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 segment [...]
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 [...]
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% to [...]
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.
By manish
|
Posted in Real Estate News
|
Also tagged Ansal, Kurukshetra, Mannat, Omaxe, Panipat, Private Equity Fund, Private Equity Funds, Real Estate Sector, Sonepat, Warburg Pincus, West India
|
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, 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 acres [...]
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).
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.
By manish
|
Posted in Real Estate Information, Real Estate News
|
Also tagged Ansal Api, Bhk, Bptp, Faridabad, Gurgaon, Housing, Manesar, New Delhi, Parsvnath, Real Estate Developer, Residential Projects, Rohtas
|
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 15 suggestions, [...]
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 [...]
By Rajani
|
Posted in Real Estate News
|
Also tagged Dlf, Donald Trump, Donald Trump Jr, india, India Real Estate, Indian Cities, Indore, Investment Destination, Joint Venture Partners, Kochi, Luxury Villas, Merrill Lynch, Merrill Lynch Co, Nakheel, Real Estate, Real Estate Developers, Real Estate Investment, Real Estate Investors, Realty Market, Rs 1, Trump Organization
|
Property Listings