HDIL
On Sunday morning, Sector 33 in Gurgaon witnessed a unique situation. About 150 people who have bought apartments in Unitech Residences project at Sector 33 in Gurgaon turned up at the site with shovels, chisels and other masonry tools, to construct their unfinished apartment towers themselves. Vikram Bishnoi the president of the Unitech Residences Apartments [...] Continue Reading »
There is a new trend which is visible in the market. The realty sector is grappling with the economic slowdown and reeling under the pressure of debts. To reduce the debt burden, many realty players are selling off their debts and using that fund to partially pay off their debts. Following the same path, realty [...] Continue Reading »
The corporate earnings for the January-March 2014 quarter offered notable positive surprises; with a Bloomberg compilation revealed that a positive earnings surprise of 16 percent – as against consensus estimates – was posted collectively by a sample of 169 listed companies. According to Bloomberg, the list of companies collectively posting the positive earnings surprise for [...] Continue Reading »
The realty firm Housing Development and Infrastructure Ltd (HDIL) has announced that they will sell their stakes in the 100 acre land parcel which they own in Kukatpally in Hyderabad and some of their commercial projects in Mumbai in FY 15. The reasons stated behind the decision are as follows- Post the elections the market [...] Continue Reading »
While the benchmark Sensex — which has hit several all-time highs — has risen just 3.6 per cent, in the past month, the BSE realty index rose around 12 per cent. In the last one month, the realty stocks have been rising on the hope of revival of the economy. HDIL rose around 53 per [...] Continue Reading »
Housing Development & Infrastructure Ltd has been asked by the High Court to consider handing over possession of ready flats at its Premier Residency project at Kurla in Mumbai. The Bombay high Court suggested that the lawyers representing the developer and home buyers should try for an out of-court settlement. Aejaz Saiyed, who has bought [...] Continue Reading »
The Mumbai high court sought response to social activist Vikrant Karnik’s letter alleging illegalities in sale of flats. The bench comprising of bench of Justices S J Vazifdar and B P Colabawala issued notices to the state chief secretary, leading developers, Income-Tax and municipal commissioners of Thane and Mumbai. In early 2013, the court had, [...] Continue Reading »
Locations like Vasai, Dombivali, Virar are witnessing a slow increase in demand as the demand for affordable housing is shifting to nearby areas like Palghar, Thane. In Palghar, the price of the residential properties ranges from Rs 2,000 to Rs 3,500 per sq ft whereas in Varar, Dombivali and Vasai the price ranges from Rs [...] Continue Reading »
While exorbitant property price continues to slowdown Mumbai‘s real estate market, the suburbs are providing investment opportunities for buyers. Skyrocketing real estate prices and global economic conditions have badly hit Mumbai’s real estate sector and sales have fallen by nearly 70 per cent. Sales of top 5 real estate players in Mumbai have seen a [...] Continue Reading »
Indian realty market witnessed nosedive in the April-June quarter of 2012. Sales volume and absorption rates were low in the residential sector. High inventory and slow execution of projects, were the major concerns. The commercial real estate market experienced low office space absorption and a slight drop in rentals in the metros. Experts feel that [...] Continue Reading »
