Monthly Archives: January 2013

Koramangala Emerges As A Better Home Destination

Koramangala, an outskirt located in the South-East part of Bangalore, has become a better home destination as it offers easier access to many commercial hubs of Bangalore.

If you ask someone to tell what the importance Koramangala has, you will surely get vast number of answers. Some of them may be its closeness to many commercial hubs located in the Central, East and Southern regions of Bangalore or its easy connectivity to the Metro city. Read More »

Indian Realty Market To See Huge Foreign Investment: JLL

According to Jones Lang LaSalle, a leading global real estate consultancy firm, Indian realty market will see a huge amount of investment by the foreign investors.

Global real estate consultancy firm Jones Lang LaSalle reported that foreign investors will invest huge amounts in Indian realty market. According to the global consultancy firm nearly $4-5 billion will be invested in the Indian realty market.

Indian metros like Bangalore, Delhi and Mumbai have always remained as a better investment option for the investors. This time too, the story is not much different as these metros of India expect to receive a huge investment, $4-5 billion approximately, from the foreign investors. Read More »

Spice Global Keen On Entering Hospital & Realty Biz

Real estate has been one of the most booming businesses in India. Seeing the blooming nature of real estate, many Corporate have stepped into real estate business. Spice Global’s entry into the field is one of the latest of all.

The blooming nature of real estate and hospital businesses has attracted many Corporate. Finally Indian mobile giant Spice Global also has stepped into the real estate and hospital businesses recently. As their first investment Spice Global will invest Rs.250 Cr in Saket City Hospital. Read More »

Let Housing Segment Be Given Infrastructure Status; NAREDCO

With the aim to gain tax-benefits, the National Real Estate Development Council demanded that the housing segment should be given infrastructure status.

The National Real Estate Development Council, NAREDCO, knows it well that if the housing segment is given infrastructure status they can obtain many tax-benefits. With this aim the national council has raised the demand for including housing segment in the list of entities with infrastructure status. Read More »

Hyderabad Termed The Most Affordable Residential Market

With the increased production of affordable housing units, Hyderabad is termed as the most affordable residential market among all metro cities of India.

There has been a steady increase in the number of affordable housing units in Hyderabad. With increased demand and fresh launches of affordable housing units, Hyderabad has become the most affordable residential market among all metros of India.

With the IT and ITeS boom in the city, Hyderabad has become a popular and favorite home – destination. Global real estate consultancy firm Knight Frank’s report has ranked Hyderabad on the top. The builders, competing each other to develop affordable housing projects, made the city more affordable. Read More »

MTNL Monetizes Real Estate Assets To Raise Rs.5000 Cr

Mahanagar Telephone Nigam Limited (MTNL) has planned to monetize its prime real estate assets to raise Rs.5000 Cr.

The state- run telecom provider MTNL has approached a real estate consultant with their plan to monetize real estate assets. MTNL hopes to raise around Rs.5000 Cr through divesting their real estate assets.

As per the plans of MTNL, the state- run telecom provider will divest its prime properties in Delhi and Mumbai. They have already approached a global real estate consultant firm for the purpose. Read More »

Faridabad MP Avtar Singh Bhadana; Shadowed by Land Scam

Bhadana, Faridabad MP, has been alleged of land scam which has, in fact, shadowed him.  Faridabad has become hotter these days due to the better real estate growth in the area.

Faridabad MP Avtar Singh Bhadana is alleged to intrude the land of Faridabad Municipal Corporation (MCF). Besides Mr. Bhadana, land scams are raised against the state Revenue Minister Mr. Shiv Charan Sharma and Chief Parliament Secretary (CPS) Mrs. Sharda Rathore.

A petition which alleged Mr. Bhadana to illegally intrude MCF land was filed in the High Court of Punjab and Haryana. Hearing the allegation, the High Court has issued a notice of motion to the Haryana government and others. Read More »

Supreme Court Refuses To Hear Sahara’s Review Appeal

Sahara’s appeal to review the refund – case was turned down by the Supreme Court which said that there are no valuable reasons for the review.

Sahara had appealed to the Supreme Court to review the penalty imposed on the firms. Earlier in 2012 June, Supreme Court had fined Sahara Housing Investment Corporation Ltd (SHICL) and Sahara India Real Estate Corporation Ltd (SIRECL) for raising investments from nearly 3Cr investors through OFCDs.

Both the Sahara firms asked the Apex Court for more time to pay off the debt. Later when they were granted more time to pay off, they stated that they had already repaid their investors. Read More »

ICICI Accumulates $ 700 Million As Realty Fund

One of the major Indian private equity firms, ICICI Venture, raised a fund of $ 700 million last year through real estate funds and other similar funds.

One of the major Private Equity firms of India ICICI Venture raised nearly $ 700 million informs of real estate funds and other similar funds. This is the second real estate fund of the Private Equity major.

The first fund was successfully invested into two projects in the National Capital Region and Mumbai. The NCR project is a group -housing project and the Mumbai project is a top- end luxury project. Read More »

Real Estate Shares Stoop Down: Investors Troubled

Stock experts opined that real estate shares face severe pressure to sell off. This was all the more infuriated by BSE closing its real estate index at 1,822.14 after a 3% drop.

Stock market witnessed severe pressure for real estate shares to sell off.  7.8 % inflation of September had hurt the real estate investors’ sentiment. This was all the more increased by the profit-booking. The 7.8 % inflation of September was the ten- month highest in the year.

The real estate shares faced the worst fall. All other sectors performed better than real estate shares. The shares of all real estate majors like DLF, Unitech etc. faced severe setback. DLF shares were priced Rs.208 after declining by 4.3%. Shares of Unitech were sold at Rs.25.65 with a 4.8 % decline. Read More »

Property Investments In Tier 2 Cities Are More Profitable

With better growth rate and existing lower property prices, tier 2 cities have become more profitable destinations for property investments. Due to many reasons property investments in such cities are more profitable and preferred now.

The tier 2 cities of India now offer better returns to the investors and so the property investors of India prefer tier 2 cities to metropolitan cities. The property investments in such cities are showing an upward move while the same is showing a downward growth in the major cities. Read More »

LICHFL To Raise Rs.1000 Cr Real Estate Fund Thru ECBs

LIC Housing Finance Limited (LICHFL) will raise Rs.1000 Cr thru ECBs for residential development.

The Housing Finance Limited, a subsidiary wing of insurance giant LIC, will raise Rs.1000 Cr through external commercial borrowings (ECBs). An official of the LIC Housing Limited revealed that the fund will be residential – development oriented.

CEO of LICHFL Mr. V.K. Sharma informed the media that the firm plans to raise a fund around Rs.700 to Rs.1000 Cr through ECBs. Yet he said that the decision will be finalized only after the firm’s talk with the Central bank. Read More »

Real Estate Scam Worth Crores Uncovered In Noida

Recently Noida Authority unearthed Rs.3800 Cr worth Real estate scam in Noida. The sources revealed that the real estate scam took place during the BSP regime in the state.

Noida Authority recently came up with a real estate scam worth Rs.3800 Cr. The sources close to Noida Authority revealed that the scam took place while the BSP was ruling the state. Yet the BSP state is said to be misled by the then officials who are under suspension now.

Once the Real Estate Scam was unearthed by Noida authority, Noida real estate proved that it has been under the hands of land intruders. Being a hot real estate destination there is always a higher demand for land in the city. Real estate builders are after the land parcels of Noida as the area offers better and higher returns to the real estate developers. Read More »

Real Estate Scam Alleged: Stains Hooda’s Son–In-Law

Haryana CM Bhupinder Singh Hooda’s close kinsmen have acquired real estate properties in the state in vast quantities. Many of these real estate dealings are finger- points to politicians’ illegal relations with real estate builders.

Hooda's son in law under the shadow of real estate scam

Will Hooda’s son- in- law receive his brightness shadowed by real estate scam allegation?

Haryana is highly sought after by real estate builders because it is one of the most fertile lands for real estate. Haryana Chief Minister Bhupinder Singh Hooda’s many kinsmen run various firms in the state.

Hooda’s Son–in-law runs Havelock Developers Pvt Ltd. It was founded in the year 2007 as a sub-firm of Unitech builders with full ownership rights. Havelock acquired vast land parcels in many parts in the state especially in Gurgaon. At present the firm has land parcels in Fazilpur and Badshahpur areas of Gurgaon. Read More »