The real estate developers on Thursday reacted sharply to the Bhubaneswar Development Authority’s (BDA) move to change the definition of “apartment” and “group housing.” Talking to reporters here, Confederation of Real Estate Developers Association of India (CREDAI) state president D S Tripathy said the new definitions are vague and will result in the harassment of people while […]
Tag: Developers.
Rise in Indian House Prices gives relief to Affordable Units.
March 24, 2012 – 4:37 pm
Developers were largely disappointed with the country’s budget for 2012. They had hoped the budget would have included more incentives for the development of affordable housing. Still, several of the key budget items were aimed at stimulating capital for new residential projects. In the world, Housing prices in India are the highest, as per the […]
Realty Plus Excellence Awards to Real Estate Sector.
March 21, 2012 – 5:13 pm
Realty plus Excellence Awards 2012 series for the northern region of India will be on March 21. The awards for South India and West India were given away on March 2 and March 9, respectively. Anuj Puri, Chairman and Country Head, Jones Lang LaSalle India, is the Jury Chairman for this year’s awards. The Realty […]
Booking Moolah
December 17, 2010 – 4:02 pm
There is a practice of some large- and mid-sized developers accepting cheques for booking amount, without disclosing the rates per square feet and creating urgency amongst customers. In a recent case of a launch of a project by a big realty player, the initial rate at the time of launch was Rs 6,000 per sq […]
Wonder of Connectivity
April 18, 2010 – 8:58 am
Development of new connectivity can add immense value to an area. It not only provides opportunity to the developers to do more business but it also provides new options to end users. Best of all, it helps in containing the price rise of real estate in the main districts of a town. The newly built […]
DLF freezes projects
November 18, 2008 – 4:34 am
The liquidity squeeze-induced slump in demand has forced real estate leader DLF to fire some employees, put a number of hotel and housing projects on hold and yearn for 7% home loan rates. “We must have laid off some employees somewhere,” DLF Chairman K P Singh told reporters on the sidelines of India Economic Summit, […]
DS Kulkarni To Invest Rs 30 Million
September 30, 2008 – 4:00 am
The board of directors of DS Kulkarni Developers at its meeting held on Sep. 27, 2008, has approved the investment in DSK Global up to Rs 30 million to make it a subsidiary. The board has also approved the fixed deposit scheme of the company for the year 2008-2009. DS Kulkarni Developers is a real […]
Indian Realty Need Chinese Rules
July 24, 2008 – 5:47 am
It’s now quite evident that real estate companies are in for some difficult times. CRISIL not only foresees a delay in many planned and ongoing projects, it believes several players are over-leveraged and that the combination of sluggish demand and rising costs will lead to a shakeout. In particular, residential complexes, funded largely by customer […]
Gaziz Globe And Big Shopping Group From Israel To Invest In India
July 21, 2008 – 4:52 am
The Indian real estate market is set to witness the entry of investors like Gaziz Globe and Big Shopping Group from Israel, Mirax from Russia and a few others from Eastern and Western Europe. Together, these investors are likely to invest around Rs 10,000 crore in Indian property that is FDI compliant, in the coming […]
Developers Are In Search Of New Attraction Points
July 2, 2008 – 4:44 am
Developers are offering Swedish massage, a vigorous Kerala head rub, a good old steam bath and many more at picture perfect destinations that are a good trek away from cities. After making luxury villas and apartments in the heart of town, property firms are now wooing people to exotic spas and resorts. From luxury to […]
DLF To Get 5000 Acres Land Less Than Market Rate
June 23, 2008 – 12:17 am
Real estate developer DLF will soon get around 5000 acres near Greater Noida at less than market rate under the Taj Expressway Industrial Development Authority’s (TEA) scheme. Jaypee group, too, has qualified for allotment of 2,500 acres, while Unitech and Punj Lloyd are in queue for 2,500 acres each. TEA additional CEO C S Verma […]
Gujarat’s first IT SEZ Will Be In Sanathal
May 8, 2008 – 3:47 am
Ahmedabad, May 7 The Pune-based Vascon Engineers Limited has initiated construction of the state’s first Information Technology Enabled Services (ITES) SEZ at Sanathal village off the Sarkhej-Gandhinagar highway.
Real Estate Need Talent And Skill
May 5, 2008 – 12:29 am
The demand for talented and skilled individuals to power the growing real estate industry has increased. “The Indian real estate sector is maturing from the short-sprint mindset and is gearing up for the long distance stakes of sustainable real estate development,” says Anuj Puri, chairman and country head, Jones Lang LaSalle Meghraj, real estate money […]
Private Equity Finds Welcome Mat On Indian Property
April 30, 2008 – 4:33 am
Private equity funds sense their time has come in the Indian property arena, with developers offering plum deals as banks tighten lending and a stock market slump shuts off public share offerings. Since India eased rules on inward investment in the construction industry in early 2005, foreign investors have earmarked an estimated $20 billion for […]
DLF may take up slum rehab projects in Delhi
April 30, 2008 – 4:31 am
Real estate major DLF is drawing plans to take up slum development projects in Delhi, which, though fraught with political risks, could see business worth thousands of crores. A senior DLF official said, “We are preparing an elaborate plan to develop slum areas in Delhi. We have received a very positive response from chief minister […]
Rising material costs push up prices in the housing sector
April 29, 2008 – 5:50 am
NEW DELHI: The rising steel and cement prices during the past few months coupled with the global hike in the prices of metals has come as a “rude shock” for those constructing their “dream houses” and more so for those who dreamt of a house of their own. The fallout of the rise in input […]
Goa property show in Delhi
March 8, 2008 – 3:35 am
Panaji; The extensively promoted ‘Exclusive Goa Property Show’ scheduled at New Delhi, organised by Times Business Solutions Ltd, an enterprise of The Times of India Group, looked headed for some controversy with Goa’s internationally reputed fashion designer Mr Wendell Rodricks turning down their invitation to open the show.The show is at the famous Tivoli Garden-chatterpur temple near […]
