November 1, 2008 – 3:27 am
The tight liquidity condition and the rise in interest rates have affected realty sector hard. Because of the RBI’s policy of discouraging banks in lending to real estate developers, the fund flow to the sector has dwindled.
This might even force a number of units to close down. The construction sector, which is the second largest [...]
By Rajani
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Posted in Real Estate News
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Also tagged Affordability, Construction Schedule, Construction Sector, Global Financial Crisis, Government Policies, Home Loan Rates, Home Loans, Low Interest Rates, Market Crisis, Real Estate Developers, Real Estate Sector, Speculators, Tight Liquidity
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October 20, 2008 – 6:04 am
Property developers in India are offering massive discounts as the markets suffer from the global finance crisis. There are offers everywhere. Posters declare – discount bonanza - and the deeper you delve the better the bargain.
Offers include free covered parking spaces, exemptions from preferential location charges, discounts on the rate per square feet of the [...]
The famed Nano City project of Hotmail man Sabeer Bhatia, is all set to get a partner soon and that will be realtor Parsvnath Developers. As Sabeer arrives in India on July 10, final decisions will be taken about handing over 30-38% equity stake in the project to Parsvnath Developers.
A senior official of Nanocity Developers [...]
By manish
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Posted in Real Estate News
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Also tagged Bio Technology, City, Commercial, Drug Discovery, Educational Institutions, Golf Courses, Hotmail, Land Acquisition, Nano, Sabeer Bhatia, Semiconductor Research
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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, Omaxe, Property Consultancy Firm, Property Developers, Real Estate Sector, Videocon Industries
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Realty major Parsvnath Developers said it has launched its first integrated commercial mall project at a cost of Rs 120 crore in Jamnagar, Gujarat.
Parsvnath Developers launched its first integrated group housing and commercial mall project in Jamnagar, which is being developed on total land area of 13,200 square meter with an expected realization value of [...]
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