A mere `green wash’ is not enough for a development to be environment friendly Of late, several real estate developers have opers have launched a slew of residential green projects across the country. Their efforts are led by their belief that such products help enhance marketability and also increase operational efficiencies.There is a school of thought, [...]
Continue reading...Tuesday, February 9, 2010
Real estate developers are reviving big-ticket projects in Kolkata after securing a commitment from the West Bengal government that “some kind of incentive” would be offered to help them emerge from the downturn. The projects had been halted for at least 18 months. States such as Maharashtra, Gujarat and Uttar Pradesh have already announced incentives [...]
Continue reading...Tuesday, September 8, 2009
Real estate developers cannot be fined for late delivery of possession of a flat to an allottee if no specific date of its delivery is mentioned in the contract, the apex consumer body has held. The National Consumer Commission further held that the acceptance of the belated delivery of the flat in 1993 without protest [...]
Continue reading...Monday, July 27, 2009
The government is weighing the impact of a possible three-year ban on stake sale by foreign investors in real estate projects, a decision that could affect future capital inflows into the sector. Real estate developers had recently urged the government to reinterpret a provision in the foreign direct investment guidelines, so as to stop overseas investors from [...]
Continue reading...Monday, July 6, 2009
Experts say higher prices are intended only to test the waters, but developers say further price cuts are unlikely Riding high on the return of demand and rising sales in housing, several real estate developers are stopping discounts, have stalled further price cuts, increased prices in budget housing projects launched recently, and are returning to revive [...]
Continue reading...Wednesday, June 24, 2009
Firms have modified development plans and project formats, but analysts say there is still some way to go India’s two largest real estate developers by market value are finding their way out of the woods, say analysts. DLF Ltd and Unitech Ltd are showing the first signs of surviving their worst crisis ever. The popping of the [...]
Continue reading...Saturday, June 6, 2009
While the sudden rise in demand for affordable residential housing in the last couple of months has given the much-needed relief to real estate developers, commercial and retail segments continue to face the heat of oversupply, combined with declining rental rates and lower demand from investors. As a result, developers have deferred a majority of the [...]
Continue reading...Wednesday, May 27, 2009
DLF, Unitech, HDIL & Puravankara line up 60 million square feet of new launches. Top real estate developers are trying their best to make up for lost time. Buoyed by encouraging response from home-buyers for their marked-down properties, companies such as DLF, Unitech, HDIL and others have lined up housing projects of over 60 million square [...]
Continue reading...Monday, May 4, 2009
The construction industry is being adversely affected by the increase in cement prices, led by the demand surge on the back of the public sector infrastructure projects. Real estate developers, already reeling under the pressure of poor demand, claimed that margins were hit by at least five per cent, even though steel prices had softened [...]
Continue reading...Monday, April 6, 2009
After using a portion of his retirement money to buy an apartment in Gur gaon, on the outskirts of New Delhi, S.K. Bangia pursued the developer for almost a year to get the purchase agreement. He eventually got a letter canceling the allotment of the flat, Bangia says. The 62-year-old former bank manager booked [...]
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Saturday, February 13, 2010
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