Tag Archive | "real estate developers"
Realty cos line up for OM Metals’ Bandra property
Om Metals Infra projects, a hydro-mechanical engineering services company, has received interests from nearly half-a-dozen real estate developers to develop a prime property at Bandra in Mumbai’s western suburb, a top official says. “We have been approached by at least six top developers, “ said executive director Vikas Kothari without divulging their identities. “We hope to [...]
Continue reading...Developers may sell assets to repay loans
Saturday, June 12, 2010
Many real estate companies may have to sell their assets to honour their repayment commitments of the loans restructured during recession despite improvements in the cash flow situation. In case of such a possible scenario, the companies with sound financial health are expecting to clinch some deals with attractive valuations. Though income flow situations have improved owing [...]
Continue reading...Builders, brokers hoodwinking I-T Dept with wrong business codes
Monday, June 7, 2010
The Income Tax (I-T) Department has found widespread cases of real estate developers and stock brokers providing wrong business codes in their tax returns, which it says could be to hide evasion of taxes. The department has started identifying these entities and has decided to prosecute them for providing wrong codes and also for evasion of [...]
Continue reading...Debt repayment sword over realtors
Wednesday, May 19, 2010
Declining cash flows, difficult IPO environment are substantial complications. Real estate developers, who need to pay around Rs 25,000 crore on debt installments in the current financial year, could face an uphill task. For, equity issuance remain uncertain and cash flows have dwindled. According to Reserve Bank of India estimates, developers have piled up debt of Rs [...]
Continue reading...Realtors see no adverse impact on housing demand
Tuesday, April 20, 2010
Real estate developers today said RBI’s decision to tighten the monetary policy would not have a negative impact on housing demand, as they do not foresee any increase in home loan rates. “It’s a very balanced and calibrated announcement meant to control inflation. The signals from the PSUs as well as private banks are favourable and [...]
Continue reading...Is it really green Homes?
Saturday, February 13, 2010
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...Real Estate Developers Reviving Big-Ticket Projects in Kolkata
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...Developers not to Pay Fine for Late Delivery if Specific Date is not mentioned on Contract
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...Govt weighs 3-yr lock-in on FDI in real estate
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...Developers stall price cuts, discounts
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...DLF, Unitech show path to beat real estate downturn
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...Real estate developers homing in on residential projects
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...Housing projects are back with a vengeance
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...Developers Feel the Pressure as Cement Prices go Up
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...CONSUMER ACTIVISM Irate customers start filing cases against real estate developers
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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- OCUS Group Announces the Launch of its Second Commercial Project in Gurgaon
- Builders have no right to sell stilt parking: Supreme Court
- FAR raised, Noida set to grow taller, greener
- Now you can make 3-storey house in Noida
- HDFC raises home loan rates by 50 bps
- MP builder cites staff crunch for project delay
- GURGAON TO CP BY METRO RAIL FROM SEPTEMBER 3
- Consumer Affairs Ministry Gives Green Signal to 49% FDI in Multi-Brand Retail
- Maharashtra Govt Prohibits Use of Petrol Pump Land for Real Estate Purpose in Mumbai
- 6 Chennai Projects Get Top Ratings from CRISIL
Saturday, June 19, 2010
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