Mumbai may be second to Delhi in unsold homes, but it will take longer to sell them. Real estate developers in the financial capital must wait over three years to clear 1.13 lakh units or 120 million sq ft as high prices deter potential buyers, shows a study released by Liases Foras, a real estate […]
anIndian Real Estate Developers have fastened their seatbelts to come at par with their counterparts in other parts of the world. This has been started by the formation of new boards and committees which will include leaders from the Real Estate and Infrastructure sector of the country. The move was initiated by RICS (Royal Institution […]
Real estate sector is always seen as backbone of Indian economy. This sector was ignored by investors for a long time. But now a days, it is the most favorable investment option in India. The popularity of real estate in India can be determined from the fact that to buy a piece of land in […]
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. […]
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Also tagged Bangalore, Cushman, Development Agreements, India, Internal Rate Of Return, Landowners, Parameters, Private Equity Partners, Rate Of Return, Realty Cos, Wakefield
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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, Pradeep Jain, 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, Pradeep Jain, Real Estate Developers Association, Real Estate Sector, Realty Cos, Realty Firms, Residential Market
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November 18, 2008 – 3:44 am
Unitech repays Rs 200-crore loan to Indiabulls Financial Real estate player Unitech has managed to raise around Rs 200 crore through partial monetisation of assets and internal debt restructuring within the group to pay back the 45-day debt taken from Indiabulls Financial Services (IBFSL). The deadline to pay back the debt was November 17. Sources […]
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Also tagged Assets, Avenues, Bombay Stock Exchange, Collaterals, Debt Restructuring, Escrow, Gurgaon, Home Loan Rates, Indiabulls Financial Services, New Delhi, Private Equity, Real Estate Sector, Saket, Slowdown, Unitech
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November 14, 2008 – 1:23 am
Finance minister P Chidambaram assured real estate developers that government will impress upon banks to accelerate lending to realty, which is facing one of the worst slowdown in the recent times. A delegation of builders under the Confederation of Real Estate developers’ Association of India (CREDAI), met Chidambaram on Wednesday to complain against banks’ reluctance […]
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Also tagged Affordability, Confederation, Credai, Delegation, Emi, Estate Assets, Finance Minister, Home Loan, Liquidity, P Chidambaram, Real Estate Developers Association, Real Estate Finance, Slowdown, Steep Rise, Weightage
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November 3, 2008 – 1:46 am
With banks reluctant to lend to the real estate sector, developers are looking at alternative instruments of funding such as lease discounting for completing ongoing projects, especially the commercial ones. The sector, which has been hit by the global financial crisis, has seen more than a 60% fall in demand in the last six months, […]
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Also tagged Allahabad, Bank Loans, Chamaria, Commercial Projects, Credai, Global Financial Crisis, Lease Agreements, Ongoing Projects, Psu Banks, Real Estate Sector, Realty Companies, Residential Projects, Sbi Capital Markets, Sources Of Funding, Uco Bank
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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, Pradeep Jain, Productive Sector, Property Sector, Rate Regime, Sanjay Verma
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October 23, 2008 – 5:38 am
Home buyers appear to be waiting for a ‘crash’ in realty prices. Offers such as, waiver of stamp duty and registration charges, free lifestyle home or modular kitchen and free parking, have failed to boost home sales. Unless developers are willing to reduce prices by at least 25-40% to affordable levels, home buyers are likely […]
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Also tagged Club Membership, Conversion Rate, Home Seekers, Housing Finance Companies, Housing Industry, Kohinoor, Mantri, Modular Kitchen, Property Exhibition, Registration Charges, Thane
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October 21, 2008 – 2:10 am
Potential home buyers, who have been deferring their purchase decisions, may have to wait till April-May to get a good deal. The ripples of the ongoing financial crunch, coupled with mounting pressure from various other circles, will peak between January and March. That’s when many developers will be forced to sell the unsold stock at […]
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Also tagged Current Market, Economic Prospects, Festive Season, Financial Crisis, Financial Crunch, Global Financial Turmoil, High Interest Rates, Home Buyers, Jones Lang Lasalle, Jones Lang Lasalle Meghraj, Market Scenario, Parel, Puri, Ripples
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October 1, 2008 – 7:29 am
Omaxe, one of the largest real estate developers on Oct. 1, 2008 announced that the company’s subsidiary Omaxe Infrastructure and Construction (P) bagged an order worth Rs 907.10 million from Hindustan Zinc. The order is for the development and construction of township for the new zinc smelter plant at Dariba, Udaipur of Hindustan Zinc. The […]
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Also tagged Drainage Water, Guest House, Horticulture, Lawns, Omaxe, Pool Surface, Shopping Centre, Smelter Plant, Station Water, Street Lighting, Surface Transportation Program, Swimming Pool, Udaipur, Wastewater Treatment Plant, Water Harvesting, Zinc Smelter
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September 27, 2008 – 12:38 am
Indian real estate sector is going through a big slump. Not only Indian but real estate sectors around the world are facing slump. Property dealers are registering big losses. Biggest example of loss in real estate sector is DLF Group whose share prices have gone down up to 76% on BSE. Because of slump real […]
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Also tagged Bmw Car, Bmw Price, Bse, Ceos, Estate Customers, Free Car, Free Membership, Greater noida, Luxury Flats, Mds, Mncs, Real Estate Developer, Real Estate Group, Real Estate Sector, Real Estate Sectors, S Real Estate, Share Prices, Slump
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September 5, 2008 – 1:20 am
KOLKATA: Land prices have skyrocketed on Kona Expressway and stretches of National Highway-2 and National Highway-6. Call it the Singur ripple effect or impact of other projects like the DLF township project in Dankuni and logistic hub on Kona Expressway, land prices have risen at least six fold in the past four years. Many brokers […]
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Also tagged Beeline, Big Houses, Car Plant, Ciputra Group, Highway 6, Hooghly, Howrah, Industrial Landscape, Poor Infrastructure, Ratan, Small Car, Stalemate, Tata Motors
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August 28, 2008 – 5:46 am
Pune: Twelve city-based real estate developers are in the dock with the income tax department for wrongfully claiming a 100% waiver, under 80-I-B10, on low-cost government housing schemes. The I-T department said these developers claimed false tax waivers worth Rs 65 crore, but declined to disclose the identity of the erring builders. “We will be […]
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Also tagged Cash Cards, Chief Commissioner, Financial Consultants, Government Housing, Housing Schemes, Impact Tax, income tax, Income Tax Department, Innovative Ideas, Itz, Market Slowdown, Pune Region, Tax Collections, Taxpayers, Waivers
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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 […]
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Also tagged Accruals, Affordable Housing, Chennai Hyderabad, Coimbatore, Housing Projects, Infrastructure Ltd, Jaipur, Kochi, Kolkata, Low Cost Houses, Mysore, Omaxe, Private Equity Funding, Private Equity Funds, Puravankara Projects, Puravankara Projects Ltd
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August 21, 2008 – 5:13 am
Leading hotel chains and top real estate developers are understood to be bidding for the beleaguered UK investment group Dawnay Day’s four-star hotel chain Ten Hotels and other real estate assets in India. ITC, Royal Orchid, Pride Hotels, Sarovar group, Lemon Tree, DLF and Paraswanath have made a pitch for the deal, which is valued […]
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Also tagged Business Restructuring, Construction Activities, Dawnay Day, Dlf, Estate Assets, Four Star Hotel, Hotel Chains, Investment Bankers, Investment Group., Jaipur, Lamba, Leading Hotel, Lemon Tree, Mandeep, Suitable Buyer, Top Real Estate Developers, Uk Investment
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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 […]
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Also tagged Barasat-Raichak Expressway, Diamond Group, Eden City, Estate Projects, Housing Projects, Infrastructure Projects, Property Exhibition, Rajarhat, Real Estate Developers Association, Residential Projects, Road Infrastructure, Salim Group
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Cento International Investments, UK based real estate consultants have organized ‘Invest India Tour London 2008 to showcaseinvestment potential in India.’ Cento along with Baron Group International, a UK based property investment company and E- eighteen, the marketing division of Network eighteen have organized this tour which they say will provide a platform for real estate […]
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Also tagged Baron Group, Carribean, Dubai, Foreign Investors, India Tour, International Investments, Lucrative Investment, NRI, Property Investment Company, Real Estate Consultants, Real Estate In India, Spain Portugal, Tour London
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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 […]
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Also tagged Dynamic City, Economy Of India, Entire World, Haryana, India, Kolkata, Metropolitan Cities, Nariman Point, Ncr, Property Developers, Real Estate Boom, Real Estate In India, Real Estate Sector, Shopping Malls
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SunTechnics India, a brand of the Conergy Group, a leading international supplier in the field of solar system integration, has completed the design and installation of India’s first green housing project facilitated with building-integrated solar power. The 58 kilowatt project was developed in partnership with the West Bengal Renewable Energy Development Agency (WBREDA) as an […]
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Also tagged Architectural Applications, Building Integrated Photovoltaics, Energy Cost, Energy Efficiency, Green Energy, Housing Project, Photovoltaic Systems, Renewable Energy Development, Renewable Energy Technologies, Solar Architecture, Solar Modules, Suntechnics, Wbreda, West Bengal
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Real estate developers like Lodha, DLF, Unitech and Raheja have begun ramping up their presence in Business school campuses in the past two years in a move to have a more professional image. The move coincides with the growing interest of business school graduates in the real estate sector. The real estate firms have sold […]
Foreign investors may shun the Indian real estate market as lower asset prices in the US and the potential to earn better returns skew the risk-reward equation against emerging markets such as India. Mr. S Sriniwasan, CEO, Kotak Real Estate Fund, said, “Real estate developers face a double whammy of slowdown in the overall growth […]
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Also tagged AIG, asset, buy, Citi venture, Foreign investor, Fund, India, Land, Market, Mumbai based real estate, Real Estate, Slowdown
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There is going to be a major price correction in the real estate market in the subsequent three months. Land owners and builders are holding on to the selling price of their properties due to the ongoing monsoon but post-monsoon, prices would nose-dive 15-20%. Builders and property consultants preach that monsoon season is considered to […]
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Also tagged Akruti, Bangalore, Bank Loans, Jones Lang Lasalle, Land Acquisition, Land Deals, Monsoon Season, Mumbai, Property Consultants, Real Estate, Real Estate Developer
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