Posted by: hotgurgaon12 on: February 5, 2009
Amid reports of private developers backing out of residential and commercial projects in the NCR, a worried Haryana government has announced flexible schemes for payment of licence fee for builders. It has also extended the licence validity period from two to four years.The recession relief measures follow two months after private developers approached the state [...]
Posted by: hotgurgaon12 on: February 5, 2009
India’s once soaring demand for high-end apartments and offices has slumped, leading to falling profits for large property developers and a shift in focus towards affordable housing for middle-class families.DLF, India’s largest property developer, warned yesterday of more downward pressure on margins in the coming months, after reporting a 69 per cent drop in profits [...]
Posted by: hotgurgaon12 on: February 2, 2009
DLF Ltd India’s top listed developer, said it would focus on selling “non-strategic” assets and reducing operating expenses, as it battles a slowdown in property sales.
It said challenging market conditions would continue in the foreseeable future and its aim was to boost liquidity and cash flows rather than growth in the short and medium term.
“Unlocking [...]
Posted by: hotgurgaon12 on: December 23, 2008
Rupees one crore is sufficient to buy a sizeable 2-BHK flat in southern part of Delhi in locations like Jasola, Kalkaji, and Vasant Kunj. In locations like Lajput Nagar –II and III, and Dayanand Colony one can bargain even a 3-BHK at this budget.
In Dwarka, one can easily find out a 3-BHK flat of [...]
Posted by: hotgurgaon12 on: December 17, 2008
Like a gunslinger with no spare bullets in his belt, India finds itself short of ammunition to fight its deepening economic downturn.A massive stimulus package like those planned by the United States and China is out of the question. India already has a chronic fiscal deficit. New Delhi puts it at 2.5 per cent of [...]
Posted by: hotgurgaon12 on: December 15, 2008
Buoyed by robust sales in mid-income housing, real estate giant DLF on Monday said it will invest Rs 15,000 crore over the next three years to develop various residential projects across the country in Rs 15-40 lakh range.DLF, the country’s biggest real estate developer, had last year announced its plan to enter into mid-income housing [...]
Posted by: hotgurgaon12 on: November 26, 2008
Leading real estate player Parsvnath Developers received environmental clearance for the construction of office-cum-commercial “Corporate Tower” at Netaji Subhash Place Metro Station, in New Delhi.The project spreads over an area of 19,400 sq mt and has a total developable area of 2,50,000 sq ft. The project is strategically located with an easy accessibility on the [...]
Posted by: hotgurgaon12 on: November 15, 2008
PURE Real Estate, a real estate investment management company, has made giant strides towards becoming a major player in Abu Dhabi’s property sector within only one year since it has been launched.The company is currently handling around Dh20 billion high-end residential, commercial and retail projects that are being developed by leading Kuwaiti companies, which include [...]
Posted by: hotgurgaon12 on: November 15, 2008
The real estate sector in India may have seen its best time for the next several decades. The real estate markets now heads downward, as people cannot make their mortgage payments.
OP Bhatt, chairman of State Bank of India (SBI), the country’s largest bank, expects 50% correction in the housing sector prices in the country. “In [...]
Posted by: hotgurgaon12 on: November 14, 2008
In a sign of the times, the country’s third largest real-estate player, Housing Development and Infrastructure Limited (HDIL), has offered to sell off three of its plots totalling about 4.5 million square feet. Analysts say the rare move shows the extent of liquidity crunch in the realty market where no developer normally takes the extreme [...]
