Realty News
Private equity (PE) India consists of investors and funds that make investments directly into private companies or conduct buyouts of public companies that has resulted in a non listing of public equity. Capital for private equity is raised from retail and institutional investors, and can be used to fund new technologies, expand working capital within [...] Continue Reading »
Housing Development and Infrastructure Ltd (HDIL) is a public listed real estate company in India with shares traded on the BSE & NSE Stock Exchanges. HDIL group has completed more than 100 million sq.ft of construction in all verticals of real estate and has rehabilitated around 30,000 families in last one decade. HDIL aims to [...] Continue Reading »
Confederation of Real Estate Developers Association of India (CREDAI) opposed the Real Estate Regulation Bill 2011 to form a regulatory body stating that it would become a “breeding ground for corruption” if implemented. The Centre proposed the regulatory body to protect home buyers from fly-by-night developers. CREDAI further questioned the formation of any regulatory body [...] Continue Reading »
Real estate analysts maintain that the prices have started softening in Delhi as well as peripheral urban areas like Chandigarh, Mohali and Panchkula. But developers refuse to believe that the prices would come down in the periphery as the prices are “rational” in the peripheries. Amit Jain from Premium Acres said, “Prices have started coming [...] Continue Reading »
The real estate sector in Pune is beginning to show serious signs of strain under the combined weight of increasing cost of construction, astronomical mortgage rates and a generally uncertain economic climate. Inflation has also contributed to a decrease in affordability of residential properties. In 2011, prices had increased by between 4-5 % in many [...] Continue Reading »
The critical issue for realtors over the next 12 months would be to ensure their debt load doesn’t enlarge, especially since fund availability is constrained and many loans are coming up for repayment in this fiscal. In the context, a good traction in sales becomes another crucial imperative. Developers are finding it tough to generate [...] Continue Reading »
Mumbai has 104 million sq ft of unsold real estate. The slowdown in real estate sales in Mumbai may have intensified due to higher interest rates, which could pressure developers to bring down prices. This may not be a worrisome trend as sales are low during monsoon. Pressure will start building up only when the [...] Continue Reading »
Noida Extension Flat Buyers Welfare Association (NEFBWA) invited customers of the entire Noida and Greater Noida to join its protest. Nearly 30,000 affected flat owners and other affected parties like builders, brokers, bankers, architects, contractors, suppliers of construction materials and employees in these segments have shown willingness to join NEFBWA. In two separate orders, the [...] Continue Reading »
While homebuyers have suddenly become wary of investing in the Noida Extension-Greater Noida belt, house prices in Ghaziabad are on an upswing, with middle-income buyers looking upon the area as a ‘safe bet’. Builders say both enquiries and bookings for flats have increased since the land acquisition controversy erupted in Noida Extension. Older and more [...] Continue Reading »
Rentals in Bangalore is booming. The reason is rise in demand for rental properties. Prices of homes in the city have shot up over the last six months, making it difficult for most to own and maintain a house. The property consultants believe people will now prefer to stay on rent rather than purchase an [...] Continue Reading »
