Naredco and Credai have urged the government to ease foreign investment norms and modify regulations to boost funding for ongoing real estate projects amid a credit squeeze.
Barwa Real Estate and Sun Group have formed a joint venture, Sun-Barwa Land, to explore high-growth opportunities in the Indian real estate sector.
DLF Ltd and Prudential Financial Inc have received initial regulatory approval for their mutual fund venture, DLF Pramerica, aiming for a launch in 2009.
DLF Vice-chairman Rajiv Singh on portfolio gaps, interest rates, and market challenges
DLF-Hilton's joint venture faces regulatory delays for the Hilton Garden Inn project in New Delhi, but the partnership remains strong with 17 projects underway.
Parsvnath Developers postpones retail expansion due to economic slowdown, but SEZ stake sale to private equity investors nears finalization.
NRIs are avoiding real estate investments in India due to the global economic downturn, significantly impacting the realty sector.
The real estate sector faces a crisis due to tight liquidity and rising interest rates, impacting construction and employment. Industry leaders urge for policy changes to facilitate funding.
Govt disputes Assocham's job loss forecast, cites domestic-driven economy
The Indian real estate sector faces a potential 15-20% price correction over the next six months due to a severe credit crunch and demand slowdown. Banks and PE funds have tightened lending, leaving developers in a liquidity crunch.
DLF to sign franchisee agreement with Luxottica for retailing premium eyeware brands in India, opening over 100 Sunglass Hut stores in 5 years.
The real estate sector faced a significant decline in today’s stock market, with Unitech leading the fall with a 51% drop.
Hindustan Construction Co. halts township projects in Pune, Nasik, and Thane due to market turmoil, focusing on government and PPP projects instead.
Parsvnath Developers' Diwali sales dropped 40-50% due to high interest rates and lending restrictions. Despite this, the company plans to maintain prices, focusing on cost reduction by cutting salaries and expediting projects.
India's real estate market, with its high rental yields, attracts investments despite limitations. Real Estate Investment Trusts (REITs) could address these issues, providing access to capital and an exit route for developers.
Unitech Ltd to announce stake sale in telecoms business next week, expects 20%+ revenue & profit growth in FY 2008/09.
Build Up 2008: Indian Real Estate Feels Global Slowdown
Indiabulls Real Estate shares surged following RBI's interest rate cut, enhancing optimism for residential property demand, alongside notable gains for Educomp Solutions and IDFC.
Private equity investors are shifting focus from traditional sectors like real estate and financial services to emerging sectors like education, healthcare, and infrastructure due to their growth potential.
The Indian real estate sector has seen a significant slowdown, with sales dropping 30%-40% as inflation and liquidity issues strain the market.
Shares of Indiabulls Real Estate and Indiabulls Financial Services surged following assurances of no non-performing loans and positive market sentiment due to central bank actions.
Indian property developers are offering massive discounts as the global finance crisis impacts the market. The incentives include free parking, fee exemptions, and paid stamps and registration costs.
Realty stocks dipped 3.70% on Wednesday, led by Indiabulls Real Estate which plunged by over 11%. DLF also saw a decline amid weak market sentiments.
Real estate leaders express optimism about RBI's CRR cut, anticipating improved fund flow and project execution, yet caution about inflation balance.
Leading real estate companies see sharp declines in advance tax payments amid economic slowdown, highlighting industry challenges and liquidity issues.
