July - 2010

DLF may withdraw from affordable housing; net debt rises 25 pc

Fri, Jul 30 2010

Countrys largest real estate developer DLF has signaled that it may take away from the much-hype affordable houses, on account of percentage rise in its net debt. It has stated that low margins under the scheme are unattractive.

Unitech plans to buy AIM-listed group co for over Rs 750 cr

Thu, Jul 29 2010

Indias second largest real estate company Unitech has revealed its plans to acquire its Londons AIM-listed group firm Unitech Corporate Parks (UCP). The deal is expected to be cracked at a whopping cost of Rs 750 crore.

Hike in key policy rates wont affect realty sector

Wed, Jul 28 2010

Countrys leading real estate consultants are saying that RBIs move to control inflation by hiking key policy rates, would not significantly affect the real estate sector. We will have to wait and watch for commercial banks, although we expect that there will be no increase in home loan rates, DLF Group chairman Rajeev Talwar told PTI.

RBI worried over rising housing prices

Tue, Jul 27 2010

Just before of its quarterly review of the financial system, the Reserve Bank of India has estimated the effects of rapid rise in housing prices. It has also said that such scenario could pose danger to financial stability in the country.

Realty majors gung-ho on luxury homes again

Mon, Jul 26 2010

Luxury home has become one of the central attractions for leading real estate players after the affordable housing space has proving as just reasonable for them. A majority of real estate developers are taking forays into the yet to boom plush housing projects.

Buy/Sell/Rent Properties on your Mobile

Sat, Jul 24 2010

leading online property platform is now accessible right through Mobile Phones,the portal has launched itself in Mobile Compatible Version , Buying and Selling properties from their mobile phones, posting instant property offers, and benefiting from lucrative real estate affairs.

Real estate cos to post mixed trend in June quarter

Sat, Jul 24 2010

Countrys number of real estate firms, with average amount of capital, are likely to post a mixed trend in the sector on account of Affordability & New Launches, that is hit by consistent price rise and which are tapered in the April-June quarter, respectively.

Realty firm Brigade plans to raise Rs 750 crore additional funds

Fri, Jul 23 2010

Brigade Enterprises, a Bangalore based realty major, has been planning to raise Rs. 750 crore of additional funding. For this, the firm has sought approval from its shareholders. The firm may use modes like Global Depository Receipts (GDRs), American Depository Receipts (ADRs), and Foreign Currency Convertible Bonds (FCCBs) to raise funds

New Masterplan: Gurgaon draws roadmap for 2025

Thu, Jul 22 2010

The Deputy Commissioner of Gurgaon lines up meeting to revise Gurgaon-Manesar Masterplan on Tuesday, after Government of Haryana recent advice to all the districts to revise their Masterplans. The meeting was held to discuss plans, considering consideration the proposed growth of the city by 2025.

Germany to invest more in Haryana

Wed, Jul 21 2010

Germany ambassador to India Thomas Matussek has shown great interest in investing in Haryana industrial estates, says official. Haryana CM has got hints from Matussek that Germany will likely to organize meetings of German entrepreneurs to seek more opportunities in Haryana.

Allotment of flats in Dwarka starts

Tue, Jul 20 2010

The allotment of flats in certain group housing societies in Dwarka has been picking momentum, as Delhi government has started the process. Delhi government has been proceeding with only those flats that were intact of any investigation by CBI.

Construction cos top line to grow on strong orderbook

Mon, Jul 19 2010

This fiscal years first quarter has shown great order inflows for the domestic construction industry because of pick up in economic outlook and industrial capex revival. Such inflows have been majorly coming from the road and urban infrastructure verticals.

Realtors urged to look at industrial opportunities

Sat, Jul 17 2010

Country number of real estate developers and infrastructure players feels that realtors across the India should focus on offering value-added services and new business segment, rather than concentrating on broking land and property deals.

Home prices at pre-slowdown peaks

Fri, Jul 16 2010

Country leading private sector home loan lender, HDFC is feeling price rise in residential segment as pre-slowdown peaks. The Chairman of HDFC cited that such trends are majorly observed in India's most active markets of NOIDA in the NCR.

Base rate system good for realty

Thu, Jul 15 2010

RBI move to bring in transparency and competitiveness in the debt market, by replacing banking system away from BPLR to the base rate system, is likely to affect the realty sector positively, expects domain gurus.

Portfolio managers, NBFCs raise exposure to realty

Wed, Jul 14 2010

The creeping growth in the equity market has necessitated portfolio managers to move to realty sector, as it is witnessing rise in the land prices. It is also a noticeable fact that home prices in Mumbai and NCR have risen 20-30 per cent since March.

Auctions soon for housing plots in Vizag, Vizianagaram

Tue, Jul 13 2010

The Visakhapatnam Urban Development Authority (VUDA) has revealed its plan to sell 196 residential plots in 10 layouts. The auctions for the plots, developed in Visakhapatnam and Vizianagaram localities, are lined up for coming 25th to 28th July.

Role of Women in Real Estate

Mon, Jul 12 2010

Women have gradually risen from their low status and are empowered by various government policies and relaxations,The women in today’s scenario stand at a same pedestal as men.

Real estate firms growth tapers in June quarter

Sun, Jul 11 2010

With the improved conditions in the current economic scenario, office market has been picking in the country. However, the demand in residential segment has falling down on account of price spurt.

Builders bat for home buyers

Fri, Jul 9 2010

In a bid to oppose the levy of service on properties under construction, the Maharashtra Chamber of Housing Industry (MCHI) has stated that it was considering filing a writ petition in Court.

Initiatives Taken For Real Estate Market Growth

Thu, Jul 8 2010

Factors Responsible for the Growth of Real Estate Market,The Indian Economy is growing at a rate of 8% approximately,the initiatives being taken by the Government, Financial Institutions and the Real Estate Development companies

SBH announce special interest rates for home, car loans

Thu, Jul 8 2010

State Bank of Hyderabad, a subsidiary of India's largest State Bank of India group, has announced the extension of special interest rates for Home and car loans on Wednesday.

Commercial realty prices unlikely to go up soon: HDFC

Wed, Jul 7 2010

Country prominent mortgage player HDFC has hinted that movement in price in the commercial real estate in next few months is just an illusion. On Tuesday, company vice-chairman and chief executive officer Keki Mistry addressed an event here and conveyed their opinion.

Mumbai: A Preferred Property Investment Destination

Tue, Jul 6 2010

Increasing the demand of housing, A recent survey shows that nearly 28% people all over India wish to own a house in Mumbai,70% of the people wish to buy a property for self consumption

4.5 acres of land in Mumbai - Mulund suburb sold for Rs 200 cr

Tue, Jul 6 2010

Realty major Kalpataru Builders has bagged a whopping deal of Rs. 200 Cr by obtaining 4.5 acres of land in a busy Mulund area. The deal is expected as one of the largest real estate transaction in the suburbs here, a source said.

Realty prices may go up

Mon, Jul 5 2010

Sine the plea of Urban Development Ministry, to withdraw 2.5 per cent service tax from realty transaction, has been kept aside by the Finance Ministry the prices are likely to rise in the sector soon.

HDFC reintroduces teaser rates on home loans to take on SBI

Sat, Jul 3 2010

In a bid to give strong competition to State Bank of India, the private sector bank HDFC has reintroduced teaser rates on its home loans. Under this scheme, its home loan borrowers could enjoy a fixed rate of 8.25% till March 2011 and 9.25% for the next 12 months.

Home prices to go up by 2.5%

Sat, Jul 3 2010

One of the leading property consultant said the buying home will now be having a costlier affair due to a price rise of about 2.5 percent with the implementation of service tax on the residential segment.

Puravankara announces new project in Bangalore

Fri, Jul 2 2010

Realty major Puravankara Projects has announced Purva Skywood, a project for developing 1.25 million sq ft residential space. The project would spread across 12.5 acres in a major locality of in Bangalore.

SBI extends home, car loan schemes till Sept 30

Thu, Jul 1 2010

India largest lender, SBI has announced on Wednesday that its various schemes for home loans and car loans would remain intact till Sept 30, even after a move to the base rate system from July 1.