Real Estate Developers
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 »
The government is all set to bring in a package to boost real estate activity by easing lending and provisioning norms for banks. The finance ministry is set to work out a strategy to boost the sector as developers expressed their inability to cut prices to increase demand. The ministry has been in talks with [...] Continue Reading »
Faced with criticism that the Maharashtra government has been stifling the growth of real estate in the state, chief minister Prithviraj Chavan assured the Maharashtra Chamber of Housing Industry (MCHI) that its concerns would be addressed within 45 days. MCHI had raised several issues during a presentation. It claimed that these issues are hampering real [...] Continue Reading »
CREDAI, the apex body of realtors, welcomed the RBI’s decision to cut cash reserve ratio (CRR) by 0.25 per cent. However, they also felt that reduction in repo rate was needed to boost the real estate sector. The Indian real estate industry has expressed hope that a part of Rs 17,000-crore worth liquidity infused by [...] Continue Reading »
Valmark Group, established in 2007, is a Bangalore based real estate developer, who has been able to create a name for itself in the realty sector. Valmark stands for ‘valuable landmarks’ and the group boasts of highly skilled and motivated professionals who strive to achieve excellence. The group has completed many projects which include the [...] Continue Reading »
Mantri Developers is one of India’s leading real estate developers who has to their credit building world class residential properties, IT parks, shopping complexes, commercial buildings and educational institutions. Established by Mr. Sushil Mantri in 1999, the developers have delivered over 6,000 homes, built 20 projects and boast of building over 1 crore square feet [...] Continue Reading »
Real estate consulting firm Knight Frank in their latest report entitled ‘Economy & Realty @ Glance’ for August 2012, has stated that banking institutions have cut down on their lending to the Indian real estate sector. The report says that the waning interest of the banking sector towards commercial real estate lending has been reflected [...] Continue Reading »
The Competition Commission of India (CCI), is putting around 70 real estate developers in the country under scanner. The developers include big players like Unitech, Parsvnath Developers and Omaxe and several big builders in Mumbai. All these developers’ action for entering into one-sided agreements with buyers and for allegedly colluding with each other have been [...] Continue Reading »
Festive season has triggered initiatives to boost home sales. Banks and builders have come up with lucrative offers for home buyers. Several banks have cut rates on home loans by 25-50 basis points and real estate developers are offering discounts on under-construction and ready for possession properties. Bank of Baroda, Allahabad Bank, Central Bank of [...] Continue Reading »
