September 16, 2009 – 10:55 am
The revival of riches in the real estate sector has encouraged textile companies with huge land banks to enter into property development.
Among such companies are textiles major Bombay Dyeing and Century Textiles.
Golden Tobacco, manufacturer of the Panama and Chancellor cigarette brands, is also considering to have its real estate arm to utilize its land assets [...]
Photo by thinkpanamaGlobal real estate giant IREO will invest 500 million dollars in various infrastructure projects in India.
IREO is already one of the largest investors in the country’s real estate sector. The company currently has thirteen projects and is in the process of constructing an IT SEZ in Pune. The company has projects in many [...]
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 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, [...]
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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, Real Estate Developers Association, Townships
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December 30, 2008 – 12:19 am
Is this the right time to invest in real estate sector? Besides ones personal situation, the external factors that influence this decision are real estate prices and interest rates.
On the interest rate front, market signals are positive. Most public sector banks have cut their benchmark prime lending rates by 0.75% to 12.5% effective January 1, [...]
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Also tagged Anuj Puri, Buying A House, Current Market, External Factors, Finance Company, Genuine Need, Hdfc, Jones Lang Lasalle, Market Signals, Mortgage Finance, Personal Situation, Prime Lending Rates, Public Sector Banks
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December 23, 2008 – 2:15 am
The Reserve Bank of India recently started approving applications from foreign venture capital investors (FVCI) that were kept on hold for a considerable period of time. While this led to some excitement among the applicants, it was short-lived.
In what has surprised the venture capital firms, the approval letters issued by RBI to FVCIs provide for [...]
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Also tagged Approval Letters, Bank Of India, Biotechnology Information, Chemical Entities, Employment Generation, Favorable Investment Environment, Foreign Direct Investment, Generation Capabilities, Growth Phase, Income Tax Act, Innovation And Technology, Investing In Real Estate, Poultry Industry, Reserve Bank Of India, Unnecessary Obstacles, Vc Funds, Venture Capital Firms, Venture Capital Investors
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December 22, 2008 – 12:26 am
Mauritius-based Landmark Special Opportunities Company (LSOC) and Landmark Real Estate Fund (LREF) are picking up around 60% stake in Kolkata-based realty company Forum Ventures for close to Rs 100 crore, a person involved in the transaction said.
The transaction involves issue of 10 crore fresh equity shares and transfer of the same to the two Mauritius [...]
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Also tagged Crunch, Estate Projects, Eta, Forum Group, Forum Project, Holding Company, Investments, Landmark Real Estate, Lsoc, Real Estate Lease, Realty Company, Rental Property Management, Sector Forum, Stock Market, Subco
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December 16, 2008 – 2:33 am
The Union government’s recently announced stimulus package, coupled with the Reserve Bank of India’s (RBI) move allowing banks to provide special treatment to the real estate sector are likely to change the fortunes of Indian real estate sector, which has been struggling to survive for the past six months. Monday’s interest rate cut on housing [...]
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Also tagged Accruals, Bank Of India, Excise Duty, Housing Loans, Industry Officials, Land Banks, Land Parcels, Liquidity, New Highs, Policy Initiatives, Priority Sector, Reserve Bank Of India, Stimulus Package, Union Government, Value Loans
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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) [...]
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 [...]
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Also tagged Confederation, Credai, Delhi Chapter, Economic Sentiment, Emaar Mgf, Home Buyers, Parsvnath Developers, Pradeep Jain, Real Estate Developers, Real Estate Developers Association, 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 at [...]
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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 Developers, Saket, Slowdown, Unitech
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November 17, 2008 – 4:31 am
It seems that the Reserve Bank of India’s move to ease lending to real estate hasn’t augured well with the banking sector. The apex bank effectively reduced the tax on lending to the real estate sector, which means banks can now more freely lend to the realty sector.
Considering the slump in the real estate sector [...]
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Also tagged Apex, Apex Bank, Assembly Election, Axis Bank, Bank Of India, Banking Sector, Cfp, Dips, Global Markets, Icici Bank, Npas, Obscurity, Private Sector Bank, Reserve Bank Of India, Respite, Sensex, Slump, Sop, Union Bank
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November 10, 2008 – 12:22 am
The real estate sector in India may have seen its best time for the next several decades. The real estate markets now heads downward, as people cannot make their mortgage payments.
OP Bhatt, chairman of State Bank of India (SBI), the country’s largest bank, expects 50% correction in the housing sector prices in the country. “In [...]
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Also tagged Bank Of India, Banking System, Best Time, Credit Crunch, Global Banking, Metropolis, Mortgage Markets, Mortgage Payments, Mumbai, Paradigm Shift, Residential Mortgage, Residential Sectors, Sbi, State Bank, State Bank Of India, Subprime Mortgage Market
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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, say [...]
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Also tagged Allahabad, Bank Loans, Chamaria, Commercial Projects, Credai, Global Financial Crisis, Lease Agreements, Ongoing Projects, Psu Banks, Real Estate Developers, Realty Companies, Residential Projects, Sbi Capital Markets, Sources Of Funding, Uco Bank
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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, [...]
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Also tagged Business Sense, Education Health Care, Financial Services, India, Indian Economy, Infrastructure, Investment Interest, Investment Opportunities, Investors, Logistics Warehousing, Private Equity
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October 22, 2008 – 5:17 am
The real estate sector in India has grown 30% to 35% during the last five years, reflecting the rapidly-increasing demand for office, commercial and industrial space, as well as bigger homes now considered within the range of India’s prospering working classes. But the economic juggernaut has been slowing since earlier this year due to double-digit [...]
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Also tagged Cash Discounts, Cushman And Wakefield, Global Slowdown, Growth Estimates, Home Loan Rates, India Home, Industrial Space, Multinational Corporations, Real Estate Consultants, Selling Insurance, Sub Prime Crisis, Taking Possession
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September 30, 2008 – 1:32 am
Major real estate players including DLF, Unitech, Parsvnath and Omaxe appear to have taken a sharp hit with the slowdown in the economy as their advance tax payments have fallen sharply. Faced with lower sales and liquidity crunch, DLF hasn’t paid any advance tax in September of this financial year, compared to Rs 37 crore [...]
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Also tagged Ansal Properties, Baliga, Current Market, Dlf, Goel, Hdil, Industry Executive, Liquidity, Market Scenario, Parsvnath, Previous Announcement, Realty Firms, Rohtas, Scrip, Share Buyback, Slowdown, Stock Broking, Tax Payments, Unitech
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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 Developers, Real Estate Group, Real Estate Sectors, S Real Estate, Share Prices, Slump
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September 26, 2008 – 11:06 am
The recent financial debacle in the US has sent shock waves across the globe and is also projected to impact the Indian real estate sector directly or indirectly. Adequate and timely funding would be a major concern for developers. Already, there are indications of investors withdrawing their funding. While big players consider this shake-up as [...]
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Also tagged Collapse, developers, Financial Debacle, Financial Institutions, Global Property, Globe, Indian Real Estate, Investors, Meltdown, Property Consultants, Real Estate Companies, Shock Waves, Stocks, Temporary Phase, Tsunami
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September 11, 2008 – 6:48 am
Describing the current bearish trend of the real estate sector a ‘transitory slowdown’, consultancy firm Ernst and Young said that the outlook of the sector is still ‘positive’ in the medium-to-long term.
“Ernst and Young believes that the market is witnessing a transitory slowdown. However, considering the opportunities present as well as the strong economic fundamental [...]
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Also tagged Amp, Bearish Trend, Corporatisation, developers, Emergence, Fundamental Drivers, Global Markets, Innovative Products, Mechanisms, Momentum, Niranjan, Outlook, Profit Margin, Profit Margins, Slowdown, Summit, Transparency
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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 [...]
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Also tagged Affordable Housing, Business World, Construction Companies, Consumer Confidence, Euphoria, Housing Projects, Low Interest Rates, Luxury Apartments, Realty Companies, Residential Segments, Sector Business, Slowdown, Sums Of Money, Visible Indication
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September 6, 2008 – 6:25 am
Joseph Cyril Bamford (JCB) India, the country’s leading construction equipment manufacturer, sees flat revenues this calendar year due to a slackening of growth in realty and a spurt in input costs.
Over the last four years, the company’s yearly growth has been at an average of 30%. JCB India’s topline increased from Rs 2,100 crore in [...]
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Also tagged Bamford, Concrete Plans, construction equipment, Cyril, Diesel Engines, Equipment Manufacturer, Excavators, Flat Revenues, Global Portfolio, Global Revenues, Heavy Engineering, India Exports, Indigenous Products, Jcb, Mother Plant, Pune Plant, Southeast Asia.
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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 [...]
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Also tagged Better Sense, Commercial Advantage, Eco Office, Foray, India, Indian Real Estate, Jaipur, Joint Venture, Launch, Managing Director, Manesar, Millennium Spire, Newsmen, 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 [...]
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Also tagged Coimbatore, Commercial Areas, Edge Project, Estate Projects, India, Investments, Joint Venture, Managing Director, Manesar, Millennium Spire, Millennium Spire Ltd, Private Equity Firm, Public Private Partnership, Singapore, State Governments, Townships
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August 27, 2008 – 2:58 am
Investing in the Indian real estate sector continues to grow, however the pace may be slowing just a little. Foreign developers as well as private equity funds remain bullish, long-term, on India’s property market.
Not only is investment flowing into the metro cities, but attractive real-estate deals are also being negotiated and signed in ’second-tier’ cities [...]
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Also tagged Attractive Investment, Attractive Values, Capitalisation, Combination Of The Two, Commercial Premises, Construction Development, Educational Institutions, Estate Deals, Foreign Direct Investment, Foreign Investors, Government Approval, Indian Parties, Investing In India, Metro Cities, Private Equity Funds, Regional Level, S Real Estate, Sector Investment, Square Meter
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