Housing projects
With interest rates soaring by the day, the festive season is witnessing lesser demand for houses than expected. While interest rates on loans is undoubtedly the foremost culprit, high cost of raw materials and gloomy consumer sentiment are playing their part. However, according to a report by Knight Frank and Ficci, the market should pick [...] Continue Reading »
A new committee formed by the Urban Local Bodies department will now sanction building plans for plots. The committee includes the chief town planner, senior town planner and MCG chief engineer among others. However, according to a senior official from the chief town planner’s office, getting building plans passed through this committee is going to [...] Continue Reading »
Hundreds of group housing projects in Ghaziabad have been unable to get an apartment owners’ association (AOA) registered because of the alleged discriminatory attitude that has been reported by many citizens of the Ghaziabad Development Authority (GDA). Many flat owners demand that the authority issue provisional completion certificates for housing projects that do not have [...] Continue Reading »
’Acche Din Aane wale hain’’ was the tagline of BJP’s election campaigns and it included a lot of promises for creating facilities for the poor. Housing for all too was the most prominent mantra and Union Urban Development, Housing & Urban Poverty Alleviation Minister M. Venkaiah Naidu believes that it is possible only if the [...] Continue Reading »
In the coming months, a number of new housing projects will be offered across the country by the National Buildings Construction Corporation (NBCC). In addition, the company will also working on plans to redevelop three government colonies in New Delhi as “green complexes.” About the new projects to be offered by NBCC across India, the company’s CMD [...] Continue Reading »
LIC Housing Finance’s first real estate fund invests in four residential projects in Bangalore, Pune
As per the report, LIC Housing Finance Ltd which is a part of life insurance giant Life Insurance Corporation of India (LIC), has invested Rs 50-70 crore in each transaction from its Rs 530 crore real estate investment fund that it raised in March last year. The fund, named as ‘LICHFL Urban Development Fund’, has [...] Continue Reading »
The strategy of City-based developers to market large-scale housing projects is seemed to be working. A theme-based project Purva Palm Beach in Hennur is launched by Puravankara Projects through an IPO-like book building mechanism. To sell its inventory of over 1,400 apartments in the Republic of Whitefield project, an Air Asia-like seat pricing method is [...] Continue Reading »
Famed Realty firm, Ambience Group will invest about Rs 1,800 crore to develop an integrated township and two housing projects over the next four years. The Delhi based group plans to launch two housing projects in Noida and Gurgaon, comprising a total of 1,100 housing units and a 350-acre township at Panipat. The 150-acre project in Gurgaon, named as [...] Continue Reading »
Mantri Realty is all set to invest Rs 1,500 crore on six housing projects within the next few months. The realtor is planning to develop around a total of 2,300 flats in Mumbai, Pune, Bangalore, Gwalior and Solapur in the next three years. The demand for a project will be good if provided with good [...] Continue Reading »
Many leading developers are joining the league where sales volume has pushed down, some with marginal increase in net profit, some with no money and no buyers while some with declining profits. Oberoi realty, Mumbai based real estate company, reported a net profit of Rs 145.2 crore in last quarter of the 2012-13 fiscal against [...] Continue Reading »
