September - 2010

Realty prices soar as CWG development makes sites attractive

Thu, Sep 30 2010

JLL India, one of the realty consultant in India, has said the due to the widespread development for CWG games in Delhi, especially eastern part where the Games Village has been construct, real estate sector has got the maximum benefit as residential property prices have reached appreciation levels of between 10-15 per cent.

IL&FS, Reliance to join hands for Industrial Township in Haryana

Wed, Sep 29 2010

Reliance Industries, Indias leading business house has joined hands with Infrastructure Leasing & Financial Services for developing a huge township in the state of Haryana. IL&FS will have a share of 45% in the whole Model Economic Township project.

Godrej Properties sees 50% rev rise

Tue, Sep 28 2010

Realty major Godrej Properties, with net worth of $2.5 billion, is bullish for its revenue which is expected to rise more than 50 per cent in the fiscal year ending in March. The firm expects a high demand for housing on account of rising incomes.

Banks plan loan rate freeze to cash in on festival demand

Mon, Sep 27 2010

A number of country’s banks, who planned for a hike in the home loan rates in October, are considering to the defer such hikes after the holiday season, expecting holiday season will bring rise in the demands of loans.

Under-construction projects top $100 billion

Sat, Sep 25 2010

The under-construction projects in the real estate sector of India has reached the worth of $ 100-billion (Rs 4.5 lakh crore), which is the highest mark in the year of 2010. In this figure, Mumbai itself has nearly a 40% chunk ($37 billion, or Rs 1.66 lakh crore).

Seminar on green buildings

Fri, Sep 24 2010

A group of architects, builders, construction companies and representatives are going to join a seminar on Friday, which is conducted for encouraging environmentally sustainable buildings. The seminar is organized by Andhra Pradesh Plastic Manufacturers Association (APPMA) here on Friday.

Realty IPOs face perfect storm

Fri, Sep 24 2010

The escalating prices & rising mortgage rates are discouraging investment in once-booming housing market that has further posed troubles for about $6 billion in initial public offerings (IPOs) from real estate companies.

CCI spares flat owners, targets DLF

Thu, Sep 23 2010

The Competition Commission of India has issued directions for India’s largest real estate developer DLF to not to cancel allotments for its impending luxury residential projects in Gurgaon. However, CCI will continue to investigate company for alleged abuse of its dominant position.

Real estate meet to focus on urban management in India

Thu, Sep 23 2010

In a bid to strictly follow planned growth of urban India in a burgeoning economy, country’s policy makers, strategists, officials, and industry experts will congregate on Thursday to ponder detailed aspects, coming onto the way.

Govt to unlock 30k acres in NCR

Wed, Sep 22 2010

The National Capital Region (NCR) may enlighten with the 30,000 acres of land that could be solely meant for residential construction. However, this expectation seems to real only if the government’s steps in this direction bear fruit.

Realty foray for city-based firm

Tue, Sep 21 2010

Exuding new hopes from the blooming realty estate sector, the Emami Group of Companies, with the major share in personal and healthcare consumer products and FMCG, has taken a foray in city’s realty market.

Ansal API to invest Rs 4,500 cr in hi-tech city in UP

Mon, Sep 20 2010

Real estate firm Ansal Properties and Infrastructure has speed up its plans to invest a whopping Rs 4,500 crore in the second phase of its 2,500 acre hi-tech city adjoining Greater Noida.

Mafatlal to sell leased land, earn Rs 1,000 cr

Sat, Sep 18 2010

Mafatlal Industries which had received a seven acre plot, adjoining to Byculla zoo, 100 years ago to run a cotton textile unit, is now expected to realize a whopping sum of Rs 1,000 cr by its sale.

India ranked fifth as investment destination

Fri, Sep 17 2010

While the Republic of China has obtained the highest position in FICCI and Ernst & Young’s ranking of select countries for future real estate investment, India has been able to secure 5th position in the rankings.

Ashiana Housing in Forbes' list

Thu, Sep 16 2010

Ashiana Housing Ltd, a Delhi-based real estate company, has been chosen from India to figure in ‘Asia’s Best Under A Billion’ list of companies compiled by the Forbes magazine for 2010.

HUDA allows twin basement in industrial plots

Thu, Sep 16 2010

With the decision given by The Haryana Urban Development Authority (HUDA), now twin-level basement can be developed in the industrial plots of general category. The spokesman of Huda has also said that twin level basement might be used for parking and air conditioning plant.

Rodium Realty eyes strategic investor, to enter Gujarat

Wed, Sep 15 2010

Indias largest real estate developer DLF has announced that it will spend almost Rs 500 Cr to develop three luxury housing projects in the region of Shimla, Kasauli and Goa.

Rodium Realty eyes strategic investor, to enter Gujarat

Mon, Sep 13 2010

Rodium Realty, one of the BSE-listed real estate firms, has revealed that it is on a look out for roping in a strategic investor, primarily to fund its over Rs 200-crore projects. For this, the firm can dilute 5-7 per cent equity.

700-acre township to come up near Chennai

Fri, Sep 10 2010

IVRCL Assets & Holdings Ltd, a Hyderabad-based realty firm, has come with a whopping 700-acre township, accompanied with an 18-hole championship golf course, near Chennai, announced Mr Sunil Reddy, Group Vice-Chairman, IVRCL.

HDFC repackages teaser home loans

Thu, Sep 9 2010

Just after SBI hinted to extend its special home loan scheme, HDFC has revamped its product with higher rates. In its dual rate home loan scheme, HDFC has marginally increased the rates.

New tax may make Gurgaon flats costlier

Wed, Sep 8 2010

The flats buyers in Gurgaon region may have to pay an extra bucks as Haryana government’s decision to levy an infrastructure augmentation charge on developers may indirectly affect the cost of the flats, which buyers intend to buy.

Market for low-cost housing set to expand

Tue, Sep 7 2010

Whereas country’s largest developers are busy in building luxury and semi-luxury housing segment, the small scale developers have found a new way to target low-income segment, by building houses of price range between Rs 3 lakh-Rs 7 lakh.

At 1.5 lakh/sqft, Borivali property sells for record price

Mon, Sep 6 2010

One of Borivalis (West) land plot has realized a substantial sum of money in a real estate deal. The land was sold for Rs 1.5 lakh per square feet for commercial purpose. The sale of Borivali plot can be referred as one of the most expensive land deals in the metropolis.

LIC to build mall-cum-office complex at Mohali, invest Rs 1000 crore

Sat, Sep 4 2010

The Life Insurance Corporation of India (LIC) will invest a whopping amount of Rs 1000 crore for developing a mall-cum-office complex at Mohali. LIC’s top official also said that the project completion would be achieved in the mid of one-and-a-half to two years.

DLF defers sale of non-core assets

Fri, Sep 3 2010

Countrys leading real estate developer DLF has put a temporary full-stop on its plans to sell its non-core assets. Rajeev Talwar, MD of DLF Developers, has said that for the next three quarters, DLF would not sell the Aman Resorts and wind energy business.

Sobha Developers launches super luxury project

Fri, Sep 3 2010

The Indian real estate company Sobha Developers has declared the launch of its super luxury project i.e. Sobha Classic. Build along side the Sarjapur Road in Bangalore, the project would comprise 243 units, spread across 6.9 acres.

Chandigarh attracts big players in commercial realty

Thu, Sep 2 2010

Now the real estate market of Chandigarh is onto the track of luring big shots of the industry. With the Godrej Properties’s plan to invest Rs 200 crore in commercial project, some of the realty majors like Emaar MGF, DLF, Omaxe and Ansal have shown their interest in the city’s realty market.

Home loans may soon pinch as HDFC hikes retail PLR by 0.5%

Wed, Sep 1 2010

Indias largest housing finance company has raised its retail prime lending rate (RPLR) by half a percentage point, which may soon affect home loan cost to the borrowers. Additionally, the dual rate scheme by HDFC and ICICI has also come to a close.