real estate: FUND-RAISING BY DLF UNITECH DOESN'T BETRAY GROUND REALTY
- 05/19/09 05:36 PM
The battered real estate sector may be seeing some glimmer of hope for the first time in about a year after two of its biggest names managed to raise cash by way of equity sales in recent weeks, but analysts warn it's still not time to call an end to the sector's travails and the real change will be felt only when private equity feels confident to return to the sector.
Promoters of India's largest real estate company DLF sold a 9.9% stake to raise Rs 3,890 crore last week, while Unitech closed a qualified institutional placement (QIP) … (0 comments)
real estate: Realistic prices boost flat bookings, show revival hopes
- 05/13/09 10:41 PM
EARLY SIGNS of deal-making in apartments during the first quarter of 2009 show a possible revival of demand in the real estate sector, say some analysts. A study conducted by real estate research firm Prop Equity in Mumbai, Bangalore, Chennai, Hyderabad and Gurgaon says absorption has been high among the residential new launches in the first quarter of 2009 in Mumbai, Chennai and Gurgaon, where developers had offered discounts and reduced flat sizes to lure buyers. But absorption is less in Bangalore and Hyderabad where developers launched few projects on account of oversupply "Mumbai has seen a rise . in … (0 comments)
Billionaire KP Singh and family, the promoters of India's largest real estate company DLF, are close to finalising a deal with some foreign and domestic institutional investors that might fetch them around Rs 3000 cr, said people familiar with the negotiations. At Thursday's closing price of Rs 245, this would mean offloading a little over 7% stake.
DLF CFO Ramesh Sanka denied the promoters had any plan to sell stake. But people familiar with the matter said Deutsche Bank has been given the mandate and … (0 comments)
real estate: DLF to launch more mid-income projects
- 05/10/09 10:39 PM
BS REPORTER Mumbai, 1 May DLF, the country's largest real estate developer, plans to launch more mid-income housing projects in Kochi, Bangalore and Hyderabad, among other cities, and divest stakes in some hotel projects to generate liquidity in the current fiscal, a top company official has said. The company's net profit has fallen 93 per cent in the fourth quarter of 2009, due to slowing sales and price cuts it offered to customers. "Somewhere, prices and rates had gone very high but now things are fine. There is sufficient demand for homes if you price them correctly. We have proved it … (0 comments)
real estate: DLF likely to sell 50% in Saket hotel for Rs 75 cr
- 05/10/09 10:38 PM
IN LINE with its stated strategy of selling hotel projects to raise cash, DLF is close to divesting 50% stake in its soon-to-be-opened 120-room hotel at Saket, New Delhi for around Rs 75 crore to a wealthy individual, people familiar with the matter said. Less than a month ago, the real estate company sold another 60-room property, located adjacent to its mall at Saket, for around Rs 55 crore. DLF's 120-room hotel has a management contract with international hotel chain Hilton and will sport the brand Garden Inn. The construction is almost complete and the hotel is due to open … (0 comments)
A year after the market regulator, the Securities and Exchange Board of India (Sebi), cleared the deck for real estate mutual funds, some players are showing interest, but the market may have to wait longer for the first realty fund in the absence of independent asset valuers.
While issuing guidelines for real estate mutual funds (REMFs), Sebi had asked rating agencies to make a list of accredited valuers. The market regulator is yet to hear from the rating agencies, people familiar with the matter said. "There is still no clarity as to … (0 comments)
Robert Tor Russell, is remembered for his most accomplished work, the great circus of Connaught Place. Well, today, his creation has fallen on bad days, thanks primarily due to the market downturn, as demand for commercial space in and around the vicinity of CP has taken a nosedive.
As the demand for commercial space has fallen flat, rentals have gone down, even up to 20% during the last three-four months. Realty experts say prestigious buildings like Statesman House, International Trade Centre and Ambadeep building are … (0 comments)
Major construction-related stocks led by realty giant DLF, Jaiprakash Associates, HDIL, IVRCL Infra and Indiabulls Real Estate helped increase investor wealth by $1.5 billion as around 50 shares representing the sector rose by an average 4.7% on Thursday as the benchmark index rescaled 10000 peak.
This surprised market men as they see no new reason for construction-related stocks, especially real estate, to go up as challenges confronting these companies remain. However, the investors and traders at the markets were bullish on real estate as the BSE Realty index, (which is down 21% for the year), gained 150 points … (0 comments)
Robert Tor Russell, is remembered for his most accomplished work, the great circus of Connaught Place. Well, today, his creation has fallen on bad days, thanks primarily due to the market downturn, as demand for commercial space in and around the vicinity of CP has taken a nosedive.
As the demand for commercial space has fallen flat, rentals have gone down, even up to 20% during the last three-four months. Realty experts say prestigious buildings like Statesman House, International Trade Centre and Ambadeep building are … (0 comments)
Ansal API launched a Residential project Sushant Taj City at Gwalior - Delhi Bypass, New Shastri puram. In this project Villas and Independent floors are available .Very unique and amazing features and Amenties are available in this project. Suitable discounts on the spot of project and best offers.
Planned to perfectionmeticulously planned, the Sushant Taj City has everything you ever aspired for- abundant greenery, a well developed network of roads, parks, uninterrupted power, quality water supply and a secured cluster planning. • Just 2½ hours from Delhi • Congestion free • Pollution free • Green surrounding • Luxurious … (0 comments)
An ISO 9001 company, TDI is known to have represented the finest elements of urban living through its magnificent journey of over two decades. With a consistent track-record of timely completion and high-quality construction, the company has developed world-class townships and commercial complexes in various prime locations of the country. TDI's ability to meet the special requirements of the real estate market and clients stems from its strong foundations of professionalism. Every project that bears the TDI signature stands out from the rest, in … (0 comments)
real estate: PHOENIX GROUP GLOBAL EXPAND BRAND ZURI
- 05/01/09 06:45 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)
real estate: 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.
Home loans are not all about low interest rates. The most important factor of a home loan is serviceability of the equated monthly installment (EMI). Lenders too realise this. For the convenience of the customers, many banks have come up with products that can suit individuals needs.
Here's a look at some products that offer customers convenience of payment:
Loan with savings a/c
State Bank of India (SBI) markets this products as Maxgain, ICICI calls it Money Saver and Standard Chartered has branded it Home Saver. This home loan product is … (0 comments)
Five months after the Tatas shifted their small car project from West Bengal, the group is set to launch a new project in the state from the Tata Housing stable.
In two weeks, the first phase of an integrated township spread over 50 acres at Rajarhat, close to Kolkatta, would be launched, said informed sources. It will be a combination of residential, commercial and retail, the first phase being the residential one.
Refusing to divulge the pricing of apartments, sources said the property would offer premium facilities and was targeting the segment between the middle … (0 comments)
Unitech has launched a new A Grade Commercial project Signature Tower II at Sec-15, NH-8 in Gurgaon. Total Land Area -3.76 Acres & Total Saleable Area - 3.50 Lacs Sq.ft (approximately), Permissible FAR- 1.75, Number of Towers- 2(proposed), Number of Floors- GF+10, Site Status-Excavation starting on 14th April 2009 It's suitable for each and every investor or buyer for investment.
Core Differentiators
•1. LEED certified green building •2. Located opposite a planned new luxury Hotel in the high growth employment corridor already home to top IT/ITeS & Corporate giants •3. Distinctive architecture and environment … (0 comments)
real estate: Ramprastha launched a Residential project The Atrium
- 04/21/09 09:12 PM
Ramprastha launched a Residential project The Atrium at Sec - 37 D, Gurgaon. It's suitable for each and every investor or buyer for investment. In this project Very unique Amenties and features are available.
•Ø Ramprastha Group is a renowned real estate company, operating in and around Delhi & Ghaziabad for almost four decades now. The company has planned and developed several prestigious projects including townships, plotted housing colonies and a large number of group housing dwelling units.
Proceeds May Be Used To Partially Repay Debt Outstanding To MFs
Cash-strapped realty major Unitech is looking at raising around Rs 1,250 cr through a qualified institutional placement (QIP), according to domestic institutional investors.
The QIP proceeds are likely to be used to partially repay the Rs 500-cr debt outstanding to mutual funds which is due on April 19.
According to some institutional investors, Unitech is hoping to close the issue next week. It has already made the presentations to investors such as SBI, LIC and HDFC. If it goes through at … (0 comments)
real estate: HDFC CUTS RATES FOR EXISTING BORROWERS
- 04/16/09 06:49 PM
After rate cuts that only benefited new customers, India's largest housing finance company HDFC on Tuesday reduced its retail home loan rate by half a percentage point (50 basis points) only for existing borrowers. New home loan rates will continue to be at 9.50% for loans up to Rs 30 lakh and 10.50% for more than Rs 30 lakh.
HDFC was able to cut rates as its cost of funds has reduced in the last month. ‘‘We have been able to bring down costs by managing liabilities efficiently and repricing debt,'' said joint MD Renu Sud Karnad. … (0 comments)
It's nothing less than three-star comfort - a complex that would allow privacy, give you an option to cook for yourself or bite into an economical meal at its common eating facilities and also provide a dedicated shuttle service to take you to the Games venues and tourist destinations. That's a glimpse into the 5000-odd DDA flats in Vasant Kunj and Jasola being readied for tourists during the Commonwealth Games. The first sample flat is likely to be complete by March 31.
With clear indications about the capital falling short of meeting the 30000 hotel room … (0 comments)
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