Capital
The cost of land has soared in the last few years and this has totally altered the economics of the greenfield projects in India. Till the early 2000s, land was available in many parts of the country at Rs 50,000 or less an acre. Today, that base figure is probably Rs 5 lakh. Even the tier [...] Continue Reading »
The recent development plan for the state capital of Gujarat was proposed by the Gandhinagar Urban Development Authority (Guda). It talks about special policies to attract builders for more housing in the city. Discounts in jantri rates; special areas earmarked for housing projects for lower income, middle, and higher income groups will be taken up [...] Continue Reading »
“We have seen interests from both global as well as domestic investor that is why there is a huge potential for investment in the infrastructure projects. Although we have seen a downfall recently but the market will be in pace in the coming months, “said by IL&FS Financial Services Managing Director and Chief Executive Officer [...] Continue Reading »
New Delhi: The distressed Air India has decided to generate capital from the realty market by selling, redeveloping and leasing its assets. It has also mandated Delhi’s real estate consultant DTZ International Property Advisors Private Limited for its plan. Selling and leasing the firm’s real estate assets will fetch the company the costs to meet the [...] Continue Reading »
Shriram Properties, a Bangalore-based realty player, is in talks with private equity (PE) firms to expand its land bank. The firm has planned to raise funds of Rs 700-800 crore through private equity. It is in talks with several PE firms including JP Morgan, Morgan Stanley and few other mid-sized PE firms. Shriram Properties has [...] Continue Reading »
Today foreign direct investments (FDI) has increased the value of land which is resulting in the properties being un-affordable. In a city like Mumbai, if at all there is real estate talks happening, its all about price correction in the properties. Despite poor sales and falling property registration numbers, there is no idea as to [...] Continue Reading »
Life Insurance Corporation of India (LIC), is all set to foray into the real estate market in India. The move is set to tap into the possibilities and opportunities in the growing impetus of the real estate sector. For this the LIC Housing Finance Ltd (LICHF), a the subsidiary of LIC has announced that it [...] Continue Reading »
At the meeting of Delhi CM Sheila Dikshit and the deputy chairman of planning commission for finalization of the city’s annual plan, city authorities informed the Planning Commission that RWAs and group housing societies will be entrusted with the task of collecting property tax in their localities. Authorities are hoping to improve the collection of [...] Continue Reading »
