PropertywalaProvident Housing is a fully-owned subsidiary of the Bangalore-based Puravankara Group. Provident housing is learnt to have bought a 62-acre land parcel in the outskirts of Bangalore. The deal is believed to have been struck for a value of 150 crore rupees. The deal between Provident Housing and the seller, who is an individual, was […]
PropertywalaEmaar MGF, Godrej Properties, Lodha Developers, Sahara Prime City, Nitesh Estates and Sriram Properties will all hit the capital markets in the current year, declaring that the worst may be over for an industry that virtually cratered in the global economic storm last year. With market conditions still tight, it will be tough for these […]
The Propertywala sector appears to have found its feet with focus on affordable housing and this may reflect in the June quarter results of the companies. The move has led to higher sales for many companies, but on the other hand, it has also impacted the margins negatively. The reason being that the mid-segment housing […]
Real estate monitorThe government department responsible for the promotion of industry is proposing easier rules to allow overseas investors to be part of smaller real estate projects and lower capitalisation norms for those which involve facilities in hospitality or tourism sector. The department of industrial policy & promotion, which handles the FDI policy, in a […]
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 […]
Diversified equity mutual funds are betting big on realty, the best performing category in the past one month. The construction segment has shown the highest growth in exposure in value terms in May spurting 95.53% to Rs 7565.76 crore. Construction has now emerged as one of the most favoured sectors for mutual funds and now […]
January 6, 2009 – 3:06 am
Sahara Prime City, the real estate arm of Sahara India, has appointed different construction companies for developing residential blocks at Sahara City Homes. The projects are the part of Sahara’s chain of 217 townships to be developed across India. Each township is spread over 100-300 acres. Development of the townships is taking place in phased […]
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Also tagged Ahmedabad, Construction Work, Full Swing, Indore, Nagpur., Residential Blocks, Residential Homes, Residential Projects, Sahara City, Sahara India., Townships
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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. […]
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Also tagged Birla Sunlife, Dampener, Half Year, India, Knight Frank, Negative Sentiments, Property Consultants, Property Deals, Ripple Effect, Second Half, South Mumbai, Suburban Market, Terrorist Attacks
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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, Pradeep Jain, Rbi., Realty Market, Rohtas, Slr, Vipul
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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 […]
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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, India, Infrastructure, Security Deposit
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September 25, 2008 – 12:25 am
Expecting huge value erosion in the realty space, corporates have started to float new funds to acquire assets in the domestic property market. Corporates such as the Aditya Birla group, GMR Infrastructure, Akruti City, Bangalore-based Nitesh group and Saffron Advisors have either floated or are in the process of floating funds with corpus ranging between […]
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Also tagged Aditya Birla Group, Capital Management, City Bangalore, Corporates, Dcm, Deutsche Capital Management Ag, Domestic Banks, Due Diligence, European Investors, India Real Estate, Initial Response, Maximum Limit, Nitesh Shetty, Saffron, Vimal Shah
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September 3, 2008 – 9:34 am
Real estate firms will enter into joint development for construction projects by selling land parcels to other builders, given the drop in sales of apartments and inflationary trends. Pankaj Jaju, head-real estate practice, Enam Securities told FE, “Metros and Tier II towns having a huge pipeline of projects have witnessed a 60% drop in sales […]
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Also tagged Bandra Kurla, Bangalore, Bkc, Chennai, Construction Projects, Crunch, Enam Securities, Industry Experts, Inflationary Trends, Land Parcels, Metros, Mumbai, Pune, Puravankara Projects, Raw Material, Realty Firms, Tier Ii
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September 1, 2008 – 5:52 am
Singur may be grabbing headlines, but it isn’t the only project where the West Bengal government has ‘landed’ itself in a mess. Another storm is developing just 20 km away from Singur, where DLF is growing annoyed with its proposed Dankuni township. The real estate giant has threatened to pull out of the thirty three […]
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Also tagged Dankuni, Development Minister, District Administration, Dlf, Estate Projects, Ppp Project, Public Private Partnership, Singur, Township Project, Urban Development, West Bengal Government
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Real estate companies observes their cost of borrowing rising by 1% age point as the central bank has increased the repo rate by 0.5 % and cash reserve ratio by 0.25 %. The rate hike will push up the corporate lending rates. This, in turn, is anticipated to further strain the balance sheets of realty […]
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Also tagged Akruti City, Angel Broking, Cash Reserve Ratio, Corporate Profitability, Housing Projects, Indian Cities, Jharkhand, Power Projects, Property Arm, Property Transactions, Realty Companies, Realty Development, Repo Rate
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Delta Township just built a brand new library that recently opened. It has plenty of events being offered this year for all ages. Delta has been a thriving and dynamic community that supports education, planned growth, safety and a positive community. Delhi Township has mastered the art of balancing development and quality of life. Delta […]
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Also tagged Buying A Home, Delhi Township, Delta Township, Dynamic Community, Exemplary Schools, Growth Safety, Home Buyer, Housing Market, Investments Opportunities, Long Term Investment, Media Articles, New Library, S High School, Workouts
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Due to the depressed real estate market, all projects of small developers (grade C & D) are up for sale as no development has started because of severe cash crunch. And the big developers (grade A & B) are said to be scouting for these kinds of projects as they are proving to be more […]
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Also tagged Amritsar, Bangalore and Chennai, Chandigarh, commercial property, Indore, Karnal, Land, Mumbai, Ncr, Pune, Real Estate Investment, Residential Property, small developers
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Real estate developer Uppal Group has tied up with hospitality major JW Marriott for developing and managing two five star hotels at an investment of Rs 500 crore. “We will be investing about Rs 500 crore for developing both properties which will be managed by international chain JW Marriott Hotel,” Uppal Group CEO (SEZ and […]
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Also tagged Bansal, Five Star Hotels, Gian, Group Ceo, Hospitality, International Hotel Chain, Jw Marriott, Marriott, Marriott Hotel, Real Estate Developer, Rs 500
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Credit crunch and economic uncertainty have taken their toll on the global property market, with transaction volumes falling by 46% in the first quarter, according to a property report. Investment throughout Asia and other emerging markets continued to grow, as sales of major commercial properties globally totaled $154 billion (Dh565bn) in first quarter against $283bn […]
Summer is over but the temperature is still rising, particularly at the Philippine Real Estate Festival as it presents 24 gorgeous young women vying for the title of Miss Real Estate Philippines on July 25 at the SMX Mall of Asia. The second annual beauty pageant intensely screened over 200 young women before coming up […]
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Also tagged Basa, Beauty Pageant, Bikinis, Finance Institutions, Mall Of Asia, Outreach Projects, Philippine Economy, Philippines, Real Estate Asia, Rosemarie, Young Women
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In a move that could help curb hotel room crisis ahead of Commonwealth Games 2010, the government is considering relaxing entry restriction for foreign players in construction of hotels and resorts. It is looking at a suggestion to bring down minimum development rule of real estate from existing 50,000 sq feet to 20,000 sq feet […]
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Also tagged Ahuja, Arcades, Cabinet, Commonwealth Games 2010, Dipp, Entry Norms, Foreign Investment., High Interest Rates, Hospitality Sector, Indian Hospitality, Influx, Investment Commission, Real Estate Sector
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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 […]
Engineering and construction, L&T, currently has real estate projects worth $2 billion in hand, said sources familiar with its plans. Most of these projects are in the form of special purpose vehicles, joint ventures and contracts. The SPVs also include a Rs 2,500 crore project in Chandigarh, sources told. Separately, Larsen & Toubro announced that […]
Increasing interest rates and a declining demand may dent the realty market in India. However, the long-term forecasts for the sector continue to be good, senses the industry. At a seminar on the real estate market in India here on 27th June, most of the realty players confessed that there was a liquidity crunch due […]
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Also tagged Hedge Funds, Investing In India, Local Markets, Long Term Forecasts, Management India, Pension Funds, Private Equity, Property Management, Realty Market, Saffron, Term Investors, Term Prospects
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Indian real estate firms expect a hit on margins for the next few quarters as the central bank’s move to raise interest rates this week will push up costs and keep potential buyers away from the market. Developers, already facing a demand slowdown, have refused to lower the price line as they seek to make […]
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Also tagged 100 Basis Points, Bank Of India, Demand Slowdown, Housing Loan, Inflation, Interest Rate, Interest Rates, Managing Director, Quarters, Reserve Bank Of India, Ubs
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Maharaja Shree Umaid Mills is close to selling off its 22000 square yards of property in downtown Jaipur, which housed its registered office. According to market sources, property is fetching the company around Rs 200 crore. Mr L. N. Bangur, Chairman and Managing Director of the company, told that until the company received the consideration […]
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Also tagged Board Meeting, Gainer, Grapevine, Jaipur, Kota, Legal Dispute, Little Time, Managing Director, Market Sources, Necessary Approvals, Rs 200, Shree, Stock, Supreme Court, Surplus Property
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