November - 2009

Realty cos put up a brave front

Sun, Nov 29 2009

A host of leading Indian realty companies have shown bullishness and claimed that they will remain intact of Dubai crisis because of their limited exposure to that market

Vatika looks to raise around Rs 125 cr from Brahma Cap

Sat, Nov 28 2009

Apart from a real estate fund of Rs. 1,000 which was raised from foreign financial investment, Vatika Group has decided to re-invest by raising a fund of Rs. 125 Cr from Brahma Cap.

Residential property prices in north India inching up

Wed, Nov 25 2009

The report released by realty consultant Cushman Wakefield states that real estate in North India is again on trac as it is undergoing price rise gradually. However, the sector in South India is on stable pace.

South Asia real estate fund to raise $100M more

Wed, Nov 25 2009

SARE, which is a part of Duet Group, is planning to raise its fund by $100 million to gain hold over mid-market segment in the Indian Real Estate.

Unitech seeks approval to raise $700 m through FCCB issue

Wed, Nov 25 2009

In order to build an integrated township, India's second largest real estate company will raise fund of $700 million through foreign currency convertible bonds (FCCBs).

JNNURM has taken on a whole-slum approach

Wed, Nov 25 2009

The two major steps, taken by Ministry of Housing and Urban Poverty Alleviation, will likely to fructify the Model Real Estate Act and the blueprint for a slum-free India in 2010.

Plans to remove lock-in period for FDI in realty

Tue, Nov 24 2009

The gateway to the Indian real estate market will soon become highly flexible for the foreign investors and NRI's. The government of India's foreign policy-making body has plans to scrap off the 3 year lock-in for FDI that was proposed in order to curb speculative trading within the realty sector. This step will help bringing boon in the sector that is heading towards a slow down.

Sahara looks for an image makeover with mega realty IPO

Tue, Nov 24 2009

Sahara group is coming up with a new mega realty IPO, which the chairman Sushanto Roy believes will help in changing the public belief about the group. The group that is termed as non-transparent will be utterly transparent to the people

HDFC expects rates to firm up by 25-50 bps

Fri, Nov 20 2009

The Housing Development Finance Corporation (HDFC) is anticipating that interest rates would rise by 25 to 50 basis points in the first quarter of the next fiscal.

India needs Rs 3.6 lakh cr investment in housing in 5-yrs

Wed, Nov 18 2009

India would be requiring a whopping investment of Rs. 3.6-lakh crore in the coming five year for providing accommodations to 62 million persons who live in urban slums, Said Joint Managing Director, HDFC.

Aditya Birla Group to raise $500M realty fund

Wed, Nov 18 2009

The Aditya Birla Group has embarked on investment in the real estate sector with plans to raise the funds up to $500 million. The group has been planning to raise the funds with the help of Mauritius-based entity Cantor.

Dip in property sales hits stamp duty collection

Tue, Nov 17 2009

The formidable fall in property selling all across the state has adversely affected the revenue which it generates from stamp duty and property registration. However, the officials are still cynical about 2009-2010 revenue from the sector.

AP Cabinet okays Rs 684-cr for housing in flood-hit areas

Tue, Nov 17 2009

In order to provide relief to the families affected by the Krishna floods during October, Andhra Pradesh Govt. has decided to build 1,00,000 houses. A sum of Rs 68,450 (as special case) would be spend to construct each house.

Govt. may allow real estate activity along expressways

Tue, Nov 17 2009

The government may allow real estate developers to give the commercial advantage to the lands, which are part of expressway network. The cabinet committee has also approved the construction of some 1,000 km of expressways.

Brigade enters affordable home space

Tue, Nov 17 2009

So as to delight people, seeking for budget friendly home spaces, Bangalore-based Brigade Enterprises is announcing the launch of Brigade Value Homes. The company foray, into affordable home space campaign, has given new hopes for people from versatile income group

Maha: Property registration to be at flat 1%

Tue, Nov 17 2009

The revenue deptt. of Mumbai has passed a proposal that entails levy of flat 1% tax on property registrations with immediate effect. The Revenue Minister Narayan Rane had ended the restrictions specified by earlier order of the government.

Biggest Indian-Canadian landlord eyes India's 'dream' market

Sun, Nov 15 2009

Bob Dhillon, the leading Indian-Canadian landlord, is now eying on Indian real estate. This real estate guru holds rental properties around 6000 in Canada and is anticipating good investment returns in Indian real estate market.

Proposed realty Act not to regulate prices, says official

Sun, Nov 15 2009

The real estate regulatory bill which is supposed to be presented in Parliament coming month will exclude price regulation of residential properties. As stated by senior Govt. official, the Act will mainly spotlight regulation of fraudulent activities.

DLF sells theatre business to PVR

Sat, Nov 14 2009

Country’s leading rear estate developer DLF has sold its cinema business to multiplex leader i.e. PVR. The deal has been finalized in cash amounting Rs. 22 crore as well as 2.56 million equity shares.

Stakeholders of the real estate sector

Fri, Nov 13 2009

The Indian parliament is likely to embark on passing a bill for the regulation of Indian property industry. This step is supposed to bring Indian Real Estate as par with global real estate.

Real Estate Sector is Recovering- Ernst and Young

Fri, Nov 13 2009

As per the report released by FICCI - Ernst & Young, the real estate sector in India is on the way of improvement, especially in residential property subdivision. A host of factors like improved liquidity, dropping interest rates etc. are responsible for increased demand so far.

Birlas plan $500m realty fund

Fri, Nov 13 2009

The Indian real estate sector is buoyed by the investment plan to be launched by The Aditya Birla Group. The company has decided to introduce a $500-million Mauritius-based real estate fund in the sector.

DLF owners to buy out DE Shaw in arm

Thu, Nov 12 2009

The Indian industrial sector has survived yet another test of time and question of calibre with real estate giant DLF India led by K.P Singh acquiring a majority stake in a Singapore based firm DE Shaw hence liquidating and stabilizing their accounts and opening more doors of opportunities

Pune's retail real estate sees revival in premium brands

Thu, Nov 12 2009

Of late, there have been considerable changes in the retail sector in Pune real estate. With the proprietors in Pune being more than willing to let out spaces in shopping malls or high end retail streets, the sector has broken the stereotypical norms of the retailing sector and giving people a wider platform.

CREDAI Shares Issues to be Discussed at NATCON 2010

Wed, Nov 11 2009

CREDAI is set to participate in India’s premier real estate development conference NATCON 2010, to be held from 23 January 2010 to 25 January 2010 at Dubai. The Confederation of Real Estate Developers Associations of India has thrown light on the key issues to be discussed at NATCON 2010

Demand for Commercial Property will remain Low: ASSOCHAM

Tue, Nov 10 2009

Financial Pulse Study conducted by ASSOCHAM is indicating a po-faced scene for Real Estate Sector. Economic state of developers is not sufficiently improved to hold projects for long time. The study titled as "Reality check in Indian Real Estate Sector" has pored over financial performance of ten leading real estate companies.

Office rentals in big cities start to go up: report

Mon, Nov 9 2009

Significant raise in office rentals is noticed in major cities of India. As per real estate consultancy CB Richard Ellis (CBRE), rentals for offices located in central parts of major cities have started to go up, yet it has not influenced the rentals in decentralised locations.

SBI Plans to Lengthen Its 8% Home Loan Scheme

Mon, Nov 9 2009

Special Loan Scheme at 8% rate of interest, launched by SBI has been extended till 31st March 10. SBI, the chief lender of the country, has extended the scheme for another 4 months. This news has given a cause of celebration to small home loan receivers.

AP Govt Plans Affordable Housing for the State

Mon, Nov 9 2009

Andhra Pradesh government has formulated a model "integrated townships plan" to fight with the scarcity of affordable housing in Andhra Pradesh. C Shilpa Mohan Reddy, the state housing minister has announced the plan at a one-day seminar organised by CII (Confederation of Indian Industry).