Real estate projects in India
The real estate projects are facing shortage of both skilled and unskilled labour resulting in delay of launch of projects by up to one year. Moreover, it is involving additional cost from cash strapped property developers. Ideally, a real estate project have to get 50-60 clearances from various authorities. Thus, the project can take as [...] Continue Reading »
New Delhi- Many real estate developers across India have witnessed upward slope of their profit line in the quarter of October-December 2012. There is a significant rise in property sales and customer enquiries for real estate projects in India which has resulted in increasing profits of developers. Real estate analysts observe that the sluggishness of [...] Continue Reading »
It is known that thereal estate projects in India are being held up in several metro cities. There are several reasons behind this delay on project completion. It is noticed that projects approvals are very slow in several states. The primary and major reason in project delay is delay in getting regulatory approvals. Investor activity [...] Continue Reading »
The engineering and construction conglomerate Larsen & Toubro may merge its property development and real estate units as part of a business realignment strategy. According to L&T official, the L&T Urban Infrastructure will now be merged with L&T Realty, which in turn will manage the real estate business for the company. L&T Realty is strengthening [...] Continue Reading »
Princess Tower in Dubai has been recognized by Guinness World Records as the world’s tallest residential building. It is 107 storey tall luxurious residential complexes in Dubai. Measuring 414 meters from base to tip, the tower comprises six basement floors, a ground floor and 100 above-ground residential levels. The tower is constructed over an area [...] Continue Reading »
The US private equity firm Blackstone has planned to invest in different real estate projects in India. As an initiative the private equity firm wants to buy the two special economic zones in Gurgaon and Noida and an IT park in Kolkata in a deal worth over Rs 3,000 crore from Unitech. Unitech has been [...] Continue Reading »
After the UP government cancelled the Greenfield airport project at Jewar in Greater Noida, the property prices around Noida and Greater Noida slumped by 25 to 30 per cent. The Yamuna Expressway‘s returns were linked to a large part on the development of the airport at Jewar and the consequent traffic generated on this highway. [...] Continue Reading »
Water scarcity is going to be a challenge for the residents as well as for different civic authorities in India. To overcome the crisis, experts from the industry sector and real estate urged that industries and builders need to implement rainwater harvesting in projects in India. According to the experts, government must provide assistance in [...] Continue Reading »
The government of India has planned to set up committee to evolve a workable strategy for reducing the time taken in approval of real estate projects in India. According to builders association, faster approval process can reduce the cost of any project between the range of 20 to 40 percent. The minister of housing and [...] 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 »
