September 18, 2008 – 7:12 am
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 metros. [...]
By Rajani
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Posted in Property News
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Also tagged Affordable Housing, Bandwagon, Co Director, Footprint, Foray, Housing Development Corporation, Housing Ministry, Income Groups, Land Co, Launch, Low-Cost Housing, Metros, Mohammad Ali, Outskirts, Real Estate Development, Residential Development, Residential Real Estate, Residential Real Estate Development, Rs 40, Square Feet
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September 10, 2008 – 8:54 am
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 [...]
By Rajani
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Posted in Property News
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Also tagged Affordable Housing, Business World, Construction Companies, Consumer Confidence, Euphoria, Low Interest Rates, Luxury Apartments, Real Estate Sector, Realty Companies, Residential Segments, Sector Business, Slowdown, Sums Of Money, Visible Indication
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August 26, 2008 – 4:56 am
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 crore [...]
By manish
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Posted in Property News
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Also tagged Accruals, Affordable Housing, Chennai Hyderabad, Coimbatore, Infrastructure Ltd, Jaipur, Kochi, Kolkata, Low Cost Houses, Mysore, Omaxe, Private Equity Funding, Private Equity Funds, Puravankara Projects, Puravankara Projects Ltd, Real Estate Developers
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August 18, 2008 – 2:36 am
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 in [...]
By manish
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Posted in Property News
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Also tagged Barasat-Raichak Expressway, Diamond Group, Eden City, Estate Projects, Infrastructure Projects, Property Exhibition, Rajarhat, Real Estate Developers, Real Estate Developers Association, Residential Projects, Road Infrastructure, Salim Group
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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 companies, [...]
By manish
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Posted in Property News
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Also tagged Akruti City, Angel Broking, Cash Reserve Ratio, Corporate Profitability, Indian Cities, Jharkhand, Power Projects, Property Arm, Property Transactions, Real Estate, Realty Companies, Realty Development, Repo Rate
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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 per [...]
February 13, 2008 – 4:05 am
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 [...]
February 1, 2008 – 1:39 am
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 land [...]
By manish
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Posted in Property News
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Also tagged Affordability, Floor Space, Fsi, Low-Cost Housing, Metros, Middle Class, Minister Of State, Model Act, Model Bill, Private Developer, Private Developers, Real Estate, Regulatory Body, Residential Projects, Residential Property, Space Index, Surplus Land
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