Aided by revenues from mid-income houses, net profit of property developers, such as Unitech and Puravankara Projects, rose in the first quarter of FY09, beating analyst expectations.
Unitech, the country’s largest listed developer, posted a 15.7 % growth in net profit during the quarter, mainly due to higher realisations the company made in the mid-income segment [...]
By manish
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Posted in Real Estate News
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Tagged Chennai, Dlf, Housing Projects, Income Tax Exemptions, Infrastructure Projects, Leading Property, Property Developers, Pune, Puravankara Projects, Residential Projects, Unitech
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Real estate firm Sunil Mantri said that it will invest Rs 2,000 crore on developing a 2,000-acre residential project in Gwalior over the next decade.
The company signed an MoU with the Special Area Development Authority, Gwalior, to carry out the project under public-private-partnership model, the company said in a statement.
As per the MoU, the realty [...]
By Rajani
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Posted in Real Estate News
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Tagged Commercial Spaces, Gwalior, Housing Units, Mantri, Mou, Multiplex, New Projects, Public Private Partnership, Real Estate Firm, Realty Firm, Residential Project, Shopping Mall
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The question that bothers a lot of prospective home buyers is whether they will miss the bus if they wait any further. However, the right question should be: Can I afford to buy a house today? Even if you are one of those blessed ones, the thought should be: Is it a fair price for [...]
By Rajani
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Posted in Real Estate News
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Tagged Blessed Ones, Can I Afford To Buy A House, Disposable Income, Driving A Car, Emi, Fluctuation, Gross Income, Incomes, Inflation, Lakh, Living Expenses, Loan Size, Low Interest Rates, Prospective Home Buyers, Real Estate Boom, Registration Charges, Right Question, Rs 1, Rs 50, Stamp Duty
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Red Fort Capital, a private equity fund focused on real estate development, is in advance stages of negotiations with six developers for an equal number of projects worth Rs 4,000 crore in the metros across India.
The PE fund joined hands with Godrej Properties to develop an IT park in Kolkata, where Red Fort Capital has [...]
The cloud on real estate mutual funds (REMF) has lifted. The finance ministry has brushed aside RBI’s concerns of REMFs violating foreign direct investment (FDI) norms in the realty sector. North Block has said the central bank’s concern stating that REMF scheme notified by Sebi in April contradicted FDI norms was unwarranted.
The finance ministry view [...]
By manish
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Posted in Real Estate News
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Tagged Apex, Apex Bank, Construction Projects, Finance Ministry, Foreign Direct Investment, Initial Public Offer, Investment Avenues, Joint Ventures, Real Estate Sector, REMF, Sebi
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Leading realty developer Ansal Properties & Infrastructure Ltd said it will invest Rs 900 crore for developing a 250-acre engineering-based Special Economic Zone at Sonepat in Haryana.
By manish
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Posted in Real Estate News
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Tagged Amritsar, Ansal Properties, Ansal Properties & Infrastructure Ltd, Engineering Products, Grand Trunk Road, Indian Engineering, Industry Domain, National Economy, Realty Firm, Residential Complexes, special economic zone
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Lack of provisions in the country’s bankruptcy laws to deal with cross-border insolvency may force Western investment companies hit by global credit crunch to sell off their assets in the country at throwaway prices instead of being able to sell their worldwide assets in one go to obtain a better price.
Since Indian courts do not [...]
Private equity fund SUN-Apollo Ventures has invested Rs 300 crore for 35-40% equity in an SPV of Noida-based realty firm Amrapali group.
SUN-Apollo is a joint venture between Delhi-based Khemka family’s SUN group and US-based private equity fund Apollo Real Estate Advisors. Apollo’s development and investment portfolio is spread across US, UK, Russia and other European [...]
By Rajani
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Posted in Real Estate News
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Tagged Apollo Real Estate, Apollo Ventures, Emerging Markets, Globe Fund, Housing Project, Investment Portfolio, Jaipur, Private Equity Fund, projects, Realty Firm, Slowdown, Sun Group
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Anant Raj Industries Ltd expects profit for the year ending March 2009 to rise 30% to 40%, helped by sales of two residential projects and robust rental income.
The real-estate firm, which has most of its projects in northern India, has said it will focus on growing income from rentals. The firm reported a profit of [...]
In their bid to score over their rivals, many developers are now going abroad to hire noted architects who can design their new projects. Not withstanding the fact that currently the realty sector is seeing downward trend, still some of the noted design companies from other countries are opening their Indian offices to cater the [...]
By Rajani
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Posted in Real Estate News
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Tagged Architect Firms, Architects Of Singapore, Business In India, Downward Trend, Global Perspective, Godrej Properties, Gupta, Hok, New Projects, Niranjan, Real Estate Projects, Residential Project, Rivals, Rsp Architects
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