December 13, 2008 – 3:56 am
DLF Ltd has cut its current fiscal deliverable targets by about 33% following the deterioration in the housing and commercial property market. The company is now expecting to deliver 15 million square feet against a guidance of 22-24 million square feet at the beginning of this fiscal. It has completed about 7 million square feet […]
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Also tagged Commercial Hub, Connaught Place, Estate Projects, Hyderabad, Income Housing, Indore, Kochi, New Delhi, New Projects, Panchkula, Ramesh, Realtor, Segment, Verticals
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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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Posted in Property News
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Also tagged Al Majed, Bombay, Economic Power, Exhibition Center, Future Of Real Estate, India, Indian real estate, International Investors, Lacs, Participation, Population, Presence, Property Professionals, Real Estate Investments, Real Estate Market, Residential Units, Tanmiyat, Vice Chairman
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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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Posted in Property News
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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, Liquidity, Low Interest Rates, Office Blocks, Residential Projects, Residential Spaces, Roar, Skyline, South Asia, Stock Market, Tight Credit
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November 14, 2008 – 3:43 am
Declining sales, high interest rates, paucity of funds and global economic slowdown have badly impacted the real estate sector which is witnessing not only sudden slump in demand but also is at the receiving end in the stock market. Freebies in the shape of luxury sedans, offers of foreign trips, 15%-20% discount or deferred payments […]
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Posted in Property News
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Also tagged Affordable Housing, Deferred Payments, Fears, Fillip, Freebies, Global Economic Slowdown, High Interest Rates, Hurdle, Luxury Sedans, Managing Director, Paucity, Pradeep Jain, Real Estate Sector, Realtors, Recession, Scarcity Of Land, Sentiment, Stock Market, Target, Tier II
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November 11, 2008 – 5:56 am
India’s most valuable real estate firm, DLF Ltd, and American life insurer Prudential Financial Inc (PFI) said they have an in-principle regulatory approval for a mutual fund venture formed in December. “We look forward to a successful launch once we receive the remaining regulatory approvals, which should take place sometime in 2009,” Rajeev Talwar, group […]
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Posted in Property News
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Also tagged Asset Managers, Benchmark Index, Christopher Cooper, Deutsche bank, Fixed Income Fund, Group Executive Director, International Investments, Launch, Life Insurer, Mantri, Mutual Fund, Nod, Pfi, Prudential, Prudential Financial, Prudential Financial Inc, Pvt Ltd, Regulatory Approval, Regulatory Approvals
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October 31, 2008 – 12:17 am
The much-hyped slum rehabilitation authority (SRA) scheme of the Maharashtra government is in doldrums. This follows a steep slump in the real estate market. One of the biggest players in SRA schemes said, “I have decided to pull out completely. It just doesn’t make sense to get involved in these schemes anymore.” With many SRA […]
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Posted in Property News
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Also tagged Downslide, Fsi, Housing Loans, Maharashtra Government, Occupants, Purchaser, Rane, Reluctance, Shrikant, Slowdown, Slum Rehabilitation Authority, Slums, State government, Transit Camps
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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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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, Real Estate Developers, Realty Market, Residential Markets, Residential Prices
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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, India, Inflow, Investments, Knight Frank, Lehman Brothers, Liquidity Problems, Powerhouses, Pranay, Real Estate, Real Estate prices, Real Estate Sector, Vakil
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September 8, 2008 – 1:47 am
Slump in the residential real estate sector in tier-1 cities seems to have spread over to tier-2 and tier-3 cities. Housing demand in small cities got down by 25% during February-July this year because of higher cost of borrowing. Besides rising cost, unavailability of inputs and power shortage also cause excessive delays in project completion. […]
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Also tagged Assocham, BPTP, Budget, Cost Of Borrowing, Inflation, Interest Rate, Majors, Omaxe, People, Power Shortage, Project Completion, Rawat, Real Estate Sector, Residential Real Estate, Secretary General, Tier 1, Tier 3, Unavailability, Unitech
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Property prices in mumbai suburbs have started cooling down and by March 2009 the fall would be anything between 10% to 20% from now, real estate consultancy firm Jones Lang LaSalle Meghraj said. “There is no sign of propoerty prices coming down in the heart of Mumbai because of almost zero supply. But, beyond Borivali […]
