Tag Archives: Property Developers

Realtors may cut prices by 30%

December 10, 2008 – 6:33 am

DLF, Unitech and other real estate developers may lower prices by 30% by mid-2009 to nudge buyers out of their “wait and watch” stance, according to experts.
The price cut, if implemented by the country’s builders will also push sales higher, especially of the affordable category, property consultants said.
”Many developers will come down on their asking [...]

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Developers are offering property discount

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 [...]

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Net Profit Of Leading Property Developers Rose In Ist Quarter Of FY09

July 31, 2008 – 4:48 am

Aided by revenues from mid-income houses, net profit of property developers, such as Unitech and Puravankara Projects, rose in the first quarter of FY09, beating analyst expectations.
Unitech, the country’s largest listed developer, posted a 15.7 % growth in net profit during the quarter, mainly due to higher realisations the company made in the mid-income segment [...]

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Dubai-based ETA Star Real Estate Firm Plans To Enter Asian Markets

June 24, 2008 – 7:11 am

Dubai-based ETA Star real estate firm plans to utilize its funds to develop 120 million square feet of land in India.
Dubai’s ETA Star Property Developers mulls a fund of $400 million via Islamic bonds to enter Asian markets as diverse as India and Laos. The real estate firm is planning to utilize its own funds [...]

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Overseas Investment Spurs Dubai real Estate Development

May 27, 2008 – 6:47 am

The real estate sector in Dubai is being driven mainly by overseas investment, with individuals and companies from other countries consist of 60-70 % of the buyers of freehold units.
2 out of 3 of all the new freehold properties in the emirate are bought by overseas companies or persons who live outside the country, says [...]

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Increase In Prices For Karnataka Real Estate Property

May 23, 2008 – 1:14 am

Real estate developers in Karnataka have decided to raise home prices by 3-8% from June 10, citing steep increases in the cost of construction materials and higher labour rates.
The price hike was “inevitable” because steel was dearer by 24% compared to its January level and cement prices were up 56% from the beginning of the [...]

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Realty Is Facing A Major Cash Crunch

May 17, 2008 – 1:01 am

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 [...]

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