Downturn - India Real Estate Monitor

Tag: Downturn

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 [...]

By rajani | Posted in Property News | Also tagged Administrative Expenses, Affordable Housing, Business Model, First Right Of Refusal, Flagship, Goel, Good Business, Group Firms, Independent Directors, Private Equity, Promoter Group, Promoters, Right Of Refusal, Rohtas, Stake | Comments (2)

HDFC Funds Look At Troubled Realty Projects

September 5, 2008 – 7:34 am

Chairman Deepak Parekh said that the property funds of Housing Development Finance Corp (HDFC) and its asset management unit have more than $1 billion of available funding and will look to buy distressed real estate projects. The funds are yet to buy any projects, but he said there could be opportunities within six months if [...]

By rajani | Posted in Property News | Also tagged Available Funding, Buyouts, Cash Crunch, Citigroup, Deepak Parekh, Development Finance, Distressed Real Estate, Estate Projects, Exorbitant Prices, Housing Development, Management Unit, Mortgage Lender, Portfolio Management Services, Real Estate Portfolio Management, Reconstruction Fund, Rising Interest Rates, Services Business, Takeovers, Top Mortgage | Comments (1)

Indian Real Estate-Changing Scenario

August 11, 2008 – 12:34 am

The propensity of property cancellation in the city has surpassed statistics of several other leading cities in the country. With almost 15% to 20% slide in the real estate demand across the country, the scene in Pune too is no different and developers have already started feeling the pinch. “The real estate market across India [...]

By rajani | Posted in Property News | Also tagged Bangalore, Banking System, Bookings, Cancellations, Executive Director, India Statistics, Indian, Kmpg, Perception, Phenomenon, Propensity, Pune, Slowdown, Slump | Comments (2)