Tag Archives: Real Estate Sector

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 properties and [...]

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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 [...]

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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 (C&W) [...]

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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 view [...]

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Will Slowdown Stop The Journey Of Realty?

July 21, 2008 – 4:55 am

Today, there is talk of a slowdown as buyers are taking just a little longer to decide if they want to go ahead and take that decision now. Pranay Vakil, chairman, Knight Frank said, “Without a doubt, interest rates have made a difference. After all, the monthly outgo will increase”.
Taking a closer look at what’s [...]

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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.

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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 to [...]

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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 to [...]

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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 the [...]

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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 announcement [...]

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