These awards would serve as the national recognition as the “The best real estate business” in the country and is the best chance to promote your real estate business and a platform for networking and validation for your business. An opportunity to benchmark your business against competitors, ongoing publicity and business lifetime of high-achiever credibility, extensive media coverage and PR with the partners are other added advantages.

The last date for nominations is 15th November 2010, open only to real estate companies, brokers, builders, developers registered and based in India. Ernst & Young will be the official tabulator for the awards.

The event is designed for all professionals with an interest in Indian and international real estate and can be interesting for : real estate service providers, contractors, developers, investors, fund/ asset managers, brokers /traders, builders, consultants, trade associates, lawyers, accountants.

The New Delhi-based company said in its yearly report for a shareholders meeting on Sept. 30 it estimated to complete the share sale within 1 year of getting shareholder consent.

“This is just an enabling resolution so that we can raise the money when we require,” a DLF spokesman said.

DLF had raised $2.25 billion in its initial share sale previous year. In July, the company said it would spend up to eleven billion rupees to buy back up to 22 million shares following a stock market slide.

The stock has fallen nearly 55% this year, compared with about 29 % drop in the main BSE index.

Insecurity in world equity markets has enforced the company to shelve a planned $1.5 billion initial public offer for its property trust in Singapore.

Mr. Mukesh Agarwal, Director, Mehran Heritage, said, “Rajasthan has an intriguingly rich cultural heritage that draws travellers, not only within India, but also from abroad. This project will be an endeavour to showcase some of this rich heritage”. The 20 room property is situated on one acre in the south wing of the ‘Nimhera House’, which is Maharaja Thakur Shaitan Singh of Nimbhera’s old home. The company has invested over Rs one crore to refurnish the palace.

The SPV is applying IT specific SEZs at Noida, Greater Noida, Faridabad and Gurgaon. The Noida SEZ is being developed on 25 acre of land, Greater Noida on 100 acre, Faridabad on 54 acre and Gurgaon on 27 acre of land. In the first phase, the company will develop six million square feet in the four SEZs by 2010. The total area to be developed in the four SEZs is 20 million square feet.

All four SEZs have got the approval of the government and land has been acquired. The money raised by the SPV will fund the project.

The government rejected to extend the tax benefit for software technology parks after March 31, 2009, IT SEZs have become popular amongst the export oriented units. The developer of SEZ will get tax concessions not only on profit, but also on all inputs required for the project.

The deal reveals that the real estate tale in the country is still shining and the investors are prepared to put money, provided the project is at the implementation stage, said a banker. He said if India maintains an eight per cent growth, it will require enormous real estate supply.

Sample this: Omaxe will be investing Rs 5,000 crore to develop low cost or affordable houses in tier II and III cities. “The price of these houses will be around Rs 20 lakh. The time has come for developers to foray into affordable housing segment where the demand is significant,” said Omaxe CMD Rohtas Goel. The company is yet to acquire land for these projects.

BPTP that recently bagged the biggest land deal in Noida, will also be introducing residential projects in Faridabad which will have an `affordable’ price tag of Rs 40-50 lakh. BPTP has a 1,400 acre land bank in Faridabad and says volumes can be created according to the price.

“Once connectivity improves, Faridabad will be a preferred and an affordable destination for home buyers,” said BPTP MD Kabul Chawla. India’s largest real estate developer, DLF has also launched a number of affordable housing projects in different cities that will cater to lower and medium income groups.
Chennai, Bangalore, Indore, Manesar and Cochin are some of the markets where the realtor will come up with residential projects. While a 3 BHK in Chennai will be in the price range of Rs 35-50 lakh, projects in New Gurgaon and Manesar will cost Rs 45 lakh and upwards.

Some foremost developers based in the region say it is becoming more and more complicated for them to sell flats at launch stage due to lack of interest from speculators. This reflects on the inherent demand structure in the real estate market.

Developers attribute this to stability in prices as against the past where prices were shooting up on a monthly basis. They add that the difficulty in booking flats may delay projects and reduce their pricing power, “A year ago, if we were selling over 100 flats in a month at launch stage, we now sell only 30-40 per month. Speculators, who would earlier frenetically book flats at the pre-launch stage only, have now disappeared,” said a senior executive of a real estate firm.

Till mid-2007, speculators made quick money by booking multiple flats at the launch of a project and exiting within a few weeks or months. But now, Omaxe executive director Vipin Aggarwal says, “The property prices have stabilised with little scope for speculators to make such big gains in the short term, leading to their retreat.”

The property show, explained by the company as a “Premium real estate event” is billed as one of the biggest shows for developers interested in selling and buying prime properties in Goa.
Addressing a press conference, at the historic Azad Maidan, in the city, on 07th march, Mr Rodricks said, “I am alarmed and concerned, and implore and beg to Goan developers not to sell the land for money but to undertake development which would support progress of the tourism sector.”

Mr Rodricks further said that the government needs to take steps and position as to what  the unique selling point (USP) of Goa, is?. “The government has to take a stand as regards the people who are coming here and trying to kill the main ingredient (read as identity),” he said, adding “which would result in properties coming up on green hills.”

Aaround 60 developers have been invited to participate in the “Sell Goa” fair, Mr Rodricks said, “This is our land and someone else is selling it.

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 takes into account the company’s experience in the real estate market in Northern India. While API plans leasing commercial and retail properties, a majority of its current revenue is from the sales of residential properties, it said.

“We are entering real estate … We might have partners but we have not decided yet,” Chief Executive Alexander Goncharuk told reporters on the sidelines of a conference in the Indian capital.

“India is a strategic market for Sistema … Besides telecoms and real estate, the next direction is high-tech,” Goncharuk said, referring to its microelectronics firm Sitronics .Goncharuk declined to say when Sistema would introduce to India the rest of its diversified portfolio, including Sitronics, saying the details would be announced later. 

Finance minister has been awarded as the Politician of the year award by a private TV channel. After being awarded, finance minister answered the queries. Mr. Chidambaram also said, “I know that politics is a very different and difficult vocation. Yet if so many are (there) in politics, it is because at the end of the day, we believe that something can be achieved through politics”. Further he said, “Politics is not about individual achievements or collective achievements, politics is about bringing everything together so that we can make a great country”. Mr. Chidambaram expressed his feeling and said, “I am quite proud to be in politics and proud to be called a politician”.

Answering the question about volatility in the stock market, Mr. Chidambaram said, “I am not worried about market going up and down.” Replying the query about service tax on lawyers, Mr. Chidambaram said, “no one believes that lawyers render any services. So there cannot be any service tax on lawyers.”