real: Why NOIDA? - 06/10/08 10:35 PM
But what explains the scramble for this area in particular? "There is a great market potential for such centers as people do not have outlets where they can shop and enjoy and entertain themselves all at one place. Such centers provide them with a relaxed and enjoyable environment," explains Bhatia. Says another real estate consultant, "Both rentals and selling prices have definitely increased; however there is tremendous competition from the malls in terms of available retail space for the purpose of lease and purchase. Rented prime retail space will always command a high premium.''
The Success Story
"The success of the … (0 comments)

real: A Complete Experience - 06/10/08 10:33 PM
"NOIDA, with its urban mix of educated middle and upper class clientele, presents the right environment for any retail outlet location," says Deo Datta Sharma, chairman and CEO of NOIDA Authority. "The market is a wholesome place, which not only gives us a complete shopping experience but also the most sought after eateries for an enjoyable evening out," adds Lalit Mehta, advertising professional and a resident of NOIDA for several years. "The easy traffic and peace - far from the madding crowd of the capital - is alluring," says corporate lawyer Anurag Chawla, a resident of Sector 15A. Having developed as … (0 comments)

real: NOIDA Sector 18- Ultimate Retail Destination - 06/10/08 01:29 AM
Swanky malls, hip hangouts, eateries, and multiplexes make the commercial complex in Sector 18, NOIDA, one of the most happening places in the NCR.
Real estate in NOIDA is on the ascending graph and expected to receive a further boost. A large number of corporates in recent years have been looking at NOIDA as a commercial address, which has in turn fuelled the supply in this area. Today, NOIDA is a consumer haven, leading leisure and entertainment players do roaring business here, and the Sector 18 market has emerged as an extremely popular retail destination. Virtually every well-known prominent national and … (0 comments)

real: FIVE INFRASTRUCTURE COMPANIES ACQUIRED BY GAYATRI - 06/09/08 10:22 PM
Gayatri Projects is all set to acquire five smaller infrastructure firms in the country, paving way for its inorganic expansion. The company plans to fund these acquisitions through divestment of 49% equity in favour of Australian multi billion-dollar wealth management firm AMP. The latter will bring to the table Rs 200 crore through FDI for the planned expansion of Gayatri Infra Ventures, a subsidiary of Hyderabad-based developer Gayatri Projects.
                                                                 
                                                   Courtesy ET Realty 06-06-08
 
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real: ZOOM DEVELOPERS BAGS 3 IRCTC BUDGET HOTEL SITES - 06/09/08 10:19 PM
Zoom Developers have bagged three sites of IRCTC Rail Ratna Budget Hotel project. The three sites - Raipur, Bilaspur and Guhawati hotels - will have budget hotels of 75, 80, and 150 rooms, respectively. "These budget hotels will cater to the growing demand of railway travellers and of the increased demand of tourist and business travellers visiting the cities/ country," said Rameet Trehan, head, business development, Zoom Developers. Last year, in the first batch of the 20 Rail Ratna Hotels, Zoom Developers in consortium with the Royal Orchid Hotels, had won bids for 11 sites and out of the second batch … (0 comments)

real: $20 BN TO BE INVESTED IN REALTY BY 2010 - 06/08/08 11:12 PM
Investment in the Indian realty market is likely to increase to $20 billion by 2010 with a boost from Real Estate Mutual Funds and Real Estate Investment Trust, a recent report said. "The sector, which is growing at an annual rate of 30 per cent and is currently worth $12 billion, will get a further boost from the Sebi's Real Estate Mutual Fund (REMF) and the Real Estate Investment Trust (REIT) regulations," a report by Deloitte said.
                                                        
                                                         Courtesy ET Realty 06-06-08
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real: PRS 600 CRORE GENERATED BY DELHI METRO'S SURGING REALTY - 06/08/08 11:10 PM
Delhi Metro has generated Rs 600 crore revenue from the commercial use of its property during the first phase. The actual revenue generation is almost double the target, thanks to skyrocketing commercial property prices and rising demand from retail sector and IT companies. Buoyed by the good response, DMRC officials hope the total revenue from property development would reach Rs 1,000 crore soon.
 
                                                           Courtesy ET Realty 06-06-08
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real: CREDIT CRUNCH STARTS TO HIT PRIME LONDON PROPERTY - 06/08/08 06:23 PM
Prime central London house prices are falling at the fastest rate since the early 1990s, data shows.
They went down 1.5% in May-the fastest rate of decline since the house price crash of the early 90s, according to estate agent Knight Frank.
That takes annual growth to just 12.8%, down from a high of almost 38% last August.
Liam Bailey, head of residential research at Knight Frank, said: "Up until April, London appeared to have escaped the worst effects of the credit crunch, but with the mortgage market in growing difficulties, the weakness seen across the wider UK market is now … (1 comments)

real: Real Estate Outlook: Positive GDP Growth Rate - 06/08/08 06:20 PM
Recession or no recession? That's a key question for real estate because any sort of deep or prolonged recession would choke off all hopes of a housing recovery anytime soon.
But last week's big economic number -- positive growth in the national gross domestic product for the second straight quarter -- is the latest sign that this economy still has some fight left in it.
Economists define a recession as two straight quarters of negative GDP... so we're definitely not seeing that. No question though: The GDP growth rate is anemic -- just under one percent for the first quarter. But … (0 comments)

real: 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)

real: 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)

real: 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)

real: 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)

real: 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)

real: 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)

real: 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)

real: 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)

real: 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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