September 17, 2009 – 4:55 pm
Previous to the great economic doom caught up with the economy and the real estate sector, life for developers was relatively cushy. High-priced houses were being hawked. But when tomorrow did come, there were many lessons to be learnt. The foremost among them is, a residential project should appeal and target the majority to be [...]
September 15, 2009 – 6:37 pm
Indian mortgage lender LIC Housing Finance is raising up to $136 million through a share sale to institutional investors at a discount of 1.9% to 3.4% to its Tuesday closing price. The company was selling 10 million shares in a QIP offering at 650 to 660 rupees each in a deal handled by Citigroup, Enam [...]
September 15, 2009 – 4:52 pm
The Government-appointed Director and the promoters of Maytas Properties are near to brokering a deal that will help the unlisted entity address the main problem of liquidity to complete projects. This infusion of liquidity could be through bringing in another developer into the company as an investor by leveraging the large land bank created over [...]
September 12, 2009 – 3:45 pm
Fifteen real estate companies are waiting in the wings to tap the capital market to raise upto 6 billion dollars with the housing sector showing signs of recovery. This list includes Lodha Developers, Oberoi Constructions, Emmar MGF and Godrej Properties and many more. These firms wanted to come out with the IPO earlier, but held [...]
September 7, 2009 – 1:35 pm
HDFC Property Ventures and Temasek are in talks to invest about Rs 625 crore in the Bangalore-headquartered Prestige Group, as cash-hungry real estate companies continue to tap private equity funds to meet critical funding needs. HDFC’s real estate fund along with Singapore’s Temasek is in discussions with Prestige, which is seeking a valuation of $1 [...]
August 17, 2009 – 3:49 pm
The economic slump had a major impact on real estate. The price has come down over the last few months. People with a huge disposable income can explore investing in real estate for diversification of their assets. Reduced home loan interest rates and lower property prices makes it an opportunity hard to resist. Some investments [...]
Money by realty-focused PEs declined to over a four-year-low level in April-June quarter of this year as institutional investors remained uncertain in committing capital. Investors have turned carefull and are now looking at more established markets. In this quarter, 21 real estate funds made aggregate commitments of 10.3 billion US dollars, down 72.16% from 37 [...]
PropertywalaThe first quarter results of real estate major HDIL indicate a improvement in the domestic realty sector. Not only volumes, but also prices are now moving northward. Despite the fact that both sales as well as profit margins fell during the June quarter, the decline was less than expected and pace is also slackening. Revenues [...]
Photo by thinkpanamaLodha Developers is ready to deal a 10.3-acre plot in Central Mumbai for Rs 710 crore in what could be the biggest realty deal this year, a sign that the slump in real estate sector may have finally gone. Company’s director Mr. Abhishek Lodha declared the offer made to acquire the Finlay Mill [...]
Photo by j l tLodha Developers’ Rs 657.9-crore bid for the 10.3-acre Finlay Mill property in central Mumbai has not been cleared by the asset review committee of the National Textile Corporation. Bid was placed on 16th of this month. NTC’s asset review committee was to take a decision, as it was much lower than [...]
PropertywalaMid-cap real estate developers are expected to show a slump in sales by half to as much as 90% in the June quarter, as home buyers stay clear of purchases, as per a poll of brokerages. Margins are also seen squeezed as many launch cheaper housing to boost unit purchases, but the firms are expected [...]
There are various factors that must be discussed before purchasing property. One needs to consider factors such as economic growth outlook, interest rates, job security, demand, credit supply etc, understand the overall dynamics of the real estate sector. Rough estimates show that out of the total 100 percent real estate market the residential segment weightage [...]
Foreign developers are trying to attract Indian HNI (High Net Worth Individual). HNIs are people with net financial assets (liquid assets) of at least $1 million, excluding primary residence and consumables. India is projected to be the world’s third largest economy by 2050. A subsequent increase in the number of wealthy individuals, real estate consultants [...]
Unitech raised 575 million dollars by placing shares with overseas private equity funds at Rs 81 a unit. This clearly indicates the rising interest of foreign investors in the Indian real estate market. The company planned to raise only 200 million dollars, but as demand was huge, it decided to increase the issue size. The [...]
November 18, 2008 – 4:34 am
The liquidity squeeze-induced slump in demand has forced real estate leader DLF to fire some employees, put a number of hotel and housing projects on hold and yearn for 7% home loan rates. “We must have laid off some employees somewhere,” DLF Chairman K P Singh told reporters on the sidelines of India Economic Summit, [...]
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Also tagged Developers., Economic Summit, Estate Leader, High Interest Rates, Home Loan Rates, Hotels, Housing Projects, india, interest rate, K P Singh, Liquidity Crisis, Sidelines, Slump, Specifics, Supply And Demand
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November 17, 2008 – 5:37 am
Mahindra and Mahindra on Monday said there is no slowdown in its real estate projects, even as there is a slump in demand. “We are not slowing down on any of our projects. Jaipur is rocking, Chennai is doing well, city-based projects such as Faridabad are also doing well,” Mahindra and Mahindra Ltd Executive Mr [...]
October 21, 2008 – 6:20 am
Shares of Indiabulls Real Estate surged over 22% to Rs 131.15 on BSE Tuesday, while Indiabulls Financial Services climbed over 7% to Rs 105.60 after the company assured of not having any non-performing loan in its portfolio. The financial services company reported a net profit growth of 21.4% to Rs 136 crore for the second [...]
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Also tagged BSE, Central Banks, Financial Services Company, Indiabulls Financial Services, Liquidity Crisis, Loan Portfolio, Loan Repayments, Loans, Market Sentiment, Profit Growth, Realty Stocks, Shares, Television Channel
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October 17, 2008 – 5:31 am
The number of commercial property transactions has dropped off significantly in the past three months, according to a report by Real Capital Analytics – including in Asia. Macklowe, Fortress, Morgan Stanley, Aviva and GE are the world’s biggest sellers of real estate. Commercial property deals are down globally by 57% over the past year, with [...]
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Also tagged Commercial Property Transactions, Contraction, Credit Crunch, Deal Flow, Downturn, Estate Deals, Global Capital, Jv, Macklowe Properties, Morgan Stanley, Private Equity, Property Deals, Property Offerings, Property Sectors, Property Sellers, Rca, Transaction Volumes
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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 [...]
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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 Sector, Shortfall, Shriram Properties
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August 23, 2008 – 2:14 am
Foreign fund house Merrill Lynch Capital Markets has consolidated its stake in real estate major Ansal Properties and infrastructure to nearly 6%. Merrill Lynch Capital Markets Espana SA SV has acquired as much as 11.63 lakh equity shares representing 1.03% stake in Ansal Properties through secondary market purchase route. Prior to this transaction the foreign [...]
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Also tagged Acquisition, Ansal Properties, BSE, Capital Markets, Commercial Zone, Crore Rupees, Espana, Infrastructure, Merrill Lynch, Merrill Lynch Capital, Residential Zone, Share Price, Stake., Sv
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An old Mumbai neighborhood has made it to the list of the World’s ten most expensive addresses. A survey conducted by Wealth Bulletin, a UK based online news service has named Altamount Road, as the tenth most expensive street address in the world and the residents believe the honor is fully justified. Falguni Patode,Resident,Altamount Road, [...]
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Also tagged Addresses, Business Families, Distinction, Frank Knight, Greenery, Mukesh Ambani, News Service, Old Business, Parking Space, Pranay, Quaint Neighborhood, Residential Areas, Skyscraper, Square Feet, Street Address, Survey, Tatas, World Charm
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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 [...]
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Also tagged April, Chennai, Commercial Real Estate, Consumers, Corporations, Cushman Wakefield, Economic Slowdown, Economy, Ncr, Real Estate Sector, Real Estate Services, Rental Values
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Tech Mahindra announced a capex plan of Rs. 638 crore ($150 million) for next three years, 60% of which will go as investments in physical infrastructure such as buildings and real estate while 40% will be used for enhancing technology. The company plans to open new centres in Belfast (Ireland), Milton Keynes (UK), Chandigarh and [...]
Private equity firm ICICI Venture, a division of ICICI Bank on 4th July said it has arrived at an agreement with Tishman Speyer to sell its stake in their real estate joint venture to the US firm. ICICI Venture will sell its 50 % stake in TSI Ventures India Pvt Ltd, a real estate JV [...]
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