Tag: Omaxe

Sultanpur Road Belt in Lucknow Turns Hot For Investment

Many of the top developers have projects in the Sultanpur Road belt. In their opinion this belt is one of the fast developing areas in Lucknow. LUCKNOW: Lucknow has been growing for a quite good while. The city has become one of the hot real estate hubs in Uttar Pradesh. Though there are many hot […]

Omaxe may raise prices

Real estate developer Omaxe Ltd may raise prices this financial year and plans to launch four new projects over the next two months on rising demand, its chairman said. Mr. Rohtas Goel said, “Demand might be robust. I will increase prices very soon, in single digits within this year”. The firm will invest fifteen billion […]

Omaxe subsidiary will develop township

Photo by vm2827Construction firm Omaxe said its subsidiary has entered into an agreement with Allahabad Development Authority for the development of a township in Allahabad. Pancham Realcon has has entered into a memorandum of understanding for the development of township in Allahabad on a proposed area of 1,535.12 acres, Omaxe said in a filing to […]

Home buyers to return back

Home buyers could arrive back in the Indian real estate market in force after the Reserve Bank of India reduced rates and the cash-reserve ratio requirement. The bank slashed the repo rate by 100 basis points to 5.5% and the reverse repo rate to 4%. Officials also lowered the cash reserve ratio by 50 basis […]

Shriram Group has finalized plans to enter the market

Chennai-based Shriram Group has finalized plans to come into the market for low-budget homes aimed at middle-income groups. Shriram is the latest property developer to try and tap into affordable housing segment as demand for real estate slumps in a slowing economy. Bangalore headquartered Shriram Properties will invest Rs. 500 crore over three years to […]

LAVA Electronics in talks with realty

Sweden-based electronic products maker LAVA Electronics is in talks with real estate firms Ansal API, Omaxe and Parsvnath for a possible India entry through a franchisee arrangement. The LCD television maker, which gets 60% of its revenues from the B2B segment, is planning to sell its products to large hotel chains. The company clocked a […]

Realty stocks battered, Unitech down by over 51%

Real estate sector was the biggest loser in today’s stock market plunge, led by country’s second largest firm Unitech that witnessed a sharp fall of over 51%. The realty index witnessed a 24.4% decline, which is more than double the benchmark index Sensex fall of nearly 11%. The index has fallen by 31 per cent […]

Cost Of Housing Projects Increase Due To Delay In Clearance

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

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.

Realty Feeling Heat Of Market Meltdown

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‚Äôs largest real estate developer closed below its issue price of Rs 525 at Rs 519.95. Although it was closing at […]

Slowdown And Falling Market Demolish Real Estate Stocks

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 […]

Omaxe Annual Business Report

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 […]

Realty Is Facing A Major Cash Crunch

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 […]

Emaar SPVs To Get $800 Million PE Funding

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.

Realty stocks gain ground

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 […]