Real estate projects
Value & Budget Housing Corporation is now thinking of adopting a policy of developing properties of smaller heights that do not require ministry of environment’s nod. This strategy was finalised as they were facing various delays in the housing sector to get proper approvals. Currently, it takes around 12-18 months to get clearance from the [...] Continue Reading »
Shimla- The prices of properties in Himachal Pradesh have fell by up to 30 percent in the past year, said real estate experts. A 2 BHK flat in Shimla, Kasauli and Solan towns is now available at approximately Rs 25 lakh, a 3 BHK is available for Rs 35 lakh to Rs 45 lakh and [...] Continue Reading »
TDI Infrastructure is developing a group housing project in Delhi NCR which is being funded by Kotak Realty Fund. This is the first investment by the private equity firm in a project by TDI. The housing project is spread across 29 acres area. It is a part of a larger 1,200 acre township in Kundli. [...] Continue Reading »
Omaxe, a realty firm, has witnessed a rise of a 34% in their sales booking at Rs. 1574 crore in the initial nine months of the this financial year with higher quantity and improvised realisation. According to an analyst, Omaxe has reached sales bookings of Rs. 1574 crore during April-December of 2012-13 financial year compared [...] Continue Reading »
Mumbai- With rising demand and sales of real estate projects, the trend of project pre-launches has been re-entering the prime real estate markets of India like Mumbai, Delhi-NCR and Bangalore. The Maharashtra government has made the way simpler for developers to get regulatory clearances for real estate projects. Following this, the real estate in Mumbai [...] Continue Reading »
New Delhi- Real estate of India hopes to get infrastructure status for affordable housing sector in the upcoming Union Budget 2013-2014. From the past three years the real estate sector has been longing for industry status. The recent tax benefit on home loans provided by the Finance ministry has boosted the industry’s hope. The Budgets [...] Continue Reading »
Bangalore- A two-day property expo is being held by the Times of India Group on February 16th and 17th at The Lalit Ashok in Kumara Krupa Road, Bangalore. The property exhibition, ‘Grihapravesh – 2013′ is expected to end the house-hunt of many buyers. Renowned developers including Sobha Developers Ltd, Artha, RMZ Homes (RMZ CORP), Sattva [...] Continue Reading »
New Delhi – Bangalore-based leading realtor, Sobha Developers has sold properties worth Rs 1,540 crore during the first nine months of this fiscal. Compared to the previous fiscal, the developer has achieved 24 percent hike in its sales value. The net debt of the developer stood at Rs 1,320.8 crore as on December 31, 2012, [...] Continue Reading »
Delhi-NCR: Owing to abrupt increase in brick rates, pricing of houses are likely to increase. It is time for those who are planning to buy their dream homes to rethink on the decision. The price of thousand bricks has increased to Rs 6,200 from Rs 3,600, which is double the previous rate. The rise in [...] Continue Reading »
According to sources, AIG Global Real Estate, a New York-based private equity fund has bought Bangalore-based developer RMZ Corp’s 50% stake in their stalled joint venture mall project in Hyderabad. RMZ has exited its Rs 53-crore investment in the mall-cum-office project, according to sources. AIG is planning to construct a residential property on the 11 [...] Continue Reading »
