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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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Indian Retail Sector
2009-03-26 11:41:00 ?A couple of things have gone wrong with respect to modern retailing in India. We have gone wrong in estimating the market size, we have gone wrong in understanding the consumer mindset and preferences, and specially the curve on which consumer will grow,? commented Rajneesh Mahajan, executive director, retail services, Cushman & Wakefield. ?It resulted ... More About: Indian , Retail
Sobha Developer Cuts Workforce by 30%
2009-03-26 08:55:00 Sobha Developer s Ltd, a leading realty firm in south India, has witnessed its monthly revenue reduce by more than half, from Rs120 crore to Rs 50 crore. With sales down, Sobha has been forced to cut its 3,000-strong workforce by about 30%, to 2,170. However, with revenue from the real estate sector going down, the ... More About: Cuts , Sobha
Chennai to have 6 More Malls Despite the Slump
2009-03-25 14:17:00 The slowdown may have stalled construction projects across the country, but Chennai is set to get six to eight new malls in the next couple of years, replete with food courts, cinema theatres, gaming arcades and shops. “In another two to three years, about six to eight malls are expected to become operational. Two will ... More About: Malls , Slump
30% Correction Expected in Real Estate
2009-03-25 14:12:00 With investors shying away from real estate sector, Property Investment Advisors ASK expects there could be an up to 30 per cent price correction across most realty markets in the country. “We believe that there is scope for another 25-30 per cent correction in prices in most (property) markets of the country,” ASK Property Investment ... More About: Estate , Real Estate , Real
Omaxe Concentrates on Construction Business Post Real Estate Crisis
2009-03-25 14:04:00 Bucking the downtrend in real estate, Delhi-based developer Omaxe is revisiting its construction business to keep the cash flows going. Recently the company bagged Rs 39.95 crore contracts from Haryana State Roads & Bridges Development Corporation. ?In the past six months we have received construction orders worth Rs 650 crores and we are expected to ... More About: Business , Estate , Real Estate , Post , Construction
3 Year Lock-in for Foreign Investment in Real Estate
2009-03-25 13:05:00 Foreign investors in Indian real estate cannot sell their stakes to another foreign investor before three years, the Foreign Investment Promotion Board (FIPB), the body that clears such proposals, has said. With this, FIPB has overruled a provision in FDI policy that exempts foreign players from the rule in cases where fund transfer is from ... More About: Estate , Real Estate , Foreign Investment , Foreign
IPL Shift Over will Badly Affect Hotel Industry
2009-03-24 13:16:00 A disappointed tourism and hotel industry on Sunday said the popular IPL cricket tournament going out of India was a ?shame? for the country, as the crisis-ridden hospitality sector missed an opportunity of gaining from the cricket carnival. While luxury hotels in 12 cities hosting 59 matches during the 45-day tournament did not expect many ... More About: Industry , Hotel , Shift
Experts Believe Home Loan Rates will Go Down Further
2009-03-24 13:13:00 Home loan interest rates, especially on new home loan accounts, started softening from the beginning of this year when the Reserve Bank of India (RBI) announced sharp cuts in the repo rate and cash reserve ratio (CRR). The RBI started slashing the key policy rates since October last year, after taking into account the worsening ... More About: Home Loans , Home , Loan , Experts , Rates
City Corporation to Build India?s First Digital Township
2009-03-20 06:52:00 SAP India today announced that City Corporation Ltd, a real estate promoter and builder in Maharashtra, has successfully gone live on SAP ERP to help accelerate its business expansion plans. This includes building 50,000 houses across five townships around Pune including construction and township management of India?s first digital township, Amanora Park Town. The Amanora ... More About: Digital , Build
Fairer Sex Investing More in Real Estate
2009-03-20 06:48:00 A higher real estate tax rebate and cheaper loans for women in some parts of India is increasingly attracting the fairer sex to invest in property, it is claimed. Potential female buyers can benefit from tax exemptions, lower stamp duties and easier availability of home loans, according to Aman Gehlot, director of developers Ambience Group, ... More About: Estate , Real Estate , Investing , Real
Make Smart Real Estate Investment Choice During Crisis
2009-03-20 06:32:00 The country is facing a negative inflation or deflation scenario with inflation touching near-zero level of 0.44% and expected to go down further in coming weeks. If negative inflation sustains for longer period of time, it will affect economic activities and in turn performance of most of the companies. In the current scenario, prices are ... More About: Estate , Real Estate , Real Estate Investment , Investment , Smart
Government Backs Orange Realty?s Subsidiary Plan in India
2009-03-20 06:18:00 The Government today allowed Orange Realty to set up a wholly owned subsidiary in India . The company has already received Rs 2,051 crore from IREO Investment Holding III, a Mauritius-based fund focused on setting up SEZ, IT/BPO Parks, and development of real estate projects. An IREO spokesperson said that Orange Realty?s application to Foreign Investment ... More About: Special Economic Zones , Plan
53% Built Homes Remain Unsold in Metros
2009-03-18 07:03:00 More than half the houses built in six major cities over the last two years are lying unsold, estimates a leading real estate research agency. Just about 3.86 lakh homes out of the 8.21 lakh built in the last two years in the Mumbai Metropolitan Region (Mumbai, Thane and Navi Mumbai), National Capital Region (Delhi, ... More About: Homes
Sabeer Bhatia?s 11,000 Acre IT Hub Project in Trouble
2009-03-17 12:45:00 As the credit crunch worsens for realty developers, the latest project to bite the dust is Parsvnath and Hotmail co-founder Sabeer Bhatia?s proposed 11,000 acre IT hub called the Nano City at Naraingarh in Panchkula district in Haryana. According to sources Bhatia’s partner Delhi-based real estate player Parsvnath Developers may pull out of the project, ... More About: Project
Govt can Take Measures to Provide Affordable Housing
2009-03-17 11:45:00 A high-level task force of the government has recommended setting up of a “real estate regulator” and a dedicated institutional framework to look into the issue of providing affordable houses to the people. The regulator could serve as a single window for overseeing and monitoring the affordable housing agenda and promote policy reforms like stamp ... More About: Housing , Affordable housing , Govt
Timely Completion of Projects- Builders New Mantra to Encourage Buyers
2009-03-17 11:43:00 When it comes to selling residential projects in a downturn, the promise of ?timely completion of project? has become as good a bait, as any other ? affordability, complementary club membership or swimming pools. With the slowdown in sales and cash crunch delaying real estate projects, some builders have started pitching ?on time completion? as ... More About: Projects , Builders , Buyers , Mantra
Job Insecurity Keeps Youngsters Away From Realty Purchase
2009-03-17 11:39:00 The average age of the buyer when realty industry was at its apex was as low as the mid-20 s. But with sentiments not perking up, this segment too has witnessed a sharp drop in buying capacity and has pushed up the average age once again in the 35 plus age bracket. There has been ... More About: Purchase , Realty
Industries Connected to Real Estate Bear the Brunt of Low Demand
2009-03-16 06:02:00 Demand dynamics in one large industry decide the fortune of its ancillary industries. For example, in the past, Indian auto component makers gained from the booming domestic auto sales and higher demand from global auto majors. Now with the global economic downturn and sagging automotive sales the world over, the outlook of auto component industry ... More About: Estate , Real Estate , Industries , Real , Connected
Govt Looks for Measures to Boost Real Estate Demand
2009-03-16 05:42:00 Homebuyers have become hard-nosed bargainers. They are leaving no stone unturned to get a better deal. Sitting on the fence, they are waiting for the market to bottom-out before they make a move. This has prompted the government to boost demand by offering sweeteners to homebuyers. A subsidised rate of interest for the sub Rs ... More About: Estate , Real Estate , Real , Boost , Govt
NRIs- Ray of Hope for Realtors
2009-03-14 07:33:00 Realtors in Mohali district have seen a ray of hope among NRIs to keep their business going during the global slowdown. While the local buyers are hesitating from buying houses coming up in large number in the district, it is the interest of NRIs from Canada, US, England and middle-east countries that has given ... More About: Realtors , Hope
Donation to Political Parties Worries Builders
2009-03-14 07:23:00 They are known to be the largest source of funding for politicians. But with elections barely a month away, Mumbai ’s builders are in a bind as fixers and agents representing political leaders from various parties have started calling them up for money. The slowdown in the real estate market has put them on the ... More About: Political , Builders , Parties , Donation
Kolkata?s Real Estate Recovering Slowly
2009-03-14 06:29:00 It?s still early days, but Kolkata ?s property turf appears to be recovering slowly if responses at the city at the recently concluded property fair, Real ty Expo 2009, is any indication. The city’s annual property exhibition witnessed record footfalls, enquiries and residential spot bookings. The state chapter of Confederation of Real Estate Developers’ Associations of India ... More About: Real Estate
RBI Examines the Books of 10 Real Estate Companies
2009-03-14 06:22:00 The Reserve Bank of India (RBI) is examining the books of ten real estate companies to verify their solvency and assess the systemic risks arising from possible defaults by these companies on various loans and public deposits. Sources close to the development said the exercise followed concerns expressed by bankers over possible large-scale defaults in ... More About: Companies , Books , Estate , Real Estate , Real
International Real Estate Giant RE/MAX Opens Office in Delhi
2009-03-14 06:11:00 Real estate giant RE/MAX International recently opened in India with a new branch in New Delhi . After the signing, RE/MAX Chairman and Co-Founder Dave Liniger introduced over 100 employees to the new owner of RE/MAX India, Samir Chopra. India is one of five countries REMAX has opened offices in within the past two months. “RE/MAX ... More About: Office , Estate , Real Estate
DLF?s Ambitious Bidadi Project in Trouble
2009-03-13 06:57:00 As if the existing woes were not enough for the country’s cash strapped real estate companies, there are more worries coming their way. And this time, there is trouble brewing for the country’s largest realty player, DLF, in its ambitious project at Bidadi near Bangalore. The 9,000 acre New Bangalore project at Bidadi in Karnataka, ... More About: Project
Frustrated Builders Look Out for Schemes to Attract Buyers
2009-03-13 06:54:00 With real estate prices continuing to fall, builders have been forced to come up with innovative schemes in order to woo buyers. Price guarantee scheme is one such sop being offered by the builders. This scheme ? being offered by the members of Confederation of Real Estate Developers? Association of India (CREDAI), Karnataka ? is ... More About: Builders , Frustrated , Buyers
Phenomenal Fall in Real Estate Prices
2009-03-13 06:46:00 Real estate market in India is trapped in a vicious cycle of plunging prices. With the bottom nowhere in sight, potential buyers do not want to try and catch a falling knife, says Pranay Vakil, chairman, Knight Frank India, a property consultancy firm. ?They are expecting a further cut in prices, while developers themselves have ... More About: Estate , Real Estate , Real , Fall , Prices
Organised Retail- Losing its Path
2009-02-12 06:59:00 Organised retailers remain unsure as to which format works best and, given their loss levels, cannot even invest in the kind of supply chains they need to be competitive. Each square foot of retail needs Rs 2,000 of capital, organised retail makes a profit of just Rs 300! So who?s going to fund it? With more ... More About: Retail , Path
New FDI Policy will Benefit Retail Sector
2009-02-12 06:54:00 Retail, telecom, media and a host of sectors in which foreign direct investment (FDI) is restricted stand to gain from changes in FDI policy that the Cabinet Committee on Economic Affairs (CCEA) cleared today linking approvals to the concept of control for the first time. The new norms were proposed by the Department of Industrial ... More About: Retail , Policy , Benefit
Rs 20 Billion Loan Secured by DLF from Banks
More articles from this author:2009-02-11 06:15:00 DLF Ltd., India’s biggest realty company by sales, has secured long-term loans of about 20 billion rupees ($411.7 million) from three state-run banks and a financial institution, a person with direct knowledge of the matter said Tuesday. DLF has tied up loans of about 7 billion rupees from Punjab National Bank and 3 billion rupees ... More About: Banks , Loan , Billion 1, 2, 3, 4, 5, 6, 7 |
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