Healthy office space absorption in 2011-2012 inspite of slowdown in GDP, However 2012-13 seems bleak. Currently, the top seven cities of India that is Mumbai, National Capital Region, Bangalore, Pune, Chennai, Hyderabad and Kolkata together occupy 389 mn sq.ft of Grade-A office space. During 2010-11, a total of 38 mn sq.ft of new space was […]
Tag: Realty
Economy and Realty at Glance: In the Month of March 2012.
April 14, 2012 – 6:38 pm
The report highlights the revised service tax and its impact on the consumers, the deduction in TDS and the current scenario of the External Commercial Borrowing (ECB) apart from its emphasis on the Chennai Realty Market. Following are the key takeaways of the report: – Chennai leads the market in terms of number of units […]
Mirah Group to Grow into Realty Sector.
April 14, 2012 – 6:34 pm
Mirah Group, a diversified business group with interests in food and beverage (F&B), hospitality, travel and international trading, is scaling up its real estate business and consolidating it under a single entity, said a top executive. The group, which runs popular restaurant chains and food stores including Rajdhani, Mad over Donuts and Manchester United Cafe […]
IT Majors in big Realty Deals
December 7, 2010 – 4:17 pm
On the road to rapid recovery from recession, many large IT firms are signing up big commercial real estate deals in different parts of Bangalore. According to sources, Accenture has committed to take 8 lacs square feet in Pritech Park on the Outer Ring Road in Bangalore. HP and Wipro are said to have recently […]
Gujarat Realtor Radhe Moves Toward South
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 […]
Realty player RE/MAX in Gujarat
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 […]
Raymond to enter realty
September 18, 2009 – 4:35 pm
Textile company Raymond plans to move towards realty sector. The initial project would be to develop the surplus land of 15-20 acres in Thane, where its factory is located. Mr Gautam Singhania, Chairman and Managing Director, Raymond, said in a press conference that the primary focus would be in the residential segment and funding would […]
Fifteen realty firms waiting to enter market
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 […]
HDIL’s first quarter result shows recovery
July 30, 2009 – 7:26 pm
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 […]
Realty April-June net seen slumping
July 23, 2009 – 2:45 pm
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 […]
Is dream home affordable?
December 19, 2008 – 5:57 am
With PSU banks finally offering attractive interest rates for home loans below Rs 20 lakh, the assumption was that it would spur demand in smaller towns where housing is cheaper. As getting a Rs 20 lakh home loan just got cheaper at a 9.5% interest rate, buyers flock and builders revel, a welcome break after […]
Indian Realty Need Chinese Rules
July 24, 2008 – 5:47 am
It’s now quite evident that real estate companies are in for some difficult times. CRISIL not only foresees a delay in many planned and ongoing projects, it believes several players are over-leveraged and that the combination of sluggish demand and rising costs will lead to a shakeout. In particular, residential complexes, funded largely by customer […]
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 […]
Realty stocks gain ground
April 29, 2008 – 5:49 am
Realty stocks, which opened on a subdued note this morning, are among the prominent gainers in afternoon trade. Mirroring investor interest for these stocks, the BSE Realty index has spurted 3.7% now. Sector heavyweight DLF has gained nearly 7% at Rs 715. Unitech, a Nifty component, has posted a gain of 4.6%. Penland, HDIL, Sobha […]
Deutsche Bank Arm Views Scope In Realty
April 29, 2008 – 5:47 am
Just when it seems that the realty run is almost over, a Deutsche Bank arm has announced an investment of over $1 billion over the next three years in the Indian real estate sector. RREEF Alternate Investments, the global alternate investment management business of Deutsche Bank, today announced that it would invest over $1 billion […]
Multiple FDI projects may give relief to realty players
April 1, 2008 – 7:02 am
Real estate companies, who are bound by strict conditions for bringing in foreign direct investment (FDI), can now look forward to a breather. Companies developing several projects simultaneously are likely to get a waiver on meeting FDI conditions on some if majority of the projects are FDI-compliant. Realty companies are subjected to conditions such as […]
