January 3, 2009 – 3:07 am
Members from the Confederation of Real Estate Developers Association of India (CREDAI) will be meeting the RBI Governor D Subbarao next week to demand more Government support for the struggling real estate sector. The developers are likely to push for lower interest rates and restructured debt for the developers.
Speaking to The Indian Express, Pradeep Jain, [...]
By rajani
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Posted in Property News
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Also tagged Confederation, Credai, Financial Institutions, Government Support, Home Loan Mortgage, Housing Schemes, Income Housing, Indian Express, Liquidity, Loan Borrowers, Moratorium Period, Mortgage Interest Rate, Pradeep Jain, Real Estate Developers, Real Estate Developers Association, Real Estate Sector, Townships
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November 21, 2008 – 12:01 am
Real estate companies seem little inclined to listen to the government’s call to reduce prices. Even as realty firms such as DLF, Parsvnath and Emaar MGF demand rollback of taxes, they are reluctant to commit any price cut.
An association of developers, Confederation of Real Estate Developers Association of India (Credai), has asked member developers to [...]
By rajani
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Posted in Property News
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Also tagged Confederation, Credai, Delhi Chapter, Economic Sentiment, Emaar Mgf, Home Buyers, Pradeep Jain, Real Estate Developers, Real Estate Developers Association, Real Estate Sector, Realty Cos, Realty Firms, Residential Market
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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, India, Liquidity, Real Estate Developer, Real Estate Loans
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Parsvnath Developers, the Delhi-based realtor, plans to invest up to Rs 500 crore for land acquisitions in fiscal 2009. However, it will not be aggressive in ramping up its land bank and would acquire land for its projects.
In its latest quarter, the BSE-listed Parsvnath added 66 acres of land.
Pradeep Jain, chairman at Parsvnath, said the [...]
By rajani
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Posted in Property News
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Also tagged Accruals, Convenience Stores, Formal Announcement, Four Star Hotels, Hotels In Shirdi, Hypermarkets, India Real Estate, Kochi, Land Acquisition, Land Acquisitions, Mohali, Mysore, Private Equity Funds, Sezs, Special Economic Zone
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Parsvnath Developers, the Delhi-based realtor, plans to invest up to Rs 500 crore for land acquisitions in fiscal 2009. However, it will not be aggressive in ramping up its land bank and would acquire land for its projects.
In its latest quarter, the BSE-listed Parsvnath added 66 acres of land.
Pradeep Jain, chairman at Parsvnath, said the [...]
By rajani
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Posted in Property News
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Also tagged Convenience Stores, Foray, Formal Announcement, Four Star Hotels, Hotels In Shirdi, Hypermarkets, India Real Estate, Kochi, Mohali, Mysore, Private Equity Funds, Sezs, Special Economic Zone
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Real estate developer Parsvnath on 15th July tied up with Sabeer Bhatia, co-founder of Hotmail, to develop a Rs 50,000-crore knowledge city project in Haryana.
The Parsvnath Nano City project would come up in Panchkula near Chandigarh. The realty firm would invest about Rs 400 crore in the form of equity and debt in the project, [...]
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 [...]
The latest battle in the real estate sector has started taking a toll. Almost all large developers are now facing a severe cash crunch and finding it difficult to complete their ongoing projects. In fact, the situation is so bad that most of them have reported a 50-70% cash shortfall. Industry sources said that the [...]
For all the talk about a slowdown in the economy, real estate prices in most parts of the country have not corrected as much as most prospective buyers would have liked them to. But, shares of most real estate companies are not finding any takers even after falling nearly 50% from their record highs in [...]
MUMBAI: Equities are seen opening flat-to-negative on Tuesday amid quiet global cues. Crude oil’s record high spike to the $127 mark will weigh on sentiment.
Essar Oil’s refinery expansion project at Vadinar may turn out to be the only such upcoming project to be denied a 100% tax holiday available to refinery projects. This follows the [...]
By rajani
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Posted in Property News
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Also tagged Auto Companies, British Telecom, Essar Oil, Finance Ministry, Haryana, Indian Auto, Italian Motorcycle, Public Sector Company, Silicon Valley, Stock, Tech Mahindra
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January 28, 2008 – 7:04 am
21 January 2008, New Delhi: Parsvnath Developers has announced an investment of Rs 60,000 crore in coming five years in diversified areas such as SEZs, airports, express ways and retails business. Mr. Pradeep Jain, Chairman of Parsvnath Developers said, “We shall be bidding for upcoming airports such as Udaipur, Greater Noida, Maharashtra and other states. [...]
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