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Investor accounts at NSDL, CDSL cross 2 crore
NEW DELHI: The cumulative number of investor accounts at the country's two depositories NSDL and CDSL stood at 2.22 crore as of July-end - an addition of more than 9 lakh investor accounts year-on-year. The total number of investor accounts at th ...
 
 
DDA Housing Scheme 2014 to open from September 1
The DDA on Friday announced its much-awaited 'Housing Scheme 2014' - offering over 25,000 flats across various categories while scrapping the proposed plan to reserve 80 per cent flats for the city-dwellers in it. The new scheme offers flats ranging ...
 
 
Donald Trump Launches Trump Tower in Mumbai
American real estate mogul Donald Trump is planning "substantial investments" in the Indian property and hotel sectors, betting on Prime Minister Narendra Modi's efforts to revive the economic growth and boost infrastructure "I do see India as a g ...
 
 
Reliance Retail Set to Shut 100 Fresh Stores
NEW DELHI: Reliance Retail, a subsidiary of Mukesh Ambani-led Reliance Industries, is planning to shut down over 100 Reliance Fresh stores that largely sell fresh produce and groceries, as it increases its focus on India's $450 billion wholesale cash ...
 
 
Mumbai is Top Draw For Property Investors
Mumbai remains the top favourite of property buyers with preferences for flats and bungalow, followed by Bangalore and Chennai as the next important destinations, according to a new survey released in Mumbai on Wednesday. The survey, conducted by In ...
 
 
Property Market Experts Sebi Agreeing to set up real Estate Investment Trusts
MUMBAI: Property market experts have welcomed the Securities and Exchange Board of India's (Sebi) green signal to set up real estate investment trusts (REITs). It will fund builders constructing commercial properties. "REITs being given a go ahea ...
 
 
Where money lives: India’s most affluent pin codes
Using data from various sources including Census 2011, geographic information system (GIS) data, satellite imagery and a host of analytical techniques using small area statistics and neural networks, Indicus has been able to decipher how affluence ca ...
 
 
Investment Opportunities Along the Delhi-Jaipur Belt
Rohan Sharma Jones Lang LaSalle India The 250-kilometer stretch between Delhi and Jaipur has become a hotbed for real estate development, with areas like Manesar, Dharuhera, Bhiwadi, Neemrana, Kotputli and Alwar becoming the new catchwords for ...
 
 
HDFC presents India Home Fair
For NRIs wanting to own a home, back home in India - this is an opportunity to inquire about prime properties from across India. HDFC Ltd, India's Premier housing finance company is hosting 'India Homes Fair', a property event exclusively for the NRI ...
 
 
English cricketers keen to own real estate in India
NEW DELHI: With property prices in India soaring through the roof, some of England's top cricketers have expressed interest in owning real estate in India. According to sources close to the team, at least five England cricketers have already initiate ...
 
 
What's In Store for Indian Real Estate in 2013?
Bangalore: In 2012, the market has brought discouragement for the developers in real estate which is why it is now a big question on how the market performance would be in 2013. This article speaks about the insights of India’s real estate market in ...
 
 
Now India to host real estate luxury show
New Delhi, Jan 24 (IANS): After fashion weeks and wedding exhibitions, India is now set to welcome a first-of-its-kind Real Estate Luxury Show (RLS India 2013), which will serve as a platform for showcasing the properties of the country's real estate ...
 
 
Key trends to watch out for in Indian real estate this year
The year 2012 closed with a few notes of positivity as the inflation was below the Reserve Bank of India’s (RBI’s) projected levels and the Index of Industrial Production (IIP) growth increased in the last two months of the year, giving new hopes for ...
 
 
Essential guide for NRIs investing in Indian real estate
In the aftermath of the Sub Prime crisis in the US and the sinking real estate segment in the EU nations, NRIs have been looking homewards for investing in real estate in past couple of years. Additionally the depreciation of the rupee in the last ye ...
 
 
Real estate sector makes a pitch for infrastructure status for housing
Hit by slackening demand amid economic slowdown and high interest rates, the real estate sector has asked for infrastructure status for the housing sector in the Budget for 2013-14, which would help it avail of tax benefits and easier flow of credit. ...
 
 
India Ratings revises outlook for realty
India Ratings on Wednesday revised its outlook for the country's real estate sector for 2013 to 'stable' from 'negative' as the Fitch group company sees signs of improvement in margin and liquidity of developers. "An encouraging trend noted by Ind ...
 
 
Real estate sector sees better cashflow: Report
CHENNAI, JAN. 16: Real estate developers are better off now in terms of cash flows and debt-servicing ability than they were last year, according to Fitch Group’s India Ratings & Research. On the outlook for the sector in 2012-13, India Ratings ...
 
 
Signs of improvement visible in real estate: India Ratings
India Ratings has revised its outlook for the Indian real estate sector to negative to stable for 2013, from negative in 2012. Demand remains subdued and EBITDA margins low, leading to weak credit metrics for companies in the sector. The agency howev ...
 
 
Delhi NCR Real Estate Market Seeks High Demand From NRIs
Bangalore: Large number of Indian living abroad (NRI) are willing to return to their homeland (8-9percent). Real estate market in India plays a key role for NRI population to invest in their homeland. In 2012, it is observed that 40 percent of the q ...
 
 
Realty sector banks on key bills for recovery
Kolkata: India's realtors, who saw lackluster business last year, are keeping their fingers crossed, hoping for better market sentiments this year. They are also banking on vital legislation that the government is set to introduce in next month's bud ...
 
 
PMO steps in to expedite pending Real estate bill
With differences between two ministries -- Housing and Urban Poverty Alleviation and Urban Development – threatening to further delay the long pending Real Estate Regulatory Authority Bill, the Prime Minister’s Office (PMO) has stepped in and directe ...
 
 
Centre to introduce Real Estate Regulatory Authority Bill
NEW DELHI: Withstanding objections from real estate bodies and industry pressure groups against the proposed Real Estate Regulatory Authority Bill, the housing and poverty alleviation (HUPA) minister Ajay Maken, on Tuesday, said the bill will be intr ...
 
 
Realty In 2013: Will The Sector See Little Hope?
Bangalore: Last year has been a challenging year both for developers and home buyers. According to market analysts, certain issues which the real estate market witnessed in 2011 may continue this year as well because Delhi-NCR and Mumbai Metropolitan ...
 
 
An optimistic future: Government's concern towards real estate fuels hopes
MUMBAI: Developers across the city are expecting favourable policies and industry status in the New Year. While the end of 2012 witnessed the initiation of a few regulations by the government benefitting the realty industry, 2013 can be considered ...
 
 
A positive outlook: Top honchos hopeful on regularisation of the realty sector
MUMBAI: The year 2013 can be seen as very beneficial for the real estate industry. Here is what the top honchos of the realty sector hope from the year ahead: Manish Mehta Vice-President, India Homes The year 2013 brings regularisation largely ...
 
 
Rajasthan realty expo a top draw
KOLKATA: A number of real estate and property builders from Jaipur, the Pink City, are in town to participate in the first ever Rajasthan Property Expo 2013, presented by The Times of India. The two-day event was inaugurated on Saturday by designe ...
 
 
Retail, banking, infra & real estate attractive bets for 2013: LSI Financial Services
NEW DELHI: Shantanu Deb Mookerjea, Executive Director at LSI Financial Services has identified retail, real estate, banking and infrastructure as four attractive sectors for investment in 2013. While the rise in consumption makes retail a good sector ...
 
 
Real estate developer's earnings to improve in 2013
COIMBATORE: Earnings of real estate developers, who have been hit by high costs and interest rates, would improve in 2013. "Sustained growth in demand, expected to improve on interest rate cuts likely next year, will be a key determinant for the impr ...
 
 
Demand from IT and manufacturing sector employees to drive Pune real estate in 2013: JLL India
MUMBAI: Pune's residential real estate segment will see stronger demand in 2013 from IT/ITeS and manufacturing sector employees, Mumbai-based investors and NRIs looking to invest in stable market, property consultancy firm Jones Lang LaSalle India h ...
 
 
Real estate: Better prospects expected next year
CHENNAI: The Indian real estate sector is hoping that many of the bills pertaining to the sector will be passed in Parliament next year. "The passage of two crucial bills namely the real estate regulation bill and the land acquisition bill would b ...
 
 
Real estate trusts may get govt nod to invest in rental property
NEW DELHI: The government is working on a proposal to allow real estate investment trusts (REITs) to participate in the country's rental housing market. Housing and urban poverty alleviation minister Ajay Maken told ET that his ministry is framing ...
 
 
Real estate sector likely to revive in 2013: Experts
MUMBAI: After a long lull, the year 2013 is expected to bring back hopes of growth to the real estate sector, mainly due to the government's positive approach towards reforms and moderation of interest rates, experts say. Land Acquisition and Rea ...
 
 
Rajasthan hailed for linking policy with Central plan
JAIPUR: Rajasthan's flagship programme of affordable housing has resonated in the Centre with the UPA government urging all states to ape the model. The centre's recommendation comes after the project was discussed during the annual convention of the ...
 
 
Seven townships planned along Delhi-Jaipur expressway
NEW DELHI: Drawing upon the Delhi-Agra Expressway model, the government is set to allow development of seven new townships spread over 20,000 hectares along the proposed Delhi-Jaipur Expressway, resulting in a fresh real estate rush along the 265-km ...
 
 
FDI ceiling in Asset Reconstruction Companies raised to 74%
NEW DELHI: Foreign investment ceiling in Asset Reconstruction Companies (ARCs) has been increased to 74% from 49%, a move aimed at bringing more foreign expertise in the segment. However, FDI in ARCs would need to comply with the foreign direct i ...
 
 
Growth rate to improve in second half of FY13: Montek
The government is doing a lot to push growth but the impact of its efforts will be felt in the second half of the fiscal when the expansion rate will show some improvement, Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Thursday. ...
 
 
Luxury segment of real estate market in city on road to recovery
PUNE: After a lull of over a year, the luxury segment of the city's real estate market has shown signs of a comeback. Realty sector experts say that there has been a steady increase in luxury projects across cities in India and Pune is a big contribu ...
 
 
Indian real estate to see revival in 2013, says study
Chennai: The Indian property market is likely to recover in 2013 as the policy and regulatory environment is expected to have a positive impact on the sector, according to a Knight Frank India report. The passage of the real estate regulation Bil ...
 
 
FDI in retail is all about real estate
Forget buying stocks of retailers on the decline after FDI for retail is cleared, it is the real estate companies that will be the biggest gainers. Communications and IT minister Kapil Sibal in his speech on the ongoing debate in the parliament said ...
 
 
Secura launches real estate venture capital fund
The Kozhikode-based Secura Investment Management (India) Pvt Ltd has launched its second scheme of Secura India Real Estate Fund with a fund size of Rs 50 crore. Secura India Real Estate Fund is the first SEBI registered real estate venture capit ...
 
 
Special purpose vehicles to steer logistics, transport growth
The market for special purpose vehicles in the country is poised for significant upside as the transportation and logistics on the national highways and within cities is set for rapid growth, according to experts in the trucking business. During ...
 
 
Kerala to amend building rules to push vertical growth
KOCHI: To encourage vertical growth in the state\'s housing sector, the state government is all set to bring in drastic changes in the Kerala Building Rules. Real estate firms have been lobbying for a policy favouring the industry, since amendments w ...
 
 
84% of tea sold at Coonoor auctions
About 84 per cent of the 19-week high volume of 14.93 lakh kg offered at Sale No: 49 of Coonoor Tea Trade Association auctions was sold. Homedale Estate tea, auctioned by Global Tea Brokers, topped the CTC market when Raj Traders bought it for Rs ...
 
 
Top Real Estate Developers Take Part in South India Property Show
\'Eyeball Media Private Ltd\', the prominent organizer of lifestyle events in South India, in association with \'Response Events & Exhibitions – Kuwait\', organized South India\'s largest property exhibition, \'South India Property Show\', a two-day ...
 
 
Global Investors Take Fresh Angle in India
Global investors got burned badly in Indian real-estate a few years ago. Now, a handful are trying anew—but with a different strategy. In the largest commercial real-estate deal in India this year, private-equity firm Blackstone Group BX +0.94% ma ...
 
 
The value of India real estate - From sprint to marathon
In mid-2010, India`s investment grade real estate that was under construction joined the 100-billion-dollar club. Currently, the value of the investment-grade real estate under construction in India is estimated to be USD 173.9 billion (nearly 35% mo ...
 
 
FDI in Retail: Its impact on the retail & realty sector
FDI in multi-brand retail will have two fold impact on the Indian real estate sector. Firstly it will increase demand for anchor space in one million plus cities where the state governments agree to permit foreign retailers & secondly there is a poss ...
 
 
Indian Lawmakers to Vote on Retail Opening as Singh Seeks Boost
Lawmakers will today vote on whether they support the government’s decision to allow overseas retail chains to enter India, with Prime Minister Manmohan Singh seeking a victory that may enable him to silence criticism of his biggest embrace of foreig ...
 
 
Global Commercial Real estate to touch $ 300-bn mark
Reflecting improved investor confidence, investment in commercial real estate globally is expected to witness a “healthy” growth of 40-50 per cent to $300 billion in the current year, says a report. According to the report by global real estate servi ...
 
 
Global commercial real estate to touch $300 bn mark
Reflecting improved investor confidence, investment in commercial real estate globally is expected to witness a “healthy” growth of 40-50 per cent to $300 billion in the current year, says a report. According to the report by global real estate servi ...
 
 
RBI Propose changes in private Bank Provisions-Makes it difficult for Banks with Insurance Ventures to attract FDI
In an indication of continuing differences over the new foreign direct investment policy, the central bank has proposed changes in the provisions relating to private banks that will make it difficult for them to attract foreign investment if they hav ...
 
 
DLF Puts on hold its Plan to Sell Non-Core Assests
DLF, India’s largest real estate company, has put on hold its plan to sell its non-core assets including ultra-luxury hotel chain Aman Resorts and wind energy business for the next three quarters, said Rajeev Talwar, MD at DLF Developers In July, the ...
 
 
HDFC Increases its Retail Prime Lending Rate(RPLR)
After a gap of two years, mortgage leader HDFC has increased its retail prime lending rate (RPLR) by 50 basis points to 14.25 per cent. Significantly, the lender has not said anything on the continuation of its “teaser rates loans”, launched late la ...
 
 
Bangalore Based Firms Plans to Raise Rs.100crore through NCDS
Century Real Estate, a Bangalore-based full-service real estate development company recently raised Rs 100 crore through a private placement of non-convertible debentures (NCDs). The company, which has plans to launch seven projects, will use these f ...
 
 
Aditya Birla Group to Expand its Luxury Retail Chain
Aditya Birla Group, promoted Madura Garments Lifestyle Retail today said it will set up its high-end luxury stores -’The Collective’ in three new cities next year, besides expanding in the existing locations. The company currently operates two stores ...
 
 
Realtors Express Satisfaction On Tax Exemption in Housing Loan Segments
Realty firms and consultants have expressed satisfaction on the proposal to retain income tax exemption on interest up to Rs 1.5 lakh a year on housing loan, but said the government needs to enhance the limit. “It is a very good thing that the govern ...
 
 
Consumer Affairs Ministry Gives Green Signal to 49% FDI in Multi Brand Retail
The Consumer Affairs Ministry has given the green signal to allow 49 per cent FDI in multi-brand retail. It has written a letter to this effect to the Commerce Ministry. India currently allows 100 per cent FDI in cash-and-carry operation and 51 per c ...
 
 
India Wins Property Tax Battle With New York City
India has won a seven-year legal battle with New York City with a federal appeals court ruling that nations with diplomatic housing do not have to pay city property taxes. The unanimous ruling by the federal Second Circuit Court of Appeals in Manhatt ...
 
 
Property Oversupply can Lead to another Real Estate Bubble
With India’s real estate market brimming with new launches, investors need to exercise caution while choosing projects. Leading private equity investor Gaurav Dalmia , founder chairman of realty-focussed Landmark Holdings that is investing $225 milli ...
 
 
Govt Approves 12 FDI Proposals Worth 23.06 Billion Rupees
The government has approved 12 foreign direct investment proposals worth 23.06 billion rupees ($ 500 million), said a finance ministry statement. The Foreign Investment Promotion Board (FIPB), the nodal agency, said that it has deferred 15 foreign i ...
 
 
Opportuinties For Small Investors In Real Estate Sectors
In India, small real estate investors currently do not have as much scope as institutional investors. They can hold multiple properties, but banks will generally not fund beyond a second home loan. That does not mean they cannot invest beyond that fr ...
 
 
Commercial Real Estate Faces The Problem Of Supply Overhang
India’s realty sector is likely to face the problem of plenty with office rental space set to outstrip demand resulting in a further drop in rentals, according to a report released on Tuesday. “With the forecast growth of net completions expected to ...
 
 
Residential Real Estate Prices Hitting Peak Level- HDFC
country are hitting the peak levels observed pre-slowdown. “There is an improved economic sentiment and developers have started charging premiums as land prices have also suddenly started going up…prices are getting to the peak levels,” HDFC’s Chairm ...
 
 
29 pc Slump in Realty Focusd PE Funds
Money raised by realty focused private equity funds tanked to a six year low of USD 7.3 billion across the globe in April-June period of this year as institutional investors remained hesitant about committing capital. According to a report by global ...
 
 
HCC Announces Rs.2,ooo crore IPO
Hindustan Construction Company has announced that its subsidiary Lavasa Corporation, obtained board approval for an IPO of up to Rs 2,000 crore of fresh equity shares, subject to market conditions and obtaining necessary regulatory approvals. Lav ...
 
 
HDIL Announces Q1 Results- Reports 52.26% Rise in Revenues
New Delhi Housing Development and Infrastructure Limited (HDIL), a leading real estate developer has announced its results for Q1 ended 30th June 2010. The Turnover stands at Rs. 450.92 crores and PAT available for appropriation is Rs. 234.31 crores. ...
 
 
Jaipal to inaugurate BRTS today
Jaipur: The much-awaited Bus Rapid Transit System (BRTS) “Jaipur Bus”will finally be inaugurated on Saturday.The service has gained a lot of public interest and a bit of protest during the trial run over the past few weeks. The project will be forma ...
 
 
JDA gears up to give parks a makeover
> One of the projects in pipeline is Saheed Bhagat Singh Park > A budget of Rs10 crore has been approved for this park > JDA has already experimented with parks on theme of candles which has become very popular (JDA) is now gearing up to develop th ...
 
 
No change in home loan rates
Retail bank customers need not worry about any rise in the equated monthly installments (EMIs) on their home loans with banks expected to absorb the rate hikes by Reserve Bank of India. The special home loan rates of banks will continue for now. OP B ...
 
 
Unitechs new brand for affordable homes
Unitech, the countrys sec-ond-largest property developer, plans to launch a new brand, Uni Homes, for affordable housing projects. These projects will be priced at Rs 10-30 lakh, a company official said. The first project under the brand will be in C ...
 
 
Virars low-cost rental plan to house 1L families
The government\'s low-cost rental housing scheme took a leap forward with the announcement of a mega infrastructure project for housing 1.33 lakh families on a 525-acre site, west of Vi-rar station. The project, a joint effort between the Mumbai ...
 
 
Tata Housing to offer more low-cost homes
Housing Development Company has said that it would increase the number of low-cost homes to be built at Boisar, nearly 100 km from the city, from 1,000 to 1,300. Last month, the company announced the launch of its low-cost homes on eight acres. The ...
 
 
Nahar Group offers flats at reasonable rates
Nahar Group, one of the leading real estate developers in the country, announced to offer luxurious flats at very affordable prices in two 20-storeyed residential towers, Jonquille and Jamaica, containing exclusively 2-BHK flats at its prestigious co ...
 
 
After the car, Tatas to roll out nano homes
Tata Housing To Offer 1,200 \'Value Homes\' In The Rs 3.9 Lakh To Rs 6.7 Lakh Range Near Mumbai. TATA Housing, a subsidiary of Tata Sons on Wednesday, announced that it would be offering \'value homes\' at affordable prices under its \'Shubh Gri ...
 
 
Indiabulls to launch eight projects this year
Property developer India-bulls Real Estate (IBREL) plans to build residential projects over 9.8 million square feet in the current fiscal year to generate cash flows. The Mumbai-based developer planned to launch eight projects in six cities as part ...
 
 
TMCs Rs. 800 crore social Housing Project
Tanaji Malusare City (TMC), spread over 100 acres, is coming up at Karjat, about 60 km west of Pune, consisting of no less than 5000 homes of 160, 225, 325 and 400 sq.ft. carpet areas, costing Rs. 2 lakhs, Rs. 3 lakhs, Rs 5 lakhs and 7 lakhs respect ...
 
 
Ansal Plans 10000 Affordable Homes
Ansal Properties and Infrastructure plans to invest about Rs. 500 crores to develop 10000 affordable homes priced between Rs. 2.5 Lakhs and Rs. 9.5 Lakhs. The housing units, which will come up in UP and Rajasthan, are expected to be ready for deliver ...
 
 
‘Perfect’ Affordable Homes From Akruti
Mumbai based developer, Akruti City, has shifted its focus from hospitality, retail and township projects to affordable homes. Under the brand name of just perfect Homes, it will build homes priced at Rs. 22 lakhs- Rs. 32 Lakhs. In the first phase, t ...
 
 
Rs. 40000 crore ‘water front city’ planned
The Hindustan Construction Company has signed an MoU with the Gujarat Government to develop a ‘Water Front City’ at Dholera, located in the Delhi-Mumbai industrial corridor, with an investment of Rs. 40000 crores. The development would ...
 
 
Developers Target the Bottom Segment to Generate Liquidity
Unitech, Omaxe, Raheja, Tata Housing and Ansal API are planning new projects in the suburbs of satellite towns or smaller cities to target the bottom segment, to generate more cash. New Delhi-based Unitech and the Raheja group are planning to build s ...
 
 
Sobha Developer Cuts Workforce by 30%
Sobha Developers Ltd, a leading realty firm in south India, has witnessed its monthly revenue reduce by more than half, from Rs120 crore to Rs 50 crore. With sales down, Sobha has been forced to cut its 3,000-strong workforce by about 30%, to 2,170. ...
 
 
Chennai to have 6 More Malls Despite the Slump
The slowdown may have stalled construction projects across the country, but Chennai is set to get six to eight new malls in the next couple of years, replete with food courts, cinema theatres, gaming arcades and shops. “In another two to three ...
 
 
Government Backs Orange Realty’s Subsidiary Plan in India
The Government today allowed Orange Realty to set up a wholly owned subsidiary in India. The company has already received Rs 2,051 crore from IREO Investment Holding III, a Mauritius-based fund focused on setting up SEZ, IT/BPO Parks, and development ...
 
 
City Corporation to Build India’s First Digital Township
SAP India today announced that City Corporation Ltd, a real estate promoter and builder in Maharashtra, has successfully gone live on SAP ERP to help accelerate its business expansion plans. This includes building 50,000 houses across five townships ...
 
 
International Real Estate Giant RE/MAX Opens Office in Delhi
Real estate giant RE/MAX International recently opened in India with a new branch in New Delhi. After the signing, RE/MAX Chairman and Co-Founder Dave Liniger introduced over 100 employees to the new owner of RE/MAX India, Samir Chopra. India is one ...
 
 
DLF proposal to build township rejected
The West Bengal government has rejected DLF Ltd’s proposal to build a 500-acre township at Dankuni in the suburbs of Kolkata, according to the state’s principal secretary Subesh Das. Though in July 2006, the state government had chosen ...
 
 
More transparency in land use in Rajasthan
Promising to bring more transparency in land use in the state, the government on Thursday amended the Section 90-B of Rajasthan Land Revenue Act. Altogether, the urban development ministry has made 11 major changes in the Act, which have come ...
 
 
DLF cuts rates by 20-30% in Chennai, Bangalore
Country’s largest real estate developer DLF has cut its prices in its on- going projects in Chennai and Bangalore by 20-30%, and has extended this benefit also to those customers who had earlier bought homes in these projects. Existi ...
 
 
SBI’s interest subvention scheme to trigger sales in the Realty market
Home loan borrowers in the eastern metropolis may have a reason to smile: the country’s largest lender, the State Bank of India, has introduced an interest subvention scheme that hopes to trigger sales, (and not prices) in the badly-bruised rea ...
 
 
Aditya Birla expands into Real Estate
Aditya Birla Management, the Mumbai based conglomerate best known for its metals and materials businesses, is to set up a real estate and private equity arm for its wealth management units. According to a report by the Asian Investor, chief execut ...
 
 
Realtors likely to divert surplus FDI to Realty Projects
Commerce and industry ministry is likely to waive end-use restrictions and allow realty developers to divert surplus foreign direct investment to real estate projects where it was not allowed so far. According to the norms, FDI is allowed only in pro ...
 
 
Geojit Financial Services launches Property Services Division in Kochi
Geojit Financial Services on Wednesday launched its property services division, which will offer investors and builders a single transparent platform to buy/sell office and commercial spaces and residential apartments/flats. The new division will ...
 
 
Matheran Realty begins commercial space sale
Mumbai, Feb. 16 Mumbai-based Matheran Realty, among the first to move into the low-cost housing segment, has begun sale of 50,000 sq ft of commercial space in its affordable housing project at Karjat, which is 100 km from here. The retail space is ...
 
 
No sops for Realtors in Budget
Revival in the realty sector is likely to be delayed by at least six months as the interim budget did not announce any sops to the housing sector as anticipated by many companies. Sentiments of home buyers have not completely improved yet. The gov ...
 
 
Bailout for Realty Firm
Cash-strapped realty major Emaar MGF may turn out to be the first major beneficiary of a government package in the real estate sector, thanks to its partnership with Delhi Development Authority (DDA) for the 2010 Commonwealth Games village project in ...
 
 
Fairmont Hotels & Resorts extablishes presence in Asia
Global hospitality leader, Fairmont Hotels & Resorts, has further expanded its global footprint by introducing the company\'s collection of distinctive hotels and worldwide reputation for excellence to the Asia Pacific region.The forerunner of major ...
 
 
KGEYES to launch residential project
Chennai-based KGEYES Residency Pvt Ltd is set to launch a residential project in the upmarket Kalakshetra colony, a premium residential area in South Chennai. According to company officials, KGEYES is making a special offer in the 92-apartment pro ...
 
 
Radisson Delhi to invest Rs 800 crore
A B Hotels-promoted The Radisson Delhi is investing around Rs 800 crore over the next four years for opening eight more hotels in the country under the brands of Radisson, Park Plaza and Country Inn. \"We are currently operating two of the Radiss ...
 
 
Mahindra Lifespace To Go Green
Mahindra Lifespace Developers Ltd, the real estate arm of the Mahindra Group, is planning to make all its future residential buildings green. The company would set aside Rs. 400 crores as an investment budget for this purpose. Besides that, it has ea ...
 
 
Akruti To Focus On Affordable Home Projects
Mumbai-based developer, Akruti City, which was mainly into development of hospitality, retail and township projects, has decided to shift its focus to affordable homes. Under the brand name,Just Perfect Homes, the developer will develop homes priced ...
 
 
Unitech’s Rs. 2,500-cr Hotel Plan
Unitech Ltd plans to invest about Rs 2,500 crores to develop 35 hotels across the country over the next seven years. The hotels would come up in the National Capital Region (NCR), Kolkata, Chennai, Goa, Mysore, Bangalore, Hyderabad, Chandigarh, S ...
 
 
Tier II and III Cities Get Developer’s Attention
Vipul Real Estate, one of the reputed real estate companies in India has now started concentrating on the ‘Temple City’ of Bhubaneswar. “The realty buzz has now moved to tier II and III cities with growing aspirations, income levels ...
 
 
DLF’s luxury project in Kerala
DLF Homes is planning to launch a super luxury commercial-cum-residential project on a prime location in Kochi. The design, amenities and facilities will craft a new dimension to the concept of luxury.” Though there is a slowdown, it has not in ...
 
 
Amrapali Ties Up With THG for Udaipur Hotel
Amrapali Group, the real estate developer has recently joined hands with ‘Intercontinental Hotel Group (India) Pvt. Ltd for the new hotel cum resort project Crown Plaza in Udaipur. The JV also marks the entry of Amrapali into the hospitality se ...
 
 
DSK Group launches housing projects in the US
Pune-based DSK Group, has unveiled two high-end mega housing projects worth Rs 1,080 crore in the US. The projects are located in New Jersey, which has a large Indian-origin population. “Despite recession in the US, we received an overwhelming ...
 
 
Rs. 25,000-crore Investments For TN SEZs
The proposed IT parks in special economic zones (SEZs), promoted by the Electronics Corporation of Tamil Nadu (Elcot), across seven southern districts of the state are likely to attract Rs 25,000 crores in investments. The parks are coming up in Sale ...
 
 
DLF Plans 500 Acre Township Project in Kolkata
DLF Ltd has proposed building a 500-acre township at Dankuni in the suburbs of Kolkata, abandoning plans to develop a 4,840-acre township in the same area, which was to be its biggest project in eastern India. In July 2006, the West Bengal government ...
 
 
Indian Developer Plans Mega Home Project
A housing project with 2,000 properties up for grabs is to become the third mega-project to be built by an up-and-coming Indian developer. Indu Projects Limited announced Indu City in Bachupally, Hyderabad, would also be designed and built by America ...
 
 
HDFC Deducts Interest Rates on Home Loan for New Borrowers
Housing Development Finance Corp (HDFC), the largest home loan lender is cutting interest rates on home loans. This comes after it cut rates in mid December by 0.5 per cent. It says it is looking to reduce home loan rates for new borrowers. HDFC S ...
 
 
JMD Steps into Hotel Industry
There is sudden activity in the hospitality and real estate businesses, despite the slowdown in this space. The Rs 140-crore real estate company JMD Group has forayed into the hotel business in India by roping in the US-based hospitality group Hilton ...
 
 
Second Big Financial Package By Government
The government on Friday announced an insipid package to revive the economy which, most experts feel, will do little to reverse slowing growth or lift the gloomy spirits of businessmen. The package of measures includes cuts in interest rates, a Rs 2 ...
 
 
Foreign companies are ready to invest in real estate sector
Although there is a recession in real estate market of India, many foreign companies are planning to invest in real estate market in India. Millenium Spyer a company of Millenium Group of Britain will invest Rs. 1500 crore in India. Morgun Stanley wi ...
 
 
Houses will become affordable in new year
The dream of making and buying a house can be fulfilled in new year, as construction and buying will be cheaper in this year. this would be possible because of 25% downfall in the prices of realty . Specialitists have the opinion that this year will ...
 
 
Goldman Sachs Buys A Rs 30 Crore Stake In Indiabulls Real Estate
Foreign fund Goldman Sachs Investments Mauritius (India) has bought shares worth Rs 30.84 crore in Indiabulls Real Estate through open market transactions. As per the information on bulk deals available on the National Stock Exchange, Goldman Sachs I ...
 
 
Crossings Infra Announces Two New Projects
Crossings Infrastructure - a special purpose vehicle promoted by Ajnara Farms & Services, Assotech, Gaursons India, Mahagun Developers, Panchsheel Promoters, Paramount Residency and Supertech has announced the launch of two commercial projects, Cro ...
 
 
Sahara - Gleeds Tie-up for Townships
Sahara Prime City Ltd, real estate arm of Sahara Group, has roped in UK based management and construction consultants, Gleeds, for its 217 Sahara City Homes coming up across the country. Sahara City Homes is a flagship real estate project of Sahar ...
 
 
Pass entry system in JDA
Their will be a new system of entry through pass in JDA which will be applied from 24th December,2008. the officers will also have to keep their identity card during working hours. This new system is applied due to security factors. Two counters wil ...
 
 
HDFC cuts floating home loan rates
In what marks the beginning of a softer interest rate regime for home loan borrowers, the country’s largest mortgage player, Housing Development Finance Corporation, has cut the floating home loan rates by 0.5 percentage points. While the rate r ...
 
 
Banks reduce the home loan interest rates
Government banks have reduced their interest rates on home loans, by which the monthly instalments become cheaper. The new rates are attractive, now the home loan of Rs. 5 lakh can be taken at 8.5 percent and the loan of Rs. 20 lakh can be taken on 9 ...
 
 
DDA results for 2008 declared
The Delhi Development Authority on Tuesday allotted over 5,000 flats through a draw of lots from a total of 5.67 lakh applicants, amid protests by some who demanded transparency in the process. The DDA Result & draw of lots for 5,238 flats under ...
 
 
Parsvnath, Phoenix To Build 5-Star Hotels
New Delhi-based Parsvnath Developers Ltd and Dubai-based Phoenix Group Global will develop one five-star hotel each in Ahmedabad. Parsvnath Hotels Limited, a subsidiary of PDL, will construct its hotel in the city\'s Vejalpur area, while Phoenix, i ...
 
 
Bail out package for Real Estate
At Last Government has prepared a bail out package for helping the real estate companies from the economic crisis. In this, provisions are made for providing low rate loans, liberty in the rules of taking loans from forgein countries and taking more ...
 
 
Shree Ram Group Will made Houses for Low And Middle Income Group
Shree Ram Group of Chennai is going to step in the market of low cost housing. In the time of economic recession many developers are searching oportunities in this market. Director of the company Mr. M. Murli told that the company will made 4000 apa ...
 
 
Affordable housing of ARG Group
ARG Group is getting good response for their project of constructing independent bunglows based on green Concept.After the first phase, second phase is being planned. President of group Mr. Atma Ram Gupta told independent bunglows are being made whic ...
 
 
Launching of New Project of Mangalam Group
Mangalam Group is going to start their new project named Apex Tower. Its Bhoomi Poojan will be done on 13th Dec. Director Of the Group Mr. N.K. Gupta has told that this project will be made in 1600 Sq. Yds. 55 thousand Sq. ft. land will be constructe ...
 
 
Real Estate Companies Agreed to Lower Down the Prices
National Real Estate Development Council, the National organisation of real estate companies has directed its members to reduce the prices of their housing projects up to 15%. Mr. Rohtas Goyal President of the organisation has informed that its membe ...
 
 
Rukmani Estate Launched New Township Rukmani Nagar
Rukmani Estate Launched a new project named Rukmani Nagar Ext. on Sunday 17th nov 2008 at Dana Pani restaurant Shyam Nagar. The Promoter of the project is Mr. Ram Chandra Garg. This township is located at Diggi-Malpura road, it is near Rohini Nagar I ...
 
 
Piyush Launching An IT Unit
Piyush Group, coming up fast in real estate development, construction and financial services, will soon launch its commercial IT unit named \'Global i\' in Faridabad. The net worth of this ambitious project, spread over three lakh sq. ft. area, is Rs ...
 
 
Trikonas Focus on Affordable housing
Trikona capital, US-based real estate investment fund, plans to invest close to $10 billion over 10 years in various realty projects in India by joining hands with smaller players, the focus being on housing for the low and mid-income segment. It has ...
 
 
Vakil Targets Low Cost Homes
Vakil Housing Development Corporation plans to launch two low-cost housing projects on the outskirts of Bangalore. The company, according to Mohammad Ali Vakil, Director, decided tp foray into mass housing projects as the space is untapped. \\\"Almo ...
 
 
Plaza Centre s Rs. 15000 - crore Scheme
Plaza Centre, which has a significant presence in East Europe, will, along with local partners, invest Rs. 15000 crores on 10 real estate projects across six cities in India. It has signed a joint venture agreement with the parent company, Elbit Imag ...
 
 
AHCPL launched Rs 1000-crore Home Project
Aryavrat Housing Construction Private Ltd (AHCPL), a wholly-owned realty arm of Som Group, has launched its luxurious residential project worth rs 1000 crores near Bhojpur Road in Bhopal. Christened as British Park, the housing complex is spread acro ...
 
 
DLFConstructing First Solar Power Housing Project
Real Estate developer DLF and the West Bengal Green Energy Development Corporation (WBGEDC)have signed an agreement to develop Indias first solar power housing complex at Rajarhat, Kolkata. A 200-acre plot has been acquired by DLF for the project and ...
 
 
Amrapali Setting Up An Empire
Amrapali Group has launched a new word class residential complex, named Amrapali Empire, on a five-acre plot on NH 24 in Ghaziabad.Good connectivity with Delhi and Noida, proximity to schools, hospital, markets and ABES Engineering College, as well a ...
 
 
Skyline to Build Villas Near Chennai
Skyline Group, Bangalore-based real estate developer, plan to launch a high-end villa project near Chrnnai by the year end at an investment of Rs. 45 crores. According to Avinash Prabhu, MD, Skyline Group, the money would be spent on constructing 45 ...
 
 
Big Apple will invest 1000 crores
Big Aple real estate the joint enterpreneurship company of upal group and Phoenix mills has announced its five new projects with an investment of Rs. 1000 crores in four cities of Uttar Pradesh. Director of company Mr. Priyank Tayal informed that the ...
 
 
Aliens Group to build the tallest residential complex in Hyderabad
For the first time, Hyderabad Urban Development Authority has given approval to construct a 30-storey project by Aliens Group in Hyderabad. This approval is considered a landmark achievement in the history of Hyderabad real estate as it going to be t ...
 
 
Kalpataru launches E3 homes in Mumbai
Kalpaparu Group launched E3 homes, a premium housing project in Kandivali(East),Mumbai. The project holds the leverage of the being the tallest buildings in the vicnity, which gives the residents a whole view of the Sanjay Gandhi National Park. The p ...
 
 
ASK Investment to enter realty
A year after it parted ways with Florida-based Raymond James,ASK Investment Holdings is getting ready to enter the real estate investment advisory and private equity businesses. This marks its transition to a full-service wealth management firm that ...
 
 
Crossings Infrastructure Ltd. will make Invest Rs. 700 crores
Real Estate Company Crossings Infrastructure has planned for an investment of Rs.700 crores in two new real estate projects which will include shopping malls, food court and multiplex.According to the director of the company Mr. Sanjeev Shrivastava b ...
 
 
QVC Realty announces launch of its first project - QVC Hills
QVC Realty, India\'s first venture capital funded real estate firm, announced the launch of its first project, QVC Hills, an exclusive residential community located in close proximity to the Bangalore International Airport in North Bangalore. Boastin ...
 
 
ArcelorMittal and others Keen to Invest in Kolkata
Leading investors from sectors like steel, telecom and banking have evinced interest in setting up offices in the upcoming IT hub of West Bengal, Rajarhat. Speaking at a inaugural ceremony of the 36th World Congress on Housing Science, in Kolkata on ...
 
 
DLF New Residential Project Kompally-Dhulapally Hyderabad
DLF now brings quality living and modern lifestyle as DLF Home, a residential project Kompally Extension in Dhulapally Hyderabad. DLF offer villas, 3 and 4 bedroom apartments in Kompally Extension (Dhulapally), Hyderabad. DLF Homes a vertical of ...
 
 
Hyderabad Based Real Estate Company Bags Green Platinum Pre-Certification
Aliens Group, leading Real Estate Company in Hyderabad, just added another feather to its cap. It has become the only Real Estate Company in Andhra Pradesh to be pre-certified with a Platinum Rating by Indian Green Building Council (IGBC) in the Resi ...
 
 
AIG Global Real Estate to Invest in Chennai
An affiliate of AIG Global Real Estate has announced an investment in Velankani Tech Park, a part of the Bangalore-based Velankani Group. Velankani is developing a notified Special Economic Zone (SEZ) in Sriperumbudur, located approximately 50km from ...
 
 
ARG group launched their new residential township project
ARG group launched their new project named ARG Puram on the green concept. It is a residential township having basic amenities as well as features like community hall, playground, gym, shopping mall etc. It has some features like having earthquake re ...
 
 
Parsavnath’s Projects in Haryana & UP
Pasvanath Developers Ltd will build two housing projects and a mall in Moradabad in UP. It has also launched a shopping complex in Sonepat, Haryana. Construction of Parsavnath residency has already started to be over by 2010-end. On offer do 34 resi ...
 
 
Shah Rukh launches $2.2-bn real estate project in UAEDUBAI
Bollywood superstar Shah Rukh Khan has announced the launch of his signature real estate development, Shah Rukh Khan Boulevard, to be located in the emirate of Ras Al Khaimah in the United Arab Emirates (UAE). The 8-billion dirham ($2.2-billion) d ...
 
 
NAR Urges Passage of 4-Point Housing Stimulus Plan and Return of Congress
RISMEDIA, Oct. 17, 2008-The National Association of Realtors® will offer a four-point legislative plan to reinvigorate the housing market, calling on Congress to act during a lame-duck session. NAR believes the plan will give a boost to the economy a ...
 
 
The Best Returns Opportunity For Investment Of The Long Saved Funds
Real estate in India is a bubble that seems to be blown in to maximum each time we hear of a price rise in the Indian realty sector. But then the myth is broken and a fact is established stating there\\\\\\\'s room for more. The real estate news show ...
 
 
Real Estate Prices set to Grow
Real estate developer Ansal Housing and Constructions Ltd., on Friday said that real estate prices in the metropolitan cities will grow between 10-15 per cent while 20-25 per cent in small cities of the country during next 1-2 years. Ansal Housing ...
 
 
Latest High-rise Plan of Bombay Dyeing
Bombay Dyeing, the Rs. 1000 crores textiles-to-real estate major, will develop eight lakh sq. ft of property on its surplus land in Mumbai. The company plans to build a high rise structure for commercial and residential use. Work will commence in two ...
 
 
Mumbai’s Largest Mall Taking Shape
DB realty of Mumbai is setting up the largest mall called Orchid Zone, at an investment of Rs 700 crores raised through debt and equity. Designed by Hafeez Contractor, it is spread over 2.5 million sq. ft. of built-up area located on a 14- acres plot ...
 
 
H C wants a report on Prithviraj Nagar issue
The Rajasthan high court on Wednesday directed the Jaipur Development Authority (JDA) to submit a report about the actions taken against its enforcement officers (EOs) responsible for letting unauthorized residentials come up in the Prithviraj Nagar ...
 
 
JMD Group to develop townships in Punjab
Real estate developer, JMD Group, will be developing two township projects in Punjab and Haryana with an estimated investment of Rs 750 crore. The Group, which had floated a company JTPL Townships Private Limited for its real estate business, would ...
 
 
The sudden boom in Real Estate Markets in india
The sudden boom in Real Estate India Markets has created a stir worldwide with investors from across the globe keen on exploring new avenues in Real Estate in India. Plenty of Real estate developments to offer as investment opportunities, India has b ...
 
 
Merrill raises $2.65-bn to invest in Asian real estate
MUMBAI: Financial services firm, Merrill Lynch has raised USD 2.65 billion (around Rs 11,925 crore) for its Asian Real Estate Opportunity Fund in committed capital from investors in North America, Europe, the middle East and Asia. Merrill would in ...
 
 
Number of millionaires rising in India
India is becoming the country of millionaires. The country has witnessed high growth in the number of high net worth individuals (HNI). The number of millionaires in India is expected to rise, despite global financial crisis. India has seen 9 percent ...
 
 
Real estate insiders see market upheaval into 2010
The majority of real estate execs -- 60 percent -- say the current credit crisis is the event with the single-greatest impact on the commercial real estate industry during the past 20 years, according to a national survey conducted by law firm DLA Pi ...
 
 
INDIAN REALTY WAKES UP TO THE US MELTDOWN
The recent financial debacle in the US has sent shock waves across the globe and is also projected to impact the Indian real estate sector directly or indirectly, sooner or later. Adequate and timely funding would be a major concern for developers. A ...
 
 
Mahindra Lifespaces to join affordable housing bandwagon
Mahindra Group’s real estate arm Mahindra Lifespaces is planning to construct affordable housing for 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 ma ...
 
 
Design Arch to invest in ‘green’ residential project
Real Estate developer Design Arch said that it will develop a residential project with application of green technology in Greater Noida. The company plans to develop 10 such e-house projects in the metros by 2010-11. “We have just announced our first ...
 
 
Real estate demand to cross 1,000 million sq. ft by 2012
Real estate demand in various segments in the country would cross the 1,000-million sq ft mark by 2012, a real estate investment report said. “Indian demand for real estate across office, retail, residential and hospitality sectors is expected to cr ...
 
 
The indian property show 2008
Having witnessed phenomenal success in several international and national property Exhibitions, we have strived to furthur our initiatives into more innovative products and services. But what has encouraged us most is the universal appreciation and p ...
 
 
Real estate developers confident of fund flow
Real estate developers are carrying on with their projects, unfazed by the global financial turmoil that is expected to hit the Indian real estate sector. They remain confident about flow of funds, despite the prevalent crunch. “Funding (for our ...
 
 
Major commercial deals suffer steep decline around Nashville
Nashville\'s brokers say it\'s not impossible to get commercial real estate deals done -- but the money\'s not flowing like it used to. The number of larger commercial real estate deals in Nashville dropped by more than half last month, with the va ...
 
 
Smaller Cities To Fuel Real Estate Growth Says New Report
New Delhi, India, September 20, 2007 - As many as 11 tier II cities in the country are all set to transform the realty landscape of India, says a FICCI-Ernst & Young report on the Indian real estate sector. The FICCI-Ernst and Young Indian Real Estat ...
 
 
Ashiana To Build Rs 1 Billion Retirement Resort In Jaipur
Ashiana To Build Rs 1 Billion Retirement Resort In Jaipur ...
 
 
SEZ Policy Plays A Very Crucial Role In The Inclusive Growth Of Nationals
Jaipur, India, December 14, 2007 - Describing the success of the SEZs in India, Mr Anil Mukim, Joint Secretary, Ministry of Commerce and Industry, Govt of India said that the response from Indian SEZs has been tremendous. The Government has already f ...
 
 
Jerusalem, Israel, December 16, 2007 - Mondon Investments,
the Indian real estate development subsidiary of Israeli firm Fishman Holdings recently purchased a 600-acre lot in Jaipur, India for $108 million. Fishman Holdings' real estate subsidiary Mondon Investments has an option to buy more land at the sam ...
 
 
Fishman To Invest $2B In A 4 Million Square Meter Township Project In Jaipur, India
Jerusalem, Israel, December 16, 2007 - Mondon Investments, the Indian real estate development subsidiary of Israeli firm Fishman Holdings recently purchased a 600-acre lot in Jaipur, India for $108 million. Fishman Holdings\\\' real estate subsidiar ...
 
 
Pantaloon Retail Launches Big Bazaar In Ranchi
Ranchi, India, April 05, 2008 - Pantaloon Retail (India) Limited, part of the Future Group, today announced the launch of its flagship hypermarket retail store – Big Bazaar – in Ranchi city. This is the second Big Bazaar in Jharkhand region and t ...
 
 
Trikona TC Extends Its Partnership With German Fund Manager
London, UK, April 01, 2008 - Trikona Trinity Capital PLC (AIM: TRC), a fund created for investing in Indian real estate and infrastructure, and managed by Trikona Capital, extends its strategic partnership with SachsenFonds Holdings GmbH ("SF"), a le ...
 
 
The Project Includes Development Of Captive Coal Mines
The project includes development of captive coal mines containing proven reserves of 349 million tonnes in District ...
 
 
Govt to prepare draft policy on regularisation of illegal colonies in Delhi
New Delhi: Aiming to solve the problem of regularisation of unauthorised colonies in the national capital city, the Centre will prepare a draft policy on it in the next 15 days. A concept paper will be prepared within 15 days after which Delhi gov ...
 
 
A positive outlook: Top honchos hopeful on regularisation of the realty sector
MUMBAI: The year 2013 can be seen as very beneficial for the real estate industry. Here is what the top honchos of the realty sector hope from the year ahead:\r\n\r\nManish Mehta Vice-President, India Homes\r\n\r\nThe year 2013 brings regularisation ...
 
 
TCIL Plans Exit from Real Estate Business
Transport Corporation of India (TCIL) will demerge its real estate and warehousing divisions in next three months and expects to create greater value for shareholders through the hive-off. After the demerger, the company would focus on the core activ ...
 
 
RBI Proposes changes in private Bank provisions-Makes it difficult for Banks with Insurance Ventures to attract FDI
In an indication of continuing differences over the new foreign direct investment policy, the central bank has proposed changes in the provisions relating to private banks that will make it difficult for them to attract foreign investment if they hav ...
 
 
Greenfield city at Dholera
GANDHINAGAR: After the lush green state capital of Gandhinagar, Gujarat is set to get another planned city at Dholera, about 100 km south of Ahmedabad. At 900 sq km, Dholera will be almost double the size of Ahmedabad. The Delhi-Mumbai Industrial ...
 
 
Amitabh Kant appointed chief executive of DMIC
NEW DELHI: The Centre has appointed Amitabh Kant, known for pioneering the \'Incredible India\' campaign, as chief executive of the corporation that would manage the industrial-cum-infrastructure project - Delhi Mumbai Industrial Corridor (DMIC). ...
 
 
Developers Target the Bottom Segment to Generate Liquidity
Unitech, Omaxe, Raheja, Tata Housing and Ansal API are planning new projects in the suburbs of satellite towns or smaller cities to target the bottom segment, to generate more cash. New Delhi-based Unitech and the Raheja group are planning to build s ...
 
 
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