December 15, 2008 – 4:28 am
Realty stocks gathered momentum Monday on media reports that state-run banks will unveil special home loan plans as part of the federal government’s stimulus package.
Under the package to be announced by the Indian Bank Association, housing loans up to Rs 500,000 will be priced at 8.5%, and borrowers in the 5-20 lakh category will have [...]
By rajani
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Posted in Property News
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Also tagged Borrowers, Dlf, Home Loan, Housing Loans, Loan Insurance, Loan Plan, Margins, Realty Stocks, Segments, Stimulus Package, Unitech, Upfront Payment
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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 [...]
September 12, 2008 – 5:47 am
Sobha Developers has launched the ‘Sobha Scarlet’ project in Mysore. The project will be developed in 14.2 acres of land and will have 83 villas. It will also have amenities like club house, spa, tennis court, swimming pool, gym, squash court, multi purpose hall, cards and carom room, library and other modern amenities. The company [...]
By rajani
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Posted in Property News
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Also tagged Amenities, Cards, Club House, Corporate Purposes, Crore Rupees, Multi Purpose Hall, Residential Developers, Residential project, Room Library, Spa, Squash Court, Swimming Pool, Tennis Court, Working Capital
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The Board of directors of Sobha Developers Limited approved the unaudited financial results of the company for the quarter-ended June, this year.
Sobha Developers recorded a 24% growth in net profit during the first quarter of the 2008-09 financial year. Its net profit for the quarter stood at Rs 50.5 crores, up from Rs 40.8 crores [...]
March 18, 2008 – 12:15 pm
As home sales continuously going downward, real estate developers are changing their strategy and showing more interest in luxury home segment by targeting non-resident Indians and high net worth individuals keen on buying that exclusive villa in India. Such business strategy also seems to be supported by market as demand in the luxury home segment [...]
January 30, 2008 – 1:10 am
MUMBAI: The Reserve Bank of India’s (RBI) assessment not to slash interest rates has spooked real estate business facing the brunt of a housing business slowdown caused by the high cost of mortgage financing. RBI, on Tuesday, decided to keep interest rates unchanged in its third-quarter monetary policy review. Real estate companies were expecting a [...]
January 28, 2008 – 7:06 am
Sobha Developers is coming up with a residential project of 156-unit on the outer ring road Hebbal in north Bangalore. The project coming up on a 4.5 acre patch located behind the BEL corporate office on the outer ring road will attract a market-estimated investment of over Rs 100 crore. Mr. Raghav Menon, [...]
By rajani
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Posted in Property News
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Also tagged Apartment, Bangalore, Houses, Investment, Investment Project, Menon, outer ring road, Raghav Menon, Residential project, Residential Projects, Residential Space, Sobha Petunia
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