LIC Joins Indian Real Estate Bandwagon
Tuesday, October 23, 2007 : The latest to join the Indian real estate bandwagon is the giant Life Insurance Corporation of India, as it recently outbid other realty players in purchasing large tracts of land across the country.
ETA Star to launch Projects in Bangalore
Thursday, October 18, 2007 : UAE based real estate developer ETA Star is all set to enter into Indian real estate with a realty project in Bangalore in 2008.The company will bring the project on its land bank of 300 acres on the outskirts of Bangalore for the planned mixed use developments.
New Players in Indian Real Estate
Monday,October 08, 2007 : Indian real estate has a host of new players - notable debutants include the Adani Enterprises and the royal Ghorpade family.
Govt. Initiates Steps against Pre-Launch Offers
Monday,October 08, 2007 : Pre-launch offers by Indian real estate developers are under a cloud, and the Ministry of Corporate Affairs is keeping tabs on such announcements ever since malpractices under the scheme came to light.
Plush Localities in Indian Metros Retain Lead
Monday,October 08, 2007 : While the debate on the real estate prices
in India's metros continues, plush residential colonies in India's
metros have maintained the steady increase in rates over the last
12 months.
17 Emerging Corridors on Indian Real Estate Map
Thursday, October 04, 2007 : Top ranking destinations are Hinjewadi near Pune and Manesar near Gurgaon, scoring high on all parameters, says the report, with a promising future ahead. Their growth would continue to be sustained by the neighbouring towns.
Royal Touch Added to Udaipur Real Estate Market
Thursday, October 04, 2007 : Real estate in Udaipur, Rajasthan will receive a boost with the launch of a royal township near the Umaid Bhavan Palace belonging to the royal family of Jodhpur.
Mumbai Real Estate Receives a Boost from Railways
Wednesday, October 03, 2007 : It was the defunct mill properties first, followed by Dharavi, and now it's the railways. The city's meagre land resources are slowly beginning to swell, as sprawling tracts of under-utilised land are being made available for real estate projects in Mumbai.
Govt. to Establish Real Estate Regulator
Friday, September 28, 2007 : The move to regulate Indian real estate received an impetus with the Union Urban Development Minister announcing the setting up of a regulator for the redressal of grievances from consumers and builders.
Bangalore Real Estate faces Slowdown.....?
Wednesday, September 26, 2007 : Real estate consultants Cushman and Wakefield have alerted a deceleration in the Bangalore real estate market, especially in the residential property segment
Promising Times for Indian Real Estate: FICCI Report
Tuesday, September 18, 2007 : As per the "FICCI - Ernst & Young Indian Real Estate Report, 2007: Growth & New Destinations", Indian real estate is growing at a 30% rate, spreading evenly across India's smaller towns and cities.
Register your Delhi Property without an Agent
Tuesday,September 18, 2007 : Investors in Delhi's real estate market will be saved the harassment of registering their property with the aid of brokers, once the Delhi Government's e-format goes online by the end of the year 2007.
CREDAI-NCR Conference to Address Indian Real Estate Issues
Tuesday, September 11, 2007 : Indian real estate's apex body, the Confederation of Real Estate Developer's Associations of India, (CREDAI) will host a conference on "Investment Environment and Funding Mechanisms in Real Estate Development" in New Delhi on Friday, the 14th of September, 2007.
Glut in Commercial Properties May Affect Real Estate Prices
Friday, September 14, 2007 : Commercial properties in India are expected to drop in the next quarter, according to a report by real estate consultancy firm DTZ India.
Uppal Looks beyond Delhi Real Estate
Friday, September 14, 2007 : Delhi based Uppal Housing Ltd has announced its plans to invest Rs.1,500 crore in realty projects in Mumbai, Pune, Hyderabad and Tier II cities.
"Smart"Realty Project targets NRIs in Kerala
Thursday, September 13, 2007 : Kerala's real estate market will see a new project take off next week in the vicinity of the Nedumbassery airport at Manjaapra. The Smart Village is being designed with the NRI customer in mind, offering apartments, villas and row houses on 55 acres of land.
CREDAI Conference Upbeat on Indian Real Estate
Tuesday, September 18, 2007 : The "Investment Environment & Funding Mechanisms in Real Estate Development" conference organized by the NCR chapter of the Confederation of Real Estate Developer's Associations of India.
Tuesday, September 04, 2007 : In the current scenario of high interest rates and uncertain real estate market conditions, consultants Jones Lang LaSalle Meghraj have recommended the best locations for investment in India's metros.
Tuesday, September 04, 2007 : Small realty companies are being absorbed by the bigger players in the industry. - DLF is one such company which is buying up the land banks of smaller firms. The company's sources confirmed that requests from several small realty firms had been received and their proposals are being considered.
Friday, September 07, 2007 : Mega-townships are enjoying the patronage of private developers and investors, and state governments are also actively promoting these self-contained zones. Recently, the Karnataka Government approved 11 integrated townships in Bangalore at an investment of Rs.25, 000 crore.
India Urban Report: Cities Have Miles to Go
Thursday, August 30 , 2007 : The National Institute of Public Finance and Policy (NIPFP) has released the draft of the India Urban Report, bringing to light issues affecting urban Indian settlements.
DLF on a Land Buying Spree in Andhra Pradesh
Thursday, August 30, 2007 : ‘Building India’ is the spirit the realty giant DLF lives by – its
latest acquisition is a stretch of 25 acres in Hyderabad for Rs.452
crore in an auction sale to develop an IT Park. The company is understood
to have made a part payment of 30% to the state authority.
FDI in Indian Real Estate Could Slow Down
Thursday, August 30, 2007 : With a credit squeeze facing global investors, foreign investment in Indian real estate may not be so forthcoming, according to some investors. Raising capital for real estate projects could now be an uphill task for foreign investors.
Indian Properties to be Showcased in Delhi, Saudi Arabia
Tuesday, August 21, 2007 : The Properties Ahead '07, Delhi's largest realty
expo is back this year with a host of projects at the Pragati Maidan
on the 22nd and 23rd September, 2007. The event is being organized by
Ecube Entertainment Pvt. Ltd.
The Expo has been organized regularly to the advantage of builders
and developers, corporate clients, consultants and financial institutions.
Tuesday, August 21, 2007 : Real estate, the fastest growing sector in the Indian economy was presented with awards on 16th August, 2007 by CNBC Awards and ICICI Bank Home Loans at Land's End, Mumbai.
Friday, August 17, 2007 : The fourth International Real Estate Summit hosted by the Federation of Indian Chambers of Commerce and Industry is coming up next month in Mumbai at the Hotel Hilton Towers.
Scheduled for the 27th and 28th of September, 2007, the summit will bring together investors from overseas and all the elements of the Indian real estate market.
Friday, August 17, 2007 : Indian real estate giant DLF Ltd. reached Rs 1600 crore deal on Thursday to buy DCM Shriram Consolidated (DSCL) mill land. The deal will give DLF the access to about 38 acres of prime land in Najafgarh in West Delhi.
Thursday, August 16, 2007 : The IBRExpo will proceed to Riyadh on 12th and 13th November at the Al Mubarakiah Hall. Here again, there are a sizeable number (approximately 12.4% of the population) of NRIs with large savings and investment potential.
Kochi hosts Kerala Property Expo
Saturday,August 04, 2007 : Kochi will host the 3-day Kerala Property Expo from August 3, 2007 where participants would include local and pan-India real estate developers. The event will be inaugurated by S.K.Mitter, Director and Chief Executive of LIC Housing and Finance.
Indian Real estate companies post profits in Q1
Thursday, August 02, 2007 : The real estate sector has recorded commendable profit margins, evident from the profits posted by major real estate developing giants in the first quarter. The first quarter was beneficial for almost all real estate developers. Parsvnath Developers posted a record net profit of 179.56 per cent at Rs 102 crore against its previous Rs 36.55 crore.
Housing complex for NRIs in Kolkata
Tuesday, July 31, 2007 : Kolkata based Bengal Shrachi Housing Development in a joint venture with two NRIs has announced the launch of a housing complex, Rosedale Garden, specially designed for non-resident Indians (NRIs).
Realty giant Parsvnath to invest USD 4 billion
Tuesday, July 31, 2007 : Premier realty firm Parsvnath Developers Ltd is set to develop their existing land bank over the next five years by investing over USD 4 billion. Launching over 100 real estate projects in all its segments, they aim at developing their saleable land bank of 153 million sq feet.
Gurgaon SEZ land acquisition at market rates by DLF
Thursday, July 26, 2007 : In a significant development the Haryana government asked DLF to pay the prevalent market rates to the farmer instead of a flexible mutual price while acquiring land for its Gurgaon SEZ.
Property Deals under the Scanner
Monday, July 23, 2007 : Property buyers are under the Tax Department’s scanner, as real estate transactions peaked in the current financial year. The income tax authorities are zeroing down on investors who have invested in property disproportionate to their income.
Delhi Stamp Duty Rates Cut
Monday, July 23, 2007 : The Delhi Government came forward last Friday with a reprieve for potential home buyers by reducing stamp duty on all property purchases. Stamp duty rates have been reduced by 2% for both men and women buyers.
Tuesday, July 17, 2007 :Delhi's top developers are in the fray for the management of MCD's proposed civic centre on Jawaharlal Nehru Marg near Connaught Place. Construction agency IJM Corporation Berhad of Malaysia and architect Shiriesh Malparia & Associates .
Lanco Diversifies Real Estate Portfolio
Tuesday, July 17, 2007 :Lanco Kondapalli Power will execute two road projects in Karnataka on the Build-Operate-Transfer basis for the National Highways Development Project at a cost of Rs.1006 crore.
Monday, July 16, 2007: Bangalore's Real Estate Bank International (REBI) has ambitious plans to reach out to overseas markets with an investment of Rs. 250 million. Offices in Sri Lanka, US, UAE, Singapore, Malaysia and Australia will enable real estate services to reach out to non-resident Indians .
Monday, July 16, 2007 :The National Housing Bank formally launched the NHB Residex last week to monitor residential property prices and evaluate the house wealth in the cities of Bangalore, Delhi, Kolkata, Mumbai and Bhopal.
Wednesday, July 11, 2007 : After DLF and HDIL, it is now the turn of Omaxe Ltd to raise Rs. 550 crore through its initial public offering which opens on July 17, and closes on July 20, 2007.
Saturday, July 07, 2007 : Real estate as a career option is gaining ground, and Indian institutions are drafting specialized courses for the realty sector.
Friday, July 06, 2007 : Ever since the Overseas Indian Facilitation Centre was launched last month, queries from NRIs on investment in real estate and the stock markets have poured in, reports the Confederation of Indian Industry (CII).
DLF Occupies Centrestage on Bourses; Real Estate Stocks Give In
Friday, July 06, 2007 : DLF Ltd hogged the limelight on its first day at the bourses as it traded at Rs. 582.5 per share on the BSE, 11% over its issue price. The developer has been in the news with its IPO raising USD 2.25 billion last month.
SBI and ICICI Bank Wait for US License
Friday, July 06, 2007 : The US Federal Reserve is expected to approve the proposals submitted by the ICICI Bank and the State Bank of India to open branches in the US. The process is reportedly in its final stages, and the approval is expected in a month's time.
Thursday, July 05, 2007 : Relief and jubilation prevailed in the Emaar-MGF camp as the 2010 Commonwealth Games village project finally came its way early this week, with the last of the contentious issues with the Delhi Development Authority finally being resolved.
Thursday, July 05, 2007 :Unitech is making waves with the launch of its "Grande" residential township on the Noida-Greater Noida Expressway stretching 340 acres.
Real Estate Developers Cross Borders
Thursday, June 21, 2007 : Following Strabag SE's teaming up with Indiabulls last week, it is now the turn of Multiplex of Australia to join the Indian construction industry through a tie-up with Emaar MGF for the company's
projects in Goa, Hyderabad and Kochi.
Chennai’s
OMR abuzz with Real Estate activity
Wednesday, June 20, 2007 : The Old Mahabalipuram Road (OMR) is the focus of the Chennai real estate market, as national level real estate developers are homing down to this upcoming IT suburb. Mega residential townships are taking concrete shape, and almost Rs.4000 crore has been poured into the property market.
Emaar-MGF tie-up with Premier Inn for Budget Hotels
Wednesday, June 20, 2007 : Whitbread PLC of the UK is the latest entrant to
the Indian hospitality segment. Premier Travel Inn, the group’s budget hotel
brand, repackaged as the Premier Inn, will partner Emaar-MGF for 80 budget
hotels in the country.
Delhi Property Prices Expected to Increase with New Circle Rates
Tuesday, June 19, 2007 : The Delhi Government yesterday announced the minimum circle rates for property, which determine the lowest rate at which property can be sold for or bought at in the capital city.
Indiabulls Ropes in Strabag for Real Estate Projects
Monday, June 18, 2007 : Indiabulls Real Estate’s strategic tie-up with Europe’s
leading infrastructure and construction company, Strabag SE set the shares
of the Indian company soaring to Rs.383.90, up by 7.16% last Friday.
Real Estate Equity Fund Invests in Pune
Friday, June 15, 2007 : After HDFC Realty Fund, it is now the turn of Indiareit, a real estate private equity fund, to invest in Paranjape Schemes Ltd., a leading real estate developer in Pune.
Developers Announce New Real Estate Projects
Friday, June 15, 2007 : Ansal Housing and Construction Ltd. have announced their latest township projects in Karnal and Rewari, expecting a positive response from end-user investors.
Capital Markets Await Mega IPOs; DLF Oversubscribed 3.4 times
Friday, June 15, 2007 : On the third day of its initial public offering, DLF was subscribed by more than 3 times the 175 million shares on offer, with institutional investors and high net worth individuals forming the chunk of the applicants.
Real Estate Feels the Squeeze as RBI Narrows Funding Avenues
Thursday, June 14, 2007 : Real estate developers in India are facing the brunt of high interest costs on loans from Indian banks. Since the ban on external commercial borrowings imposed by the Finance Ministry.
Indian Real Estate Finds Health a Viable Option
Wednesday, June 13, 2007 : The health sector is catching the interest of real estate developers as privately run specialty hospitals and medical tourism become popular.
Mergers New Trend in Indian Real Estate
Wednesday, June 13, 2007 : Indian real estate firms have realized that better synergy can be achieved through partnerships and mergers. Adding to the growing list of tie-ups are Trammel Crow and the Uppal Group which entered into fresh alliances early this week.
New Residential Developments fuel Real Estate in Kolkata
Tuesday, June 12, 2007 : Kolkata’s real estate market is hotting
up as its peripheral limits stretch to include once distant suburbs
like Rajarhat in the north-east, Batanagar in the south-west, Howrah
in the west and Dankuni in the north-west.
Rupee, Real Estate Stocks Gain as DLF Issue Storms Market
Tuesday, June 12, 2007 : The rush for DLF’s stocks in the opening
hours of the IPO on Monday morning confirmed the confidence investors
have in the real estate industry, despite talks of an overheated
market.
Indian Real Estate Firms Plan Large-Scale Investments
Tuesday, June 12, 2007 : Furious activity is being noticed in
the builders’ camp as real estate developers in India chalk
out mega projects, seek global partners or plan for public issues
to finance their businesses.
