The BJP has said that the draft Land Acquisition and Resettlement and Rehabilitation Bill 2011, which is now in public domain, is good but cannot be accepted in its existing format. Sangh Priya Gautam, the former Union minister said, farmer should be given the right to sell 100% of their land. In Greater Noida, the […]
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Monsoon Discounts on Buying Houses.
July 16, 2011 – 9:45 am
The monsoon is usually considered as a lean season in terms of sales for the developers. It’s not just the weather that affects the purchase of property, but also because it is considered inauspicious to buy anything for about two weeks during this period (because of shraadh or pitrapaksh). Buyers prefer to wait till the […]
Risk Factor Increases in Investing in Real Estate
May 21, 2011 – 11:23 am
The first quarter of this fiscal would be a difficult one for the real estate sector. Many of the big players in metropolitan cities have had to borrow funds to pay their installments on loans due to banks by the end of March 2011. In smaller cities and towns, the situation is not any better. […]
SBI Hikes Lending Rate by 75bps
May 12, 2011 – 4:04 pm
Country’s largest lender State Bank of India has declared a hike in loan interest rates by 75 basis points (bps), making housing, auto and other loans dearer for both new and existing debtors. State-owned SBI has increased the base rate, or the minimum lending rate, by 0.75 % to 9.25%. The new rate is effective from […]
Keerthi Estates Instigates Luxury Residential Villas in Hyderabad
April 30, 2011 – 12:15 pm
Keerthi Estates, a Hyderabad-based real estate developer with huge experience and long term operations in Hyderabad and Bangalore, has launched its premium luxury residential complex – Richmond Villas – in Hyderabad. The gated-villas project, consists 157 villas of 4BHK, is coming up over 24 acres of blossoming green land near Andhra Pradesh Police Academy circle, […]
SBI Ends Its Teaser Home Loan Schemes by End of April 2011
April 27, 2011 – 11:31 am
State Bank of India (SBI) will put to an end to its puzzled home loan schemes by the end of April 2011. The interest rates offered on its home loans will now be recalled by floating interest rate schemes, which are comparable with those offered by other commercial banks and housing finance companies. All loans […]
Smarter Way of Buying a Home.
April 18, 2011 – 1:41 pm
Profit is the keyword, when it comes to Investment and Investment in real estate rotates around purchase, ownership, management, rental and sale of property. It involves a lot of planning, especially because of the rapid changes in the economic scenario. Here’s a checklist of the things you need to keep in mind: The Location: While […]
Jaypee Group Launches Jaypee Greens Sports City in Greater Noida
November 9, 2009 – 5:24 pm
Jaypee Greens (part of the builders Jaiprakash Associates) has announced the launch of its new project of “Jaypee Greens Sports City”, a township with residential and sports facilities, near the Yamuna Expressway (connecting to Agra). “The Sports City is positioned for everyone who appreciates luxurious surroundings and spaces equipped with sports and recreational facilities,” said […]
Sarovar Hotels And Resorts Plans To Add 33 Hotels
September 9, 2008 – 3:18 am
Sarovar Hotels & Resorts plans to add nearly one lakh rooms by 2012. It plans to add 33 hotels to the existing 35 in the next four years. “We are a multi-brand hotel management company and given the growth potential in the mid-market hotel segment, our group will continue to focus on it,” said Ajay […]
Axa REIM Sets Up Asian Headquarters
September 8, 2008 – 1:13 am
Axa Real Estate Investment Managers (Axa REIM) has set up its Asian headquarters in Singapore. About 18 months after making its strategic move into Asia, Axa REIM has already invested nearly 25% of the $2 billion committed by its clients in the region. The new operations in Singapore are expected to help further build Axa […]
Big Bazaar Targeting Network Of 145 Stores By June 2009
September 5, 2008 – 3:41 am
Retail chain Big Bazaar plans to open 15 more stores by November end, some of them in new markets, at an investment of Rs 1,500-1,600 crore. With this, Big Bazaar, a subsidiary of the Kishore Biyani-spearheaded Pantaloon Group, will have 112 stores pan-India by November, a top company official said. Big Bazaar is targeting a […]
Cement Companies Transform Product Mix
September 3, 2008 – 9:30 am
With increasing cement supplies to north India, companies dependent on this market are changing their product mix from portland pozzolana cement (PPC) to ordinary portland cement (OPC) to sustain growth. OPC is used for roads and infrastructure while PPC is used in real estate projects. Shree Cement managing director HM Bangur, who runs the largest […]
Eighty Percent Of The Total Constructed Area For Financial Services In Mumbai
September 2, 2008 – 6:35 am
MUMBAI: India’s hottest property market, Mumbai, could see some shakeup in the commercial realty space. In a significant development, the Mahrashtra government has decided to allow all upcoming IT parks and IT specific buildings in the city to utilise 80% of the total constructed area for financial services, besides IT and IT enabled services. At […]
Sobha Scarlet In Mysore
August 30, 2008 – 6:18 am
Sobha Developers Ltd has announced that the Company enters in Real Estate Project “Sobha Scarlet” in Mysore on August 29, 2008. This will be developed in 14.2 acres of Land. This project will have 83 villas, out of which 49 villas will be in phase 1 of the project with 3 & 4 Bed Room […]
KFH To Invest $275 Milliion In Real Estate Project
August 30, 2008 – 6:14 am
Kuwait Finance House, the Gulf state’s biggest bank by market value, said it will invest $275 million in a real estate project in China as part of plans to boost its exposure to Asia. KFH has signed a deal with China’s Nan Hai Corp to invest in the $3 billion Peninsula real estate development through […]
Shriram Properties To Develop 15 Shopping Malls And 70-80 Budget Hotels
August 29, 2008 – 2:17 am
Shriram Properties, the real estate arm of Rs 25,000 crore Shriram Group, would launch two separate subsidiaries to promote projects in retail and hospitality segments, a top official of the company said. M Murali, managing director of Shriram Properties, said the company would develop 15 shopping malls and 70-80 budget hotels in the next 3-4 […]
Plaza Centers Signed JV Israel-based Elbit Imaging
August 27, 2008 – 2:58 am
Emerging markets property developer Plaza Centers NV said it has signed a joint venture contract with Israel-based Elbit Imaging for developing three projects in India. The three projects are in the three Indian cities Bangalore, Chennai and Kochi and would have a combined development budget of about 3.4 billion dollars, Plaza said in a regulatory […]
SEZ In Gurgaon By Raheja Developers
August 26, 2008 – 4:55 am
Realty firm Raheja Developers said it would invest about four thousan five hundred crore rupees to develop an engineering SEZ in Gurgaon over the next three to five years. This project, which is expected to create job opportunities for around fifty thousand people (including both direct and indirect) is said to have a potential to […]
Bigger Players Are Looking For Trained Agents
August 25, 2008 – 7:50 am
With the city’s real estate market being dominated by smaller and unheard of players whose actions could fright away prospective buyers, the bigger players are joining hands to give a professional touch to the realty business. “We need to bring in additional people who are properly trained agents. This can be achieved by having a […]
Government Will Acquire Land With The Consent Of The Owners
August 23, 2008 – 5:37 am
Tata Group chairman Ratan Tata’s threat to pull the Rs 1,500-crore Nano small-car project out of West Bengal in the face of violence and protests over farmland acquisition has deepened the gloom over the Left Front government’s industrialisation drive, with most of its larger and more ambitious infrastructure projects already on hold over land issues. […]
First Engineering SEZ In Haryana By Raheja Developers
August 21, 2008 – 5:08 am
Real estate developers Ansal API and Raheja Developers are attempting to tide over the gloom in the real estate sector by pursuing their special economic zone (SEZ) plans. While Ansal has announced plans for six infotech SEZs across three states, Raheja is setting up north India’s first engineering SEZ in Haryana. While Ansal will pump […]
