indian real estates: TATA COS TO SET UP LOGISTICS PARKS
- 05/25/09 06:10 PM
Tata Group firms Drive India Enterprise Solutions and Tata Realty and Infrastructure plan to set up logistics parks across the country with an investment of Rs 2,000 cr, which will mark their foray into the sector. The two companies would set up 7-8 logistics parks with a total warehousing space of 38.5 million sq.ft in the next 4-5 years.
Six years after selling off its housing finance to IDBI, the Tata Group is again foraying into home finance. Tata Housing Finance Company Ltd (THFCL), a wholly-owned subsidiary of Tata Capital, would be focusing on tier-II and tier III cities for financing homes.
The housing finance company was set up with an authorised share capital of Rs 100 crore, of which Rs 10 crore has already been subscribed, said Praveen P Kadle, managing director, Tata Capital.
THFCL is targeting Rs 200 to Rs 400 crore in … (0 comments)
indian real estates: PARSVNATH, OMAXE PLAN QIP ROUTE
- 05/22/09 12:11 AM
Cash-strapped Delhi-based property developers Parsvnath and Omaxe have initiated moves to raise at least Rs 1,000 crore each by way of share sales to qualified institutional buyers, hoping to capitalise on the recent success of their peers in raising funds, officials at the two firms said. Senior executives at the two companies, who asked not to be named, said separately plans were being firmed up by them to raise between Rs 1000-2000 crore each through the qualified institutional placement (QIP) route. The two firms did not respond to separate ET queries asking them to comment on any QIP plans, although … (0 comments)
indian real estates: PHOENIX GROUP GLOBAL EXPAND BRAND ZURI
- 05/01/09 06:42 PM
Phoenix Group Global, the owners and promoters of luxury resorts and business hotels in India, Europe and Africa announced that all its existing properties will be brought under the Zuri Hotels and Resorts banner - the Group's flagship brand of luxury hotels launched in October 2008. This move signifies the end of Phoenix Group's long association with Carlson Group for their properties in India.
Courtesy:- HT dt:-- 04-04-09 … (0 comments)
indian real estates: May offer more to Gurgaon project buyers
- 04/06/09 09:05 PM
DLF, the country's biggest property developer, may announce a "relief package" for customers of its second Gurgaon project, ‘Express Greens', a few days after it announced a similar package for those who had booked at its ‘New Town Heights' residential projects, also in Gurgaon.
The KP Singh-owned developer might announce a price reduction as well as construction-linked payment for Express Greens, sources said. The company had told its customers not to pay any installments after the initial 35 percent advance payment till construction commenced, some customers told Business Standard. A DLF spokesperson declined comment.
India's largest real estate developer, DLF Ltd., has decided to divest its wind-mill power generation business, which it says is non-core. Sources in the company said the management had decided to put the business on the block to raise resource for a more related business. The company has an installed capacity of around 260Mw.
Sources said after concluding the acquisition of DLF Asset Ltd, a group company owned by DLF promoters', KP Singh and family, they would start working on … (0 comments)
If you're planning to close in on a property deal, make sure you negotiate with a developer of sound financial health as it is vital for the completion of the project
For the last eight quarters the residential market in India has been clouded by the so-called "wait and watch" attitude of investors and end users. Initially, it was a wait for a drop in home loan rates, and then, a further fall in capital values.
While the fourth quarter of 2008 witnessed a significant annual fall in values, the end user confidence hasn't been revived, yet. … (0 comments)
Housing finance companies are likely to perform better than their counterparts in the financial sector, such as banks, in the long run. However, it may not be long before the slowdown pressure catches up with them too
While real estate companies are reeling under the pressure of slowing demand, lack of funds and mounting interest payments, the housing finance companies seem to be faring much better. However, there is no denying that the housing finance companies faced a slowdown and it did shave off a few percentage points from the high growth rates. For instance, the biggest mortgage … (0 comments)
Home buyers can exploit the interest rate differential between public and private sector banks to register substantial savings over the loan tenure
The government's recent move to provide home loans at cheaper rates has led to a differential in interest rates offered by public sector and private banks. We at ET Intelligence Group, decided to carry out a quick analysis of the interest rates offered by different banks to quantify the benefits that might accrue to existing and new home buyers.
In most cases, the public sector banks/home loan financing companies (HLFC) are offering lower … (0 comments)
The JMD Group has opened its master project -Govardhan City Centre - in Ludhiana. Spread across 2,50,00 sq ft, the project is an epitome of state-of-the-art retail revolution. It promises to be a world-class development and would be one of its kinds in Ludhiana with all the modern state-of-the-art facilities such as family entertainment centre, fashion stores, food courts, Cineplex's, departmental stores, hyper market, café and restaurants. Ludhiana, the industrial town of Punjab, is gradually reinventing itself from being the industrial capital of small-scale industries to an emerging city with hi-tech growth prospects.
With a vast teeming population and migration towards cities, the state of Uttar Pradesh is witnessing rapid urbanisation. Besides NOIDA and Gaziabad, which come under the National Capital Region, Uttar Pradesh boasts of several large cities like Lucknow, Kanpur, Agra, Varanasi, Allahabad, Meerut and Moradabad.
State capital Lucknow enjoys several reputed institutions of education and research, which attracts people to the city. Also being the seat of power it provides government jobs to lakhs of people along with a few industrial plants situated … (0 comments)
indian real estates: HIRANANDANI TO INVEST RS 640 CR IN NEW HOTELS
- 03/16/09 09:48 PM
Hiranandani Construction part of the Membai-based real estate developers, Hiranandani Group, is looking to invest m0ore than Rs. 640 cr for developing five new hotels in Mumbai, Bangalore, Chennai and Hyderabad.
The company is in talks with as many as eight international hotel brands for management contracts. These include Acer Hospitality, Intercontinental Hotels, Global Hyatt Corporation and Hilton Hotels.
The company plans to fund the expansion programmed through debt and reserves, in an equal manner. "we azure confident of raising the debt required," stated Surendra Hiranandani, the managing director.
One of the five properties, the one for … (0 comments)
A Well-Planned, Secure Retreat Offers Retired Adults Everything They Looked For All Their Lives - Safety, Peace of Mind And Contentment
Life comes a full circle at 60, but for some it is a new beginning. Serene surroundings and an "inviting" post-retirement home can give one a new lease on life. Besides, it is relatively easy for a senior citizen to buy a house as he/she can fall back on accumulated savings, especially if he/she does not have financial liabilities. Senior citizens often dispose of their existing property to buy a retirement-home away from the city to live … (0 comments)
For the residents of Rewari, Pal Group is bringing a panorama of modern lifestyle in the form of a township in the New Rewari, Sector 32, namely Pal City. The project is situated at the best location possible in the New Rewari because the latest Development Plan 2021 is more NH-8 centric since the New Rewari would be expanding towards the NH-8. Sector 32, the location where the Pal City is planned, is strategically surrounded by three open sectors i.e., Sectors 33, 34 and 35, having facilities like playgrounds, stadium, greens. Besides, Sectors 31 and 36 which are going … (0 comments)
B.L. Gupta Construction (P) Ltd. has recently expanded its horizon and will now construct and promote properties under its own banner as well. Operating under a renewed brand identity, BLGC maiden offering is a prime commercial space in heart of South Delhi, BLGC Square. Located in Okhla Phase I Community Centre, a prime location right in the heart of one of Delhi's biggest industrial areas, BLGC Square is a 36000 sq. ft. commercial complex, spread across G+3 floors. The project boasts of an enviable neighborhood that includes an upcoming 5-star hotel, a designated central green zone and a multi-level … (0 comments)
Government is looking at various ways to boost demand in the housing sector, especially in the wake of GDP growth rate dropping to 5.3 per cent for the third quarter of the current fiscal, with a serious look at boosting affordable homes that can generate demand.
It is also in talks with builders to devise ways to boost demand for housing.
Home loans have also slumped in the past few months, causing concern. Both as a social objective and as a means to sustain economic growth, housing is considered a crucial sector
After Being allowed by the Reserve Bank of India to restructure their loans, slowdown-hit real estate companies are getting their act together to generate revenue that would take care of interest payment on high-oat loans.
Builders say they are diverting land set aside for high end homes, malls and hotels to cut ensile in long-gestation pullets, and using the space to think up affordable housing piglets while reduced prices in older to perk up demand and cash flows.
Developers told Hindustan Times that fund flows flam private equity players and the cap, ital market have dried up, … (0 comments)
indian real estates: The loan hater
- 03/11/09 07:22 PM
There is no denying the fact that applying for a home loan after retirement is not prudent. Banks also don't encourage it. Some banks (especially PSUs) give loans till the age of 70 inhale private banks don't go beyond 65 years. Besides, it's not always a good idea to take a home loan after interment, suggest experts. "Money has to be managed solely from one's savings but an original portion of the cost can be finned. Funding the substantial portion of the house, however, is certainly out of question," says Harsh Vardhan Roongta, CEO of Apnaloan.com.
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