PAs the Real Estate Industry of the country gains pace after the slowdown, many different firms plan to foray into the sector. One among them is the Global Lighting Controls Major LUTRON. Lutron which is present in the country for more than 10 years is likely to enter into the residential apartment space. Till now […]
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Also tagged Apartment Space, Foray, Global Lighting, Hospitality Sector, Lutron, Nascent Market, Residential Apartment, Residential Apartments, Residential Projects, Residential Space, Volume Business
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December 2, 2008 – 8:30 am
Its raining discount here in Bangalore on residential projects being developed by Sobha Developers. Residential demand in Bangalore is currently sluggish. Although the company plans to launch one new project in Bangalore in Fiscal year 2009, given the slowdown in demand, the company has pushed back time lines of its other planned projects. The company […]
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 Developers, Real Estate Sector, Saket, 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, Real Estate Developers Association, Real Estate Finance, Steep Rise, Weightage
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October 31, 2008 – 5:53 am
With the festive season of Diwali just past us, developers are going hammer and tongs at wooing prospective homebuyers with more and more special offers. However, if sources are to be believed, these discounts and gifts have only come about because the real estate market is heading for correction in a big way. Sources say […]
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, Real Estate Sector, Realty Firms, Rohtas, Scrip, Share Buyback, Stock Broking, Tax Payments, Unitech
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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 […]
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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, Real Estate Sector, 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, Real Estate Sector, Realty Companies, Residential Segments, Sector Business, Sums Of Money, Visible Indication
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September 2, 2008 – 1:04 am
With Gujarat’s realty market showing signs of a slowdown, the Gujarat Institute of Housing and Estate Developers (GIHED) has its fingers crossed that the just concluded 3-day property show at World Gujarati Conference (WGC) will help keep the market afloat by raking in NRI business of around Rs 1,000 crore by March 2009. The 50-odd […]
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Also tagged Ahmedabad, Architect, Bungalows, Businessman, Conference Participant, Crore, Desai, Gujarat, Gujrat, Investment Destination, Parshwanath Realty Pvt Ltd, Peek, Princeton Nj, Realtors, Realty Market, Wgc
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August 11, 2008 – 12:34 am
The propensity of property cancellation in the city has surpassed statistics of several other leading cities in the country. With almost 15% to 20% slide in the real estate demand across the country, the scene in Pune too is no different and developers have already started feeling the pinch. “The real estate market across India […]
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Also tagged Bangalore, Banking System, Bookings, Cancellations, Downturn, Executive Director, India Statistics, Indian, Kmpg, Perception, Phenomenon, Propensity, Pune, Slump
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RBI decisions to hike two key policy rates are expected to affect stocks of companies from sectors like banking & financial services, and real estate more than any other sector since these sectors are more vulnerable to higher interest rates than others . However, given that most stocks from these sectors are already badly hammered […]
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Also tagged Allahabad Bank, Auto Sector, Bank Of India, Excessive Speculation, Home Loan Rates, Inflation, Interest Rate, Money Interest, Real Estate Sector, Religare Securities, Silver Linings, Stockbroking, Stocks Market, Union Bank, Union Bank Of India
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Faced with a slowdown and increased competition, real estate players are trying to re-invent themselves by focusing on ‘personalized selling’. Refusing to be lost in the clutter of ‘look-alike offerings’ in the real-estate market, a section of leading developers engaged in constructing properties in Bangalore, Mumbai, Hyderabad, Goa and Chennai is trying to carve out […]
India’s emergence as a leading IT and ITES destination has witnessed a huge demand for high quality office space. Again, the dependence on one sector could also have a serious impact. Knight Frank’s Vakil said that there is already a slowdown as far as commercial property is concerned. The scenario presents a few interesting constituents. […]
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Also tagged Bangalore, Commercial Plots, Commercial Space, Future Group, Hyderabad, India, Kishore Biyani, Knight Frank, lease, Office Space, Outright Purchase, Residential Plots, Vakil
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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, Real Estate Developers
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According to experts, the killing in stock markets, where realty stocks have taken a beating along with the rest, may speed up the slowdown in the real estate market over the next six months. Balaji Rao, managing director, Starwood Capital India Advisers, said, “The market is already slowing as high property prices have affected sales”.
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Also tagged Credit Suisse, Debt Markets, developers, India, Omaxe, Parsvnath, Puravankara, Real Estate Market, Realty Investors, Realty Stocks, Stock Markets
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