Realty News
There is a trend with the realtors which is visible for the last couple of years. Real Estate sharks like DLF and HDIL are trying to sell off their assets and pay off their debts, increase liquidity and pay less interest on debts. Bangalore-based Puravankara Projects also wants to reduce the debt burden, but by [...] Continue Reading »
Spending in Corporate Social Responsibilities (CSR) has been a new trend by the MNCs in the last few years. They want to give back to the society from where they are making whopping profits. According to the consultancy firm Ernst & Young (E & Y), the provisions of the recently amended Companies Act make it [...] Continue Reading »
Kinfra Techno-Industrial Park at Kakkanchery: Khozikode, Kerala observed World Environment Day by organising a shutdown of their industrial units. On Thursday 27 food processing firms and 26 IT companies staged a shutdown in protest against the setting up of the Rs 200-crore gold processing factory in the park, right next to the country’s first food [...] Continue Reading »
CRISIL is a global analytical company which provides ratings, research and risk and policy advisory services. Rajkot’s real estate sector is witnessing a new trend with CRISIL entering the market and rating real time projects. They have rated one project in Rajkot with 5 stars. CRISIL has been rating projects all across India in metros [...] Continue Reading »
The sentiment in the real estate market for Telangana which was officially formed on June 2 is at an all-time high. The land prices have gone up and even though the number of transactions have come down, the prices have not. According to Veera Babu, office head of Cushman and Wakefield (a privately held prime [...] Continue Reading »
The NaMo government is determined to change the infrastructure landscape for the country. Within the next 6 months 11 projects worth more than Rs 18,000 crore will kick start this change. Transport minister Nitin Gadkari has asked for a priority list of projects from the road ministry which can be processed promptly. An official also [...] Continue Reading »
As per the reports of the Leading real estate portal , the average housing prices remained stable in the national capital region (NCR) during January- March period compared with the previous quarter. This report has done a thorough analysis of the buying and rental price trends in the residential real estate sector across 7 major cities of [...] Continue Reading »
A 9.99% stake was acquired by the Piramal Enterprises in Shriram City Union Finance. During one of the statements to stock exchange, Piramal based in Mumbai has mentioned that it bought a whole lot of shares of Shriram city with a considerable sum allotted for each piece. There was also a marginal discount made by [...] Continue Reading »
Even though the market sentiment and the stock market has improved after the formation of the new Modi led government and the manufacturing and service sector is hopeful about the rising GDP, the private equity (PE) firms are still playing safe. They are cautious about the return on investment expectations and exit from old investments [...] Continue Reading »
There seems to be some good news for the real estate sector in the upcoming budget. Real estate investment trusts (Reits), are expected to get an approval in the upcoming Budget. This will open up a new source of funding for developers battling declining sales and high cost of funds. Maadhav Poddar, the associate director, [...] Continue Reading »
