Realty News
India’s economic slowdown is reflected in the realty sector in the last few months. Asia’s third-largest economy is growing at its slowest pace in nine years and slow consumer expenditure has hit the retail market and the mushrooming malls. Real estate prices and construction costs are rising but the retail business is not growing enough [...] Continue Reading »
With real estate prices skyrocketing in metros, some particular areas in the metros are witnessing more hike than the others. According to a study on realty prices in the metros over the last three years, the North Bangalore corridor, especially the areas around Hebbal, seems to be developing into a very high demand realty zone. [...] Continue Reading »
The real estate scenario in Mumbai remains grim with fewer buyers showing interest in purchasing property, the number of unsold units in the Mumbai metropolitan region has shot up. As per records, unsold units touched 121.97 million sq ft by June 2012. Of the total unsold stock, about 25% is located in the western suburbs [...] Continue Reading »
As the development authorities of Noida, Greater Noida and Yamuna Expressway have raised land rates the realtors remain apprehensive about the impact due to the increase. RK Arora, CMD, Supertech, stated that increased land costs would impact the group housing sector and the burden would have to be borne by the investors. Many developers feels [...] Continue Reading »
As real estate sector in India faces a dip, domestic lenders with major retail loan are keeping an intense look at the situation. While the hub of realty sector, Mumbai, is going through a slump, the lenders are concentrating on the new emerging markets – Pune, Bhopal, Indore, Surat, Nagpur and Ahmedabad. LIC Housing Finance, [...] Continue Reading »
Brigade group has started a mega integrated real estate project located at Devanahalli. It is named as Brigade Orchards and will comprise of luxury villas, value homes and premium apartments. The developer says the project will be completed in a span of five years involving Rs 2,000-crore investments, which will include 3,500 residential units [...] Continue Reading »
True Value Homes (TVH), a Chennai-based property developer, has recently launched a high-end luxury apartment project named Quadrant. The project is located in Adyar, one of the most sought-after residential localities in south Chennai. Spread over about 2.2 acres, the project will offer 100 residential units in a 18-storied building with high-end provisions with a [...] Continue Reading »
Delhi High Court today asked the Centre and the Delhi Development Authority (DDA) to resolve the dispute of alleged extra flats built in the Commonwealth Games village. Due to unresolved issues between the builder and DDA, buyers have not been able to move into the flats. The flats were built by real estate major Emaar [...] Continue Reading »
DLF Ltd has been in the process of selling a number of its non-core assets to reduce its debt. In the recent endeavor it has got approval from its shareholders to sell its wind power business. According to sources, of all the shareholders, 99.98 per cent were in favour of the resolution to sell off [...] Continue Reading »
Analysts have expressed their fear that DLF and Indiabulls Real may see further downside. Sudarshan Sukhani, a trade analyst, states that further breakdown is possible in case of both real estate majors. As told to CNBC-TV18, Sukhani suggested that both the companies are on the verge of possible downfall depending on where the Nifty stops. [...] Continue Reading »
