Tag Archives: Affordable Housing

Omaxe promoter buys out co’s stake

November 6, 2008 – 1:20 am

Real estate prices are unlikely to see the heady levels of late 2007 and early 2008, anytime soon. That could make clear why more promoters are getting serious about tapping opportunities in the affordable housing.
On Tuesday, Rohtas Goel, chairman of Delhi-based real estate company, Omaxe, bought out the company’s 51% stake in National Affordable Housing [...]

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Vakil Latest To Jump Onto Affordable Housing Bandwagon

September 18, 2008 – 7:12 am

City-based Vakil Housing Development Corporation has become the latest entrant into the market to develop affordable homes as the real-estate industry tries to cope with a downtrend in demand.
A senior official of the company said that the move is part of its strategy to increase its residential real estate development footprint across the southern metros. [...]

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Affordable Housing Is The New Choice

September 10, 2008 – 8:54 am

Between 2003 and 2007, the real estate sector, both commercial and residential segments, had a boom, seeing a runaway rise in price, growth and profits. Realty companies were focusing more and more on luxury apartments. The base sizes of houses became larger. Small house segment was ignored completely. High consumer confidence, low interest rates and [...]

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Puravankara Projects Ltd In Talk With Overseas Private Equity For Affordable Housing Projects

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 [...]

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Pune Real Estate Witnesses Investment Explosion

July 23, 2008 – 7:08 am

Pune property market is one of the most active segments in Western India. Private property developers along with local property builders and civic authorities are pouring in more investments in the city.
Recently, Milestone Capital Advisors announced an investment of Rs300 crore for commercial real estate development in Pune. Milestone is a fund house and focuses [...]

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Realty Majors Adopt New Technologies for Affordable Housing.

April 15, 2008 – 6:45 am

To make their project affordable, real estate developers are applying new techniques everyday. For example, tunnel form technique, table form technique, fly ash technique and so on.

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