india: INVEST, SELL AND THEN BUY - 06/06/08 10:36 PM
Properties in the metros are literally going out of the reach of common people; the latest is to invest in affordable houses on the periphery, and later on encash these assets to purchase another house in the city. ET realty explores the idea of buying property in the peripherals
Meet the new home buyer, who is actually a medium-term investor with a long-term enduser perspective first, an investor on the outskirts of the city, and later, a buyer in the city.
Take a look at the case of Sanjit Baijal, a guy in his late twenties who works with a retail … (2 comments)

india: FARIDABAD CALLING - 06/06/08 10:35 PM
With Property Rates Rising Steeply Across The Country, It Has Become Increasingly Difficult For People To Own Their Dream Home In Delhi And NCR. At A Time Like This, Faridabad Comes To The Rescue With Quality Houses At Reasonable Prices. Et Realty Finds Out More...
Even though food, clothing and a shelter are only the most basic necessities of mankind, with all these fabulous sales on clothing and cheap and quality food dished out by famous restaurants, quality food and clothes are very much within the reach of the common man but, the same cannot be said for a shelter, which … (1 comments)

india: DLF FY08 NET UP 400% - 06/06/08 10:33 PM
Real Estate major DLF on Wednesday announced a consolidated net profit of Rs 7,812.03 crore for the financial year ended March 31, a four-fold growth over the year-ago period. The company had a net profit of Rs 1,933.65 crore in 2006-07 fiscal, DLF said in a filing to the Bombay Stock Exchange. The total income rose to Rs 14,683.91 crore from Rs 4,053.3 crore in 2006-07. The board has declared a dividend of 200% at the rate of Rs 4 on shares of face value Rs 2 for 2007-08 fiscal. For the year ended March 31, DLF reported a net profit … (0 comments)

india: BPTP GETS MORE TIME TO PAY FOR NOIDA LAND - 06/06/08 10:30 PM
Delhi-Based real estate developer BPTP has again received a month's reprieve to deposit the first installment of the Rs 5006-crore Noida land deal - the largest ever land acquisition by a private developer in the country. Now the deadline for the company to deposit the first installment of Rs 1,250 crore with the Noida authority is July 12, which if missed will lead to cancellation of the deal. BPTP has already missed the original April 12 deadline.  
BPTP chairman Kabul Chawla told ET, "We will make payment in the next three days. We have enough funds." BPTP, which bagged the … (0 comments)

india: INTEGRATED TOWNSHIPS TO TAKE OFF IN A BIG WAY - 06/06/08 10:28 PM
Integrated townships are the next big thing in the Indian real estate sector; it seems, with a quiet growth in the number of planned projects that blend in a lot of things to make ambitious projects realty successful and sustainable. As land prices peak in key cities and basic infrastructure lagging to cope up with rising population, developers are building cities away from the city to provide quality lifestyles. These are being aided by the government's policy that allows foreign direct investment (FDI) in such townships.
Almost all major developers under- stand the huge potential of this concept and are investing … (2 comments)

india: EMI HOLIDAYS DRIVE FLAT HOUSING SALES - 06/06/08 10:25 PM
Faced With declining demand for properties, real estate companies are courting buyers with a new offer: EMI holidays.
This trend is catching up in cities like New Delhi and Bangalore where real estate markets face stagnation. Under an EMI (equated monthly instalment) holiday scheme, the buyer only needs to make a down payment of 10-15 per cent of the flat's cost and does not need to pay EMI till he gets possession. However, the buyer has to arrange the loan and the builder will pay the interest till the flat is handed over, in about 18-24 months.
According to a recently … (0 comments)

india: INDIAN REAL ESTATE PRODUCTS SHOWCASED IN DUBAI - 06/06/08 10:19 PM
Around 35 Indian companies participated in the three-day Indian Realty Expo 2008, which concluded in Muscat on Saturday.
Organised by the Maharashtra Chamber of Housing Industry (MCHI), the exhibition showcased some of India's prestigious properties including some high-end properties targeted at high net worth individuals and non-resident Indians.
Indian Consul to Dubai Partha Ray said a number of NRIs and people of Indian origin, especially professionals, in the Gulf and other countries are being attracted by the rapidly growing economy of India.
"It's all about living in your own country the Khaleej Times quoted Ray," as saying. There are about 1.5 … (0 comments)

india: GODREJ PROPERTIES TO RAISE RS 600 CR - 06/06/08 10:17 PM
Godrej Properties Ltd, the real estate arm of the diversified Godrej group, on Friday filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI). The company wants to raise Rs 600 crore through an initial public offering (IPO).
Godrej properties proposes to issue 9,429,750 equity shares of Rs 10 each through 100 per cent book building process to fund its forthcoming projects. The equity dilution by promoters amount to 13.5 per cent of the post issue paid up capital of the company.
Godrej Industries and the Godrej family led by Adi Godrej hold majority stake in … (0 comments)

india: UNDERSTAND A CONSTRUCTION CONTRACT - 06/06/08 10:08 PM
Constructing a house is a cumbersome process. Many people prefer to construct a house rather than purchase a built house. A plot is purchased and the house is constructed according to one's requirements and lifestyle.
There are two ways to get the house constructed. One option is construction on a turn key basis. In this case, the owner and the builder enter into a contract wherein the contractor completes the entire construction along with fixtures and fittings, and hands over the key to the owner on completion. The owner has no other role to play, except to make the payment and … (4 comments)

 

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