The jump in land, materials and labour costs has pushed property prices up by 25%-30% per cent and slowed the growth of the real estate sector in Coimbatore in the last two years. Property developers in the city believe that if the real estate sector has to grow at pace similar to that of Chennai, [...]
Archive for the ‘Property Prices’ Category
Property prices hiked in Coimbatore
Posted by propertyagentsindia on April 24th, 2012
Realty firms to shun expansion, push sales to avoid cash crunch
Posted by propertyagentsindia on December 29th, 2011
After a year that saw borrowing and inputs costs soar, crimping profit margins, property developers may have little choice but to put the brakes on expansion and try hard to push sales of existing projects in 2012 to generate cashflows as sales slow and inventories pile up.
The Delhi-National Capital region (NCR) had the maximum [...]
Posted in Property Prices, Real Estate Companies 
Tags: real estate news. property news 
No Comments »Jittery investors selling flats below market rate
Posted by propertyagentsindia on December 28th, 2011
Investors who spoiled the real estate market for the buyer by blindly buying new homes are now spoiling the builder’s prospects by selling apartments at values lower than what the builder is selling them for. If you are a buyer, look out for the investor, who is desperate to get out of a sluggish market. [...]
Puravankara Projects to sell three properties for Rs 250 crore to pay off debt
Posted by propertyagentsindia on December 28th, 2011
Puravankara Projects will sell three commercial properties in Bangalore and Chennai for Rs 250 crore to partly pay off its mounting debt. “There is pressure on margin, with cost of construction going up every month. We are in talks with information technology firms to sell 15 lakh sq ft built-to-suit plots and some people have [...]
Green buildings not an in-thing
Posted by propertyagentsindia on December 27th, 2011
Despite government incentives, concept of green buildings has failed to catch the fancy of real estate developers here. This is much in contrast to booming real estate markets like Gurgaon (Haryana), Mumbai, Bangalore and Hyderabad where “green” is the in-thing. Section 33 (7) of the Bhubaneswar Development Authority (Planning and Standards) Regulation 2008 gives concession [...]
Morgan Stanley to invest Rs 600 crore in Mumbai projects
Posted by propertyagentsindia on December 21st, 2011
The global real estate fund of Morgan Stanley is in talks with Mumbai-based Sheth Developers to invest $100 million to $125 million (Rs 530 crore to Rs 600 crore) in a residential project in Mumbai. The Morgan Stanley fund will invest in the unlisted Indian firm’s project in the western suburbs of Mumbai, Business Standard [...]
Mumbai builder loses Rs6.5 crore to couple’s Khar plot
Posted by propertyagentsindia on December 17th, 2011
A man and his wife, both in their fifties, forged documents to open a bank account and pocketed a cool Rs6.5 crore after cheating a builder. They were arrested on Friday. Homi Patrawala and his wife Pinky allegedly forged the property and bank documents of a 75-year-old woman and opened a fake bank account to [...]
Realtors turning business complexes into housing projects: Crisil
Posted by propertyagentsindia on December 17th, 2011
A huge oversupply in retail real estate sector is forcing Indian developers to turn their mall projects into homes. About 96 million sq ft of retail space is expected to be added by 2013 in the top 10 cities in India, while demand will be only for 34 million sq ft, said Crisil Research. This [...]
CREDAI Seeks 100 Basis Point Cut in Policy Rates
Posted by propertyagentsindia on December 17th, 2011
The Confederation of Real Estate Developer’s Associations of India (CREDAI) today demanded that the Reserve Bank of India (RBI) should cut the key policy rates by at least 100 basis points to improve liquidity position in the system and boost business sentiments. Reacting to RBI’s decision to keep the key policy rates unchanged, CREDAI Chairman [...]
Demand for Residential Property Market dips; prices stabilize
Posted by propertyagentsindia on December 14th, 2011
The demand for residential property market has dipped by 10 per cent in the third quarter over the previous quarter due to a combination of factors. Consecutive hikes in home loan lending rates, property prices, affordability and uncertainty in economy have contributed to the overall situation leading to a dip in demand.
The residential market [...]
BlogCatalog Blog Directory
BlogListing.net