Costs on the outskirts soar 50-100% through past year
At Rs 10-25 crore each, with star design and promotion, the segment is supposed to be recession-proof.
According to experts tracking the realty sector, sites such as Magicbricks.com, 99acres.com and makaan.com are fast-becoming the choice of consumers looking for renting a property, as such sites let them directly connect with the owner and save time and money.
The tie-up with IBM for Wave City, to be spread over 4,500 acres, is meant to provide information on traffic management through SMS alerts and billing usage.
With the recent Budget announcements, the sales in the affordable segment are expected to increase.
A day after the Budget, the industry estimates the sale of affordable homes could increase up to 20 per cent this year due to an additional exemption granted to first-time buyers.
Major companies DLF and Unitech have posted an increase in their net profit after a gap of almost two years.
Policy could end land acquisition and green nod problems, and encourage foreign investors.
Vanitha Narayanan's appointment comes at a time when the IT sector in the country is grappling with the after effects of the slowdown and is weighed by an uncertain economic environment and spending cuts.
While the thrust will be on pan-India residential projects, office and retail launches, too, will add up to make for the realtor's project mix of 12 to 16 million sq ft during the coming year.
After spending 20 years at HCL Technologies and heading various service lines, Anant Gupta on Thursday assumed the role of president and chief executive officer.
After GMR Infrastructure pulled out of the Ahmedabad-Kishangarh highway project, there were reports that delays in getting green clearance was one of the reasons behind the infrastructure firm's decision.
Even as the number of internet users continues to rise and the government increasingly seeks to offer citizen-centric services through the internet, data show about half the government departments and ministries in India are vulnerable to data theft, hacking and cyber terrorism.
Data says 774 government websites have reportedly been hacked in the last five years, reports Piyali Mandal.
Government will give financial incentives to private companies to set up manufacturing units in India.
The move will help to curb the grey market for sub-standard electronics products.
Lack of clarity over long-term commitments by states for buying RE acting as a dampener.
Deals shrink to $396 million this year, compared to $793 million in 2011.
The event will take place between November 26 and December 7.
After a prolonged slide, the price of each well below a euro, a 95% fall in 4 years, with no relief in sight.
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