The real estate developers on Thursday reacted sharply to the Bhubaneswar Development Authority’s (BDA) move to change the definition of “apartment” and “group housing.” Talking to reporters here, Confederation of Real Estate Developers Association of India (CREDAI) state president D S Tripathy said the new definitions are vague and will result in the harassment of people while [...]
By lata
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Posted in Real Estate News
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Also tagged BDA, bhubaneswar development authority, Confederation of Real Estate Developer’s Association of India, Credai, D S Tripathy, Developers., EWS houses, Odisha, policies, Realtors, State Government
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Private equity deals are alive and kicking in Indian real estate space even though headline numbers do not reflect the same due to the absence of big ticket investments. The total number of PE deals during the first quarter of CY 2012 has hit a three-year high, according to VCCEdge, the financial research platform of [...]
By lata
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Posted in Real Estate News
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Also tagged Capital Markets, director, financial research, indian real-estate, joint managing director, Jones Lang LaSalle-India, Kotak Realty Fund, Property Consultant, Q1, Shobhit Agarwal, V Hari Krishna, VCCEdge
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India’s growth story has many facets; one of the integral parts of growth – and arguably the most important one – is urbanization. In fast-growing economies, cities are significant investment and employment generators, which in turn carry the growth momentum forward. The sustainability and liveability of any city depends largely on the quality of its [...]
In a recent report, property broking and real estate consulting firm Jones Lang LaSalle said the Indian property market is poised to attract about US$3 billion, almost double last year’s US$1.6 billion, from overseas buyers this year. The Indian property market will see more investment from overseas this year as it still remains an attractive [...]
By lata
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Posted in Real Estate News
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Also tagged Bhopal, Chennai, Dubai, Home Buyers, Hong Kong, Indian property market, Indian Property Sector, Indian Property Show, Jones Lang Lasalle, Mumbai, National Housing Bank, NHB, Reserve Bank Of India, Singapore, South Africa, Sumansa Exhibitions, Suntec Exhibition Centre's hall, two-day exhibition, UK
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Real estate developer Brigade Group has opened its flagship retail venture Orion mall in Brigade Gateway Enclave, Bangalore. Spread over 8.2 lakh sq. ft., the mall houses a mix of global and national brands. Orion mall is developed and managed by Brigade Group and located in the Brigade Gateway Enclave that also includes the World [...]
By lata
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Posted in Real Estate News
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Also tagged Bangalore, Brigade Gateway Enclave, Brigade group, CMD, Columbia Asia Hospital, Galaxy Club, Jaishankar, Karaoke bar, New York, Orion Mall, PVR multiplex, Realty developer, Reliance Digital store, Sheraton Bangalore hotel, Star Bazaar, The Brigade School, World Trade Centre
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As per the report, by the Times of India newspaper, the primary beneficiaries were about 100 private and state companies that were handed contracts for 155 coal fields between 2004 and 2009 without going through a competitive bidding process. The report said that $210 billion — five times India’s annual defence budget — was a [...]
By lata
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Posted in Real Estate News
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Also tagged coal accounts, coal scandal, Congress Party, fast-growing economy, Goa state, India's treasury lost, Indian Parliament, mining scandals, private excavation companies, sports industries, Telecommunications, world’s third-largest coal producer
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December 17, 2010 – 4:02 pm
There is a practice of some large- and mid-sized developers accepting cheques for booking amount, without disclosing the rates per square feet and creating urgency amongst customers. In a recent case of a launch of a project by a big realty player, the initial rate at the time of launch was Rs 6,000 per sq [...]
December 13, 2010 – 6:38 pm
As the Delhi metro rail moves to the various parts of the national capital region, easing the day to day life of locals in the capital, market watchers term it as a perfect opportunity to expand its real estate business. Most of the people are seeking rental accommodation close to metro stations, which is making life [...]
December 3, 2010 – 11:39 am
The much acclaimed bi-annual India realty exhibition is going to be held in Dubai from 9th to 11th of December 2010, at Renaissance Dubai Hotel, deira, with the motto of “Your dream home in India now comes with a guarantee”, a great platform for Indian developers and HFIs trying to reach out to affluent Gulf [...]
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Posted in Real Estate Events
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Also tagged Bajaj group, Credai, Dubai, HDFC, Hiranandani, HSBC, INDIA REALTY EXPO - DUBAI 2010, K raheja corp, Kalpa-taru, MCHI, The International Indian
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December 2, 2010 – 4:38 pm
After the loan scam was unearthed last week, realty developers and companies providing home loan are finding it difficult to raise money from retail investors through corporate fixed deposits, despite offering coupon rates close to the maximum permissible limit of 12.50%. The retail investors have become very cautious of the investments they make in the [...]
November 22, 2010 – 11:26 am
India’s most prestigious awards dedicated to the estate industry, to celebrate excellence and brilliance with key industry representatives at “Real Estate Awards” presented by Franchise India Holdings Limited is scheduled to be held on December 2, 2010 at Hotel Ashok, New Delhi. The Real Estate Awards 2010 are given to practices which have consistently achieved [...]
Development of new connectivity can add immense value to an area. It not only provides opportunity to the developers to do more business but it also provides new options to end users. Best of all, it helps in containing the price rise of real estate in the main districts of a town. The newly built [...]
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Posted in Real Estate News
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Also tagged Apartment, Apartments, consortium, crossings, Developers., Greater Noida, highway authority, Homebuyers, immense value, implementation, Lakh, national highway authority of india, new bridge, nhai, possessions, sector 1, Sectors, South Delhi, Townships
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India’s leading integrated supply chain and logistics solutions provider Transport Corporation of India Ltd announced on Wednesday that its board has approved the demerger of its real estate & warehousing undertaking into a new company named TCI Developers Limited (TDL) which will be effective from April 1. The company emailed a press statement saying the [...]
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Posted in Real Estate News
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Also tagged Adequate Funds, Ahmadabad, Commercial Ventures, Construction Sector, Demerger, Equity Share, Existing Real Estate, Infrastructure Projects, Integrated Supply Chain, Logistics Infrastructure, Logistics Solutions, Metropolitan Cities, Nagpur, TCL, TDL, Transport Corporation Of India, Transport Corporation of India Ltd, Truck Terminals, Vineet, Wareouse Construction
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October 9, 2009 – 5:51 pm
Pune-based real estate developer Mr Nitin Nyati has made a foray into the hospitality segment with the launch of the Corinthians Boutique Hotel. Mr Nitin Nyati, Chairman-Nyati Group, said, “Entering the hospitality business was a logical extension of our existing Club business. After market research and analysis, we decided to create a destination hotel.” The [...]
October 9, 2009 – 5:50 pm
Nearly a quarter of the Rs 11,665 crore funding that five real-estate companies plan to raise through IPOs will be used to re- and pre-pay debt. Emaar MGF Land, Ambience Ltd, Lodha Developers and Kumar Urban Development have earmarked a part of the IPO proceeds for loan repayment. Sahara Prime City plans to invest the [...]
October 8, 2009 – 2:25 pm
An interest rate war is brewing in the home loans this festive season. Development Credit Bank (DCB) and GIC Housing offering home loans below the psychological 8%. DCB, which recently entered the segment, is offering home loans at 7.95% for loans up to Rs 5 crore at fixed interest rate for the first year and [...]
October 7, 2009 – 1:34 pm
PE investors in real estate projects are waiting for SEBI’s REIT Regulations so that they get an exit option once their investments mature. In the absence of REIT regulations, PE investors are unable to unlock the investments made in realty projects in the last 4-5 years. An estimated 3 – 4 billion dollars investments mostly [...]
October 5, 2009 – 5:40 pm
1. Doing a bit of research on the track record of builder can help. 2. For any real estate purchase it is preferable to make visits to the sites before buying them. This exercise is worth it not only because we are committing a large amount of money but also because reversing the decision proves [...]
October 5, 2009 – 5:30 pm
For promoting a planned and healthy real estate development of colonies and apartments in big cities, Union Housing and Urban Poverty Alleviation Ministry has drafted a bill and invited suggestions from experts. Kumari Selja-Housing and Urban Poverty Alleviation Minister- said, “The government has taken a major initiative in the shape of a model Real Estate [...]
October 5, 2009 – 3:23 pm
With “green shoots” becoming a byword for the ‘receding recession’, a new pattern may be emerging in the realty sector of South India — sell-out properties lock, stock and barrel, or reduce financial burden by signing up a joint venture wherever possible. This may lead to consolidation in a sector seen as rather unorganized. The [...]
October 1, 2009 – 2:05 pm
Real estate brokerage firm RE/MAX has commenced its Gujarat operations and plans to set up one thousand offices across India in the next five years, according to Mr Samir Chopra, Director. He said, “At present we are in Kerala, Tamil Nadu, Karnataka, Pune, Chandigarh, New Delhi and NCR. We will first go into the big [...]
September 29, 2009 – 5:36 pm
Ravi Jaipuria-owned Devyani International has inked a 60:40 JV with GMR to set up multiple food retail outlets at the Delhi International Airport. The details of the JV are still being worked out. The 250 crore rupees DIL, which is the Indian franchisee of global food retail chains Pizza Hut, KFC and coffee chain Costa [...]
September 29, 2009 – 5:12 pm
Real estate developer Omaxe Ltd may raise prices this financial year and plans to launch four new projects over the next two months on rising demand, its chairman said. Mr. Rohtas Goel said, “Demand might be robust. I will increase prices very soon, in single digits within this year”. The firm will invest fifteen billion [...]
September 29, 2009 – 1:11 pm
The reactions to real estate market are mixed. The looking up of this market in the US economy has raised some hopes in the Indian markets too. Various real estate companies have expressed that the market is looking up, and is likely to improve in the coming days, but some companies are skeptical and want [...]
September 28, 2009 – 2:01 pm
Vijaya Bank has prepared a blueprint for taking its business from NRI accounts to five thousand crore rupees by 2011. At present, NRI accounts contribute almost thirteen hundred crore rupees to its consolidated business volume. Vijaya Bank Chairman and MD Albert Tauro said, “We are working on ‘Mission NRI 5000’ to grow to five thousand [...]
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