Tag Archives: New Projects

New housing projects on hold in mumbai

November 3, 2008 – 1:21 am

The city is unlikely to see any new housing project coming up soon as the screws turn on the property market. Last month, Mumbai’s leading developers met and discussed the possibility of not launching new residential projects considering the slowdown, sources said.
“New projects are not viable, sales are slow and buyers are sitting on the [...]

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Lehman Fall May Deepen Indian Realtors’ Credit Woes

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 [...]

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