From the forthcoming Union Budget 2012, realty sector have much expectation that it will contain some pragmatic provisions which will lower effective price barriers for home-seekers. Broader incentives for development of affordable housing are needed, to encourage more developers to become active in this important sector and increase the supply of budget homes in the [...]
By lata
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Posted in Real Estate News
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Also tagged Affordable Housing, Anil Pharande, Broader incentives, Construction Costs, emands affordability, expectation, forthcoming Union Budget 2012, Government, high lending rates, home-seekers., insufficient infrastructure, lower effective price barriers, pragmatic provisions, Realty sector, Vice-president of Credai (Confederation of Real Estate Developers Associations of India) Pune Metro
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January 7, 2009 – 4:57 am
DLF, Parsvnath and other real estate developers have lagged behind by 54% in their target to open retail space even as retailers’ vacancy climbed to 16% last year. Cash-strapped real estate developers failed to deliver eleven million square feet of retail space in 2008, according to a study released by Cushman & Wakefield. Out of [...]
By
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Posted in Real Estate News
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Also tagged Construction Delays, Cushman, Economic Slowdown, Major Cities, Mismatch, Ncr, Operational Cost, Parsvnath, Retail Malls, Retail Projects, Retail Sector, Retail Services, Retail Space, Shortfall, Slow Absorption, Square Feet Space, Target, Wakefield
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January 3, 2009 – 3:08 am
Real estate of Uttaranchal is fighting for sufficient foreign investments for its development. The real estate in Dehradun is growing at a pace. It has opportunities in industry, tourism, commerce and investment. The state is crowded with lots of real estate builders, who has various township projects for state. Though, commercial and residential properties in [...]
December 19, 2008 – 5:57 am
With PSU banks finally offering attractive interest rates for home loans below Rs 20 lakh, the assumption was that it would spur demand in smaller towns where housing is cheaper. As getting a Rs 20 lakh home loan just got cheaper at a 9.5% interest rate, buyers flock and builders revel, a welcome break after [...]
By
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Posted in Real Estate News
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Also tagged Attractive Interest Rates, Attractive Package, Bhubaneswar, Dream Home, Home Loans, Homebuyers, Liquidity Position, Localities, Orissa, Psu Banks, Pune, Real Estate Developers Association, Realty, State Banks
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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 [...]
By
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Posted in Real Estate News
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Also tagged Bank Of India, Credit Crunch, Distant Suburbs, Growth Prospects, Jones Lang Lasalle, Jones Lang Lasalle Meghraj, Noida, Property Consultancy, Property Consultants, Property Developers, Reserve Bank Of India, Sensitive Index, Sub Prime Crisis
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December 8, 2008 – 5:59 am
Real estate companies have welcomed the government’s move to ask banks to announce a separate package for borrowers of home loans in the affordable housing segment as part of the overall stimulus plan to revive demand in the economy. “We welcome various measures announced today by the government in its economic stimulus package. These measures [...]
By
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Posted in Real Estate News
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Also tagged Bank Of India, Economic Stimulus Package, Government Data, Home Loans, Housing loan, Housing Shortage, Leading Real Estate, Loan Market, Montek Singh Ahluwalia, National Housing Bank, Private Banks, Public Sector Banks, Reserve Bank Of India, Sanjay, Similar Moves, Steel Industries, Unitech Ltd
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November 28, 2008 – 5:19 am
Union urban development minister Jaipal Reddy said that the government will soon make available slum lands in New Delhi for re-development. The government will follow the Mumbai model where land is auctioned to the real estate developers for building flats. Certain number of flats will be reserved for the slum dwellers at a minimal price. [...]
By
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Posted in Real Estate News
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Also tagged Delhi Development Authority, Development Minister, Development Ministry, Final Touches, High Priority, Housing Supply, Income Group, Jaipal Reddy, Jawaharlal Nehru, Minimal Price, Model Bill, Mr Reddy, National Urban, Planning Commission, Residential Apartments, Rs 50, Slum Areas, Urban Renewal
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November 12, 2008 – 7:08 am
National Real Estate Development Council (Naredco) and the Confederation of Real Estate Developers’ Associations of India (Credai) has petitioned the Government to ease foreign direct investment and external commercial borrowing norms and formulate a policy for rescheduling of term or construction loans to facilitate the roll-over of existing debt. The request has also to be [...]
By
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Posted in Real Estate News
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Also tagged Commercial Premises, Construction Development, Construction Loans, Credai, Credit Squeeze, External Sources, FDI, Indian Banks, Low Cost Housing, Monetary Policies, Ongoing Projects, Rescheduling
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November 11, 2008 – 1:44 am
Bankers believe their strained home loan portfolios will see relief in the coming quarters, with interest rate cuts coming into force. “We expect our home loan offtake to increase by 22 per cent y-o-y next quarter with the fall in interest rates,” said B.R. Pai, General Manager, Syndicate Bank. The bank, which has sixty-five hundred [...]
By
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Posted in Real Estate News
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Also tagged Bank Of India, Basis Points, Canara Bank, Confederation, Credai, High Interest Rates, Home Loans, Interest Rate Cuts, Liquidity, Loan Portfolio, Loan Portfolios, Loan Sales, Prime Lending Rates, Public Sector Banks, State Bank, State Bank Of India, Syndicate Bank
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November 8, 2008 – 1:29 am
Fund-starved realtors may heave a sigh of relief. Banks are now considering loans to this sector on case-to-case basis, especially for those facing genuine liquidity problems. The move follows Prime Minister Manmohan Singh’s assurance to the industry that liquidity should not be a problem for companies having good fundamentals. Leading bankers have started asking developers [...]
By
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Posted in Real Estate News
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Also tagged Business Challenges, Credit Crunch, Director Finance, Liquidity Problems, Manmohan Singh, Market Situation, Prime Minister Manmohan, Public Sector Banks, Real Estate Developers Association, Real Estate Sector, Revenue Streams
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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 [...]
By
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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, Parsvnath Developers, Real Estate Sector, Speculators, Tight Liquidity
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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 admin
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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 [...]
By admin
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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
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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 [...]
By
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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 [...]
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 [...]
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 admin
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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 [...]
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.
Dubai-based property developer, ETA Star Properties, plans to foray into the Indian hospitality industry with two properties at Bengaluru and a property in Chennai, respectively. The group has assigned an investment of two billion Dirham for its current phase of development in India. The properties developed by ETA Star Properties will be managed by their [...]
Everyone has expectations from the Budget and it is reasonable to accept that the Finance Minister cannot please everyone. The Budget speech reflects the absence of any significant tax changes impacting the real estate sector. It was widely anticipated that the Finance Minister will clarify taxation aspects in relation to Real Estate Investment Trusts, or [...]
February 28, 2008 – 11:41 pm
Real estate firm Housing Development & Infrastructure (HDIL) on Wednesday said the private equity firm DE Shaw is investing $250 million in Mack Star Marketing, an HDIL group company. Mack Star Marketing holds development rights for a 54,000-metre commercial complex being constructed in Andheri. Last week, HDIL had transferred its development rights to this complex [...]
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