There are seven residential projects for the senior citizens in Bangalore. Thus the city is far ahead to other cities in terms of providing better home facilities to the seniors. Home projects for the seniors are often confused with old-age homes. Experts clear that the former is entirely different from the latter. They point to […]
Tag: Housing Projects
Vision India Arrives IN Chennai
April 10, 2010 – 3:20 pm
A business group in the US named Vision India Real Estate is bankrolling a sum total of $5 million in an upcoming residential project in Chennai. The project belongs to Gem Group. This is the first time that the US Company is going for a joint development project. It is proposing an investment of $100 […]
DLF To Pump In Rs 150 Billion For Residential Projects
December 16, 2008 – 4:46 am
DLF, India’s major real estate developer, announced that it plans to invest Rs 150 billion over the coming three fiscals to construct various residential projects across the country. The company has raised Rs 16,750 million as private equity in eight projects in November 2007. According to sources, DLF Home Developers, the wholly-owned arm of DLF, […]
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, […]
No slowdown in realty projects
November 17, 2008 – 5:37 am
Mahindra and Mahindra on Monday said there is no slowdown in its real estate projects, even as there is a slump in demand. “We are not slowing down on any of our projects. Jaipur is rocking, Chennai is doing well, city-based projects such as Faridabad are also doing well,” Mahindra and Mahindra Ltd Executive Mr […]
Net Profit Of Leading Property Developers Rose In Ist Quarter Of FY09
July 31, 2008 – 4:48 am
Aided by revenues from mid-income houses, net profit of property developers, such as Unitech and Puravankara Projects, rose in the first quarter of FY09, beating analyst expectations. Unitech, the country’s largest listed developer, posted a 15.7 % growth in net profit during the quarter, mainly due to higher realisations the company made in the mid-income […]
Builders Flouting EWS Norms To Land In Trouble
July 23, 2008 – 7:10 am
Builders would face hefty fines if they do not set aside 15% space in their housing projects for the economically weaker sections (EWS). The ministry of housing has asked states to crack down on developers who violate EWS reservation. Repeated failure to implement the policy may also result in government taking back land allocated for […]
Cost Of Housing Projects Increase Due To Delay In Clearance
June 18, 2008 – 12:03 am
A day after HDFC chief Mr. Deepak Parekh stated that environmental clearances were leading to time delays and hence cost overruns in housing projects, industry body Confederation of Real Estate Development Association of India (CREDAI) has put a number to it. CREDAI Secretary Rohit Raj Modi said that these add at least 10% to 15% […]
Realtors Eye Huge Profits From Reasonably Priced Housing
June 16, 2008 – 12:47 am
Reasonably priced housing, the most neglected segment of the real estate sector, is now magnetizing significant investments from developers plus private equity funds. While real estate majors like Ansals and Omaxe are planning low-budget housing projects in smaller towns and cities across the country, private equity players are firming up huge investments for this sector.
Omaxe To Invest Rs 8000 Crore To Build 10 Lakh Low-Cost Houses
May 15, 2008 – 4:55 am
After low-cost airlines, budget hotels, cheap cell phones, low-cost computers et al, it’s now time for branded low-cost houses. Delhi-based real estate major Omaxe is planning to invest Rs 8,000 crore in next five years in affordable housing projects. The company has floated a subsidiary National Affordable Housing and Infrastructure which will be building the […]
Vijay Shanthi Builders Ready To Enter Into Emerging Cities
April 14, 2008 – 5:55 am
Vijay Shanthi Builders, a Chennai-based Housing Promoters, would enter emerging real estate cities with their premium products and building solutions. Mr. Suresh Jain, Managing Director, VSBL, said that the company would be launching construction of premium grade villas at Salem in Tamil Nadu. Further he added that almost 100 villas will be spread across 20 […]
Deutsche Bank Picks Up 40 Percent Stake In Ramprastha
March 29, 2008 – 2:27 am
Deutsche Bank has raise up close to 40 percent stake in Ramprastha Promoters and Developers. Ramprastha Promotors and Developers is a group company owned by Delhi-based Ramprastha Group for $80 million. Ramprastha Promoters and Developers have been primarily engaged in developing housing projects in the national capital region (NCR).
Real Estate Companies planning for Low-Cost Residential Projects
March 19, 2008 – 1:45 am
NEW DELHI: Playing on the basic economics of small margins-high volume, realty majors are now adding low-cost residential projects to their portfolio. Omaxe, DLF, Ansal API, Parsvnath, BPTP, et al are setting their eyes on the small and mid-income home buyer segment and lining up projects which will meet the aam aadmi’s need.
Lobby group wants REITs for affordable housing
February 26, 2008 – 8:57 am
The new Securities and Exchange Board of India dispensation under chairman C B Bhave looks all set to carry on from where M Damodaran left off. Senior officials of SEBI met with a team from the real estate committee of the Federation of Indian Chambers of Commerce and Industry on Thursday. They later made about […]
Real Estate Development Prospect in India
January 15, 2008 – 3:25 am
January 08, 2008. Real Estate Companies and Investors are taking India as a great Investment destination. Real estate investment in major cities is taken as a beneficial deal. Real Estate Developers from the outside countries are showing their interest in building luxury villas in top Indian cities. They are looking for the joint venture partners […]
