Realty News
Developers have been fast in catching the changing market sentiment that is going to look positive after several quarters of negative outlook. While the home buyers are still showing much caution and staying away from the enquiry counter. The developers have been finding another route to get the unsold inventory that has been absorbed. The [...] Continue Reading »
The pre-sale of the residential units is a largely followed of the practice universally-you pay for the property as it comes up. Although the developers in India take a step back after offering the units for sale at pre launch stage. Post that the buyers start demanding over delivery dates. What this is meaning for [...] Continue Reading »
The cash less real estate sector which has been facing problem to raise funds for the past couple of years have started to remove the fresh investor interest. The Private equity (PE) investment in the sector is being expected to be the Rs 10,000-15,000 crore in FY15. Interest in the realty sector had dropped significantly [...] Continue Reading »
In a report released on Sunday, global property consultant DTZ said that the April-June 2014 quarter witnessed an 11 percent year-on-year increase in office space absorption in Delhi-NCR. As a result of the increase, office space absorption in the Delhi-NCR region touched 1.38 million sq ft during the reporting quarter. However, as per the DTZ [...] Continue Reading »
Fortis Healthcare has revealed in a recent announcement that efforts are underway to set up three new Fortis Healthcare hospitals in 2014. These hospitals will be set up in Bangalore, Ludhiana, and Chennai. The announcement made with regard to the setting up of new hospitals came during the recent inauguration of the Oncology Institute of [...] Continue Reading »
IT bigwig Wipro has revealed in a Sunday statement that, in the next five-year period, the company will hire 7,000 people for its SEZ (special economic zone) facility at Visakhapatnam. Other than the proposed hiring for the Vizag SEC, Wipro also plans to expand its operations to Vijayawada, Kakinada and Tirupati; and also in Telangana [...] Continue Reading »
In a move which will be widely welcomed by the investors in Hyderabad, the Project Monitoring Group (PMG) said in an announcement made on Friday that environmental clearances will be issued online in a few weeks. According to the PMG’s announcement, ‘green’ permits in Hyderabad will go online in less than one month from now. [...] Continue Reading »
The L&T Hyderabad Metro rail project has successfully erected the 1,000th viaduct span and completed work on 27 km of metro viaduct in barely 20 months — thereby setting a new construction record! The noteworthy milestone was recently achieved by the Hyderabad Metro rail project when the 1,000th viaduct span was erected. The erection of [...] Continue Reading »
Since the market sentiment has improved in the real estate, many property funds are exiting out of the existing investments after mopping up a handsome return. HDFC Property Fund, backed by Housing Development Finance Corp. Ltd, plans to exit four of its investments made from its offshore fund portfolio by the end of this year [...] Continue Reading »
The Modi government is putting a lot of emphasis on the ‘’Housing for all by 2022’’ schemes and the realty sector is also singing to that tune after a lull of many quarters. In June, Mahindra Lifespace Developers Ltd, part of the Mahindra Group, announced plans to build 2,200-2,500 houses costing between 10 and 20 [...] Continue Reading »
