January - 2010

Vatika looks to raise Rs 1k cr from IPO

Sat, Jan 30 2010

Country's one of the leading companies Vatika Group has decided to raise up to Rs 1,000 cr from an Initial Public Offering (IPO) in May. It is planning to join the league of developers who are looking to wriggle out of the slowdown-induced IPO drought.

Are Indian Townships real ?

Fri, Jan 29 2010

The concept of fully evolved and implemented townships is still rare to be seen in India. There are only few projects like Hiranandani project in Powai, Mumbai, Magarapatta City in Pune and a few others which serve as role model for full-fledged townships.

CanBank aims to up home loan portfolio

Fri, Jan 29 2010

Canara Bank, a public sector lender, has planned to double its home loan portfolio by the end of this year. This Bangalore-based lender has set a target to achieve home loan portfolio of Rs 17,500 crore by December 2010.

Bids for 1 lakh houses for para forces soon

Thu, Jan 28 2010

The news of government's decision to erect 1 lakh home units for paramilitary forces has given new hopes to country's realty and construction companies. The government will soon invite bid offers for the same on a public-private partnership basis.

Expect consolidation in realty: DLF chief K P Singh

Wed, Jan 27 2010

The chairman of India leading realty firm says that the sector far behind from the pickup in economic activity. He quoted that for the next 12 - 18 months real estate sector will continue to suffer from slowdown due to the supply of residential and commercial units in galore.

Construction sector outlook stable : Fitch

Wed, Jan 27 2010

The leading global rating agency, Fitch Ratings sees India's construction industry in a stable state. It also expects some negative rating pressure due to major increase in asset ownership through build, own, operate and transfer ( BOOT ).

Column: Assets versus bubbles in real estate

Mon, Jan 25 2010

The suggestion, proposed by the Department of Policy and Promotion ( DIPP ) to the finance ministry in regard of stopping the process of the mandatory three-year lock-in period for FDI in the real estate sector, has been rejected by the ministry.

Ackruti City lines up capex of Rs 600 cr

Mon, Jan 25 2010

In order to speed up its various project over the next one year, Ackruti City one of the Indian realty firms, has lined up a capital expenditure of Rs 600. The CEO of the firm has also stated firm’s plan to launch 3-4 new residential projects very soon.

DLF nixes mall plans, offloads Bangalore property

Sat, Jan 23 2010

Country's leading realty company has disposed off its 15 acre property in one of the poshest localities of Bangalore suburb due to diminishing footfalls and poor margins that have adversely affected its plans for a large scale mall in the locality.

SC's 'forest land' ruling gives real estate cos a high

Fri, Jan 22 2010

In Mumbai's main suburbs activities in the realty sector have risen as a result of recent Supreme Court ruling on the 'forest land' issue. However, these activities were restricted earlier due to the interim ruling.

Alok Inds plans to exit real estate business

Thu, Jan 21 2010

Alok Industries which is an integrated textile manufacturer is planning to egress the real estate business and invest the proceedings in international retail subsidiaries. This might prove as an effective measure to repay the debts, says the company person.

Release more Govt land for affordable housing

Wed, Jan 20 2010

In order to bring back the realty sector of Tamil Nadu on track, the TN government should open up its land bank for affordable housing says Mr. Raj Natarajan, Chairman, Mint Homes, Houston, Texas, US. The demand for affordable housing has already been repressed which requires sufficient stimulus by the Government.

Unitech withdraws offer to raise $700 m via FCCBs

Wed, Jan 20 2010

The second largest realty company of India i.e. Unitech India has taken back its proposal to raise $700 million (Rs 3,200 crore) through foreign currency convertible bonds (FCCBs).

Lord Krishna Builders' new project

Tue, Jan 19 2010

During the current fiscal Lord Krishna Builders, a Thrissur-based realty firm, is planning to invest Rs 100 crore to construct flat in the category of villa, luxury and premium category within the different locations.

Commercially Hit

Tue, Jan 19 2010

A clear sign of revival can be seen in the Indian realty sector, especially non-commercial, after the lull of last year. Although market is not overwhelmed by increased transactions, but the enquiry levels in sector have risen by almost 30 per cent compared with January.

Kolkata realtors mull mass housing projects

Tue, Jan 19 2010

The role of Center's plan for allotting land for affordable housing will be influential on country’s builders and developers as it will affect the construction of mass housing projects in and around the city.

Govt bans sale of land left behind during Partition

Mon, Jan 18 2010

The sale and purchase of the property that was left behind by people who opted to go to Pakistan during the partition period has been banned by government of Delhi. There are almost 500-700 such properties in the city as per a rough estimate.

Are NRIs deserting Indian realty market ?

Sat, Jan 16 2010

A cold response from NRIs towards the real estate sector in India has demoralized a number of realty firms as well as around half a dozen banks. At the venue of Pravasi Bhartiya Divas ( PBD ) at Vigyan Bhavan, realty firms were trying to lure pravasis’ to buy their products and bank were liberal to clear out on spot home loans.

Home buyers prefer Tier II and Tier III cities now

Fri, Jan 15 2010

A host of restrictions in real estate in metropolitan cities has resulted in the surge of potential buyers to Tier II and Tier III cities where they can buy their long cherished dream houses

Real Estate : Rising demand for luxury homes

Fri, Jan 15 2010

In addition to stagnant high demand for affordable housing in Indian realty, the demand for luxury housing ( within range of Rs. 80 lakh to 1 cr ) in the sector has seen rapid increase since past few weeks

Meet to discuss trends in construction, infrastructure

Fri, Jan 15 2010

HITEX and Fapcci are all set to host the second edition of Build 4 India Exposition during February 19-22. Amongst various aspects covered into the events, challenges and opportunities in infrastructure and real estate sector would be especially discussed.

Affordable housing : Boom or bust ?

Thu, Jan 14 2010

The dictum 'Affordable Housing' which was earlier known as a significant breakthrough in Indian realty sector has proved nowhere a boom as it promises what the middle class could not even dream of. The failure in 'Affordable Housing' can be easily observed if we take the case of Bangalore based Golden Gate Properties, has called off its project due to low bookings.

RBI worried over teaser rate on consumer loans

Wed, Jan 13 2010

Reserve Bank of India (RBI) has alerted bankers for the unrevealed risks involved in fixed-cum-floating rate home loan schemes, which are usually called as teaser rates. RBI has thrown light on the repayment shocks that consumers may have to bear in case of inflation in interest rates. These schemes were initiated in last month of 2008 and since then they have been encouraging a large numbers of consumers for Home loans.

Overseas Indians face big problems when investing in Indian real estate

Mon, Jan 11 2010

NRIs who are presently considered as a major investor in the Indian real estate are bound to face a lot of complications in their properties’ legal matters like duping by promoters or own family members. NRIs that actually cannot spend much of time in resolving legal issues are nowhere being relaxed by the legal system.

Builders seek tax holiday extension

Sat, Jan 9 2010

Country's leading real estate developers and builders met Finance Minister, Mr. Pranab Mukherjee, on Thursday so as to discuss the factor which may boost up real estate and housing activities. At the same time, they also discussed extension of tax holiday for housing projects under Section 80-IB (10) of Income-Tax Act,

Rising home prices will strangle demand : HDFC

Sat, Jan 9 2010

India's one of the leading housing finance companies has shown its worries for demand in home loans, as the company expects it to fall down due to the increased prices for homes. It is palpable that prices of homes in various cities have risen in between 15-20 %.

Gujarat builders eye Dubai realty in Burj auction

Fri, Jan 8 2010

On the 23rd day of this year, A delegation of CREDAI (Confederation of Real Estate Developers of India), exclusive of Gujarat chapter, will be sent to Dubai to attend the national convention. It's expected that more than 100 builders from Gujarat will bid for over 150 properties in Dubai.

Affordable housing to play a key role in 2010, says CREDAI

Thu, Jan 7 2010

The Chairman of Confederation of Real Estate Developers' Associations of India (CREDAI) has stated that Affordable Housing would play distinctly active role in the real estate sector in India this year. The reason is majorly found behind the noticeable growth in demand.

Realestateindia launching a new section " Rental Properties "

Wed, Jan 6 2010

With new year wishes, Realestateindia is happy to declare its launching of a new section " Rental Properties ". This section contains all rented properties from all over India and you can search for the rental properties as per your own requirement anytime and from anywhere. for more details click here

Axis Bank to offer home loans at 8.25 pc

Wed, Jan 6 2010

It's been almost two months since leading private sector lender Axis Bank giving loans at 8%. But now, it has decided on Tuesday to lend home loans @ 8.25% that will be a part of its special scheme. This rate would be effective for the first two years of loan period and the rest will be governed by the applicable mortgage reference rate.

Godrej Properties Sees Strong Demand for Homes in India

Tue, Jan 5 2010

The Executive Director of Godrej Properties Ltd. has stated that demand for homes in India is going to touch higher ebbs in near future. Being bullish on the expectations, the real estate company made its trading debut in Mumbai today.

New year holds out promise for realty

Mon, Jan 4 2010

Unlike the unpleasant start of 2009, the year 2010 holds great promises for the Indian realty sector. The year 2010 is bullied by higher demand, comfortable interest rates, and stable prices of raw inputs for construction.

Reckoner rates show recovery of realty sector

Sat, Jan 2 2010

As per the notification, in regard to ready reckoner rates, by revenue department on December 31 it can be clearly seen that real estate sector is getting better from the slowdown effect of 2008.

Emami likely to merge realty business

Fri, Jan 1 2010

Kolkata-based diversified Emami Group is seeking possibilities as to make both of its realty companies into one body. The joint chairman of Emami Group i.e. R S Agarwal has stated that group is working on feasibility aspect to merge its Zandu Realty and Emami Infrastructure.

2010 promises to be a momentous year for realty

Fri, Jan 1 2010

Realty experts are assuming 2010 a momentous year for the real estate sector in India. The sector had shown lots of fluctuations during the first decade of millennium 2000 and decade has finally ended with the positive signs.