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Real estate is not recognized as an industry, though it is second highest in generating employment through the country. It is also reported hat 5% of the GDP of the country is coming out from this sector. Though it is true that this sector promotes different other industries, real estate is still not considered as [...] Continue Reading »
As the dates of the Union Budget is approaching closer, the thoughts among the realty builders and associations are concentrating on the upcoming announcements in the budget. The Confederation of Real Estate Developers Association of India (CREDAI) is looking forward for the government to announce reduction on interest rates of housing loans. The interest rates [...] Continue Reading »
Walton Street Capital, a US based private equity fund planned to raise its fund for real estate in India. In 2007 the Walton Street invested in Kolkata based project of Shriram Properties. But the project has failed to take off even after five years of investment. During last year the investment was swapped by the [...] Continue Reading »
The two wheelers, auto rickshaws and light vehicles passing through Pullepady and Pachalam routes in Kochi will have to avoid this route. Reason being that the North rail overbridge (RoB) will remain closed for few days due to some construction work. The heavy vehicles coming from Edappally will have to take diversion to through Kadavanthra [...] Continue Reading »
The commuters in Bangalore city are fed up with the misleading roads. Similar is the case at road leading to Richmond Flyover and Double Road. During peak hours of traffic, commuters are confused with lack of sign boards. Without the sign boards commuters are facing difficulty to cut through lanes to go to the right [...] Continue Reading »
The real estate market is looking at the coming Budget 2012. the industry is expecting some sensible announcement in the budget, that will increase the affordability of apartments among the buyers. The industry is in trouble due to high lending rates and increasing cost of construction material. These incremental prices altogether increase the cost of [...] Continue Reading »
It is reported as a tough time for the real estate industry in terms of fund rising. The entire cash inflow is struggling for the realty industry in India. Previously the high networth individuals (HNI) were a good source of funds as realty industry were in favorite list for them. However the crash of the [...] Continue Reading »
Tata group’s Real estate wing Tata Housing Development Corporation (THDC) launched the retail brand GoodLife. They launched the brand as a part of their upcoming township project at Bosisar In Thane District. According to a higher official of THDC the retail chain will enhance the livelihood of the upcoming townships. GoodLife will not only be [...] Continue Reading »
Wave Infratech, the realty wing of Wave group, planned to invest Rs. 4000 crore in a township project in Noida. For the first phase of the township project 152 acre area are identified in Noida. They will launch the Wave city centre, which will be a city within a city. And the Wave city will [...] Continue Reading »
Private equity firms are planning to deal with the real state builders for a fixed rate of return. They are looking for a deal where they will get first and assured shares in the return for against the investment. Private equity firms are planning to opt the fixed rate loan structure of the banks. In [...] Continue Reading »
