Developer
It has been seen that buyers are tempted to buy a house at a price 20-30 percent lower than the market price that is why buyers book houses projects that are sold even before all clearances are in place. There are cases where builders accept bookings, when given profligate delay in getting these, before they [...] Continue Reading »
Jaipur - Before the Jaipur Development Authority (JDA) announced the hike in Reserve Price, the land rates in Jaipur have increased. Previously, the Reserve Price was hiked in 2009. The booming real estate sector in the city has been the major factor for the increase in land prices. Although the increase in land price is good for [...] Continue Reading »
A builder was asked to pay compensation of Rs 2 lakh to a couple by the Maharashtra State Consumer Commission for cancelling a booking of a flat. The builder cancelled the booking when the Thane based couple denied to pay Rs 1,000 per square feet which is more than the booking rate. The couple booked a 1,200 sq [...] Continue Reading »
Bangalore- Nitesh Estates Ltd is planning to raise Rs.400 crore from private equity (PE) firms, for developing residential projects. Nitesh Housing Developers, which is a subsidiary of the company will be raising the big fund. The developer has been planning to launch five new projects of which, two will be luxury residential projects while the [...] Continue Reading »
New Delhi- Real estate builder DB Realty said that its subsidiary DB Hospitality is trying to sell stake in proposed hotel project in Delhi International airport and discussions are still going on. In the processing towards the BSE, DB Real estate claimed that DB Hospitality Pvt Ltd (DBHPL) is usually possessing stake in order to [...] Continue Reading »
There has been a significant demand in the high-end housing apartments and villas in Hyderabad since 1.5 years after the rigorous downfall in the year 2009-10. According to the industry sources, the price elasticity is quite affordable for the high-end units and that the investors are seldom worried about aspects like hike in the lending [...] Continue Reading »
Real estate developer Casa Grande aims to become a 1,000-crore company by 2016 by developing several properties across the region, according to company officials. The Chennai based developer has reported revenues of Rs 130.09 crore last year and is trying to raise the revenue by Rs 240 crore this financial year. The firm’s Managing Director, [...] Continue Reading »
In order to transfer ownership to a new buyer, a home buyer in Maharashtra had to do before selling a newly-purchased flat was to obtain a no objection certificate (NOC) from the developer. This process gave an opportunity to the developers to extract a large sum as ‘ transfer fee’ from the clueless buyer lieu of a no objection [...] Continue Reading »
Aakruthi Developers are a distinguished developer who has been known for providing inspiring home spaces in exceptional settings. Whether it be a standard, semi-deluxe or deluxe apartment, Aakruthi develops the living space with utmost care and skill. Along with building a satisfied customer base in Hyderabad and Bangalore, now the real estate firm has entered [...] Continue Reading »
Sobha Developers Ltd posted a 73 per cent rise in net profit to Rs.45 crore for the June quarter. It sold 25 per cent more space at sharply higher prices in its key market Bangalore. Revenue rose 57 per cent over a year ago to Rs.433.2 crore. The realty firm sold 835,600 sq ft. of [...] Continue Reading »
