There is a practice of some large- and mid-sized developers accepting cheques for booking amount, without disclosing the rates per square feet and creating urgency amongst customers. In a recent case of a launch of a project by a big realty player, the initial rate at the time of launch was Rs 6,000 per sq […]
Tag: Property
Debt clearance likely to use up a quarter of realty IPOs
October 9, 2009 – 5:50 pm
Nearly a quarter of the Rs 11,665 crore funding that five real-estate companies plan to raise through IPOs will be used to re- and pre-pay debt. Emaar MGF Land, Ambience Ltd, Lodha Developers and Kumar Urban Development have earmarked a part of the IPO proceeds for loan repayment. Sahara Prime City plans to invest the […]
Real Estate Looking Forward
September 29, 2009 – 1:11 pm
The reactions to real estate market are mixed. The looking up of this market in the US economy has raised some hopes in the Indian markets too. Various real estate companies have expressed that the market is looking up, and is likely to improve in the coming days, but some companies are skeptical and want […]
Lancor MD picks up more stake
September 23, 2009 – 1:42 pm
Lancor Holdings’ MD, Mr R.V. Shekar, has informed the stock exchanges that he is acquiring up to 5% of the equity shares in the company at current market price. According to the information, Mr Shekar has acquired 1.23 lakh shares representing 0.61% stake for a total value of Rs 1.08 crore last week. This translates […]
Ansal to Invest 20 Billion Rupees on Townships
September 16, 2009 – 5:23 pm
Ansal Properties and Infrastructure Ltd will invest twenty billion rupees in the this fiscal year as it seeks to capitalize on the demand for low-cost housing in India. The investment will be the last installment of a total of sixty billion rupees earmarked last year by the company as the main investment to develop nineteen […]
Temasek look at Prestige
September 7, 2009 – 1:35 pm
HDFC Property Ventures and Temasek are in talks to invest about Rs 625 crore in the Bangalore-headquartered Prestige Group, as cash-hungry real estate companies continue to tap private equity funds to meet critical funding needs. HDFC’s real estate fund along with Singapore’s Temasek is in discussions with Prestige, which is seeking a valuation of $1 […]
Small cities are getting more interest
September 4, 2009 – 12:04 pm
Due to the major hike in property prices in metros most of the people are showing interest for small cities. The new name in this list is the Neharpar city in Faridabad. Buyers as well as developers are started looking at Neharpar as the emerging real estate investment destination. It is supposed to become the […]
Real estate- the best investment destination
August 17, 2009 – 3:49 pm
The economic slump had a major impact on real estate. The price has come down over the last few months. People with a huge disposable income can explore investing in real estate for diversification of their assets. Reduced home loan interest rates and lower property prices makes it an opportunity hard to resist. Some investments […]
Lodha hikes bid price for NTC’s Finlay
July 25, 2009 – 2:10 pm
Photo by thinkpanamaLodha Developers is ready to deal a 10.3-acre plot in Central Mumbai for Rs 710 crore in what could be the biggest realty deal this year, a sign that the slump in real estate sector may have finally gone. Company’s director Mr. Abhishek Lodha declared the offer made to acquire the Finlay Mill […]
NTC board to decide on bid
July 24, 2009 – 5:12 pm
Photo by j l tLodha Developers’ Rs 657.9-crore bid for the 10.3-acre Finlay Mill property in central Mumbai has not been cleared by the asset review committee of the National Textile Corporation. Bid was placed on 16th of this month. NTC’s asset review committee was to take a decision, as it was much lower than […]
NRIs Coming Back To Indian Property Market
July 5, 2008 – 6:03 am
After having lived outside of India for close to 40 years or even more, many NRIs are now joining a reverse flow into India, and investing in property back home. Many are looking for retirement, or semi-retirement homes that may later tempt their children or grandchildren into connections with India. But it can also be […]
Mittal buys 3rd property in Kensington Palace Gardens London
June 24, 2008 – 7:12 am
NRI steel tycoon Lakshmi Mittal has bought his third major property for seventy million pounds in Kensington Palace Gardens, London’s most expensive street. Mittal, whose fortune is estimated at twenty seven billion pounds, already owns two big homes in Kensington Palace Gardens where Princess Diana spent her last years. The most recent purchase of the […]
Mega Realty Deals Dot Delhi’s Golf Links
June 18, 2008 – 11:40 pm
The real estate sector might have hit a rough patch of late, but that has not stopped India’s rich and mighty from striking housing deals in Delhi’s elite areas at fancy prices. Three low-profile but high-value transactions worth Rs 300 crore have been closed in Central Delhi‘s posh Golf Links locality, where infrastructure major GMR, […]
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 […]
Property Investment Check List
April 25, 2008 – 5:14 am
Money invested in real estate, for income and capital growth, grants stable and expected returns, parallel to bonds. Like other investment option, this too, has certain threats attached to it. Following are the elementary factors affecting the value of a particular property. Location: The location of a building is a important factor in determining its […]
Saffron Asset launches $500 million real estate fund
April 8, 2008 – 5:39 am
MUMBAI, April 4 – Fund manager Saffron Asset Advisors is raising a maximum of five hundred million dollar through an India- focused real estate fund, and has agreed for Standard Life as anchor investor, a top official said on Friday. Saffron’s Managing Director A. V. Kapoor stated that Standard Life will invest seventy five million […]
Singapore Realty Developer plans to tap Indian Market
February 29, 2008 – 7:32 am
Singapore’s largest private property developer, the $4-billion Far East Organization, is keen to get a toehold in India. The Singapore conglomerate is talking to prospective Indian partners for its proposed foray in the booming realty market, especially in major metros like Delhi, Mumbai, Kolkata and Chennai. Mr.Chia Boon Kuah, executive director, said “We are talking […]
Dubai Properties displayed at Mumbai Extravaganza aiming Indian Investor
February 28, 2008 – 4:46 am
Foremost master real estate developer Dubai Properties has participated at the premium luxury show ‘Mumbai Extravaganza 2008’ in Mumbai, India to showcase its most recent portfolio of realty developments including the latest to be announced ‘Mudon’ project, to an elite audience of high net worth visitors and top tier conglomerates. Mohamed Binbrek, CEO, Dubai Properties, […]
