The department of industrial policy and promotion is considering a proposal to allow real estate developers to buyback built-up area sold in software technology parks of India (STPI) units and lease out it to other businesses.
The issue came up in the last meeting of foreign exchange promotion board (FIPB), when the board took up real [...]
By rajani
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Posted in Property News
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Also tagged builders, FIPB, Information Technology Park, IT, Real Estate, Real Estate Company, SEZ, Sezs, Software Technology Park, Software Technology Parks, STPI
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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 [...]
January 9, 2009 – 12:38 am
With the information technology and business process outsourcing companies facing an uncertain future following a recession in the US, some real estate players developing space for these companies are being forced to shelve their projects, while others are slashing their rentals and renegotiating lease agreements to stay afloat.
For these real estate developers, already reeling [...]
By rajani
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Posted in Property News
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Also tagged Breakneck Pace, Business Process Outsourcing, Credit Crunch, Economic Crisis, Electronic City, Harsh Reality, Housing Development, Kochi, Lease Agreements, Office Spaces, Realty Firm, Work Outsourced
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January 7, 2009 – 2:17 am
Jharkhand’s capital Ranchi emerges as the single city in eastern India that has an incredible mixture of metropolitan culture along with traditional touch. The city is on the way to meet all the criteria of a metropolitan city. Ranchi is a marvelous place with great strength to put itself on the way of growth. It [...]
By rajani
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Posted in Property News
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Also tagged Capital Investors, Commercial Real Estate, Confederation, Credai, Eastern India, Five Star Hotels, Hotels And Motels, Industry Giants, Industry Leaders, Investors Capital, Jharkhand, Marvelous Place, Metropolitan City, Metropolitan Culture, Ranchi, Real Estate Developers Association, Real Estate Sector
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November 26, 2008 – 6:00 am
The demand in the housing sector fell by 35% in tier-II and tier-III cities in the first half of this fiscal due to the high cost of borrowings, says an assessment by an industry lobby.
According to the assessment of Assocham, over 20 million people in about 25 tier-II and tier-III cities, who want to purchase [...]
By rajani
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Posted in Property News
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Also tagged April, Assocham, Borrowers, Borrowings, Brick, Cement, Chambers Of Commerce And Industry, Cost Assessment, DLF, Dwelling Units, Indore, Industry Lobby, Interest Rates, Meerut, Property Purchases, Raw Materials, Slew, Tier II, Unitech, Urban Centres
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November 24, 2008 – 7:01 am
Real estate developers in the metropolis plan to target NRI buyers, primarily in the UAE, in a bid to push up their sales, affected in recent times by high prices and adverse sentiment, a senior industry official said.
“With the Rupee depreciating via-a-vis the dollar, NRI buyers stand to gain by around 20%. Prices too have [...]
By rajani
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Posted in Property News
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Also tagged Aim, Bhk, Buying A Home, Depreciation, Few Days, Housing Industry, Mchi, Metropolis, Nri Buyers, Permanent Residents, Price Decline, Rs 40, Rs 50, Rupee, Sentiment, Stamp Duty, Suburb, Uae, Zubin Mehta
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November 19, 2008 – 7:09 am
TDI Infrastructure Limited (TDIL), one of India’s leading real estate developers, today launched a special scheme for the customers who wish to invest in its lifestyle apartments – ‘Kingsbury Terraces’. This one of its kind scheme will enable the prospective buyers to own the lavish apartment settings for just Rs. 9 lacs whereas the rest [...]
By rajani
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Posted in Property News
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Also tagged Balconies, Billiards Room, Elevations, Emi, Greenery, Gymnasium, High Rise Apartments, Kamal, King Size, Lacs, Leading Real Estate, Living Space, Managing Director, Ncr, Pool Billiards, Prospective Buyers, Spacious Bed Rooms, Swimming Pool, Taneja, Terraces
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November 4, 2008 – 6:55 am
Fearing a crash in local real estate prices, many well-heeled Indians are buying properties in Singapore. While such purchases could be pure investments, the lure of permanent residentship offered to certain investors under the Singapore law may have also influenced the decision. Many are drawn by the sheer ease in buying a house in Singapore.
The [...]
By rajani
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Posted in Property News
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Also tagged Global Financial Market, Government Data, Local Real Estate, Multicultural Environment, Property, Real Estate Investors, Singapore, Singapore Government, Singapore Law, Singaporean Government, Southeast Asian Country, Stable Business
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October 30, 2008 – 7:25 am
With a slump in the Indian real estate sector due to excessive credit crunch and demand slowdown, home buyers can expect a further correction in real estate prices in the range of 15% to 20% in next six months. There are several factors working against the Indian real estate sector that can bring about such [...]
By rajani
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Posted in Property News
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Also tagged Bank Of India, Debt Market, DLF, Global Credit Crunch, Jones Lang Lasalle, Purse Strings, Real Estate Investments, Real Estate Sector, Real Estate Slump, Reserve Bank Of India, Ticket Size
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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 speakers [...]
By rajani
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Posted in Property News
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Also tagged Bangalore, Confederation, Development Minister, Global Financial Crisis, Global Slowdown, Grim Realities, India, Indian real estate, Jaipal Reddy, Profits, Real Estate Developers Association, Sobha Developers, Speakers, Urban Development
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October 3, 2008 – 11:26 pm
As affordable housing is becoming the new mantra for real estate developers, the concept is attracting a lot of attention from the real estate funds fraternity. The $250-million First Indian Real Estate (FIRE) Capital Fund Ltd is making its first deal in the segment.
According to industry sources FIRE Capital is currently in the due diligence [...]
By rajani
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Posted in Property News
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Also tagged Affordable Housing, Ahmedabad, Due Diligence, East India, European Markets, Housing Project, Industry Sources, Mantra, Permutations And Combinations, Real Estate Developer, Realty Fund, Ticket Size, Tier II, Venture Capital Fund, Venture Fund, West Bengal
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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. The [...]
By rajani
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Posted in Property News
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Also tagged Conclusion, Consumers, Flexible Rates, Grand Hyatt Hotel, Housing Projects, India, Interest Rates, Kotak Securities, Mismatch, Mumbai, Participant, Profits, Realty Market, Residential Markets, Residential Prices, Slump
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JPMorgan, internationally well-known investment bank, considers putting in over one billion dollar in Asian property sector over the next 3 years, as Indian and Chinese real estate developers crave for more funds to finish their forthcoming projects. Property prices all across the globe, especially UAE, have been on ascendancy to the amusement of many potential [...]
By admin
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Posted in Property News
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Also tagged Asia, Asian Market, Balance Sheet, Dubai, First Quarter, Forthcoming Projects, Globe, Investment Bank, Investors, Jp Morgan, JPMorgan, Property Sector, Real Estate prices
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Real estate firm Parsvnath Developers Ltd expects stake dilution in individual projects to help it control its debt and hold margins in a rising interest rate regime, a top official said.
The New Delhi-based developer reported a 16% drop in first quarter net profit at 712.9 million rupees. Net sales were also disappointing, up just 5% [...]
By admin
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Posted in Property News
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Also tagged Basis Points, Cost Of Borrowing, Home Loans, Hotel Projects, Input Costs, Interest Costs, Parsvnath, Private Equity Deals, Real Estate Developers In India, S Central, Special Economic Zone, Unfinished Projects
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Real estate market in India is on the upswing while builders in India are rapidly investing in all the parts of the country. New constructions in this field are into an all-time growth. Indian property developers are buying plots in large number for construction of townships and residential complexes.
A study of the market trends for [...]
By rajani
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Posted in Property News
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Also tagged Awadh, Builders In Cochin, Builders In Hyderabad, Commercial Complexes, Expanding Their Vision, Golden Palms, Hot Cakes, India Property, Indian Property Developers, Luxurious Apartments, New Constructions, Property In India, Property Sector, Quality Flats, Real Estate Developers In India, Real Estate Sector, Residential Complexes, Shopping Malls, Vadodara Property
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Touted as a entrance to Rajasthan, Bhiwadi, falling in Alwar district and bordering Haryana is a key industrial growth centre in the NCR with over 2500 operational industries. Bhiwadi enjoys huge location advantage with IGI Airport, New Delhi, just fifty five kilo meter away and Gurgaon forty kilo meter away. Being close to Delhi and [...]
By admin
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Posted in Property News
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Also tagged Bhiwadi, delhi, Gurgoan, Haryana, Housing Projects, Housing Scheme, Industrial Corridor, Manesar, Mumbai, Parsvnath, Real Estate Boom
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Real estate funds, PE players and foreign institutional investors are exploring options to buy equity stakes in listed realty companies, as valuations of these companies have fallen by over 65% during the past three months.
The move has also come as a blessing in disguise for these realty companies who have been finding it difficult to [...]
Leading property developers are pulling out of proposed deals with hospitality majors, including Royal Orchid Hotels and Ramada Worldwide, as cash flows in the real estate sector are slowing. Realtors are reconsidering plans to go into the hospitality sector.
By admin
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Posted in Property News
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Also tagged Banglore, Cash Crisis, Four Star Hotels, Hospitality Project, Hospitality Sector, Hotel Companies, Hotel Group, Hotel Projects, Indian Ocean Region, Property Developers, Real Estate Sector, Wyndham Hotel
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Property prices in and around Calcutta could shoot up by as much as 15 % as city developers contemplate a basket hike in product prices to combat a steep rise in input costs. The real rise in realty rates, though, could be tempered by a slack market.
According to Pradeep Sureka“There’s no way we can absorb [...]
By admin
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Posted in Property News
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Also tagged Banglore, Builders In Bangalore, Cement Prices, City, Construction Cost, Credai, Kolkata, LIG, MIG, Petroleum Products, Ps Group, Pune
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Chandigarh, May 14:- The Chandigarh Housing Board, an autonomous body whose mandate is to provide housing to the middle class and economically weaker sections of the society, has indeed appeared as a money-making agent for the real estate developers.
Had the Chandigarh Administration or Chandigarh Housing Board (CHB) levied the same conversion charges to the real [...]
A week after Sebi announced guidelines for real estate mutual funds, officials at fund houses and real estate developers are awaiting clarity on certain issues before they go ahead with scheme launches. Industry experts point out that taxation, periodic calculation of net asset value (NAV), and absence of any benchmark indices are some of the [...]
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 [...]
February 1, 2008 – 1:59 am
Akruti City Limited (ACL) (formerly known as Akruti Nirman Limited), one of the leading real estate developers of India, has stated total income of Rs. 140.02 crores ensuing in a net profit (after tax) of Rs. 72.14 crores (EPS of Rs. 10.81) for the third quarter ended December 31, 2007
“Akruti City continues to register rock-hard [...]
