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Indian Real EstateIndian Real EstateIndian Realty news provides news on commercial and residential properties in India along with the home and office buying information and news on latest property investment, finance and property loan and laws in India and for its various cities like D 
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FIRE Cap to develop affordable housing project
2008-10-04 10:52:00 The $250-million First Indian Real Estate (FIRE) Capital Fund Ltd will be joining the affordable housing bandwagon. According to industry sources FIRE Capital is currently in the due diligence stage with the affordable housing investment. ?The deal should get concluded within 2-3 weeks,? said a source. While, the name of the real estate developer has ... More About: Project , Housing , Affordable housing , Fire , Develop
Developers expecting high sector growth
2008-09-19 07:48:00 A report by Ernst & Young suggests that real estate developers expect the sector to grow. The report is based on a survey conducted across six prominent cities, comprising NCR, Mumbai, Pune, Hyderabad, Chennai, Kolkata and Bangalore. The survey highlights a vast section of respondents who demonstrated their keenness in foraying into affordable housing, subject ... More About: Growth , High , Developers
Piyush Group launches Rs 210crore IT project
2008-09-19 07:46:00 Real estate developer Piyush Group will be launching its commercial IT unit named ?Global i? in Faridabad . The ambitious Rs 210 crore project will be spread over 3 lakh square feet and it is expected to be ready by 2010. Following the procurement of the Letter of Intent and sanction of the construction plan, work ... More About: Project
Goans to decide allotment of scarce land
2008-09-19 07:41:00 The chief minister of Goa, Mr Kamat, stated that Goans will decide land allotment to outside investors or industrialists through local bodies (panchayats) as land is scarce and precious. As India?s smallest state, with an area of just 3,702 km for a population of 1.4 million, Goa has decided to amend the law to regulate ... More About: Special Economic Zones , Land
MHADA to sell 600 budget flats
2008-09-19 07:39:00 The Maharashtra Housing and Area Development Authority (MHADA) is planning to sell 600 budget flats in Mumbai around Diwali and expects at least 200,000 applications for this, an indication of the demand for affordable housing in one of India?s most expensive real estate markets. The flats, which will be 225 sq. ft and 600 sq. ... More About: Flats , Budget , Sell
Banks plan to revise FII real estate investment norms
2008-09-19 07:36:00 The finance ministry has urged the Reserve Bank of India (RBI) to reexamine norms governing derivatives exposure of banks to contain adverse impact on the Indian banking sector due to the ongoing financial crisis in the US. A meeting of top public sector banks is also likely to be called to assess the situation. The ... More About: Estate , Real Estate , Real Estate Investment , Investment , Banks
Alliance to invest Rs.1 bn in Real Estate TV
2008-09-19 07:34:00 Chennai’s Alliance Group plans to invest Rs.1 billion in next two years in Real Estate TV. The group had launched the country’s first 24×7 English news channel dedicated to the realty sector in July this year, now ‘We had launched the channel with an initial investment of Rs.500 million. ?Now we plan to invest Rs.1 ... More About: Real Estate , Invest
Vakil to build affordable homes
2008-09-19 07:32:00 Vakil Housing Development Corporation has joined the affordable real estate bandwagon even though the real-estate industry is trying to cope with a downtrend in demand. A senior official of the company said that the move is part of its strategy to increase its residential real estate development footprint across the southern metros. To begin with, ... More About: Bangalore , Homes , Build
BPTP to raise $300 mn from PE firms
2008-09-19 07:30:00 Real estate firm Business Park Town Planners Ltd (BPTP) is planning to raise $300 million (Rs1, 389 crore) from private equity firms. The company needs the money to finance the payment for the 95 acre plot it has bought in Noida, near Delhi, and for the development of a commercial property on this land. BPTP, ... More About: Firms
Kolkata residents moving to suburbs as land prices soar
2008-09-17 07:28:00 The middle class in Kolkata has started migrating to the suburbs in search of affordable housing. And targeting this section are not only local realtors but investors from countries such as the UK and the US as well. After the development of the Rajarhat area northeast of the city, where a showpiece satellite township is ... More About: Moving , Land , Soar , Prices
DLF to put up gas stations at malls
2008-09-17 07:25:00 DLF Retail Developers Ltd, an arm of India?s largest real estate developer, plans to put up gas stations and auto servicing centres at three of its mall developments. The decision, according to Arvind Nair, managing director of DLF Retail, is to differentiate and provide a wholesome shopping experience to Indian households. ?We are currently in ... More About: Malls
Raheja to set up Logistics Park in Bengal
2008-09-17 07:20:00 K Raheja Corp will be constructing a Rs 2,300 crore logistics park in West Bengal, which is likely to be followed by similar projects in Karnataka, Tamil Nadu and Maharashtra. The company has tied up with ProLogis, the US-headquartered industrial real estate developer, for the initiative and has signed a MoU with the West Bengal ... More About: Park , Logistics
Lending curbs on SEZs to be removed
2008-09-17 07:15:00 The government is planning to remove lending curbs on special economic zones and give SEZs (Special Economic Zone) the coveted ?infrastructure? status, which would help them raise loans at cheaper rates from domestic banks. This would help counter the global financial crises. Since 2006, the Reserve Bank of India (RBI) has been treating lending to ... More About: Special Economic Zones , Lending
Trump chooses Bangalore for foray into Indian real estate
2008-09-17 07:13:00 American real estate tycoon Donald Trump is planning to set up a residential project in Bangalore thus marking his grand entrance in Indian real estate. The Trump Tower will be a Rs 500-crore project with 16 condos and three duplex penthouses each priced between Rs 25 to Rs 40 crore. Trump Organization, is expected to ... More About: Estate , Real Estate , Real
Chennai IT residential sector witnessing slowdown
2008-09-17 06:57:00 Real estate developers are worried as the residential sector on the IT corridor in Chennai is undergoing one of its worst crises ever. Builders had planned luxury apartment projects on Chennai’s IT corridor wanting to take advantage of the growing IT industry. Of the 40,000-odd residential apartments that are expected to come up in the ... More About: Residential
Israeli group to launch Plaza Centers in India
2008-09-16 07:44:00 Entertainment and shopping mall operator Plaza Centers N V, indirectly owned by the Israeli Elbit Imaging Group , yesterday announced its plans to start leasing 10 western style ’shoppertainment’ properties in India . The Plaza Centres will be designed by Uri Shetrit, the chief architect who is in charge of the whole group’s architectural design and urban ... More About: Launch
Thousands waiting to own DDA flats
2008-09-16 07:34:00 The Delhi Development Authority?s sale of 5,010 apartments saw people queuing up by the thousands to take advantage of a once in a lifetime opportunity. By the end of Tuesday, when the authority had stopped receiving applications, an estimated 864,000 applications?equivalent to nearly one in every 16 of the city?s residents?had been bought and some ... More About: Flats , Waiting
Realty stocks fall amid global crisis
2008-09-16 07:30:00 Realty sector stocks fell by 3.93 per cent, with the weakening of the global financial crisis as most of the foreign institutional investors had invested heavily in this segment. Analysts said the drop was due to concerns that the US investment banking major Lehman Brothers which had filed for bankruptcy, would sell of its investments ... More About: Stocks , Global , Crisis , Fall , Realty
Realty major to restructure group companies
2008-09-16 07:25:00 Era Group that specialises in real estate, power and construction equipment major is restructuring group companies. The group has five companies ? Era Infra Engineering, Era E-Zone, Era Landmarks, Era Power and Era Building Systems. Of these, the first two are listed entities. H S Bharana, chairman and managing director said that the group is ... More About: Companies , Major , Realty
Unitech not affected by Lehman crisis
2008-09-16 07:10:00 Among the many investments Lehman had made in India, Delhi-based Real Estate Developer Unitech had received about $175 million (Rs 740 crore) from Lehman and is very confident of surviving the Lehman crisis. A Unitech spokesman confirmed receipt of the funds. ?Unitech has already received the money and closed the deal with Lehman Brothers? managed ... More About: Crisis
Sobha Developers receives additional FDI worth $ 10 million
2008-09-15 07:52:00 Bangalore-based real estate firm Sobha Developers has received an additional Foreign Direct Investment (FDI) worth US$ 10 million in its Special Purpose Vehicle (SPV) from Pan Atlantic LLC, Dubai. The company will use the proceeds for its project at Hosahalli, Bangalore South, which is spread over 13.27 acres with total developable area of more than ... More About: Bangalore , Worth , Million
Commerce minister to review SEZ tax policy
2008-09-15 07:31:00 Commerce ministry is likely to hold a meeting with Special Economic Zones (SEZ) developers to discuss the problems faces by them over the way income tax exemption is granted to the units in SEZ, at the annual meeting of the export promotion councils for export oriented units (EOUs) and SEZs. Commerce and industry minister, Kamal ... More About: Review , Policy , Commerce , Minister
Omaxe to build one million affordable homes
2008-09-15 07:28:00 Real estate firm Omaxe Ltd is looking for business partners to build one million ?affordable? homes in different locations in the country over the next eight years. The company intends investing Rs 500 crore in the venture. The proposed units would be of 300 to 1,000 sq ft, in the price band of Rs 2.99 ... More About: Homes , Million , Build
Six Hotel Projects shelved as Small Realty cos give up
2008-08-01 12:26:00 A buoyant real estate market last year saw several realty firms foray into the hospitality sector. But with slowdown hitting real estate and choking cashflow, several small realty firms have been forced to put at least half a dozen hotel projects on the block. A developer has put on the block a 200-room hotel project in ... More About: Projects , Hotel , Small , Give , Realty
Realty Majors up ad Budget
2008-08-01 11:25:00 Despite the downturn, real estate players have increased their advertising budgets, even as other advertisers are cutting ad costs. The reasons for this are manifold. ?This is a result of desperate measures by most of the developers, and second, stakes are very high as most of the projects are not being sold. Developers have gone aggressive ... More About: Budget , Majors , Realty
Realty Projects, Home Loans set to get Costlier
2008-07-31 13:52:00 The Reserve Bank of India’s decision to revise repo rate and cash reserve ratio is expected to bite the realty industry, which is already burning under a slowdown and price correction. Loans for housing will get dearer and interest sensitive sectors like real estate will be hit hard, said Mallinath Madineni of Arthaeon Financial Services. “We expect ... More About: Projects , Home Loans , Home , Realty
RBI move adds to real estate sector?s woes
2008-07-31 13:47:00 The Reserve Bank of India?s decision to raise repo rate and cash reserve ratio is expected to add to woes of the real estate sector. The realty industry ? which is already smarting under a sluggish demand and price correction ? feels that RBI?s move would tighten the liquidity crunch for developers, and dampen end user ... More About: Estate , Real Estate , Real , Move
Dubai Realty Market still Lacks Transparency
2008-07-29 09:09:00 Dubai?s real estate sector still lacks transparency despite efforts to clean up its image, property and investment management company Jones Lang LaSalle said yesterday. Dubai?s real estate market now ranks as a tier three, or semitransparent market, up from a tier four, or low-transparent market in 2006. ?Dubai still has a long way to go before it ... More About: Market , Dubai , Transparency , Realty
PE Fund picks 40% in Amrapali SPV
2008-07-28 11:47:00 Private equity fund SUN-Apollo Ventures has invested Rs 300 crore for 35-40% equity in an SPV of Noida-based realty firm Amrapali group. SUN-Apollo is a joint venture between Delhi-based Khemka family?s SUN group and US-based private equity fund Apollo Real Estate Advisors. Apollo?s development and investment portfolio is spread across US, UK, Russia and other European ... More About: Fund
Realty Slump Spells Boom Time for Foreign Investors
More articles from this author:2008-07-28 11:38:00 Country?s real estate sector might be witnessing ebbs but the downturn is only making things attractive for foreign investors. The slowdown, in fact, has set in more realistic valuations and growth-oriented investment opportunities for biggies to close in on lucrative deals. The US slowdown and the fact that China is tightening its FDI policy is also ... More About: Time , Foreign , Boom , Investors , Realty 1, 2, 3, 4, 5, 6, 7 |
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