Unitech Ltd.'s Q4 profit plummeted 98% due to high interest rates and property prices impacting demand. The company expects improvement in the current fiscal year with increased funding availability and lower interest rates.
ASK Property Investment Advisors plans to invest in Indian real estate projects via its new offshore fund, committing $40 million initially.
DLF in talks to sell Mumbai land for ₹30bn, buyers negotiate lower
The RBI's decision to cut key lending rates by 50 basis points is seen as a significant boost for the real estate sector, benefiting both developers and home loan customers.
Mirah Group consolidates real estate business, eyes large townships in Mumbai, Pune, and Nagpur, alongside expanding F&B and hospitality ventures.
This Navaratra marks a significant resurgence in the real estate market, as buyers eagerly engage in transactions, a trend anticipated to continue through the summer vacation.
Budget 2012-13 proposes external commercial borrowing for affordable housing, a Credit Guarantee Trust Fund, and increased Rural Housing Fund provisions. Real estate players express disappointment, citing increased costs from the cement industry tax and service tax hike.
Crisil introduces real estate ratings to aid buyers in making informed decisions. The rating system assesses various parameters and will cover 21 projects across Tier-I and II cities.
Tata Sons is urging its subsidiaries, Tata Realty and Tata Housing, to cease their competition, which is adversely affecting their overall operations in real estate.
The cement industry anticipates a 12% increase in sales this month due to high demand from the realty sector and focus on infrastructure by the government.