Parsvnath Developers is selling its prime 1.18-acre land near Connaught Place, with potential buyers including Sahara Group and ICICI Bank aiming for a deal worth Rs 700 crore.
Demand for homes in smaller Indian cities attracts big real estate developers, with 354 million sq ft of residential development expected in 3 years.
The affordable housing focus is driving sales recovery in the residential sector, while commercial segments struggle amid declining margins and revenue for major developers.
Major Indian real estate firms like DLF, Unitech, Omaxe, and Parsvnath are under pressure from buyers and investors who seek refunds due to delayed or stalled projects.
Retail space development in India lagged by 54% in 2008, with only 34 of 74 planned malls delivered. High vacancy rates and economic slowdown contributed to developers deferring projects.
LAVA Electronics plans India entry by Q3 2009 through a franchisee model, targeting large hotels and high-end consumers.
RBI's stricter loan restructuring norms for real estate developers are pressuring builders to reduce property prices or face funding shortages. This move aims to address rising NPAs and revive the struggling real estate sector.
The real estate sector faced a significant decline in today’s stock market, with Unitech leading the fall with a 51% drop.
Leading real estate companies see sharp declines in advance tax payments amid economic slowdown, highlighting industry challenges and liquidity issues.
Real estate investors face challenges exiting the market due to price drops and rising interest rates, leading to losses and defaults. Many young investors are struggling with EMIs after purchasing properties at peak prices.
Residential real estate slump spreads to tier-2, tier-3 cities, with 25% drop in housing demand due to higher borrowing costs.
Small builders in Lucknow face financial strain due to rising inflation, increased interest rates, and escalating construction costs, impacting project pricing and buyer interest.
Indian developers diversify into hospitality due to low real estate margins, high lending rates, and strict financing norms.
Leading real estate developers, including DLF and Omaxe, are collaborating with the Punjab government to deliver affordable housing solutions costing under one lakh rupees each.
Realty market slowdown to accelerate in 6 months due to stock market downturn, experts warn, with investors selling flats at lower rates.
The advertising sector is feeling a pinch as top developers like DLF and Omaxe reduce budgets by 5%, reflecting a downturn in real estate markets.
Realty stocks are experiencing a significant decline due to market uncertainty, a slowdown in the real estate sector and rising input costs. Major players like DLF and Unitech have seen substantial drops in their share prices.
Carrefour explores franchise model in India, considering Parsvnath as potential partner for retail expansion
Twenty-three prominent real estate firms, including Reliance and DLF, are vying for the Thatipur project in Gwalior, with bids closing on May 7.