Calcutta property prices may increase by up to 15% as developers face rising costs; however, demand slowdown may limit immediate price hikes.
Chandigarh's thriving rental market, driven by increased demand from residents seeking affordable housing, offers a variety of options catering to diverse budgets and lifestyles.
Bangalore's rental market is booming due to increased urbanization and IT sector growth. Professionals and students are driving demand, while high property prices make renting more affordable. Real estate consultants assist newcomers in finding suitable housing.
Delhi Development Authority to offer 6,000 affordable flats in Dwarka, Vasant Kunj, Rohini, Narela, and Shalimar Bagh within two months, targeting middle and low-income groups.
BPTP Group paid Rs 1000 crore to Noida authorities as first installment for its 95-acre project, utilizing internal accruals and past PE investments. The remaining Rs 250 crore will be paid soon. BPTP outbid DLF and Omaxe for the project, facing a tight deadline due to funding challenges in the current real estate market.
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.
The real estate sector faces challenges as DLF's stock drops below its issue price, reflecting broader market declines and investor uncertainty.
ICICI Bank downplays real estate bubble fears despite rising interest rates and property prices impacting sector growth. The bank expects a market correction.
Amanora Park Town in Maharashtra, India, is set to unveil its 'Temple of Environment' on June 5th. This unique 18-foot granite and glass prism structure symbolizes environmental conservation.
The future of DLF's Rs 33,000-crore township project in Dankuni is uncertain due to land acquisition issues and political opposition. The West Bengal government might shelve the project if land acquisition challenges persist.
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.
Majid Al Futtaim is exploring opportunities in India's real estate sector, aiming to partner locally for shopping malls and residential projects within the next two years.
Despite a nationwide economic slowdown, real estate prices remain resilient while shares of real estate companies have plunged, prompting cautious sentiment among investors and brokers.
Private equity investments in India's real estate sector have surged in 2008, driven by lower valuations and a liquidity crunch, offering a prime opportunity for investors.
Omaxe reported a consolidated net profit of ₹495 crore for FY 2007-08, a significant increase from the previous year, alongside a 60.26% revenue rise.
Saffron Group, promoter of Yatra Capital, plans to become a leading real estate player with long-term investments in upcoming properties and rental income generating assets.
Real Estate TV appoints Prem Kumar Menon as CEO and A. Nair as News Head. Menon brings 27 years of media experience, while Nair joins from Indian Express Group.
Milestone Capital Advisors plans to raise Rs 10 billion for investments in real estate projects across tier-II and tier-III cities in Tamil Nadu, focusing on affordable housing.
Rental prices in key Indian industrial towns surge, with New Delhi experiencing a 13% increase in 2008, reflecting high demand and limited development space.
By 2015, airport modernization aims to add 78 million square feet of real estate, boosting non-aeronautical revenues significantly, especially in retail and office spaces.
Ajmera group plans to separate its steel business from its real estate division, rebranding as Ajmera Real Estate and Infrastructure post-demerger, focusing on significant project developments.
Omaxe plans to invest Rs 8,000 crore in affordable housing over five years, with a goal to build 1 million low-cost houses across various states.
The National Consumer Commission ruled that builders must compensate buyers for delays in flat delivery, emphasizing that benefits from rising property prices go to purchasers.
Indiabulls Group is negotiating with global retailers for a pan-India presence while expanding its real estate portfolio with new malls expected to open by 2009.
Real estate sales have declined, but prices remain stable. High interest rates coupled with past growth have caused a market slowdown, affecting buyer sentiment.