September 6, 2008 – 6:25 am
Joseph Cyril Bamford (JCB) India, the country’s leading construction equipment manufacturer, sees flat revenues this calendar year due to a slackening of growth in realty and a spurt in input costs.
Over the last four years, the company’s yearly growth has been at an average of 30%. JCB India’s topline increased from Rs 2,100 crore in [...]
By manish
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Tagged Bamford, Concrete Plans, construction equipment, Cyril, Diesel Engines, Equipment Manufacturer, Excavators, Flat Revenues, Global Portfolio, Global Revenues, Heavy Engineering, India Exports, Indigenous Products, Jcb, Mother Plant, Pune Plant, Real Estate Sector, Southeast Asia.
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September 5, 2008 – 7:34 am
Chairman Deepak Parekh said that the property funds of Housing Development Finance Corp (HDFC) and its asset management unit have more than $1 billion of available funding and will look to buy distressed real estate projects.
The funds are yet to buy any projects, but he said there could be opportunities within six months if the [...]
By Rajani
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Tagged Available Funding, Buyouts, Cash Crunch, Citigroup, Deepak Parekh, Development Finance, Distressed Real Estate, Downturn, Estate Projects, Exorbitant Prices, Housing Development, Management Unit, Mortgage Lender, Portfolio Management Services, Real Estate Portfolio Management, Reconstruction Fund, Rising Interest Rates, Services Business, Takeovers, Top Mortgage
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September 5, 2008 – 1:20 am
KOLKATA: Land prices have skyrocketed on Kona Expressway and stretches of National Highway-2 and National Highway-6. Call it the Singur ripple effect or impact of other projects like the DLF township project in Dankuni and logistic hub on Kona Expressway, land prices have risen at least six fold in the past four years.
Many brokers had [...]
By manish
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Tagged Beeline, Big Houses, Car Plant, Ciputra Group, Highway 6, Hooghly, Howrah, Industrial Landscape, Poor Infrastructure, Ratan, Real Estate Developers, Small Car, Stalemate, Tata Motors
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September 4, 2008 – 6:15 am
Developer Nirmal Lifestyle Ltd has tied up with the American Tennis Association to use the US Open brand for amenities at its projects in India.
“We are building sports infrastructure as part of our lifestyle city projects and are doing a series of global tie-ups,” Chairman Dharmesh Jain said.
Under the 10-year arrangement, the Mumbai-based Nirmal will [...]
By manish
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Tagged Academy Club, American Tennis, City Projects, Club Houses, Dharmesh, Fitness Centres, Hotel Accor, Hotel Project, Lifestyle City, Lifestyle Ltd, Nirmal Lifestyle Ltd, Shopping Mall, Tennis Academy, Tennis Association, Townships, Ups
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September 4, 2008 – 6:13 am
NEW DELHI: The suspension of work at the Tata Motors’ Nano plant in Singur was unfortunate, but it would not deter foreign investors to India on a long-term basis, Bajaj Auto chairman Rahul Bajaj said.
“It’s a very unfortunate thing that has happened in Singur, but I don’t think that there will be any long-term effect [...]
By manish
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Tagged Buddhadeb Bhattacharya, Car Plant, Chief Minister, Farmland, Food Security, Foreign Investors, Indian Automobile Manufacturers, Investment Destination, Kolkata, Opposition Party, Overseas Investors, Pullout, Rahul Bajaj, Selfish Interest, Singur, Small Car, Tata Motors, Term Basis, Trinamool Congress, Unfortunate Thing, West Bengal
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September 3, 2008 – 9:34 am
Real estate firms will enter into joint development for construction projects by selling land parcels to other builders, given the drop in sales of apartments and inflationary trends.
Pankaj Jaju, head-real estate practice, Enam Securities told FE, “Metros and Tier II towns having a huge pipeline of projects have witnessed a 60% drop in sales of [...]
By manish
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Tagged Bandra Kurla, Bangalore, Bkc, Chennai, Construction Projects, Crunch, Enam Securities, Industry Experts, Inflationary Trends, Land Parcels, Metros, Mumbai, Pune, Puravankara Projects, Raw Material, Real Estate, Realty Firms, Tier Ii
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September 2, 2008 – 1:04 am
With Gujarat’s realty market showing signs of a slowdown, the Gujarat Institute of Housing and Estate Developers (GIHED) has its fingers crossed that the just concluded 3-day property show at World Gujarati Conference (WGC) will help keep the market afloat by raking in NRI business of around Rs 1,000 crore by March 2009.
The 50-odd Gujarat-based [...]
By manish
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Tagged Ahmedabad, Architect, Bungalows, Businessman, Conference Participant, Crore, Desai, Gujarat, Gujrat, Investment Destination, Parshwanath Realty Pvt Ltd, Peek, Princeton Nj, Realtors, Realty Market, Slowdown, Wgc
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September 1, 2008 – 5:52 am
Singur may be grabbing headlines, but it isn’t the only project where the West Bengal government has ‘landed’ itself in a mess. Another storm is developing just 20 km away from Singur, where DLF is growing annoyed with its proposed Dankuni township.
The real estate giant has threatened to pull out of the thirty three thousand [...]
By manish
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Tagged Dankuni, Development Minister, District Administration, Dlf, Estate Projects, Ppp Project, Public Private Partnership, Real Estate, Singur, Township Project, Urban Development, West Bengal Government
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August 30, 2008 – 5:04 am
Real estate investment division of JP Morgan Chase is possibly to pick up about 18% stake in Core Hotels Ventures for one hundred crore rupees with the Foreign Investment Promotion Board clearing the proposal.
The suggestion of J P Morgan India Property Mauritius Company II will now go to FM P Chidambaram for final authorization.
By manish
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Tagged Asset Management, Final Authorization, Foreign Investment Promotion Board, Hotel Maintenance, Hotels In Hyderabad, India Property, Investment Banking, Investment Promotion Board, J P Morgan, Jp Morgan, Jp Morgan Chase, Private Banking, Real Estate Investment, Realty
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August 29, 2008 – 2:17 am
Millennium Spire Limited, an “Alternative Strategies Fund” under the U.K.-based Millennium Global umbrella, on Thursday announced its foray into the Indian real estate sector unveiling its maiden platform for developments in the Indian market, Spire World, a platform that would drive development of mainstream green projects of Millennium Spire in the country.
The unveiling of ‘Spire [...]
By Rajani
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Tagged Better Sense, Commercial Advantage, Eco Office, Foray, India, Indian Real Estate, Jaipur, Joint Venture, Launch, Managing Director, Manesar, Millennium Spire, Newsmen, Real Estate Sector, Superiority, Umbrella, Uniqueness, Viability
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August 29, 2008 – 2:16 am
Singapore-based private equity firm, Millennium Spire Ltd-MSL announced investment of $200 million in India’s realty sector in next one year.
MSL Managing Director, Ashish Bhalla reportedly said that the company would invest in real estate projects in the national capital region and Coimbatore in mix use complexes, IT parks, residential and commercial areas.
The company also announced [...]
By manish
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Tagged Coimbatore, Commercial Areas, Edge Project, Estate Projects, India, Investments, Joint Venture, Managing Director, Manesar, Millennium Spire, Millennium Spire Ltd, Private Equity Firm, Public Private Partnership, Real Estate Sector, Singapore, State Governments, Townships
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August 28, 2008 – 5:46 am
Pune: Twelve city-based real estate developers are in the dock with the income tax department for wrongfully claiming a 100% waiver, under 80-I-B10, on low-cost government housing schemes. The I-T department said these developers claimed false tax waivers worth Rs 65 crore, but declined to disclose the identity of the erring builders.
“We will be issuing [...]
By manish
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Tagged Cash Cards, Chief Commissioner, Financial Consultants, Government Housing, Housing Schemes, Impact Tax, income tax, Income Tax Department, Innovative Ideas, Itz, Market Slowdown, Pune Region, Real Estate Developers, Tax Collections, Taxpayers, Waivers
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August 27, 2008 – 2:58 am
Investing in the Indian real estate sector continues to grow, however the pace may be slowing just a little. Foreign developers as well as private equity funds remain bullish, long-term, on India’s property market.
Not only is investment flowing into the metro cities, but attractive real-estate deals are also being negotiated and signed in ’second-tier’ cities [...]
By Rajani
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Tagged Attractive Investment, Attractive Values, Capitalisation, Combination Of The Two, Commercial Premises, Construction Development, Educational Institutions, Estate Deals, Foreign Direct Investment, Foreign Investors, Government Approval, Indian Parties, Investing In India, Metro Cities, Private Equity Funds, Real Estate Sector, Regional Level, S Real Estate, Sector Investment, Square Meter
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August 27, 2008 – 2:53 am
The largest real estate company by market share DLF Ltd is planning to raise Rs 10,000 crore over the next one year. The shareholders will pass an enabling resolution to this effect in the next annual general meeting which will be held on September 30.
According to a DLF spokesperson, “This is a normal procedure to [...]
By manish
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Tagged Agm, Chennai, Dlf, Earning Per Share, Equity Share, Gurgaon, Indore, Market Share, Maximum Price, Proposal, Rajarhat and Kochi, Share Price, Shareholders, Stock Exchange, Stock Prices
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August 26, 2008 – 4:56 am
Provident Housing and Infrastructure Ltd, the wholly owned subsidiary of Bangalore-based real estate company Puravankara Projects Ltd, is in talks with four overseas private equity funds to raise about seven hundred fifty crore rupees to acquire land for its affordable housing projects, a source close to the development said.
“Total project cost is eight thousand crore [...]
By manish
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Tagged Accruals, Affordable Housing, Chennai Hyderabad, Coimbatore, Housing Projects, Infrastructure Ltd, Jaipur, Kochi, Kolkata, Low Cost Houses, Mysore, Omaxe, Private Equity Funding, Private Equity Funds, Puravankara Projects, Puravankara Projects Ltd, Real Estate Developers
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August 25, 2008 – 7:51 am
Thiruvananthapuram: The Kerala Pradesh Congress Committee (KPCC) alleges that the current controversy over Special Economic Zones (SEZs) in the State has its roots in the schism in the ruling Communist Party of India (Marxist), with one section showing undue haste in getting them cleared to help certain real estate companies.
The KPCC executive committee, which met [...]
By manish
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Tagged Communist Party Of India, Communist Party Of India Marxist, Economic Zones, Farmlands, Government Clearance, Kerala Pradesh Congress Committee, Kerla, Kpcc, Policy Perspective, Schism, State Committee, Thiruvananthapuram
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August 23, 2008 – 2:15 am
HCC Real Estate Ltd (HCCREL), the real estate arm of construction major Hindustan Construction Company (HCC), is in the process of entering into large size land deals. The plots, aggregating 1,550 acres in various parts of India, will be used to develop townships.
HCCREL is planning to invest a thousand crore rupees in the initial phase [...]
By Rajani
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Tagged Christ College Bangalore, Class Construction, Day School Trust, Executive Education Facilities, Forthcoming Ipo, Full Swing, Future Group, Hcc, Hindustan Construction Company, Initial Phase, Kolhapur, Nashik, Oxford University, Pantaloon, Slum Rehabilitation, Target
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August 23, 2008 – 2:14 am
Office rental prices are unlikely to see any major fall across the country’s three major business hubs National Capital Region, Mumbai and Bangalore even as the commercial realty markets in these areas are expected to witness a significant surge in supply, a leading real estate consultancy firm said.
While Bangalore is expected to witness further rise [...]
By manish
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Tagged Asia Pacific Region, Bangalore, Cbre, Commercial Realty, Commonwealth Games, Delhi Ncr, Gurgaon, Hubs, Leading Real Estate, Mumbai, Office Space, Rental Values, South Delhi
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August 22, 2008 – 6:15 am
A 995 sq ft apartment in Bangalore for Rs 19 lakh! This is the price at which Golden Gate Properties is offering two-bedroom apartments at ‘The Commune’, its affordable residential project in Bangalore.
“The project aims to fill the need-gap that has risen in the market owing to spiraling real estate costs,” said Mr K. Pratap, [...]
By manish
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Tagged banglore, Club Houses, Construction Technology, Gap, Golden Gate Properties, Housing Solution, Hyderabad, Kindergarten School, Labour Requirements, Medical Centre, Pratap, Project Tag, Residential project, Retail Centre, Tech Construction, Three Bedroom Apartments, Two Bedroom Apartments
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August 22, 2008 – 5:56 am
The property owners of posh localities, just like Delhi NCR,are extremely happy these days as their areas get more and more crowded with outsiders, since these outsiders are always in search of ready to accommodate homes.
However, it is not a win-win situation for them. They also come across some tricky incidences. Sometimes they feel uncomfortable [...]
By Rajani
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Tagged British Diplomats, Delhi Ncr, Expatriates, Friends Colony, Incidences, Landowners, Localities, Multinational Organizations, Nizamuddin, Old Houses, Outsiders, Structural Design, West Friends
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