September 24, 2009 – 11:14 am
Century Real Estate is the latest to join the affordable housing bandwagon. It has come up with ‘Century Indus’ project that offers apartments in the Rs 20-30 lakh category.
Mr P. Ravindra Pai, MD, Century Group said, Acquiring land at historical rates has helped the company make the project affordable.
The company has a land bank of [...]
September 22, 2009 – 3:58 pm
The increased supply of ‘affordable’ housing and the demand for it has improved volumes for developers, but this has also meant that the rise in values has been significantly less.
Balakrishna Hegde, former president of CREDAI, Bangalore, points out that while volume demand is up by 50% to 60%, the rise in value has only been [...]
August 11, 2009 – 6:55 pm
HDFC chairman Mr. Deepak Parekh said that there is need of real estate regulator at state level to deal with issues concerning the housing sector. He pointed out that the Government should layout an institutional framework for a real estate regulator. Regulators’ role would be to regulate the affordable housing agenda, promote real estate reforms and ensure transparency [...]
The
Propertywala sector appears to have found its feet with focus on affordable housing and this may reflect in the June quarter results of the companies. The move has led to higher sales for many companies, but on the other hand, it has also impacted the margins negatively. The reason being that the mid-segment housing [...]
Mumbai seems to be the next destination for realty giants DLF and Unitech. Both companies are trying to restart some of their projects in Mumbai which were on hold.
Unitech, said, “We have a number of slum redevelopment projects in Mumbai. We also have a focus on affordable housing and some projects will be announced [...]
Real estate industry has started showing the signs of recovery. Effect of recovery will be shown in coming quarter. These are not baseless talks. Launching of new projects at low interest rates is the main reason behind the increase of sales inquiries. Specially, the term ‘affordable housing’ is attracting middle class families [...]
By rajani
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Posted in Property News
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Also tagged Apartment, Bandwagon, Banks, Bookings, Cement, Ceo, Conglomerate, Dreams, Foreign Investments, Gap, Happy Customer, Home Buyers, Jaypee Group, Low Interest Rates, Middle Class Families, New Projects, Property Consultancy Firm, Sales Inquiries
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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 [...]
By rajani
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Posted in Property News
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Also tagged Administrative Expenses, Business Model, Downturn, First Right Of Refusal, Flagship, Goel, Good Business, Group Firms, Independent Directors, Private Equity, Promoter Group, Promoters, Right Of Refusal, Rohtas, Stake
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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. [...]
By rajani
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Posted in Property News
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Also tagged Bandwagon, Co Director, Footprint, Foray, Housing Development Corporation, Housing Ministry, Housing Projects, Income Groups, Land Co, Launch, Low-Cost Housing, Metros, Mohammad Ali, Outskirts, Real Estate Development, Residential Development, Residential Real Estate, Residential Real Estate Development, Rs 40, Square Feet
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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 [...]
By rajani
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Posted in Property News
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Also tagged Business World, Construction Companies, Consumer Confidence, Euphoria, Housing Projects, Low Interest Rates, Luxury Apartments, Real Estate Sector, Realty Companies, Residential Segments, Sector Business, Slowdown, Sums Of Money, Visible Indication
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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 rajani
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Posted in Property News
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Also tagged Accruals, 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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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 [...]
By rajani
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Posted in Property News
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Also tagged Capital Advisors, Civic Authorities, Commercial Real Estate, Gera, Housing Project, Localities, Milestone, Private Property, property, Property Developers, Property In Pune, Pune Builders, Rental Values, Residential Property, Returns On Investment, Western India
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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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