Real estate major Parsvnath Developers may soon be able to reduce a significant chunk of its debt, thanks to certain corporate giants showing interest in buying a prime piece of property it owns in the national capital. The Sahara Group is engaged in discussions with Parsvnath to buy its commercial land near Connaught Place in […]
The sale of Leela Kempinski Kovalam was among the top 10 hotel deals in Asia during the past one year, shows data from the US-based research firm Real Capital Analytics. Real Capital, which tracks and analyses real estate deals worth over $10 million across apartments, hotels, retail, industrial, office and development projects over the world, […]
The real estate sector in Bangalore has grown to a large extent in the past one year. In the year ahead, the city’s realty is expected to grow by 25 per cent as per the CREDAI estimation. “We are expecting the realty to grow by 25 per cent in the coming year. Last year too […]
August 5, 2011 – 12:57 pm
Photo by joseph beuys hatIf you live on second or third floor in a DDA flat, then climbing those stairs is no more a back-breaking experience anymore. The DDA has eased the norms for installing lifts in its apartment blocks. The country’s biggest land development agency has been catering to Delhi’s housing needs for more […]
December 16, 2010 – 6:31 pm
The new craze of Delhi’s neo-rich and the corporates to develop holiday or de-stressing resorts to Delhi, Gurgaon and Manesar has caused a spurt in the prices of lands, particularly those located along national highways and also in those along some link roads. According to the reports available with the real estate agents at Gurgaon […]
October 6, 2009 – 11:13 am
DDA has awarded Delhi’s first slum redevelopment project, worth Rs 500 crore, to a local builder, Raheja Developers, in a move that may see more such projects in the national capital resulting in better living conditions for urban poor and thousands of crores of businesses for builders. DDA has awarded 5.22-hectare, or 13-acre, project at […]
Real estate monitorThe government department responsible for the promotion of industry is proposing easier rules to allow overseas investors to be part of smaller real estate projects and lower capitalisation norms for those which involve facilities in hospitality or tourism sector. The department of industrial policy & promotion, which handles the FDI policy, in a […]
Photo by thinkpanamaGlobal real estate giant IREO will invest 500 million dollars in various infrastructure projects in India. IREO is already one of the largest investors in the country’s real estate sector. The company currently has thirteen projects and is in the process of constructing an IT SEZ in Pune. The company has projects in […]
SALES slowdown, stagnating capital values and a need to manage resources better are pushing Indian realty firms to invest in technology that will help them achieve optimum productivity, information access and regulatory compliance. End-to-end enterprise resource planning (ERP) solutions, that manage diverse projects across different locations, are slowly finding favour. ERP vendors are seeing increased […]
August 12, 2008 – 4:20 am
Real estate firm SRK Group is planning to invest Rs 5,000 crore in developing various properties across the country over the next five years with plans to expand to new cities. “The group has identified many projects in south India and other parts of the country to pump in about Rs 5,000 crore in the […]
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Also tagged Ahmedabad, Ambulance Services, Chennai, Commercial Projects, Gurgaon, Healthcare Facilities, Housing Units, Kerala, Pune, Rasheed, Real Estate Firm, Residential Projects, South India
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The SRS Group declared that it will be investing over thousand crore rupees in the next three years and also come out with its public issue by the end of the current financial year. It also disclosed its three upcoming projects, which are, eight hundred crore rupees five-star hotel in Haryana, an IT park and […]
The GMR Group-backed Delhi International Airport’s (DIAL) plans to develop a 45-acre hospitality district in the capital has hit an air-pocket. Airports Authority of India (AAI), which owns 26% in DIAL, is unwilling to raise the required fund of one thousand crore rupees for the proposed real estate development. It was decided that all the […]
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Also tagged Aai, Aerotropolis, Airports Authority Of India, Commonwealth Games, Dapl, Delhi Airport, Fraport, Gmr Group, Government Official, Hospitality Project, Hotel Complex, Land, lease, Real Estate, Revenue Generation, Room Hotel, Security Deposits
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For prospective real estate buyers in the state capital, thinking big seems to be the guiding light, at least when buying apartments is concerned. The new concept of one-BHK flats in Ranchi has failed to attract customers, leading developers to shelve many such projects. The “revolutionary” projects were supposed to provide reasonably good accommodation at […]
March 18, 2008 – 12:15 pm
As home sales continuously going downward, real estate developers are changing their strategy and showing more interest in luxury home segment by targeting non-resident Indians and high net worth individuals keen on buying that exclusive villa in India. Such business strategy also seems to be supported by market as demand in the luxury home segment […]
Slowdown in IT/ ITeS sectors is effecting real estate firms. Lease of office space to software and BPO firms have fallen by over 30 percent. The trend is particularly bound to affect firms like DLF and Unitech which are building several software SEZs (special economic zones) across the country. Unitech executive said that till just […]
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Also tagged Bpo, Dlf, Growth, Infosys, Jaipur, Market, Mumbai, Real Estate Slowdown, SEZ, Software Companies, Software Firms, Tcs, Unitech, Wipro
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