Real Estate Sector
With a little over one lakh residential flats lying unsold in Mumbai, an inventory, according to experts, which will take more than three years to clear as not much of it is available for immediate possession, the Mumbai real estate horizon looks grim. According to data from property research firm Knight Frank, sale of Mumbai [...] Continue Reading »
The depreciating rupee may be a concern for the economy, but it has become a disguised boon for builders in Mangalore. In the past three weeks 16 new projects totalling a minimum of thousand apartments have been launched indicating robust demand and stepped up activity in the construction sector in Mangalore. Mangalore chapter of the [...] Continue Reading »
Real estate and home finance executives have stated that Pune and New Delhi have overtaken Mumbai with steady home loan demand. India’s financial capital does not offer a rosy picture for the real estate sector as there are not many new projects that sell in big numbers. In the recent past, most sales have been [...] Continue Reading »
DLF, India’s biggest property developer, is closer to meeting its debt reduction target after it agreed to sell its plot of land in Mumbai for Rs 27 billion ($488 million) to Lodha Developers. The Delhi-based developer said it had received an advance payment of Rs 5 billion for the plot from Lodha and would receive [...] Continue Reading »
State Bank of India (SBI) has offered an all-time low interest rate to its customers interested in investing in the sector. SBI offers a low interest rate of 10.25 per cent for housing loans up to 30 lakhs and 10.4 per cent for amount above 30 lakhs, said Avinash Kumar, SBI chief manager. A three [...] Continue Reading »
The Yamuna Expressway may turn out to be a magnet for real estate growth in the region. The signal-free 165km expressway will reduce the distance between Agra and Delhi to around 211km, reducing the travel time between the Capital and the tourist hot spot to 150 minutes, and only 90 minutes from Greater Noida. The [...] Continue Reading »
Real estate firm DLF has announced that it plans to launch new residential projects at Ludhiana, Jalandhar, Panipat and Kasauli. These projects are dubbed as part of company’s strategy to strengthen its presence outside Gurgaon. The company has not finalized the business plans entailing the investment detail in these projects. As per the company management, [...] Continue Reading »
Gurgaon, Ghaziabad, Noida and Greater Noida have developed beyond any comparison in the last few years. Realtors have expressed that the construction have been extra ordinary in Noida, which happened to have lots of barren agricultural land till few years back. Being a low lying area, Noida was never a suitable place for farming and [...] Continue Reading »
The slowdown in the Indian realty sector has been reflected in the books of DLF, the largest player in the segment. The net profit of DLF, India’s largest real estate company, fell 18 per cent to Rs 292 crore for the quarter ended June. The dip is quite huge compared to Rs 358 crore for [...] Continue Reading »
Chennai-based real estate firm, Casa Grande has launched a luxury project in Chennai. The project comprises of its signature villas –Casa Grande Auburn in Perungudi. The project is located behind Prince Infocity in perungudi and covers 25 signature villas with lifestyle amenities like Club house, Swimming pool, Party hall and gym. It is available on [...] Continue Reading »
