Real Estate & Investment News in India from Propertyshowrooms.com

Indian Property Market Slump - 5000 Jobs lost in construction in Pune

Fri, 16 Jan 2009 00:00:00 GMT

Pune, India seeing construction projects cancelled and workers laid off Falling sales, dropping prices and cash shortages have cause the cancellation of more than 450 real estate projects in Pune, leading to around 5,000 construction workers and many others being made redundant...

Al Fara Group to increase partnerships for India

Thu, 15 Jan 2009 00:00:00 GMT

The Al Fara Group has announced it is to work on furthering business relations between India and the United Arab Emirates (UAE). According to the company, Dr JR Gangaramani, its president and executive chairman, has been responsible for the establishment of the Indian Business Professional Group, set up to increase communication between the two countries. He stated...

Realty biggies foray into affordable housing

Sun, 4 Jan 2009 00:00:00 GMT

New Delhi: Big is out, small is in. A host of private developers are getting busy launching new projects to cash in on the ‘affordable’ demand. Consumers looking to buy their own house can now heave a sigh of relief as many realty biggies are unveiling flats in the range of Rs 5 to 20...

World Bank to provide $14 bn to India for infra projects

Fri, 12 Dec 2008 00:00:00 GMT

The bulk loan offered to India is for developing its infrastructure projects and to achieve the millennium development goals. Further, part of the loan would be spent in the seven low-income states -- Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa, Rajasthan, and Uttar Pradesh -- to support the poverty reduction programmes...

Will terror attacks affect India's investment prospects?

Wed, 3 Dec 2008 00:00:00 GMT

The key to whether the current aversion will extend into the long run is whether the government has a plan to deal with both terror and kickstarting key economic reforms...

Low-cost homes for growth

Thu, 20 Nov 2008 00:00:00 GMT

Policy makers all over the world are increasingly reaching for old Keynesian fiscal policy tools to salvage economies sliding into recession. But governments need to focus their spending on projects with the biggest social and economic spin-offs. Low-cost housing would surely rank high when it comes to a positive multiplier effect. Potential demand for low-cost...

Why the global recession is also an opportunity for India

Tue, 21 Oct 2008 00:00:00 GMT

The near recession in the US and the global meltdown will, of course, have its impact on India's high-tech industry, as it is one of the greatest financial crises of our globalised times. But it also presents an opportunity for Indian services vendors to improve their market share, while forcing them to diversify and de-risk across sectors and geography....

South East Asia property market likely to weather the global downturn

Mon, 20 Oct 2008 00:00:00 GMT

Outside of India and China, Asia is well positioned to weather the global finance and property downturn, according to the latest analysis...

China and India Emerge as Top Property Investment Zones

Sun, 19 Oct 2008 00:00:00 GMT

Opportunities in Asian real estate over the medium and long term are so good that US investment bank Merrill Lynch has raised $2.65 billion of equity to invest in property in the region. It is the latest of a series of groups to announce that they are pumping billions of dollars into the Asian markets...

Merrill raises fund for Asian real estate

Thu, 16 Oct 2008 00:00:00 GMT

Hong Kong: Merrill Lynch said Tuesday it had raised a $2.65 billion fund to invest in Asian real estate, tapping global investors despite the financial turmoil and falling real estate markets. Merrill’s fund is among the biggest to be raised for Asian property this year, though slightly smaller than a $3 billion fund announced by LaSalle...

Honourable Kumari Selja to open Cityscape India

Mon, 22 Sep 2008 00:00:00 GMT

Minister of State (Independent Charge) for Ministry of Housing and Urban Poverty Alleviation to outline affordable housing initiative to international investors & developers at Mumbai real estate showcase The honourable Minister for Housing and Urban Poverty Alleviation, Kumari Selja, will be cutting the ribbon at this year’s Cityscape India, which is due to take place at...

Property discounts offered by developers in India to boost real estate market

Mon, 22 Sep 2008 00:00:00 GMT

Developers in India are starting to offer discounts in a bid to boost a slowing property market...

Speculators seen keeping off from realty market

Sun, 14 Sep 2008 00:00:00 GMT

Mumbai: Speculative buying in the real estate market in leading cities has declined to 5% from 30-40% earlier and genuine end-users account for nearly 80% of total property sale, a report on real estate by Ernst & Young and FICCI has said. The report said, “The last three to four quarters have witnessed a significant shift...

‘Global interest in Indian real estate growing’

Wed, 10 Sep 2008 00:00:00 GMT

The convergence of infrastructure development, real estate projects and government initiatives is expected to open large business opportunities and spread the benefits of growth across the country. This will be triggered by the unlocking of land value to finance the cost of infrastructure development through cross-subsidisation of projects and collection of betterment charges, says the Ficci-Ernst...

Mittal warns that delays raising costs of India projects

Wed, 10 Sep 2008 00:00:00 GMT

New Delhi, Sept 10 : Arcelor Mittal is facing cost overruns for its projects in India because of delays in securing regulatory approvals, and is looking to expand in other emerging markets, said its chairman, Lakshmi Mittal, today...

Parsvnath Residency in Moradabad

Sun, 7 Sep 2008 00:00:00 GMT

Parsvnath Developers (PDL) has launched its group housing project Parsvnath Residency at Moradabad. The project is strategically located at Ram Ganga Vihar, Phase - II. Parsvnath is investing approximately Rs 15 crore in the property for which construction has already begun and is scheduled to be completed by the end of 2010. The project will offer...

Puravankara, NYU mull realty school

Tue, 26 Aug 2008 00:00:00 GMT

Bangalore: Real estate firm Puravankara Projects, which recently outlined plans to develop low-cost housing, is exploring the option of setting up a real estate institute in the country, a senior company official said. The firm has invited faculty from New York University’s (NYU) Schack Institute of Real Estate, to study the possibility of setting up a...

NRIs more attracted to real estate back home

Tue, 19 Aug 2008 00:00:00 GMT

At a time when the US and European economies are spiralling down, the Indian economy in general is looking up, despite the current slowdown. Not surprisingly the NRI is investing in various sectors, including real estate. Several real estate projects across India have garnered approximately 10-20% participation from NRIs. The return on investment provided by Indian...

Marwari bond is fuelling real estate market in Jodhpur

Tue, 19 Aug 2008 00:00:00 GMT

Jaipur’s loss is Jodhpur’s gain. The downfall in the state capital’s property market post-bomb blasts, which had ripped the city apart in May, has steered investors to look westwards. This apart, the strong Marwari bond is fuelling the real estate market of Jodhpur. Blue Earth Consultants CMD Surendra Kumar Rajpurohit says the affluent Marwari business community...

Housing Price Predictions in Mumbai

Fri, 15 Aug 2008 00:00:00 GMT

Mumbai real estate developers, Housing Development and Infrastructure Ltd, has predicting a drop in real estate values all over the country of 25% this year But their predictions don’t hit Mumbai really hard as they say that their prediction of the drop will exclude Mumbai which will experience considerably less of a hit - a 10 per cent drop instead...

Private developers need to buy 70% land for SEZs

Mon, 11 Aug 2008 00:00:00 GMT

The policy framework of special economic zones (SEZs) are getting tweaked to meet the aspirations of all stakeholders. One of the latest regulations on the anvil pertains to land acquisitions. Following the recommendation by an Empowered Group of Ministers (EGoM), private developers should buy 70 % of the land at prevailing market prices with government acquiring...

Al Fara'a to launch projects in India

Wed, 6 Aug 2008 00:00:00 GMT

Al Fara'a Properties plans to launch three high-end properties worth more than Dh1.5 billion in India in the next six months the company's first venture outside the UAE...

Mumbai Road Simply Streets Ahead

Tue, 5 Aug 2008 00:00:00 GMT

The only surprise about a lane in Mumbai joining the league of the world's ten most expensive streets, is that it's taken this long to get on the list...

Indian firm to invest Dh1.5bn in the UAE

Tue, 5 Aug 2008 00:00:00 GMT

BSEL Infrastructure Realty FZE, the fully owned subsidiary of the India's BSEL Infrastructure Realty Limited, will invest Dh1.5 billion in the UAE property market by 2010, with plans to launch a mixed-use project on the Waterfront in the next three months...

Real estate prices in bubble zone

Wed, 30 Jul 2008 00:00:00 GMT

The question that bothers a lot of prospective home buyers is whether they will miss the bus if they wait any further. However, the right question should be: Can I afford to buy a house today? Even if you are one of those blessed ones, the thought should be: Is it a fair price for...

Ansals launch SEZ project in Murthal

Mon, 28 Jul 2008 00:00:00 GMT

Ansal Properties and Infrastructure has launched its fifth special economic zone (SEZ) project in Murthal, in Sonepat district of Haryana. The SEZ is spread over 250 acres and will see investments of over Rs 900 crore. The project will be funded through internal accruals of the company. The SEZ would be the first in northern India...

Indians may buy £15-bn worth London realty by 17

Tue, 22 Jul 2008 00:00:00 GMT

London: Globe-trotting Indians could spend as much as Rs 128,000 crore or £15 billion on residential property in the UK in the next decade, one of the world’s leading real estate companies has predicted in the first tabulation of its kind. The estimate of 21st century Indians’ buying power comes from Jones Lang LaSalle Meghraj (JLLM)...

Omaxe to sell pie to PEs in mass-housing project

Tue, 22 Jul 2008 00:00:00 GMT

Omaxe Ltd, the New Delhi-based realtor, is in “advanced talks” to raise funds for its ambitious affordable housing project from private equity investors, a source close to the development said. However, the financial stake sale plan could not be ascertained immediately Omaxe did not immediately comment on the issue. “Omaxe is in talks with some PE...

Baani and Gowealthy.com launches iDubai

Tue, 22 Jul 2008 00:00:00 GMT

Baani Group, India-based real estate Development Company, has unveiled their maiden venture, iDubai, a 50-storey residential twin tower at Dubai Maritime City...

Delhiites prefer to wait & watch

Thu, 17 Jul 2008 00:00:00 GMT

Even as real estate transactions have slowed down in the national capital region (NCR), the capital rates have largely remained firm. Both buyers and sellers seem to have opted for a wait-and-watch policy. While the buyers are pinning their hopes on a price correction, sellers are expecting another spurt of price in the wake of pent-up...

A calm life in Palm drive

Thu, 17 Jul 2008 00:00:00 GMT

After stressful office hours and traffic jams, all one wants to do is relax and unwind in the confines of one’s home. Keeping the requirements of stressed out executive in mind, Emaar MGF has come out with a residential project that promises to provide a cocoon. Palm Drive, the residential complex claims to offer contemporary living...

QVC Realty to launch first project in Bangalore soon

Thu, 17 Jul 2008 00:00:00 GMT

Bangalore: The real estate sector, which experienced an unprecedented growth over the last three-four years, will go through some consolidation over the next year or two,” said Mr Prakash Gurbaxani, Founder and Chief Executive Officer, QVC Realty. He said that supply was increasing now across asset classes, and business was becoming more competitive. “In such a...

Parsvnath picks up 38% stake in Nano City project

Thu, 17 Jul 2008 00:00:00 GMT

Real estate company Parsvnath Developers Ltd (PDL) on Wednesday announced that it has picked up a 38 per cent stake in Nano City Haryana Ltd, a proposed knowledge city project spread over 11,000 acres in Panchkula near Chandigarh. “We will be making an investment of Rs 400 crore as equity and debt. Parsvnath has acquired 38...

Hyderabad: Real estate hotspot

Wed, 16 Jul 2008 00:00:00 GMT

Hyderabad has yet another first to its credit. The city has become the first and favourite destination for several international players interested in real estate business. Over the last 12 to 18 months, the city has attracted biggies like Sunway Berhad, Malaysia, ACI Real Estate - an affiliate of German investment company Alternative Capital Invest...

Get your estate planning done

Wed, 16 Jul 2008 00:00:00 GMT

Everyone worries about securing their own future besides the future of their successors. Real estate planning is gaining popularity these days as people realise the benefits and the need of it. Estate planning involves more than merely making a will. It involves strategically arranging one’s investments in assets in such a way that returns are...

Developers cutting out frills

Wed, 16 Jul 2008 00:00:00 GMT

Developers resigned to the increasing costs of construction are now hoping to save on expenditure to protect their margins. The easy option of passing on additional costs to the buyers is now not available in the face of slow sales of residential units across most cities. With the prices of major inputs, including cement, steel, aggregates...

Indian developers target booming Middle East realty market

Wed, 16 Jul 2008 00:00:00 GMT

With the construction boom in the Gulfmarkets, realestate majors in India such as Hiranandani Constructions, Sheth developers, Nahar Group and Damac Properties are planning to develop their realty business in multiple locations including Abu Dhabi, Ajman, Istanbul and Dubai. Indian real estate investors based out of the Gulf who have earlier invested in Indian properties too...

India's Property Sector May Offer Bargains

Wed, 16 Jul 2008 00:00:00 GMT

Amid the debris of a battered Indian real-estate sector, some analysts say investment bargains may be emerging. Their favorites: blue-chip property companies DLF and Unitech...

NRIs to spend Dh122m in Indian housing plans

Wed, 16 Jul 2008 00:00:00 GMT

Non resident Indians (NRIs) in the UAE are expected to invest up to Dh122 million in India's emerging housing market across 16 rural development, according to industry experts...

Emaar To Invest $150M In Three Indian Projects

Wed, 16 Jul 2008 00:00:00 GMT

Emaar is set to inject $150 million for a 20 to 25 per cent stake each in three real estate developments in India, to boost funds in its Indian joint venture...

Luxury apartment demand still robust

Tue, 15 Jul 2008 00:00:00 GMT

The blood bath in the residential realty market is for real. So is the appetite of HNIs for houses in tony districts. But even as demand for affordable housing goes down, capital values of all high-end residential localities in major cities have witnessed a 10-20% rise in the last six months. Perhaps, the trend defies all...

Pune bucks the trend

Tue, 15 Jul 2008 00:00:00 GMT

At the end of May, the Magarpatta Township Development and Construction Company announced a spanking new housing project on Sinhagad Road, an area that, till not so long ago, was referred to as ‘city outskirts’. A month on, the first phase of 5,800 apartments, of 20,000 planned, is fully sold out. Ditto the case with other...

Ansal API launches hi-tech city project

Tue, 15 Jul 2008 00:00:00 GMT

New Delhi: Real estate company Ansal Properties and Infrastructure Ltd (Ansal API) on Saturday announced the launch of its hi-tech city project ‘The Megapolis’. The UP Government approved township adjoining Greater Noida would be spread over 2,500 acres and is extendable to about 9,000 acres. “The investment in the project will be close to Rs 13,600...

Sobha Targets Dh10b Portfolio in UAE

Fri, 11 Jul 2008 00:00:00 GMT

Indian developer Sobha Real Estate, whose annual turnover crossed Dh2.2 billion ($600 million), will increase its project portfolio by Dh2 billion to nearly Dh10 billion in two years, a top official said...

Dip in Mumbai property market prompts developers to offer freebies

Wed, 9 Jul 2008 00:00:00 GMT

The property market in Mumbai is reporting a dip in house prices and rentals, with those in the suburbs the worst affected...

NRIs home in on India, account for 10% of sales now

Tue, 8 Jul 2008 00:00:00 GMT

Home sales in India might have turned sluggish but sales to non-resident Indians (NRIs) is booming. According to Jones Lang LaSalle Meghraj (JLLM), residential sales to NRIs have tripled over the last six months, from 3% to about 10% of the total sales. “What would happen when one loses his job in the US? The downturn...

DLF plans Rs 800-cr fund for construction infra push

Tue, 8 Jul 2008 00:00:00 GMT

DLF is looking at setting up a Rs 800-crore venture capital (VC) fund with a mandate to invest in companies engaged in equipment management and construction activity. This is being seen as a strategic move by DLF to support its rapidly expanding construction activity. The Delhi-based firm has filed the documents with market regulator Sebi seeking...

Realty on the boil

Mon, 7 Jul 2008 00:00:00 GMT

The Stock markets are in a flip-flop mode and that’s giving sleepless nights to investors. But if experts are to be believed, the heavy duty bad news could be coming from the real estate markets soon. SundayET has learnt that there’s a further 15-20% dip in the offing in residential capital values, in a market that’s...

TNHB stepping in to fill the gap

Mon, 7 Jul 2008 00:00:00 GMT

The Tamil Nadu Housing Board, the public sector agency, is active in housing and commercial projects after nearly a decade of dormancy. It is planning affordable urban housing for the middle-and low-income group. After going it alone in the earlier years, TNHB today is open to joint ventures with private developers for cost effectiveness...

Skyscraping bull run

Sun, 6 Jul 2008 00:00:00 GMT

In the past year, this company has done full justice to its name. Indiabulls Real Estate Limited (IBREL), with projects spreading over a total land area in excess of 10,000 acres, has taken a giant leap from rank 320 last year to the B&E Power 100 list at rank 83. It’s now one of the...