new projects
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 »
Job market slump and poor increments seem to have hit the residential real estate of Chennai. According to international realty firm Jones Lang LaSalle (JLL), suburban Chennai’s residential apartment market is taking the hit with premium and luxury segment are the worst hit. Still, many developers feel that Chennai realty is better off than some [...] Continue Reading »
As a responsive measure to the depletion of groundwater at a great speed, the apex body for real estate Confederation of Real Estate Developers’ Associations of India (CREDAI) has decided to adopt rain water harvesting as corporate social responsibility (CSR) this year. The announcement comes two days following the Punjab and Haryana High Court directed [...] Continue Reading »
The real estate sector in Thiruvananthapuram is mainly focusing on the city centric areas as the relators believe that people prefer to stay in than city outskirts. Builders are redesigning the apartments by reducing floor ratio in order to make them affordable for middle-income group of buyers. According to Artech CEO, T S Asok, the [...] Continue Reading »
Shriram Properties, a Bangalore-based realty player, is in talks with private equity (PE) firms to expand its land bank. The firm has planned to raise funds of Rs 700-800 crore through private equity. It is in talks with several PE firms including JP Morgan, Morgan Stanley and few other mid-sized PE firms. Shriram Properties has [...] Continue Reading »
Raising capitals for investing in new projects is the major concern to real estate builders. Following conventional methods of fund raising is no more a good idea. Therefore fund managers have started looking for and implementing better ways of fund-raising techniques which would offer flexible terms to investors and a choice of projects to invest [...] Continue Reading »
Considering the cost of the properties in India it seems that the demand for the properties in India is increasing. But the scenario is opposite to what it looks like. The costs of properties are raising and the demand has fallen in all major cities in India. The main reasons of falling demand of properties [...] Continue Reading »
Bangalore based real estate developer Sobha Developer has set a target of Rs 2000 crore from selling of real estate projects in India. According to a higher official of Sobha developer, the growth momentum in terms of launching and booking of new projects will continue in the same pace. In last financial year of 2011-12, [...] Continue Reading »
The Nashik Municipal Corporation has put on hold to the approval process for all the housing plans. Due to this hold construction of more than 100 residential projects in Nashik have not started yet. The town planning department is waiting for the detailed guideline on 20% reservation in housing projects for weaker sections. The construction [...] Continue Reading »
The entire real estate market is facing a tough time for selling the high valued luxurious apartments. In this scenario the demands for low priced affordable apartments in Ahmedabad remains high. The builders in Ahmedabad have decided to construct more than 15000 affordable residential apartments in various location of the city. According to the builders, [...] Continue Reading »
