Posts Tagged ‘real estate market’

DLF Comes up with New Housing Project in Gurgaon

DLF Home Developers offers new housing project DLF Express Greens Town Houses in Gurgaon. The project DLF Express Greens Town Houses Gurgaon includes the style of international architecture. DLF Express Greens Town Houses Gurgaon is situated conveniently on Sector- M 1, Manesar NH – 8 and this site is easy accessibility to Delhi. DLF Group [...]

Unitech Reports 43.64 Per Cent Decline in Net Profit

Unitech, the country’s second-largest realty firm, has reported 43.64 per cent decline in its net profit for 2009-10 fiscal at Rs 675.05 crore, mainly due to lower margin in affordable housing projects. It had posted a net profit of Rs 1,197.71 crore in the previous financial year. The net sales, however, rose marginally to Rs [...]

Realty biz to remain local play with varying laws across India

NEW DELHI: Real estate market may have grown in leaps and bounds in recent years, but the business may remain a regional play in the country, as law of land is different in different regions, feel experts. “There is different process and law in every state for acquiring land, getting approvals for projects and property [...]

Mumbai Developers taking Interest in Booming Ahmedabad RealtyMumbai Developers taking Interest in Booming Ahmedabad Realty

The boom in Ahmedabad realty and the good profits that can be made here have spurred not only the city’s realtors into action, but have also attracted some major Mumbai-based players. If sources in the city’s real estate sector are to be believed, many of the Mumbai-based builders have plans to come up with affordable [...]

Santa Cruz depot goes for Rs 50 cr

MUMBAI: The Brihanmumbai Electric Supply and Transport (BEST) brought another depot under the hammer in a bid-cum-auction on Thursday afternoon, which fetched it Rs 50.28 crore for a 60-year lease; it works out to less than a crore a year. This Santa Cruz depot, the third to be leased out since November 2006, would allow [...]

Mumbai house prices expected to climb up further

The house prices in Indian business and financial hub Mumbai will continue to increase since Mumbai property market started to pull out of global financial crisis eight to nine months ago, said industry insiders Thursday at a local property exhibition. Speaking at four-day 16th Real Estate and Housing Finance Exhibition, Aditya Das with Dubai-based house [...]

REITs To Grow Globally At US$ 1400 Bln.: ASSOCHAM-CRISIL

Mumbai, India, April 03, 2008 – The Real Estate Investment Trusts (REITs) would have potential to hold at least 5% share of the total global real estate market by 2010, the size of which would turn to US$ 1400 billion in next 3 years, according to joint Paper prepared by the ASSOCHAM and CRISIL. The [...]

Eyes Of Realtors On Latin American Mkt

The realtors of Gujarat have eyes on the Latin American market. Around 100 developers and builders of the state plan to spend a 10 day span in Argentina and Brazil to explore the realty markets of these countries. The president of GIHED, a developer body in Ahmadabad, Suresh Patel believes that the economy of Argentina [...]

Buyers file FIR against DLF over refund refusal

NEW DELHI: A group of property buyers have lodged a first information report (FIR) against the country’s largest builder DLF and its top executives after the firm allegedly reneged its commitment to refund about Rs 300 crore for a delayed project. The FIR was registered by Delhi’s Connaught Place police station in the last week [...]

Commercial property back in reckoning

The commercial property is finally on an upswing. The spell cast by the global meltdown in 2008-09 is finally wearing off, as both office and retail space are back in demand. However, most of the development in 2010 is expected to happen in tier-I cities of NCR, Mumbai, Bangalore and Chennai, thanks to a new [...]