Realtors
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 realtors welcome the move by Reserve Bank of India (RBI) to cut the Statutory Liquidity Ratio (SLR) by one percentage point from 24 per cent to 23 per cent. The real estate sector, which is struggling due to the combined effects of diving demand, huge debt and piling inventory, is hopeful of positive effect [...] Continue Reading »
Delhi district consumer forum came up to stand for the rights of a consumer and directed leading real estate company Unitech Ltd. to pay back the booking amount and also imposed a fine of Rs. 15,000 on the company. The complainant alleged that he had paid Rs. 6.5 lakh as an installment amount to the [...] Continue Reading »
As the development authorities of Noida, Greater Noida and Yamuna Expressway have raised land rates the realtors remain apprehensive about the impact due to the increase. RK Arora, CMD, Supertech, stated that increased land costs would impact the group housing sector and the burden would have to be borne by the investors. Many developers feels [...] Continue Reading »
Tata Housing has announced that it is planning to launch eight to 10 projects in the country this financial year in spite of overall slump in the sector. Under its affordable housing segment, ‘Smart Value Homes’, Tata Housing has forayed into Gujarat by launching Shubh Griha in Ahmedabad. Along with its domestic operations, it has [...] Continue Reading »
Recently a wetland at Pirtala in Kolkata Municipal Corporation (KMC) area has been filled up in broad daylight and been allocated into plots by land sharks and are being sold at Rs 3.25 lakh per cottah. Located in Chowbaga, the 52-bigha waterbody was filled with marsh around. In the summer, the water dried up, leaving [...] Continue Reading »
Real estate market analysts say that the recent June-ending quarter left the realtors frustrated and disappointed as there was lower profit on the back of tighter margins, higher input costs and huge project inventory. According to analysts, Bangalore developers likely stood out with robust sales and several project launches, while Mumbai developers saw a recovery [...] Continue Reading »
Owing to liquidity crisis with its developer, DS Construction, Kundli-Manesar-Palwal Expressway (KMPE) has missed several time limits. Its recent deadline has been set to May 2013 by state governments of Haryana and Delhi after resolving the financial level of the developer. The delay in the project has disappointed many entrepreneurs and realtors who were betting [...] Continue Reading »
Realtors are reducing their staff as debts loading and sales decline while there is no remarkable improvement observed on fresh projects for the past one year. The heat is mainly on the marketing and sales teams of several real estate firms and their situation is pathetic. Since the number of new projects has reduced due [...] Continue Reading »
Real estate developers have planned to give rest to the new project launches, instead they prefer to sell the unsold inventory, as this process prevents dropping of price in the declining market. Analysts say developers have realised that launching of new projects could cut down the unsold inventory prices which were launched at higher costs. [...] Continue Reading »
