In a letter to the Prime Minister, Reddy has stated that “more needs to be done to reverse the slowdown facing the sector”. Suggesting a slew of measures, Reddy has submitted a note […]
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Also tagged Development Minister, Economic Growth, Employment Generation, Global Meltdown, Home Loan Interest, Home Loan Interest Rates, Jaipal Reddy, Loan Interest Rates, Rationalization, Real Estate Sector, Short Term Loans, Slowdown, Urban Development
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November 24, 2008 – 6:54 am
The giant cranes that once worked long into the Mumbai night are still, the roar of concrete mixers has dulled, and hundreds of migrant Realty hit workers have gone home. A slowing economy, high interest rates, tighter credit and a falling stock market have left developers in India’s financial hub scrambling for cash and delaying […]
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Also tagged Apartment Towers, Cb Richard Ellis, Concrete Mixers, Crunch, Distress Sales, Financial Hub, Foreign Investment, Giant Cranes, High Interest Rates, Incomes, Low Interest Rates, Office Blocks, Residential Projects, Residential Spaces, Roar, Skyline, Slump, South Asia, Stock Market, Tight Credit
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The Sebi’s recent decision to allow mutual fund firms to play in realty space has opened up a fresh avenue for individual investors. One month ago, Sebi had approved the inclusion of real estate and issued a set of guidelines. Prior to that, only high networth individuals were allowed to invest in realty directly.
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Posted in Property News
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Also tagged Angel Broking, Individual Investors, Industry Analysts, Ipo Market, Jai, Kpmg Report, Mfs, Minimum Investment, Mutual Fund, Mutual Fund Firms, Real Estate Sector, Sebi., Strong Winds
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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 […]
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Also tagged Bangalore, Commercial Projects, Crunch, Hyderabad, Investment, Joint Venture, Land Acquisition, Mysore, Orissa, Private Equity, Pune, Residential Space, SEZ, Slum, Special Economic Zones, Tamil Nadu
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The private equity (PE) graph in India’s real estate sector is growing as high as its skyscrapers. The first five months of 2008 have PE commitments in Indian real estate companies surpassing the total PE investments committed in the whole of 2007, which is $3 billion. Experts say PE funding in the second half of […]
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Also tagged Commitments, Crunch, Downside Protection, Execution Capabilities, India Real Estate, Maytas Properties, Private Equity Funds, Real Estate Sector, Skyscrapers, Stock Market, Valuations
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