Realty News
The year 2014 looks promising for REITs or Real Estate Investment Trusts. Anticipating a go ahead in this year’s budget, the trusts offer hope to realty developers who are struggling with low sales and high fund costs. Like mutual funds, REITs can be traded and listed in exchanges. They are tax-free and invest in malls, [...] Continue Reading »
Everstone Capital is a private equity firm in the process of purchasing a minority stake in lifestyle mall operator Fun Republic in Mumbai, which is also controlled by Subhash Chandra Goel. Up to thirty percent of this Essel Group company might be bought by the firm that is promoted by Sameer Sain and Atul Kapoor. [...] Continue Reading »
Tata Group’s realty company, Tata Housing is preparing to invest Rs. 3,000 crore into joint development agreements, and more land this financial year (FY). MD and CEO of Tata Housing Development, Brotin Banerjee says that the current FY is very important for the company, as they plan on increasing expenditure on acquiring land. The move [...] Continue Reading »
The BJP’s election manifesto always shouted loud and clear ‘’ Ache din aane wale hain’’. Post-election and the swearing in of the new government, the nation is still dancing to that tune. The residents of three DLF projects—Belaire, Park Place and Magnolias now can breathe a sigh of relief with the good news as Competition [...] Continue Reading »
The real estate company’s stock rose by 64% in the last month, since the company’s performance was affected by anticipation of economic development. Goldman Sachs analysts say that better project executions and affordable valuations have made it the preferred stock. Standard Chartered analysts note that there has been a major improvement of main project executions [...] Continue Reading »
International research company, Ipsos has conducted a poll which revealed that around 6 out of 10 Indians believe that investing in vacation homes, investment property, and other realty this month, will garner positive results. Associate director at Ipsos Business Consulting, Bhasker Canagaradjou says that the formation of the new government has had a positive impact [...] Continue Reading »
Speculations are on in the property market post the newly elected Modi government declared housing for all by 2020. The low budget housing projects for urban lower income group dwellers to witness a surge is what the industry analysts speculate. However the analysts believe that the fortunes of realty the sector will not change so [...] Continue Reading »
Project launches in Kochi might seem to depict that the real estate industry is on the rise, but the decreasing rate of property registrations tell another story. The financial year 2013-14 saw a dip in this aspect, in comparison to the year before. In terms of percentages, the decrease is only around 1%, but a [...] Continue Reading »
Six IT companies which are UST Global, Trans Asia, Claysys Technologies, Syscon Group, Brigade Enterprises and Media Systems will set up campuses in Kochi’s 160-acre Infopark Phase II project. Ferston Infratel Pvt Ltd and Abad Builders are also jointly developing this IT infrastructure facility and the expenses are expected to be Rs. 2500-crore. Industries and IT [...] Continue Reading »
The Goa government’s proposed Rajiv Gandhi IT habitat at Dona Paula-and probably Goa’s information technology dream may not have a great future. The investors were not attracted to the seven plots at the IT habitat site which were put up for auction by the government. The government now is looking at using the prime Dona [...] Continue Reading »
