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
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Posted in Real Estate News
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Also tagged Ansal, Housing Projects, Kurukshetra, Mannat, Panipat, Private Equity Fund, Private Equity Funds, Real Estate Sector, Sonepat, Warburg Pincus, West India
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The real estate sector seems to be at the receiving end of the market meltdown, with the DLF scrip ending below its issue price. For the first time after its listing, the stock of India’s largest real estate developer closed below its issue price of Rs 525 at Rs 519.95.
Although it was closing at all-time [...]
The uncertainty in the capital market has hit realty stocks the hardest.
The BSE realty index is the worst performer this year, having shed 51% of its 52-week peak reached in January.
With increasing evidence of a slowdown in the realty sector, rising input costs and little chances of interest rate softening, experts feel realty stocks may [...]
By Rajani
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Posted in Real Estate News
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Also tagged Agrawal, Angel Broking, Benchmark Index, Capital Goods, Consumer Durables, Gas Index, Gurgaon, Hitesh, Inflation Rate, Input Costs, Negative News, Noida, Parsvnath, Power Stocks, Real Estate Sector, Realty Stocks, Scrips, Sensex
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Realty firm Omaxe on 26th may reported consolidate net profit of around four hundred ninety five crore rupees for the year ended 31 Mar 08, a more than two-fold jump over the preceding year.
The company had recorded a consolidated net profit of around two hundred forty four crore rupees in the earlier fiscal, Omaxe said [...]
Land prices in the national capital region (NCR), Mumbai suburbs, Bangalore and Hyderabad have corrected by up to 25% as property developers slow down their land purchases. Poor sales and lower availability of credit at higher cost have prompted property developers to end the mad rush to acquire land. Some of the developers have even [...]
By Rajani
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Posted in Real Estate News
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Also tagged Acquisition, Belapur, Cash Crunch, Commercial, Connaught Place, Distant Suburbs, Knight Frank, Land Acquisition, Land Deals, Land Purchase, Landbank, Leela Group, Parsvnath Developers, Property Consultancy Firm, Property Developers, Real Estate Sector, Videocon Industries
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Goldman Sachs, Deutsche Bank and one more financial investor are likely to make a combined investment of $800 million in three special purpose vehicles (SPVs) which are being created by real estate group Emaar MGF. Each SPV will have one financial investor who will hold a minority stake.
By Rajani
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Posted in Real Estate Information, Real Estate News
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Also tagged Emaar MGF, Estate Investment Trust, Financial Investor, Goldman Sachs, Indiabulls, Leading Property, market, Market Caps, Minority Stake, Money Flow, Parsvnath, Private Equity Fund, Purpose Vehicles, Real Estate Developer, Real Estate Group, Real Estate Investment, Real Estate Investment Trust, Real Estate Sector, REIT
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Realty stocks, which opened on a subdued note this morning, are among the prominent gainers in afternoon trade. Mirroring investor interest for these stocks, the BSE Realty index has spurted 3.7% now. Sector heavyweight DLF has gained nearly 7% at Rs 715.
Unitech, a Nifty component, has posted a gain of 4.6%. Penland, HDIL, Sobha Developers, [...]
By manish
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Posted in Real Estate News
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Also tagged Ambuja Cements, Ansal Infrastructure, Bank Of India, BSE, HDIL, Hindustan Unilever, ICICI Bank, Larsen & Toubro and Grasim, NTPC and ACC, Parsvnath Developers and Mahindra Lifespace, Penland, Ranbaxy Laboratories, Realty, Reliance Energy, Reliance Industries, Sobha Developers, State Bank Of India, stocks, Tata Steel
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