A weekly round-up of some big-ticket city deals MUMBAI A high residential apartment spread across an area of 3,780 square feet in an upcoming landmark building at Altmount Road in South-central Mumbai, was sold at a total cost of Rs 1,80,00,000. The location is one of the most highly sought-after destinations and is home to many prominent [...]
Continue reading...Monday, February 1, 2010
Picture a perfect holiday setting, serenity all around you, leisurely living and slipping into a stress-free zone. Won’t you then just love owning a holiday home which takes you to another world altogether? Owning a home in the hills or in a location nearby which is calm and serene can be the perfect retreat. Moreover, [...]
Continue reading...Saturday, November 7, 2009
With property prices beyond the reach of a majority of Delhiites, many prefer to go in for a group housing society. The benefits are numerous — the flats are in a complex with good security arrangements, water, electricity back-up, and common infrastructure availability like lifts. You also have the added benefit of assured parking space. However, [...]
Continue reading...Saturday, August 29, 2009
The pre NavratraDusshera-Diwali spell is a busy period for buyers and sellers of properties as also the real estate agents who are only too happy to have deals clinched for extracting their pound of flesh. This is the time of the year when people start their search for property in an attempt to finalise the [...]
Continue reading...Monday, May 4, 2009
DLF operating margins not hurt as much as net earnings New Delhi: India’s top realty firm by market value, DLF Ltd has protected profitability of its operations in the year gone by, despite reporting shrunken revenues and net profits for fiscal 2009, an investor presentation made by the Gurgaon Realtor shows. The firm, which posted a 41% [...]
Continue reading...Friday, May 1, 2009
EARLY SIGNS of deal-making in apartments during the first quarter of 2009 show a possible revival of demand in the real estate sector, say some analysts. A study conducted by real estate research firm Prop Equity in Mumbai, Bangalore, Chennai, Hyderabad and Gurgaon says absorption has [...]
Continue reading...Wednesday, April 29, 2009
Real estate analysts are not sure how this niche clan of developers will survive if the downturn continues and they are pushed to scramble for cash Bangalore: Kamal Sagar hasn’t stopped shopping for marble in the hills of Bottichino, Italy, for Windmills Of The Mind—a luxury residential development overlooking a lake in east Bangalore. The 20mm [...]
Continue reading...Thursday, April 23, 2009
Waning demand for under-construction projects will result in fewer apartments being ready for occupation in two-three years. Bangalore/New Delhi: Ashish Sharma, a first-time homebuyer in Bangalore, India’s tech capital, has begun house hunting with a budget of Rs30 lakh. A software professional in his late 20s, he and his wife have made up their minds on [...]
Continue reading...Tuesday, April 21, 2009
Puravankara’s current projects account for a major portion of its Rs757 crore debt Mumbai: Bangalore’s Puravankara Projects Ltd has said its outlook for sales in ongoing projects are far from optimistic, largely in line with a slump in India’s realty sector following an economic slowdown. “Puravankara, as distinct from Provident, has not seen sales that may make [...]
Continue reading...Friday, April 17, 2009
Chennai: While neglect of the elderly is a growing concern in Chennai, two city builders — Akshaya Homes and Alliance Group — have come out with exclusive apartment projects to cater to their special needs. Chennai’s elderly population (9% of the city population) is the second highest among all cities. Kolkata tops the list with 10%. [...]
Continue reading...Monday, April 6, 2009
More and more Indians want to have homes in religious centres. Whether it is the peace of Vrindavan, the serenity of Haridwar or the tranquillity of Shirdi—devotees want to be very close to their place of worship. But while developers seem gung-ho about buyer activity in these places, experts are of the view that religious hubs have [...]
Continue reading...Thursday, March 26, 2009
Will real estate prices fall further? Do builders have the financial muscle to complete ongoing projects? Should I hold my stocks in real estate companies or sell? These are the questions on everybody’s minds. And answers are unfortunately hard to come by. As a buyer, one would want to save the last penny. But it is [...]
Continue reading...Friday, March 20, 2009
MORE THAN half the residential apartments already built or under construction in key markets across India remain unsold, according to a report by a Mumbai based real estate research agency Liases Foras. This is due to high realty prices which forced buyers to stay away from the market over the last two years. According to the report, [...]
Continue reading...Friday, March 20, 2009
The dip in the internal demand in the region is forcing developers to aggressively pursue NRIs buyers for their residential and commercial projects. The NRI investor was one of the major factors in the realty boom witnessed in the region two years ago. He did not only drive up the demand but also invested in [...]
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Friday, February 12, 2010
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