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 […]
Tag: Real Estate Sector
Ten Billion Dollar Ready To Make India Entry Through FVCIs
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 […]
Bigger Players Are Looking For Trained Agents
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 […]
First Engineering SEZ In Haryana By Raheja Developers
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 […]
Lots Of Projects In Chembur
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. […]
TCI To Foray Into Real Estate Sector
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 […]
Prospect Of Real Estate In Jharkhand
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 […]
Slowdown In The Real Estate Due To Slowdown Of The Economy
August 6, 2008 – 4:23 am
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 […]
REMF Cleared By Finance Ministry
July 29, 2008 – 11:36 pm
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 […]
Problem With FDI In Real Estate
July 14, 2008 – 6:05 am
Before the globally-popular real estate mutual funds (REMF) take off here, RBI has raised a red flag. It has argued that the funds would lead to circumvention of foreign direct investment (FDI) in real estate that places limitations on foreign investors.
Government will scrutinize investments from tax-haven island nations
July 8, 2008 – 7:04 am
The government is planning to scrutinise investments flowing in from tax havens such as Andora, Aruba, Bahamas, Costa Rica and Dominica where investor details remain confidential due to banking policies. According to sources in the department of industrial policy and promotion (Dipp), the government is concerned about Indian residents parking money in the island nations […]
Cement Companies Affected Due To Real Estate Slowdown And Inflation
July 7, 2008 – 2:33 am
Higher input costs, low market valuations and scaled up capacity amidst reduced demand is likely to take its toll on the cement industry. The growth rate of the industry is projected to drop below 10 % for the current fiscal. According to a report by Edelweiss Research, weak fundamentals and mounting cost pressures are likely […]
Binani Plans To Tie Up With Real Estate Majors
July 7, 2008 – 2:32 am
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 […]
DLF Board Of Directors To Approve Buy-Back Of Equity Shares
July 3, 2008 – 7:10 am
India’s largest real estate company, DLF Ltd, said on 02nd july that its board of directors would meet on July 10, to consider and approve a buy-back of equity shares. The buy-back proposal comes at a time when the company has seen a sharp erosion in its share price over the past few weeks. The […]
Income Tax Dept To Scan Realty Deals For Evasion
June 30, 2008 – 12:52 am
If you bought or sold a house or a plot for more than Rs 30 lakh, then expect a knock from tax hounds. Real estate sector is high on the radar of the income-tax department, which is going to keep a close watch on buyers or sellers of property. Realty deal whose value is more […]
Rate Hike To Delay Realty Projects
June 26, 2008 – 1:00 am
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 […]
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, […]
Realtors Eye Huge Profits From Reasonably Priced Housing
June 16, 2008 – 12:47 am
Reasonably priced housing, the most neglected segment of the real estate sector, is now magnetizing significant investments from developers plus private equity funds. While real estate majors like Ansals and Omaxe are planning low-budget housing projects in smaller towns and cities across the country, private equity players are firming up huge investments for this sector.
Realty Feeling Heat Of Market Meltdown
June 7, 2008 – 12:02 am
The real estate sector seems to be at the receiving end of the market meltdown, with the DLF scrip ending below its issue price. For the first time after its listing, the stock of India’s largest real estate developer closed below its issue price of Rs 525 at Rs 519.95. Although it was closing at […]
Slowdown And Falling Market Demolish Real Estate Stocks
June 3, 2008 – 12:52 am
The uncertainty in the capital market has hit realty stocks the hardest. The BSE realty index is the worst performer this year, having shed 51% of its 52-week peak reached in January. With increasing evidence of a slowdown in the realty sector, rising input costs and little chances of interest rate softening, experts feel realty […]
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, […]
Airports to emerge as business hubs
May 19, 2008 – 3:39 am
NEW DELHI: All new airports in the country will emerge as business nucleus with world class office, hospitality and retail space. The modernization and development of airports will not only provide the facelift to respective cities but also improve the real estate sector, said a report by Cushman & Wakefield.
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 […]
