Tag: New Delhi

Rental Prices Higher By 13% In Main Cities

May 20, 2008 – 4:30 am

After the fresh rise in real estate prices all over India, the reports are coming about rising rental prices in key industrial towns. A current report about rental prices in New Delhi has shown a 13 % rise in rental prices in year 2008. Global real estate consulting company, Cushman & Wakefield has reported a [...]

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Rs 600 Crore Revenue Generated By Delhi Metro In Ist Phase

May 19, 2008 – 3:38 am

NEW DELHI: Delhi Metro has produced six hundred crore revenue from the commercial use of its property during the first phase of the Metro project. The real revenue generation is approximately double the target, thanks to skyrocketing commercial property prices and growing demand from retail sector and IT companies. Buoyed by the excellent response, DMRC [...]

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Mehran Heritage will come up in Jodhpur

April 24, 2008 – 10:29 am

Jodhpur-based High Pointe Real Estate Pvt Ltd plans to come up with a heritage boutique hotel, Mehran Heritage, in Jodhpur by November 2008. The hotel is mainly targeted at foreign and business travellers that come to Jodhpur, due to its proximity to business centres like New Delhi and Jaipur. Mr. Mukesh Agarwal, Director, Mehran Heritage, [...]

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Naredco for cheap housing

April 19, 2008 – 7:48 am

National Real Estate Development Council (Naredco) is organising a National Conference on ‘Affordable Housing for All’. It will be held in New Delhi on 21 and 22 April 2008. The conference will be supported by Ministry of Housing and Urban Poverty Alleviation, Government of India and UN Habitat. Some of the other issues that will [...]

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Dlf Starting a new project near Panchkula

April 19, 2008 – 6:31 am

Delhi-based DLF group would shortly have its presence felt in the border of Chandigarh as the company is coming up with their DLF Garden City Project near Panchkula for which the company is eyeing two hundred acres. Out of the two hundred acres, the company is said to have acquired thirty four acres with rest [...]

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Citi arm takes 40% in BPTP

April 9, 2008 – 2:35 am

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 [...]

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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.

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Slow Down Of Real Estate Business In Delhi

March 18, 2008 – 6:41 am

NEW DELHI: While the bears are ruling the stock market, there is a different asset class where the bulls are keeping away. Speculative investors in real estate market are retreating, at least in the Delhi-NCR region. Some foremost developers based in the region say it is becoming more and more complicated for them to sell [...]

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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 [...]

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Fitch assigns ‘A-’ rating to Ansal Properties

February 25, 2008 – 8:51 am

NEW DELHI: Credit rating agency Fitch on Monday assigned ‘A-’ rating, indicating investment grade, to Ansal Properties & Infrastructure Ltd (API) for its long-term debt programme of Rs. 100 crore. Fitch said in a release that the ratings assigned denote that the company’s financial leverage has improved substantially over the last two years. The rating [...]

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Realty seeks tax, input price relief

February 25, 2008 – 2:42 am

New Delhi: Real estate companies wish for taxes to be lowered and prices of construction materials controlled in the forthcoming budget. Vipin Agarwal executive director of Omaxe Ltd states that they want tax breaks on infrastructure, which were there till last year. Infrastructure improvement is important for the improvement of the country. So they should [...]

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Sistema is now planning to invest in India real estate

February 13, 2008 – 12:06 am

NEW DELHI, Feb 12.  Russian services conglomerate Sistema  will enter the real estate business in India, a top company official said on Tuesday. The firm will bring its real-estate business Sistema-Hals to India, and will look at opportunities around the national capital of New Delhi, Goncharuk said.  “We are entering real estate … We might [...]

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Forthcoming Budget Could Be Harsh

January 30, 2008 – 4:35 am

29 January 2008, New Delhi. Mr. P Chidambaram, Finance Minister of India, said on Tuesday that the coming budget could be harsh on the people. He is going to present the union budget in February. Mr. Chidambaram was asked about the tax cuts in the forthcoming budget, when he was attending an award ceremony. Mr. [...]

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