Real estate developers see further slump in demand and price correction due to RBI’s move to raise interest rate. Caught between slow demand and rising cost of capital and construction, developers are deferring launch of new projects. Some even fear that ongoing projects may get delayed.
Indiabulls’ group spokesperson Gagan Banga said, “Interest rate hike has [...]
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 said [...]
By Rajani
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Posted in Real Estate News
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Also tagged Allotment, Ceo., Developers., Development Zone, Economic Zones, Entire Project, Farmers, Favour, Haryana, Land Acquisition, Onus, Punj Lloyd, Queue, Real Estate Developer, Tax Benefit, Tea, Time And Money, Unitech
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Unitech Ltd plans to launch a mid-income project of 1,200 square feet houses in Greater Noida at Rs.2750 - sees potential demand. This will be followed by Residential launches in Chennai and Hyderabad shortly. The company is also accumulating more land parcels in Mumbai through slum rehab, will disclose once formalities completed.
By Rajani
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Posted in Real Estate News
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Also tagged chemical SEZ, Chennai, house, Hyderabad, indonesia, mid-income, Mumbai, NKID, Project, Residential, salim group, Unitech, universal success
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New Delhi :- Property investment division of Citibank has invested one hundred sixty million dollar in real estate major BPTP. earlier Citibank Property Investment (CPI) had invested eighty million dollar in the company to take 5.89 per cent stake. The hottest investment will be made in a special purpose vehicle (SPV) of BPTP, which is [...]
February 18, 2008 – 3:12 am
Greater Noida Industrial Development Authority has decided to launch a new expandable housing scheme. In this proposed scheme, 5000 single-storeyed houses will be allotted. They are going to announce the scheme soon. Mr. Lalit Srivastava said,” The total plot area of each house would be 120 square meter. It will have a covered area of [...]
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