Tag Archives: Delhi

SRK Group To Invest Rs 5,000 crore In Next 5 Years

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 next [...]

SRS Group To Invest Thousand Crores

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 [...]

GMR’s Delhi Hospitality Project Hits AAI Barrier

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 stakeholders [...]

Big Dreams Stifle Small Nests

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 a [...]

Realtors’ New Business Strategy-Luxury Homes

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 [...]

Deteriorating IT Boom Affects Real Estate

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 [...]