Companies like Brigade Group, Shriram Properties, Confident Group and Skyline Builders are in the final stages of completing the paper work of tying up these investments.
Real estate market in the national capital region is likely to be hit by the steep rise in steel & cement prices. Caught between oversupply of sales of residential properties and rising steel & cement prices, property developers may be forced to review property prices. But realty developers will not pass on the burden to buyers and will try to absorb the shock of the rise in steel & cement prices. Pushing up real estate prices may hinder potent buyer from buying properties.
Real estate developer DLF Ltd on Wednesday said it has secured a Rs 6,000 crore contract from Delhi Development Authority (DDA) for constructing an international convention centre in Dwarka.
Dubai-based realty major Emaar is setting up a 100 per cent subsidiary in India, though it has an equal joint venture with Delhi-based MGF, a real estate developer and financier.
Mumbai-born real estate developer Sunil Puri, like the other Obama delegates from Illinois, Ann Lata Kalayil and Selma D'Souza, has also known Barack Obama long before his run for the United States Senate in 2004 'through mutual friends who are also state legislators'.
India's leading real estate developer DLF Ltd bagged the title sponsorship rights for the Indian Premier League extravaganza that is set to kick off on April 18 for Rs 40 crore per annum.
Singapore is keen on a public-private partnership with India in infrastructure development, especially in real estate and construction sectors, according to a member of a high-level business delegation visiting Chennai.
The potential entrants include the Essar Group, Punj Lloyd, Larsen & Toubro, real estate developer Atlanta, Hyderabad-based Nagarjuna Construction and Delhi-based DS Constructions.
energy conservationists caution against growing number of buildings with glass facades dotting the landscapes of cities as being responsible for energy consumption much in excess that a normal structure would do.
During the last few years, Mysore has been witnessing unprecedented growth in real estate, with a large number of housing co-operative societies having secured land for development of residential colonies.
60 per cent of home buyers are shying away from pre-launches.
Omaxe, L&T and Unitech have already applied for the Rs 200-crore (Rs 2 billion) development projects at Udaipur and Amritsar. The work includes commercial operations and maintenance of the airport terminal building, besides development of 46,268 sq metres and 110,308 sq metres of land for city-side development and cargo handling facilities at Udaipur and Amritsar, respectively.
Was the real estate euphoria just a bubble waiting to burst? The current financial year will reveal the answer.
BPL Group, the consumer electronics firm, which is in the midst of its debt restructuring exercise, has set the ball rolling on wriggling out of its debt pool by selling a part of its land bank.
In a double whammy for real estate developers, banks are likely to raise lending rates to builders by up to one percentage point while consumer interest fades with home loans becoming more expensive.
Andhra Pradesh is to house the country's first Special Economic Zone (SEZ) for Small and Medium Enterprises (SMEs). The first phase of the project, meant to house about 60 SME pharmaceutical manufacturing units in 200 acres of land is to be ready by mid-2008.
With real estate development in India becoming increasingly organised, foreign investors are vying for a piece of the pie, expecting 20 to 25 per cent project return and and between 9 per cent to 11 per cent annual yield on investment.
DLF, a Delhi-based integrated real estate development company, as part of its strategy for the Bangalore real estate market has lined up two integrated townships worth altogether Rs 400 crore (Rs 4 billion).
Ginger Hotels, the no-frills brand by Roots Corporation, a 100 per cent subsidiary of Indian Hotels which operates Taj Hotels Resorts and Palaces, is in talks with real estate developers to rent space in commercial complexes to run its hotels.
Cut to 2019, and his name evokes grief and anger among more than 40,000 homebuyers who are fighting for the keys to their flats, which they should have rightfully got more than seven years back.
In addition, it is banking on Rs 20 billion of additional inflows from group company DLF Assets. The move follows 33 per cent growth in DLF's gross debt to Rs 163.58 billion at the end of March 2009 from Rs 122.77 billion a year ago. In addition, DLF's revenues fell 28 per cent to Rs 105.41 billion as home buyers deferred purchases and it offered discounts to lure buyers. As a result, its revenues were hit to the tune of Rs 6.88 billion.
Former US National Basketball Association star Dennis Rodman arrived in Singapore late on Monday for a summit between US President Donald Trump and North Korean leader Kim Jong Un, saying he was 'excited to be part of it'.
Standalone theatres in the city succumb to multiplex pressure.
In India, where land acquisition for industrial and real estate development has been widespread, the Land Acquisition Act makes the government the master of all that it surveys
The world's leading funds and financial institutions have invested in Unitech Corporate Parks Plc, the company that the Unitech Group floated last week at the London Alternative Investment Market.
Reliance Industries and Nitesh Estates, a Bangalore-based real estate developer, are in the shortlist to buy Hindustan Unilever's Brookefields property in Bangalore.
Real estate developer BPTP Group has won the right to develop 94 acres of commercial land at Noida for Rs 5,006 crore. Country's largest realty company DLF and Omaxe were the other contenders. BPTP's winning bid was nearly 70 per cent more than the reserve price of Rs 2960 crore for the land parcel. The commercial complex at Noida will cater to the shoppers living along and commuting via the expressway. BPTP recently bought a 30 acres plot at Hyderabad for about Rs 666 crore.
Prime Minister Manmohan Singh launched real estate developer DLF Universal's Special Economic Zone project here, as part of initiatives to revive the state's industrial sector.
With the above relaxation, more than 70 per cent of the depositors of the bank will be able to withdraw their entire account balance, the central bank said as most of its account holders have an average balance of just about Rs 10,000.
Non-Resident Indians (NRIs) are one of the key contributors to the growth of the real estate industry and considering the immense potential in India, they are likely to step-up the investment in future.
To lend a Mughal-era ambience to shopping in the city of the Taj, Quality Constructions Ltd, an Agra-based real-estate developer, announced the completion of its Taj shopping plaza project near Taj Mahal on Monday.
The 54-year-old real estate developer, who joined Congress two years ago, after quitting the saffron party, played a key role in engineering the downfall of the Manohar Parikkar-led BJP government in 2005.
Move aimed at checking short-term inflow of foreign funds.
The IAS officer, who was posted for nearly 15 months in the sports and youth affairs department, headed by Minister Anil Vij, has been transferred over 45 times in his career so far.
Robert, who took blood thinners, had experienced brain bleeds that began after a recent fall, The New York Times quoted a close friend of the family's.
Unitech Ltd, the country's second largest realty firm, has forayed into the Mumbai's property market and plans to invest Rs 4,000 crore (Rs 40 billion) in the next three years on real estate development. According to company sources, Unitech plans to develop three million sq ft, primarily office space, in Central Mumbai in the next three years and is targeting to construct up to nine million sq ft in the next five years.
DLF, India's largest real estate developer by market cap, on Monday said it has sold 49 per cent stake in some of its residential projects to private equity investors for a total consideration of Rs 1,675 crore (Rs 16.75 billion).
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