August 25, 2008 – 7:50 am
With the city’s real estate market being dominated by smaller and unheard of players whose actions could fright away prospective buyers, the bigger players are joining hands to give a professional touch to the realty business. “We need to bring in additional people who are properly trained agents. This can be achieved by having a [...]
By manish
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Posted in Real Estate News
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Also tagged Credai, Global Slowdown, International Experts, Joining Hands, New York University, Puravankara Projects, Puravankara Projects Limited, Real Estate Agents, Real Estate Developers Association, Real Estate Sector, Realty Business, Realty Market, Research Expert, Research Specialist
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August 21, 2008 – 5:08 am
Real estate developers Ansal API and Raheja Developers are attempting to tide over the gloom in the real estate sector by pursuing their special economic zone (SEZ) plans. While Ansal has announced plans for six infotech SEZs across three states, Raheja is setting up north India’s first engineering SEZ in Haryana.
While Ansal will pump in [...]
By manish
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Posted in Real Estate News
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Also tagged Business Houses, First Engineering, Haryana, Khopoli, Liquidity Conditions, North India, Private Equity Investors, Raheja Developers, Real Estate Sector, Realty Companies, SEZ, Sezs, special economic zone
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The gloom over the realty sector is reflected in the stock prices of many companies. BSE Realty Index has been the worst performer so far in 2008, having shed more than 68.5% from its January peak. Analysts expect further erosion in valuations of realty stocks with the sector facing a slowdown, input costs rising, and [...]
By Rajani
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Posted in Real Estate News
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Also tagged Blackstone Group, Capital, Commercial, Debt, Emmar Properties, Finance, Goldman Sachs, Lee Kim Tah, Morgan Stanley, Property Investors, Real Estate, Realty Market, Realty Stocks, Religare Securities, salim group
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Binani Cement, the flagship company of the Rs 1,700-crore Binani group, is considering long-term bulk cement supply contract with real estate developers including Raheja and Hiranandani. The initiative, if it fructifies, will be the first in the industry and other cement companies may follow suit.
Binani Cement’s managing director Vinod Juneja confirmed the discussions between the [...]
By Rajani
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Posted in Real Estate News
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Also tagged Binani Cement, Cement Companies, Cement Plant, Cement Prices, Industry Experts, Industry Sources, Initial Stage, Raheja, Rainy, Real Estate Sector, Supply Contract, Thane, Vagaries, Wada
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Real estate developers see further slump in demand and price correction due to RBI’s move to raise interest rate. Caught between slow demand and rising cost of capital and construction, developers are deferring launch of new projects. Some even fear that ongoing projects may get delayed.
Indiabulls’ group spokesperson Gagan Banga said, “Interest rate hike has [...]
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 [...]
After low-cost airlines, budget hotels, cheap cell phones, low-cost computers et al, it’s now time for branded low-cost houses. Delhi-based real estate major Omaxe is planning to invest Rs 8,000 crore in next five years in affordable housing projects. The company has floated a subsidiary National Affordable Housing and Infrastructure which will be building the [...]
Delhi-based DLF group would shortly have its presence felt in the border of Chandigarh as the company is coming up with their DLF Garden City Project near Panchkula for which the company is eyeing two hundred acres. Out of the two hundred acres, the company is said to have acquired thirty four acres with rest [...]
By manish
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Posted in Real Estate News
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Also tagged Chandigarh, Club House, Dlf Group, Fortis, Four Acres, Garden City, Haryana Government, india, New Delhi, Panchkula, Residential Apartments, Residential Project
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Real estate companies, who are bound by strict conditions for bringing in foreign direct investment (FDI), can now look forward to a breather.
Companies developing several projects simultaneously are likely to get a waiver on meeting FDI conditions on some if majority of the projects are FDI-compliant. Realty companies are subjected to conditions such as three-year [...]
The building sector in Pune and neighbouring areas is in terrible straits. The mass exodus of migrant workers from UP and Bihar, following alleged threats from Raj Thackeray’s Maharashtra Navnirman Sena, has forced builders to invoke the force majeure clause to escape liabilities of delays and cost overruns.
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