Everybody is cursing recession as it resulted into slowdown in market. But, have you ever realized that there is always some positive aspect behind every off-putting phase. Recession has changed the point of views of consumers, lenders and developers as well. Consumers became more cautious during spending their saved money. [...]
December 5, 2008 – 6:10 am
Though developers in the realty sector are facing an unprecedented pressure due the global economic slowdown and are being forced to think on the lines of reducing prices of their housing projects, Sahara Real Estate is trying to buck the trend and will instead hike the prices with effect from the next year.
Shedding light on [...]
By rajani
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Posted in Property News
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Also tagged Business Strategy, Buying Spree, Confusion, Debts, Estate Business, Expansions, Fi, Financial Trouble, Full Swing, Global Economic Slowdown, Half Year, Housing Projects, India, Market Scenario, S Real Estate, Sahara, Term Business, Unprecedented Pressure, Volatile Market
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October 31, 2008 – 5:53 am
With the festive season of Diwali just past us, developers are going hammer and tongs at wooing prospective homebuyers with more and more special offers. However, if sources are to be believed, these discounts and gifts have only come about because the real estate market is heading for correction in a big way. Sources say [...]
October 17, 2008 – 5:31 am
Real estate firm Parsvnath Developers on Friday said it has bagged an Rs 29.5-crore order from Delhi Metro Rail Corporation for constructing station box at the upcoming Dhaula Kuan metro station.
“Parsvnath is proud to strengthen its association with DMRC through the construction of station box at Dhaula Kuan. The project reinforces the confidence of DMRC [...]
By rajani
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Posted in Property News
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Also tagged Company Chairman, Connaught Place, Delhi Metro Rail, Delhi Metro Rail Corporation, Dhaula Kuan, Dmrc, Metro Stations, Parsvnath, Pradeep Jain, Real Estate Firm, Realty Firm, Shopping Malls
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September 26, 2008 – 11:06 am
The recent financial debacle in the US has sent shock waves across the globe and is also projected to impact the Indian real estate sector directly or indirectly. Adequate and timely funding would be a major concern for developers. Already, there are indications of investors withdrawing their funding. While big players consider this shake-up as [...]
By rajani
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Posted in Property News
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Also tagged Collapse, Financial Debacle, Financial Institutions, Global Property, Globe, Indian Real Estate, Investors, Meltdown, Property Consultants, Real Estate Companies, Real Estate Sector, Shock Waves, Stocks, Temporary Phase, Tsunami
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September 11, 2008 – 6:48 am
Describing the current bearish trend of the real estate sector a ‘transitory slowdown’, consultancy firm Ernst and Young said that the outlook of the sector is still ‘positive’ in the medium-to-long term.
“Ernst and Young believes that the market is witnessing a transitory slowdown. However, considering the opportunities present as well as the strong economic fundamental [...]
By rajani
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Posted in Property News
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Also tagged Amp, Bearish Trend, Corporatisation, Emergence, Fundamental Drivers, Global Markets, Innovative Products, Mechanisms, Momentum, Niranjan, Outlook, Profit Margin, Profit Margins, Real Estate Sector, Slowdown, Summit, Transparency
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Pune-based DS Kulkarni Developers Ltd has inked a shareholders contract with GTC Cyprus to mutually develop a two hundred fifty acre multi-services special economic zone (SEZ) in Pune through a 50:50 joint venture.
GTC Cyprus is the real estate company of the Netherlands-based Kardan Group.
The Kardan Group has real estate projects in western eastern and central [...]
According to experts, the killing in stock markets, where realty stocks have taken a beating along with the rest, may speed up the slowdown in the real estate market over the next six months.
Balaji Rao, managing director, Starwood Capital India Advisers, said, “The market is already slowing as high property prices have affected sales”.
By rajani
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Posted in Property News
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Also tagged Credit Suisse, Debt Markets, India, Omaxe, Parsvnath, Puravankara, Real Estate Market, Realty Investors, Realty Stocks, Slowdown, Stock Markets
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Mumbai Real estate developers on Friday demanded an inquiry into the rise in steel prices and warned that if the prices were unchecked, plans for the Commonwealth Games 2010 would be hindered and would hit the residential construction business. Members of the Builders Association of India (BAI) met here and sought a probe by the [...]
Bids have been invited by the Noida Authority To set up nine hotels nears the Taj -Agra expressway. The authority has a plan to set up three 5-star, four 3-star, and two 4-star hotels in this project.
This bid is going to open on April 24 with a reserve price fixed by the authority of 77,000 [...]
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