Residential projects in India
An eco-conscious real state builder, Aliens Group of Hyderabad, has undertaken several green initiative on the 40th World Environment Day. In the Go Green concept taken by the builder group, one lakh saplings will be planted in the vicinity of Hyderabad. Employee awareness programs will being conducted to emphasize on the importance of recycling and [...] 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 »
Unity Infraproject, a Mumbai based real estate builder has awarded Rs 142.32 crore project for the infrastructure development in the country. The group has received Rs 48.81 crore orders for the construction of concrete road and allied civil works in Navi Mumbai, which will be completed in 18 months. In another project the Unity group [...] Continue Reading »
Godrej Properties has planned to concentrate on building residential projects in India. According to an official of the company, the demand will grow in near future. The company has launched 9 residential projects out of 10 property deal in the last financial year. The managing director and chief executive of Godrej Properties have said that [...] 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 »
Godrej Properties is considered as the most promising Indian real estate companies.The company has published its last quarterly performance report. The report shows that the consolidated net sales has grown by 8% while the operational profit of the company has dropped by 17.4 percent. The majority of the income of the company came from the [...] Continue Reading »
According to industry estimates, at least one third of residential projects in India is facing execution delays. And builders are unlikely to hand over the keys in a hurry to the house that buyers may have already paid for. To counter the situation the real estate industry has come up with a code of conduct [...] Continue Reading »
The Triangle Real Estate India Fund LLC (TREF), planned to start its real estate investment fund raising program of $200 million from July 2012. The investment firm is looking at its major investors for the fund raising program. They also set a time line of 12 months to complete the raising program. They will invest [...] Continue Reading »
The president of Confederation of Real Estate Developer’s Association of India (CREDAI), state that the project clearance process is better in Bihar than Maharashtra. He also informed that because of the governmental setup the builders get quick sanctions which enables them to complete the real estate projects in time. The members of CREDAI assembled in [...] Continue Reading »
Mumbai based real estate builder Sunteck Realty plans to invest about Rs.5400 crore by 2020. They also planned to construct 18 million sq ft of real estate property. Sunteck Realty currently constructing 27 projects across the country. According to Sunteck, there is lot of demand for luxurious apartments. Sunteck Realty will complete five residential and [...] Continue Reading »
