Tag: Housing Projects

Project Launch by Supertech

Supertech, one of the leading real estate firm announced on Wednesday that it will invest Rs.4, 000 cr in developing 15 mega housing and commercial projects in the next three years. The project is concentrated along the northern India. Photo by Architecture & FoodMr. R.K.Arora, Supertech Chairman and Managing Director said they will develop 12 […]

RBI Revised Guidelines

The Reserve Bank of India has issued revised guidelines on banks’ exposure to commercial real estate. The strategies say about the property where repayment of loans solely depends on the property itself and not on its expected profits. Where repayment mainly depends on other factors such as operating profit from business operations, quality of goods […]

Sahara to defy realty slowdown

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 […]

Orissa episode of the Credai

The Orissa episode of the Credai has decided to reduce prices of their forthcoming housing projects by 5-10% in the coming 2 months in the wake of fall in raw material prices. The strategy comes close on the heels of a call given by Credai to more than three thousand of its members in the […]

Vakil Latest To Jump Onto Affordable Housing Bandwagon

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 […]

Affordable Housing Is The New Choice

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 […]

Puravankara Projects Ltd In Talk With Overseas Private Equity For Affordable Housing Projects

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 […]

Better connectivity in sight, rush begins for suburbs

Distance is no longer a restriction for prospective buyers on the look out for a dream home. It seems people do not mind traveling a few extra miles as long as the location provides for convenience of commuting. With the announcement of a number of transport and road infrastructure projects, property prices are shooting up […]

Impact Of Rate Hike On Real Estate

Real estate companies observes their cost of borrowing rising by 1% age point as the central bank has increased the repo rate by 0.5 % and cash reserve ratio by 0.25 %. The rate hike will push up the corporate lending rates. This, in turn, is anticipated to further strain the balance sheets of realty […]

DLF Housing For Poors

India’s largest real estate developer DLF has given a new definition to housing for economically weaker sections (EWS). A senior company executive recently proposed to urban development minister Jaipal Reddy—and was promptly snubbed—that servant quarters attached to highend apartments be counted as the developer’s contribution towards EWS, according to a source in the government. As […]

Real Estate Leads Indian Economy

Progress in the Indian real estate sector represent the shifting appearance of nation and it is a mirror image of the growth in the Indian economy brought about by soaring rates of GDP and also by India’s incorporation with the worldwide economy, said K. Nath, Union Minister of Commerce and Industry. He was giving speech […]

Low-Cost Housing For Every Middle-Class In Metro

Year 2008 has some excellent news in store for private developers and middle-income home buyers. For, minister of state for urban development Ajay Maken has freshly started the procedure of providing ground to private developers in Delhi with 40% floor space index (FSI) for developing low-cost housing. “With this move, private developers can use surplus […]