Indian real estate
Real estate and home finance executives have stated that Pune and New Delhi have overtaken Mumbai with steady home loan demand. India’s financial capital does not offer a rosy picture for the real estate sector as there are not many new projects that sell in big numbers. In the recent past, most sales have been [...] Continue Reading »
DLF, India’s biggest property developer, is closer to meeting its debt reduction target after it agreed to sell its plot of land in Mumbai for Rs 27 billion ($488 million) to Lodha Developers. The Delhi-based developer said it had received an advance payment of Rs 5 billion for the plot from Lodha and would receive [...] Continue Reading »
DLF has signed a binding agreement with Mumbai-based Lodha Developers and the Rs 2,700 crore deal is expected to be completed by the end of October 2012. To finance the acquisition, Lodha has initiated talks with private equity players. Abhishek Lodha, managing director, Lodha Group, stated that the Group plans to fund the purchase of [...] Continue Reading »
Bangalore real estate is presenting a different picture than most of the other cities in India. An example at hand, Bangalore-based realty firm Prestige Estates Projects Ltd, has robust home sales and office space leasing looking to surpass its own forecast for fiscal 2012. It also has a strong pipeline of launches. This is at [...] Continue Reading »
Mumbai has fallen in the mortgage market rankings as record real estate prices keep customers away, say realty and home finance executives. Pune and New Delhi have overtaken India’s financial capital with steady demand, while Mumbai has fallen to third or fourth position for housing finance. Mumbai used to be number one in the real estate market, but not many new projects [...] Continue Reading »
The Yamuna Expressway may turn out to be a magnet for real estate growth in the region. The signal-free 165km expressway will reduce the distance between Agra and Delhi to around 211km, reducing the travel time between the Capital and the tourist hot spot to 150 minutes, and only 90 minutes from Greater Noida. The [...] Continue Reading »
The country’s largest real estate developers, DLF has sold its 17.5-acre plot at Lower Parel in Mumbai to Lodha Developers for Rs 2,750 crore, making a profit of over Rs 2,000 crore over seven years. In June 2005, DLF had bought the land in Mumbai in an auction from National Textile Corporation for Rs 702.2 crore. [...] Continue Reading »
Although inventory stock is pressing the prices to go down across the country, Tata Housing has increased prices of its residential spaces by 26 per cent in five months. Tata Housing Development Co Ltd and Arvind Real Estate jointly launched first phase of their township in March, 2012 where they sold 1,090 units at saleable [...] Continue Reading »
Experts have said that real estate investment are expected to go up significantly in Punjab in the days to come due to the state’s political stability and the rupee-dollar volatility. A recent study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) titled Growth Agenda for Punjab noted that Punjab had 49.7 percent [...] Continue Reading »
Wave Infratech, the real estate arm of Ponty Chadha’s Wave Group, has announced that Noida Authority has approved the master plan for its ambitious Rs 10,000 crore integrated township ‘Wave City Centre‘ at Noida. The integrated mixed-use project would be developed on the land the company had won last year through an auction for about [...] Continue Reading »
