Realty News
Industrialist Prakash Hinduja commented on the process of India’s economic recovery saying that infrastructure is the key element and efforts must be taken by the government to fast track the various projects in this sector. This will send positive signals to investors for more projects in the future. India’s lumbering economy requires a much needed [...] Continue Reading »
The upcoming Metro Rail Project of Ahmedabad whose first phase has received approval is expected to cause a major boost in the real estate market of the city. The First phase shall be covering two corridors of North-South and East-West. Any property buyer makes his or her purchase based on several factors, some of which [...] Continue Reading »
The Delhi based real estate company Unitech Limited has been reported a total loss of Rs. 14.69 crore in the second quarter of the current financial year. For the last year’s corresponding quarter, the company has posted a total profit of Rs. 25.57 crore. Despite this, the Managing Director of Unitech, Mr.Sanjay Chandra said [...] Continue Reading »
The 5000 crore Delhi based Vatika Business Centre owned by Vatika Group has announced its plans for opening 30 business centres across the country by the year 2019. The Vatika Group is a 5000 crore New Delhi based business Vatika Business Centre recently opened its 12thbusiness centre in the country, and second Hyderabad on Wednesday [...] Continue Reading »
Indian realtors are adopting innovative marketing strategies to reduce their piling on inventory. The Indian real estate market is experiencing a slowdown currently and the inventory of many realtors has piled on. It is important to clear unsold inventory as existing customers must be retained as realty investors tend to exit projects which do not [...] Continue Reading »
Chief Minister K Chandrasekhar Rao of newly formed state, Telangana has announced to add skyscrapers to the skyline of Hyderabad in the area of historic Husaain Sagar. He believes that this will help in improving the overall appeal and image of the city. A review meeting was held by Telangana Chief Minister K Chandrasekhar Rao [...] Continue Reading »
A profit of 24.82 per cent has been recorded by the Prestige Estates Projects Limited reporting Rs. 96.89 crore for the second fourth half of the financial year. The South India based Prestige Estate reported a net profit of 24.82 per cent this year, and a net income of Rs.540.33 this year. The Q2 profit [...] Continue Reading »
Sobha Ltd. has posted a consolidated profit of 5.12% for the second quarter of 2014 through newer sales and greater realization of per square feet. During the financial year 2014-15, the net profit of the Bengaluru based Shobha Ltd stood at Rs 59.5 crores which was Rs 56.6 crores in the previous year’s same period. [...] Continue Reading »
The new FDI incorporated rules are setting high hopes for the Indian real estate. Even though the Indian real estate had a lack lustre festive season, realtors have high hopes. With the festive season having recently ended, the real estate developers suffered a massive blow to their campaigns and in spite of having [...] Continue Reading »
Ever since the lofty debacle of gold in 2013, it has barely revived. Last year, gold lost about 28.3 per cent in terms of dollars while 18.7 per cent in terms of rupee. At the beginning of 2014, gold further made a loss of 3.8 per cent in rupees and 3.6 per cent in dollars. [...] Continue Reading »
