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.
DLF plans to invest Rs 4,100 crore, including Rs 200 crore for an asset management firm, expanding its real estate portfolio significantly.
India's 2024 budget lacks major direct real estate tax changes, but personal income tax cuts may indirectly boost housing demand. The awaited REIT clarification and tax holiday for developers didn't materialize.
IDEB is expanding its construction and hospitality services across major Indian cities, including plans for a new hotel in Bangalore.
Haryana Urban Development Authority plans new sectors in 12 cities, offering residential plots and concessions for ex-servicemen, boosting infrastructure with hospitals and petrol pumps.
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.
Parsvnath Developers launches Parsvnath Preston in Sonepat, aiming for Rs. 500 crore profit. The project offers 1200 units, with 500 in the first phase, spanning 2.2 million sq ft.
Eldeco Group seeks $200-250 million from private equity investors for projects in Punjab and Maharashtra after abandoning merger and capital market fundraising plans.
ING Group NV launches new Asia real estate fund in Hong Kong focusing on listed REITs and real estate companies.
Real estate firms call for tax cuts and controlled material prices in the upcoming budget to stimulate the struggling sector and benefit buyers.
Noida's Sector 119 is attracting builders and homebuyers, with projects by Eldeco, IVRCL, Gaursons, and Amrapali offering various amenities and strategic location advantages near key infrastructure.
Concorde Group is building "Concorde Manhattans," a new housing development in Bangalore’s Electronic City, hoping to attract Wipro employees with its American naming scheme and prime location.
Healthcare real estate is booming in India, with projections of $50.2 billion turnover by 2011 and $1.5 billion medical tourism industry by 2010. Major players are investing in developing health cities.
The disparity between homeowners and tenants in Mumbai is stark, with rising rental prices reflecting the booming real estate market, according to industry experts.
India's upcoming budget, the last before general elections, is expected to be populist, focusing on voter appeasement through tax reductions and increased social sector spending.
Ahmedabad's real estate market is booming, with property prices doubling in two years, attracting investors like NRIs. Increased demand due to new companies and town planning has fueled this rapid growth.
Greater Noida Authority will soon launch a new housing scheme with 5,000 single-story units priced around Rs 30 lakh each, featuring relaxed payment terms and expandable designs.
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.