Real estate major Parsvnath Developers may soon be able to reduce a significant chunk of its debt, thanks to certain corporate giants showing interest in buying a prime piece of property it owns in the national capital. The Sahara Group is engaged in discussions with Parsvnath to buy its commercial land near Connaught Place in […]
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 […]
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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, Parsvnath Developers, 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 […]
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Also tagged Confederation, Credai, Delhi Chapter, Economic Sentiment, Emaar Mgf, Home Buyers, Parsvnath Developers, Real Estate Developers, Real Estate Developers Association, Real Estate Sector, Realty Cos, Realty Firms, Residential Market
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October 25, 2008 – 2:49 am
Real estate developers and consultants expressed disappointment over the RBI’s credit policy announced today and has asked the apex bank to infuse more liquidity into the system and to the property sector. “It’s disappointing but understandable,” global real estate consultant Cushman and Wakefield Managing Director (South Asia) Sanjay Verma said. He noted that though inflation […]
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Also tagged Apex Bank, Bank Repo, Cushman And Wakefield, Estate Consultant, Global Real Estate, High Interest Rate, Liquidity Situation, Parsvnath Developers Ltd, Productive Sector, Property Sector, Rate Regime, Real Estate Developers, Sanjay Verma
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October 17, 2008 – 5:31 am
Real estate firm Parsvnath Developers on Friday said it has bagged an Rs 29.5-crore order from Delhi Metro Rail Corporation for constructing station box at the upcoming Dhaula Kuan metro station. “Parsvnath is proud to strengthen its association with DMRC through the construction of station box at Dhaula Kuan. The project reinforces the confidence of […]
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Also tagged Company Chairman, Connaught Place, Delhi Metro Rail, Delhi Metro Rail Corporation, developers, Dhaula Kuan, Dmrc, Metro Stations, Parsvnath, Real Estate Firm, Realty Firm, Shopping Malls
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October 15, 2008 – 12:05 am
Leading real estate players are optimistic about the RBI’s move to cut CRR and believe that this will help the flow of funds in the realty sector, enabling faster execution of projects. The CRR cut can also influence the boost of the realty market, provided there is a decrease in interest loans. Mr. Pradeep Jain, […]
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Also tagged Crr, Inflation, Interest Loan, Interest Loans, Leading Real Estate, Liquidity, Omaxe, Parsvnath, Rbi., Real Estate, Realty Market, Rohtas, Slr, Vipul
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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 […]
Bangalore-based real estate developer Vaishnavi Infrastructures has received an investment of $25 million from private equity investor Actis for its Rs 350 crore Bangalore project, an investment bank official said. The proceeds of the investment will fund the construction and development of approximately 925,000 square feet of high-end residential and retail space at Yeshwantpur, a […]
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Also tagged Actis, Bangalore, India Real Estate, Industry Experts, Infrastructures, Investment Bank, Lehman Brothers, Private Equity Investor, Real Estate Developer, Realty Market, Retail Space, Unitech
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