Real estate in India
Maharashtra Chamber of Housing Industry thinks commercial banks should cut interest rates so that home loans will become affordable. The cost of real estate properties were higher because of high cost of funding. The builders association also welcomed the RBI decision to scrap pre-closure of loans. It is a wise decision for a stagnating economy [...] Continue Reading »
The chairman of State Bank Of India thinks after the decision taken by the RBI, the monetary transmission will increase over the industries. Credit absorption will increase for the commercial banking’s. Auto loans, farmer credit will see a good market opportunities. Public sector companies will also roll out their investment plans to absorb lot of [...] Continue Reading »
The market price of Sobha Developers are at a new high. It is more than in years worth of market value. The stock price shows that the market reputation of the Sobha developers are at a good position. The market scenario of real estate in India is so turbulent, that the share price of any [...] Continue Reading »
It will be mandatory for a real estate mutual fund to invest at least 75 % of the scheme`s net assets in real estate companies and related securities. In that amount a minimum of 35 % was to be invested directly into real estate projects in India. The investment funds also will not be allowed [...] Continue Reading »
The higher officials of Orris Infrastructure has confirmed that they are planning to invest Rs 7 billion in the upcoming township project. Along with residential complexes, Orris planned to develop commercial and retail spaces in the project. The township is coming up on the Yamuna Expressway. In the first phase of the project 850 group [...] Continue Reading »
It is reported that Sobha developers has launched total projects of 10.45 million square feet and sold 3.28 million square feet of properties against the sales target of 3 million sq ft during the financial year 2011-12. In the financial year the builder also entered three new realty market in NCR, Chennai and Mysore. The [...] Continue Reading »
DLF has a huge debt in market over Rs 20,000 crore. To reduce the debt load DLF planned to sale their non core properties. As a result they planned to sell the 17 acre Mumbai Textile Mill property at Lower Parel. A number of well known builders like Wadhwa Group, Pune based Avinash Bhosale, Piramal [...] Continue Reading »
The Union ministry of housing & urban poverty alleviation has prepared the draft of the real estate regulatory bill. The proposal in the draft will encourage the builders to promote clarity regarding the project information. The proposed draft also ensure that builders will concentrate about timely project completion, failing which penalties will be imposed. Failing [...] Continue Reading »
Dharuhera in Haryana will get a new housing project from Raheja Developer. 640 apartments will be constructed in the housing project named ‘Oma‘. It will be one of the tallest building in the area with 40 storeys. The Raheja group is targeting the NRIs and the working individuals in the industrial areas nearby. The project [...] Continue Reading »
The national conference of Confederation of Real Estate Developers’ Associations of India (CREDAI) will start at Pune on Wednesday. More than 120 builders and developers from the country will assemble at the two days conference. According to the organizers the conference will start with a keynote address by JR Tanti, MD of Synefra Engineering and [...] Continue Reading »
