September 25, 2008 – 11:14 pm
Mahindra Group’s real estate arm Mahindra Lifespaces is likely to join the ‘affordable’ housing bandwagon in a year, aiming the middle-income group.
“We are looking at opportunities to enter into the affordable housing sector, but it is still at the discussion stage. It may take one year to concertise the plan,” Mahindra Lifespaces Managing Director and [...]
By Rajani
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Posted in Real Estate News
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Also tagged Affordable Housing, Asset Class, Bandwagon, Chief Executive Officer, Gap, Housing Shortage, Income Group, Income Groups, Indu Projects, Inflation, Managing Director, Margins, Omaxe Ltd, Planning Commission, Private Developers, Puravankara, Real Estate, Shortfall, Shriram Properties
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August 29, 2008 – 2:19 am
As India continues its scorching pace of economic growth, many sectors that were not historically favoured by the government are gaining prominence. One such sector is real estate, which has a large employment generation potential and is a significant source of tax revenue. Additionally, this sector has attracted a large amount of foreign investment in [...]
By Rajani
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Posted in Real Estate News
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Also tagged Ambiguities, Complexities, Construction Activities, Contract Sales, Economic Growth., Employment Generation, Expanding Service, Foreign Investment, Immovable property, Indirect Tax, Indirect Taxes, K Raheja, Latest Addition, Prominence, Residential Apartment, Residential Complexes, Sales Tax, Tax Act, Tax Authorities
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August 27, 2008 – 2:54 am
Lack of clarity over foreign venture capital investments (FVCIs) in India has led to 83 applications from foreign venture capital firms piling up with the Reserve Bank of India for approval.
Of these, about 28 venture funds (non-real estate funds) which have sought approval have committed close to $10 billion to India, according to lawyers involved [...]
By Rajani
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Posted in Real Estate News
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Also tagged Asset Price Bubble, Bank Of India, Capital Inflows, Financial Sector, Foreign Direct Investment, Hiccups, Hirani, India Entry, Market Participants, Policymakers, Private Equity Firms, Regulators, Reserve Bank Of India, Sebi, Venture Capital Firms, Venture Capital Funds, Venture Capital Investment, Venture Capital Investments, Venture Funds
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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 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, Real Estate Developers Association, 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 Developers, Realty Companies, SEZ, Sezs, special economic zone
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August 19, 2008 – 5:00 am
The huge project is being developed and executed in Chembur, Mumbai by GA Builders, an “RNA Corp Group” company that would provide “New Homes” to more than 1950 tenants, according to a media release. The Subhash Nagar Colony, built by MHADA, is about 55 years old and comprises 57 buildings that house 36 members each. [...]
By Rajani
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Posted in Real Estate News
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Also tagged Group Company, Housing Project, Huge Project, Internal Roads, Maintenance Cost, Manoj, Mhada, Necessary Amenities, Playgrounds, Recreation Grounds, Rental Accommodation, Rna Corp, Sheer Scale, Tenements, Transits, Underground Water Lines, Uninterrupted Water, Water Supply, Zero Maintenance
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August 18, 2008 – 2:33 am
Transport Corporation of India, so far engaged in movement of cargo over land and sea, is planning to venture into the real estate sector with pan-India presence.
“We plan to get into the real estate sector as we have land bank all over the country,” TCI Executive Director Vineet Agarwal said.
The company has 200 properties and [...]
By Rajani
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Posted in Real Estate News
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Also tagged Commercial Projects., European Countries, Executive Director, Foray, Hong Kong, indonesia, Land And Sea, Presence, Singapore, Tci, Transport Corporation Of India, Warehouses
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August 11, 2008 – 12:45 am
Situated on the eastern part of Jharkhand, Dhanbad is fast rising, as a center of real estate business after Ranchi and Jamshedpur. It has a cosmopolitan culture as people from different parts of the country, mostly Gujarat and South India, have settled here because of the presence of Bharat Coking Coal (BCCL). This is the [...]
By manish
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Posted in Real Estate News
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Also tagged Capital Of India, Coal Capital, Coking Coal, Dhanbad, Insurance Offices, Investment Tool, Iron And Steel, Jharkhand, Ranchi, South India, Steel Company, Tata Steel, Underground Mines, Water And Power
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The general economic slowdown has started impacting the commercial real estate sector as was obvious by slower uptake during the April-June period of the year.
During the period, commercial real estate demand was only at 9.74 million square feet as against the supply of 18.07 million sq.ft, commercial real estate services firm Cushman & Wakefield (C&W) [...]
By manish
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Posted in Real Estate News
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Also tagged April, Chennai, Commercial Real Estate, Consumers, Corporations, Cushman Wakefield, Economic Slowdown, Economy, Ncr, Real Estate, Real Estate Services, Rental Values
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The cloud on real estate mutual funds (REMF) has lifted. The finance ministry has brushed aside RBI’s concerns of REMFs violating foreign direct investment (FDI) norms in the realty sector. North Block has said the central bank’s concern stating that REMF scheme notified by Sebi in April contradicted FDI norms was unwarranted.
The finance ministry view [...]
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