January 9, 2009 – 12:38 am
With reduction in land prices , an average 30% across India in the past 6 months, many medium-sized developers are trying to renegotiate the joint development agreements, they had signed with landowners earlier.
“Renegotiations have definitely started happening now with a drop in land prices,” says Cushman & Wakefield director (land & industrial) Manish Aggarwal. Players [...]
By rajani
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Posted in Property News
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Also tagged Bangalore, Cushman, Development Agreements, Internal Rate Of Return, Landowners, Parameters, Private Equity Partners, Rate Of Return, Real Estate Developers, Realty Cos, Wakefield
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January 5, 2009 – 4:27 am
The wish of millions of middle-class Indians to own a home remained just a pipe-dream as soaring prices and builders’ keenness to focus on exclusive gated communities shut them out of the market.
It could change because bank loans become cheaper. More middle-class Indians can hope to get a step on the housing ladder in 2009. [...]
By rajani
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Posted in Property News
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Also tagged Bank Loans, Blind Faith, Earnings, Financial Asset, Gated Communities, Genuine Buyers, House Prices, Indians, Interest Rates, Ladder, Market Collapse, Pipe Dream, Punters, S 300, Speculators, Stock Market, Unsold Stock, Wealthy Investors
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December 17, 2008 – 7:47 am
PropertyWala.com has been voted India’s best real estate website for the year 2008. The Website of the Year awards are the largest annual ‘people’s choice’ website awards and have organized since 2004 by MetrixLab, an independent online market research agency, in association with Neilsen Online. Over 1.5 million Internet users from India participated in [...]
By rajani
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Posted in Property News
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Also tagged Advertising Services, Awards, Best Real Estate, Buyers And Sellers, Choice Website, Convenience, Detailed Description, Estate Sellers, Execution, India Abroad, Indian Real Estate, Market Research Agency, Multitude, Parent Company, Proper Implementation, Property Advertising, Real Estate Web, Web Portal
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December 11, 2008 – 6:05 am
A high-profile investment property show has been re-scheduled for next year following last month’s terror attacks in Mumbai.
Organisers said Cityscape India will be held from December 9 to 11 in 2009 at the Bombay Exhibition Centre.
Cityscape 2008, planned for the same dates and venue this year, was called off after militants killed more than 150 [...]
By rajani
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Posted in Property News
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Also tagged Bombay, Cityscape, Donald Trump, Donald Trump Jr, Exhibition Centre, High Profile, Indian Investment, Investment New, Investment Property, Mumbai India, New Date, Organisers, People, Terror Attacks, Tourist Sites
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December 9, 2008 – 5:41 am
Transparency in real estate sector seems to be improving. According to the Jones Lang LaSalle – 2008 Real Estate Transparency Index, India now holds the 50th position out of 82 markets globally.
Countries are grouped into bands such as Highly Transparent (Tier 1) and Opaque (Tier 5). India has moved up from Tier 4 (Low Transparent) [...]
December 6, 2008 – 1:42 am
India is emerging as a giant in the field of real estate due to its incredible architectural developments and breathtaking designs. India is emerging as the international hotspot for property and the demand for real estate is so intense that property prices have increased considerably over last 3-4 years.
The reason behind this growth is that [...]
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, developers, Estate Business, Expansions, Fi, Financial Trouble, Full Swing, Global Economic Slowdown, Half Year, Housing Projects, Market Scenario, S Real Estate, Sahara, Term Business, Unprecedented Pressure, Volatile Market
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November 28, 2008 – 1:02 am
The terrorist attacks on Mumbai are likely to further pull down the sagging property prices in the city, especially in South Mumbai. South Mumbai, the most expensive property market is expected to face a dip in value across all segments, including rentals, in the next half year.
“It’s is too early to say anything now. However, [...]
By rajani
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Posted in Property News
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Also tagged Birla Sunlife, Dampener, Half Year, Knight Frank, Negative Sentiments, Property Consultants, Property Deals, Real Estate, Ripple Effect, Second Half, South Mumbai, Suburban Market, Terrorist Attacks
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November 14, 2008 – 3:42 am
Saviour Group, a company dealing in land acquisition and consolidation, has declared that it will soon launch an eco-friendly real estate project named Greenisle on Expressway (NH-24), Ghaziabad. The project, to be spread over six acres, promises to be India’s best evergreen real estate project, according to company directors, Mr Iqbal Singh Sodi, Mr Lakhbir [...]
By rajani
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Posted in Property News
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Also tagged Benefit, Company Directors, Environmental Impact, Evergreen Real Estate, Ghaziabad, Iqbal Singh, Land Acquisition, Nascent Stage, Rastogi, Real Estate Project, Saviour
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October 24, 2008 – 8:39 am
Sales at Parsvnath Developers’ in the festival season of Diwali are down to half from a year ago, but the real estate developer does not plan price cuts to boost sales, its chairman said.
High interest rates on home loans and central bank rules forcing banks to assign a higher risk weight to real estate loans [...]
By rajani
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Posted in Property News
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Also tagged Banks, Cash Flows, Diwali, Financial Institutions, Fiscal Year, High Interest Rates, Home Loans, Liquidity, Parsvnath Developers, Real Estate Developer, Real Estate Loans
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October 22, 2008 – 5:18 am
Uncertainty in the equity market seems to be paving the way for newer investment opportunities. Private equity (PE) players have been quick to recognize these. Of late, their attention seems to have shifted from the most-talked about sectors like real estate and financial services, which were the flavour of the season till some time ago, [...]
By rajani
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Posted in Property News
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Also tagged Business Sense, Education Health Care, Financial Services, Indian Economy, Infrastructure, Investment Interest, Investment Opportunities, Investors, Logistics Warehousing, Private Equity, Real Estate Sector
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October 4, 2008 – 12:56 am
Entering the market in possibly the toughest time, the GMR Group has invited bids for building hotels at its proposed 45-acre hospitality district near the upcoming airport in Delhi.
The Delhi International Airport Pvt Ltd (DIAL) had planned to raise Rs 2,750 crore from this district in 2008 when the plan was first floated and then [...]
By rajani
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Posted in Property News
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Also tagged Acre Plot, Ahead, Bidders, Budget, Conference Hotel, Controversy, Crunch, Delhi Airport, Delhi International, Financial Markets, Gmr Group, Hospitality, Hotels, Infrastructure, Real Estate, Security Deposit
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September 24, 2008 – 6:09 am
Real Estate Bank India is scheduling to set up three thousand franchisees all over the country with sixteen outlets in Orissa within a year. The first property shop will be opened on September 24 in Bhubaneswar. The other property shops will be located at Rourkela, Cuttack, Jharsuguda, Barbil and Jajpur Road.
This would promote inter and [...]
By rajani
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Posted in Property News
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Also tagged Avenues, Barbil, Core Business, Cuttack, Estate Business, Franchisees, Hassle, Intra State, Kerala, Orissa, Presence, Property Transaction, Property Transactions, Pune, Real Estate Bank, Real Estate Transaction, Real Estate Transactions, Related Services, West Bengal
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August 29, 2008 – 2:17 am
Millennium Spire Limited, an “Alternative Strategies Fund” under the U.K.-based Millennium Global umbrella, on Thursday announced its foray into the Indian real estate sector unveiling its maiden platform for developments in the Indian market, Spire World, a platform that would drive development of mainstream green projects of Millennium Spire in the country.
The unveiling of ‘Spire [...]
By rajani
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Posted in Property News
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Also tagged Better Sense, Commercial Advantage, Eco Office, Foray, Indian Real Estate, Jaipur, Joint Venture, Launch, Managing Director, Manesar, Millennium Spire, Newsmen, Real Estate Sector, Superiority, Umbrella, Uniqueness, Viability
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August 29, 2008 – 2:16 am
Singapore-based private equity firm, Millennium Spire Ltd-MSL announced investment of $200 million in India’s realty sector in next one year.
MSL Managing Director, Ashish Bhalla reportedly said that the company would invest in real estate projects in the national capital region and Coimbatore in mix use complexes, IT parks, residential and commercial areas.
The company also announced [...]
By rajani
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Posted in Property News
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Also tagged Coimbatore, Commercial Areas, Edge Project, Estate Projects, Investments, Joint Venture, Managing Director, Manesar, Millennium Spire, Millennium Spire Ltd, Private Equity Firm, Public Private Partnership, Real Estate Sector, Singapore, State Governments, Townships
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The real estate sector in India has now become one of the most important sectors in the recent times, thanks to the rising prices of land.
Today real estate sector has become a reckoning force in the economy of India. This sector which till few years back were unknown to most of the investors and people [...]
By rajani
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Posted in Property News
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Also tagged Dynamic City, Economy Of India, Entire World, Haryana, Kolkata, Metropolitan Cities, Nariman Point, Ncr, Property Developers, Real Estate Boom, Real Estate Developers, Real Estate In India, Real Estate Sector, Shopping Malls
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Red Fort Capital, a Cayman Islands-based private equity fund focused on real estate development, is in the advanced stages of negotiations with six developers for projects worth Rs 40 billion in the metropolitan areas across India.
The fund will be developing an information technology park in Kolkata with Godrej Properties, with Red Fort holding a 49 [...]
Ian Hendersen, Chairman, Ishaan Real Estate, said, “Investment in the initial portfolio of assets is being completed, largely according to a plan, and the increased net asset value replicates the strong demand for our properties and the huge potential of the Indian property market”. IRE is the holding company of K Raheja Corp floated in [...]
By rajani
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Posted in Property News
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Also tagged Alternative Investment Market, Hendersen, Ishaan, K Raheja, Overseas Markets, Park Projects, Raheja Group, Real Estate Sector, Residential Projects, Retail Ventures, Sezs, Shopping Malls, Southern India
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Realty player Suncity Projects today announced its plans to develop four retail cities in the country with an investment of around Rs 2,000 crore by 2011.The retail cities, under the brand name ‘Jewel of India’ would come up at Greater Noida, Indore, Jaipur and Mohali.
The first of these cities would become operational in Jaipur by [...]
By rajani
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Posted in Property News
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Also tagged Ambitious Projects, Bazaar, Food Courts, Hotel, Hotel Business, Indore, Jaipur, Mohali, Multiplexes, Rajasthani, Retail Area, Retail Brands, Retail Space, Vijay Arora
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India’s emergence as a leading IT and ITES destination has witnessed a huge demand for high quality office space. Again, the dependence on one sector could also have a serious impact. Knight Frank’s Vakil said that there is already a slowdown as far as commercial property is concerned.
The scenario presents a few interesting constituents. Vakil [...]
By rajani
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Posted in Property News
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Also tagged Bangalore, Commercial Plots, Commercial Space, Future Group, Hyderabad, Kishore Biyani, Knight Frank, lease, Office Space, Outright Purchase, Residential Plots, Slowdown, Vakil
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DLF Ltd. and Unitech Ltd. fell in Mumbai trading after Credit Suisse Group cut its ratings for the stocks on concern new projects may be delayed as demand wanes and funding costs rise.
DLF dropped 2.4%, the most in eight days, to 446 rupees at 10:40 a.m. local time. Unitech, based in Gurgaon, declined 2.5% to [...]
PBEL Property Development (India) Pvt. Ltd. is new name for indian real estate. It is a joint venture of Property and Building Corporation (PBC), Electra Real Estate (ERE) and Indian developer INCOR Infrastructure. Over the last couple of months PBEL has purchased property worth thousand crore rupees plus across various cities in India.
PBEL Property Development [...]
By rajani
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Posted in Property News
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Also tagged Art Club, Bedroom Wardrobes, Dwellings, ERE, INCOR, Joint Venture, Launch, Modular Kitchens, PBC, PBEL, PBEL CITU
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India and China have significantly improved their levels of real estate transparency, an indicator of real supply and demand in the sector, over the last two years.
According to real estate transparency index complied by professional services firm specializing in real estate, Jones Lang LaSalle, the biggest improvers in Asia Pacific are India, China and Vietnam.
The [...]
India’s National Housing Bank plans to raise one hundred ten billion rupees during the year to March 2009 to meet its loan demand. According to the chairman and managing director S. Sridhar declared that out of this one hundred and ten billion, it will raise thirty billion rupees through zero coupon bonds and another ten [...]
Ishaan Real Estate Plc. swung to full-year pretax loss because of the cost of investment advisory fees and provision for promote fees to be paid to the investment adviser.
However, it said it remains confident of continuing with the improvement made on assets development and also the pre-letting of the projects already initiated within its portfolio.
For [...]
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