March 11, 2010 – 11:44 am
A Shopping MallMarch 11, 2010
You must be astonished by the growth of India in terms of rapidly increasing number of Shopping Malls. You must also doubt that where they will find so many shoppers and lodgers. But the experts claim that as compared to developed and other developing countries, the mall culture in India [...]
Photo by masckThe Braj Binani Group with a history of138 successful years is a well-diversified industrial house working actively in the core sectors of Cement, Zinc, Glass Fibre and Downstream Composite Products. Binani Cement is growing stronger and stronger and it’s reflected in the financial results as well. Mr. Vinod Juneja, Deputy Managing Director, Binani [...]
By chandrika
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Tagged Binani Cement, cement business, cement maker, Cement Plant, Commercial Real Estate, composite products, core sectors, cyclical nature, equity capital, erosion, Face Value, flagship company, glass fibre, information technology park, Joint Venture, Managing Director, mid cap, Net Profit, non ferrous metal, q3
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Photo by thinkpanama A week after the budget is announced, it has turned up to be a matter of concern for the Realty companies. Imposition of a service tax of 10% on the cost of construction hand in hand with a hike in interest rates by 0.25-0.5% the industry is looking forward to some different [...]
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 [...]
By admin
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Tagged Announcement, Apartments, Greater Noida, Jaiprakash Associates, Jaypee Greens, Jaypee Greens Sports City, Luxury Residences, Noida, Project Launch, Residential Project, Sports City, Sports City Greater Noida, Taj Expressway, Yamuna Expressway
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October 9, 2009 – 5:51 pm
Pune-based real estate developer Mr Nitin Nyati has made a foray into the hospitality segment with the launch of the Corinthians Boutique Hotel.
Mr Nitin Nyati, Chairman-Nyati Group, said, “Entering the hospitality business was a logical extension of our existing Club business. After market research and analysis, we decided to create a destination hotel.”
The group, which [...]
October 9, 2009 – 5:50 pm
Nearly a quarter of the Rs 11,665 crore funding that five real-estate companies plan to raise through IPOs will be used to re- and pre-pay debt.
Emaar MGF Land, Ambience Ltd, Lodha Developers and Kumar Urban Development have earmarked a part of the IPO proceeds for loan repayment. Sahara Prime City plans to invest the proceeds [...]
October 8, 2009 – 2:26 pm
The IndiaHome Property Exhibition, which helps the Indian get information on a range of residential real estate opportunities in India, will be held in Dubai from 9th to 11th october 2009.
The exhibition invites builders from across India to present their projects under construction and will showcase Emaar MGF, ETA Star, Hiranandani Constructions and Raheja Corporation. [...]
October 8, 2009 – 2:25 pm
An interest rate war is brewing in the home loans this festive season. Development Credit Bank (DCB) and GIC Housing offering home loans below the psychological 8%. DCB, which recently entered the segment, is offering home loans at 7.95% for loans up to Rs 5 crore at fixed interest rate for the first year and [...]
October 7, 2009 – 1:34 pm
PE investors in real estate projects are waiting for SEBI’s REIT Regulations so that they get an exit option once their investments mature.
In the absence of REIT regulations, PE investors are unable to unlock the investments made in realty projects in the last 4-5 years. An estimated 3 – 4 billion dollars investments mostly at [...]
October 6, 2009 – 4:41 pm
Oberoi Hotels and Resorts has received numerous prestigious awards. The Oberoi brand is synonymous with providing the right blend of luxury, warm service and quiet efficiency to international luxury travelers. It is acknowledged by business and leisure travelers alike as being amongst the finest in the industry.
The Oberoi Hotel, Doha will provide its guests, residents [...]
October 6, 2009 – 4:41 pm
Safexpress will invest nearly Rs 600 crore in the next two years to launch 32 logistics parks to double its warehousing space to around ten million square feet.
According to Mr Vineet Kanaujia, GM, Marketing, Safexpress, The expansion will help the company reach revenue of around Rs 1,000 crore in the next two years from Rs [...]
October 6, 2009 – 3:36 pm
The UP government is all set to give its formal nod to change in land use of reclaimed land between the Gomti barrage and the eight-lane bridge. The 8 acre of land would soon have its land use changed from open space to commercial.
The Lucknow Development Authority has already given its approval to the change [...]
October 5, 2009 – 5:40 pm
1. Doing a bit of research on the track record of builder can help.
2. For any real estate purchase it is preferable to make visits to the sites before buying them. This exercise is worth it not only because we are committing a large amount of money but also because reversing the decision proves costly [...]
October 5, 2009 – 5:30 pm
For promoting a planned and healthy real estate development of colonies and apartments in big cities, Union Housing and Urban Poverty Alleviation Ministry has drafted a bill and invited suggestions from experts.
Kumari Selja-Housing and Urban Poverty Alleviation Minister- said, “The government has taken a major initiative in the shape of a model Real Estate (Regulation [...]
October 5, 2009 – 3:23 pm
With “green shoots” becoming a byword for the ‘receding recession’, a new pattern may be emerging in the realty sector of South India — sell-out properties lock, stock and barrel, or reduce financial burden by signing up a joint venture wherever possible. This may lead to consolidation in a sector seen as rather unorganized.
The Gujarat-based [...]
October 3, 2009 – 5:34 pm
The central bank may unwind its accommodating monetary policy by hiking key rates in the first quarter of financial year 2011.
The Reserve Bank of India could resort to monetary tightening to counter the liquidity pressure that could emerge from the expected pick-up in credit in the busy October-March season and Government (both Central and State) [...]
October 1, 2009 – 2:05 pm
Real estate brokerage firm RE/MAX has commenced its Gujarat operations and plans to set up one thousand offices across India in the next five years, according to Mr Samir Chopra, Director. He said, “At present we are in Kerala, Tamil Nadu, Karnataka, Pune, Chandigarh, New Delhi and NCR. We will first go into the [...]
September 29, 2009 – 5:36 pm
Ravi Jaipuria-owned Devyani International has inked a 60:40 JV with GMR to set up multiple food retail outlets at the Delhi International Airport. The details of the JV are still being worked out.
The 250 crore rupees DIL, which is the Indian franchisee of global food retail chains Pizza Hut, KFC and coffee chain Costa Coffee, [...]
September 29, 2009 – 5:12 pm
Real estate developer Omaxe Ltd may raise prices this financial year and plans to launch four new projects over the next two months on rising demand, its chairman said.
Mr. Rohtas Goel said, “Demand might be robust. I will increase prices very soon, in single digits within this year”.
The firm will invest fifteen billion rupees [...]
September 29, 2009 – 1:11 pm
The reactions to real estate market are mixed. The looking up of this market in the US economy has raised some hopes in the Indian markets too. Various real estate companies have expressed that the market is looking up, and is likely to improve in the coming days, but some companies are skeptical and [...]
September 28, 2009 – 2:01 pm
Vijaya Bank has prepared a blueprint for taking its business from NRI accounts to five thousand crore rupees by 2011.
At present, NRI accounts contribute almost thirteen hundred crore rupees to its consolidated business volume.
Vijaya Bank Chairman and MD Albert Tauro said, “We are working on ‘Mission NRI 5000’ to grow to five thousand crore rupees [...]
September 26, 2009 – 5:01 pm
A draft bill on real estate regulator that will protect the interest of home buyers by ensuring a transparent and healthy real estate sector has drawn the anger of developers.
According to Mr. Kumar Gera, Chief-CREDAI, “The government is trying to play nanny to the home purchaser”.
According to the new bill, a builder will have to [...]
September 26, 2009 – 4:43 pm
Gayatri Projects approved a 40% dividend on its equity shares at the company’s twentyth annual general meting. The company also approved a resolution to increase the overall borrowing powers up to three thousand five hundred crore rupees, as per the statement made to the stock exchanges.
September 24, 2009 – 5:14 pm
After revamping its flagship hotel, The Ashok, ITDC is going full-steam ahead to give hotels Janpath and Samrat a makeover designed to make the competition sit up and take notice.
As part of the renovation, Hotel Janpath will soon boast of onyx pillars and a mini-spa in each room on four floors. The spas will be [...]
September 23, 2009 – 1:42 pm
Lancor Holdings’ MD, Mr R.V. Shekar, has informed the stock exchanges that he is acquiring up to 5% of the equity shares in the company at current market price. According to the information, Mr Shekar has acquired 1.23 lakh shares representing 0.61% stake for a total value of Rs 1.08 crore last week. This translates [...]
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