Developers
Realtors are expected to come up with a high number of project launches this festive season. Faced with uncertain demand, the past two years have seen limited project launches by real estate companies. However, it looks to change as this year, as developers have decided to launch slew of projects to generate momentum and cash [...] Continue Reading »
The residents of Sushant Lok-1 in Gurgaon took to the street to put pressure on the developer to set up an additional sub-station in the area. The residents have been fed up with frequent power cuts and voltage fluctuations and even after residents’ welfare association (RWA) writing several times to the developer to set up [...] Continue Reading »
As the concept of green buildings is gaining ground among developers, the Indian Green Building Council (IGBC) expects nearly 2 billion square feet of sustained building footprint to come up by 2015. At present, there are 1,745 eco-friendly building projects with over 1.21 billion sq ft of green footprint are registered with the IGBC. IGBC [...] Continue Reading »
The festive season is unlikely to bring cheer to developers as buyers are shying away from properties due to escalating and unrealistic prices. Although developers have tried various means to boost sales – such as offering freebies and discounts, home sales continue to go through a dismal phase. Analysts feel that until prices are corrected, [...] Continue Reading »
Union secretary for financial services D K Mittal has reportedly asked the Confederation of Real Estate Developers Association of India (Credai) to conduct a survey of unsold housing stock across the country. The initiative was taken at a meeting which was attended by representatives of both banking industry and developers. The step comes in the [...] Continue Reading »
Greater Bangalore Eco Assets Pvt Ltd, formerly Greater Bangalore Estates, are one of the top builders and developers in Bangalore. Established in 1996, they have had mighty experience in promoting and developing residential properties in Bangalore and the city’s periphery. The company boasts of a team of expert consultants and associates who possess technical depth, [...] Continue Reading »
Himachal Pradesh has halted plans of over 60 builders and developers to sell flats and cottages in the state. The developers whose projects are in limbo include DLF, Janta Land Promoter Ltd, Omax Construction Pvt Ltd, Optima Construction Pvt Ltd, Amar Nath Aggarwal Builders Pvt Ltd and Surya Builders. Most of these developers’ projects are [...] Continue Reading »
LIC Housing Finance, a subsidiary of Life Insurance Corporation of India (LIC), plans to disburse around 8-10 per cent of its total loan portfolio to developers by the end of this fiscal. Presently, around 6 per cent of the NBFC’s total loan portfolio constitutes of developer loan. By the end of June quarter, LIC HF’s [...] Continue Reading »
The under-construction Namma metro in Bangalore has already pushed up the property values. The end-users, developers, realtors- all have been considering the metro as an asset with the construction underway. In the areas through which metro track passes like MG Road, Trinity, Indiranagar and Byppanrahalli, residential property values have witnessed a 15-20 per cent hike [...] Continue Reading »
Developers in Maharashtra seem to be apprehensive of the regulatory measures proposed by the state and central government. As the developers already have disclosed their presentiment about the state government’s housing regulatory bill, the presentiment deepens as the centre is now set to introduce its own regulatory authority for the real estate sector. Maharashtra Chamber [...] Continue Reading »
