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.
TDI Infrastructure Ltd. launched "Build and Earn" scheme, offering subsidized construction and assured rentals to TDI City, Kundli plot owners.
RDB Industries Limited has received a government tender worth thirty crores for a residential complex at AIIMS Patna, expanding its real estate portfolio.
Assocham projects $21 billion FDI surge in Indian real estate over next 10 years, driven by high expected returns and anticipated regulatory changes.
Sobha Developers sold 40% stake in a Bangalore residential township project to Dubai's Pan Atlantic for $10 million. The project is estimated at 1.05 billion rupees.
India's real estate market is projected to grow significantly, attracting $30 billion in FDI over the next decade. Policy changes, including increasing the minimum construction area for foreign developers, are expected to further boost FDI inflows.
India attracted $20.8B FDI in energy, services, construction, and real estate over four years. Real estate FDI jumped from zero to $2.17B, while services saw the largest increase, from $444M to $6.61B.
Sigrun is negotiating a substantial deal with an Israeli company, focusing on residential real estate and exploring international cooperation opportunities.
Chandigarh hosts the "Construction Organizers Show 2008" from October 2nd-5th, showcasing building, construction, and real estate innovations. This exhibition unites government and private sectors, anticipating 200,000 visitors.
Parsvnath Developers sold a 30% stake in its Mumbai project for 1.86 billion rupees to foreign funds, enhancing investor interest in India's real estate market.
Sistema plans to invest $100-200 million in hotels, offices, and residential complexes in India, marking its first real estate endeavor outside Russia and Ukraine.
Finance Minister P. Chidambaram's decision to lower home loan rates highlights a slowdown in various sectors, despite commercial real estate thriving.
The Pune construction industry faces significant setbacks due to migrant worker exodus, leading to delays and increased costs for buyers, as builders invoke force majeure clauses.
IDEB is expanding its construction and hospitality services across major Indian cities, including plans for a new hotel in Bangalore.
The proposed Jantri rate hike of up to 300% in Gujarat has drawn widespread condemnation, as critics warn it will burden homebuyers and disrupt construction activities.
Fitch Ratings predicts positive growth for the Indian construction sector in 2007-08, driven by infrastructure and real estate investment. Profitability is expected to surge from 2009.