real estate india: KARNAL (HARYANA)
- 06/25/08 05:13 PM
Step Into Modern Living Ansal Housing and Construction has incorporated state-of-the art lifestyle and world-class facilities in a residential project in Karnal. Ansal Town Karnal (Haryana), spread over approximately 98 acres, is an integrated township and is strategically located near National Highway 1. The township is about 125 kms away from New Delhi as well as Chandigarh. The project turnover is approximately Rs 250 crores. It will feature amenities like a jogging track, commercial and shop-cum-office complex. A community centre with swimming pool and gymnasium, schools and a dispensary are other attractions.
Realty Plus … (0 comments)
real estate india: A Luxurious 'Sky Life'
- 06/25/08 05:11 PM
Lanco Infratech's Rs 5,500 crore-mega project in Hyderabad, called Lanco Hills, presents the finest lifestyle features, international facilities and amenities. Featuring the world's tallest residential tower as a signature landmark, Lanco Hills offers an unique world within, with convenient access to homes, premium office spaces, entertainment, hotels, leisure and shopping at one place. Lanco Hills comprises exclusive 3-BHK Type I premium high-rise residences with around 1,850 sq.ft. to 1,950 sq.ft. of living space. Every tower houses over 100 exclusive homes. All towers rise to over 26 to 33 levels, each offering a unique experience of the "sky life."
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real estate india: SUBHASH PROJECTS ENTERS BOOT PROJECTS IN ROAD CONSTRUCTION
- 06/24/08 05:12 PM
Subhash Projects and Marketing Ltd (SPML) has forayed into BOOT projects in road construction with the commencement of work on the four-laning of the Jaora Nayagaon state highway by Madhya Pradesh Road Development Corporation (MPRDC). SPML is actively pursuing similar opportunities for the development of highways on Build Own and Operate (BOOT) toll model elsewhere in India. A special purpose vehicle (SPV) - Jaora Nayagaon Toll Road Company Private Limited - has been formed for implementation of the project which covers a length of 126 kms on SH-31 to 4-lane section in Madhya Pradesh. The total cost of the project is … (0 comments)
real estate india: BHOOMI POOJAN OF AMRAPALI MODERN CITY
- 06/24/08 05:09 PM
Amrapali Group performed the bhoomi poojan of 'Amrapali Modern City' in Indore. Located in close proximity to IIM, Indore, 'Amrapali Modern City' will have premium class independent luxury villas, residential apartments, and plots besides commercial complex. Developed over 150 acres, the township has two entry points one from Rau-Pithampur Road and the other from Rau Khalghat, 4-lane road. Central Green Park, jogging track, exclusive clubhouse, swimming pool, gym, steam and Sauna bath, kids zone, community hall, basketball and badminton court will be part of this project.
real estate india: BOOM IN REALTY SECTOR HIKES INDIA INC.'S NET
- 06/23/08 05:20 PM
Having surplus land during a realty boom is similar to sitting on a goldmine. While many corporates continue to hold on to this valuable asset in anticipation of a further price appreciation, quite a few have decided to cash in on the opportunity and boost their bottom lines in the bargain. Corporates have reported a significant improvement in net profit riding on the large extraordinary income earned in the form of profit on the sale of property. The list includes ACC, Ranbaxy Laboratories, Pfizer, Rallis India and BOC India. Others like Bombay Dyeing, Century Textiles and Godrej Industries own several acres … (0 comments)
real estate india: 30 PC GROWTH IN REALTY IN NEXT TEN YEARS
- 06/23/08 05:15 PM
The realty sector is projected to grow at the rate of 30 per cent annually over the next decade, attracting foreign investments worth USD 30 billion, with a number of IT parks and residential townships being constructed across-India, industry body Assocham said. Currently, the domestic real estate market is expected to be worth 15 billion dollar in which the FDI is estimated to about 6 billion dollar, it said
Courtesy: ET dtd. 20/06/08 … (1 comments)
real estate india: RELIGIOUS TOURISM BOON FOR HARIDWAR REALTY
- 06/22/08 05:26 PM
Instant karma has emerged as the driving force behind the state's multimillion-dollar realty industry, with religious tourism turning the twin towns of Haridwar-Rishikesh into hot spots for developers, industry trackers say. With the two holy cities located some 200 kilometres from the national capital, Haridwar and Rishikesh are fast becoming a favourite with residents of Delhi and its adjoining areas looking for a bit of quick spiritualism. Subsequently, these places have become almost an extension of Delhi-Gurgaon for spending the weekend.
Courtesy: ET dtd. 20/06/08 … (0 comments)
real estate india: SEVERE CASH CRUNCH IN THE REAL ESTATE SECTOR
- 06/22/08 05:22 PM
The recent bloodbath in the real estate sector has started taking a toll. Almost all large developers are facing a severe cash crunch and finding it difficult to complete their ongoing projects. The situation is so bad that most of them have reported a 50-70% cash shortfall. Liquidity crunch has forced many developers to pick up cash from the unorganized market at interest rates as high as 35% to 50% annually. The lending rate of banks is between 18% and 20%. The grade A developers which are facing crash crunch include DLF, MGF Emaar, Shobha Developers, Unitech, Omaxe, Parsvnath Developers, Hiranandani … (4 comments)
real estate india: F to launch villas in Gurgaon for Rs 1.5 cr
- 06/20/08 05:40 PM
India's largest property firm DLF is planning to launch villas in Gurgaon for Rs 1-1.5 crore, reports Sanjeev Choudhary. The company feels villas will score over apartments in offering a value proposition to home buyers in a market hit by slowdown. At a time, when Rs 1-crore apartments have become a commonplace in metros and their suburbs, providing a villa for a similar price will enthuse all potential home buyers, says a DLF executive. The company plans to launch its latest offering in a month. The total number of villas on offer is not clear yet, but the company executive said … (0 comments)
real estate india: RBI RELAXES HOUSING LOAN LENDING NORMS FOR COOP BANKS
- 06/20/08 05:38 PM
Making it easier for urban cooperative banks to extend housing loans, Reserve Bank has relaxed the risk provisioning norm for purchase of residential properties up to Rs 30 lakh. The central bank issued notification on Monday in pursuance of the annual credit policy announcement made by Reserve Bank governor Y V Reddy on April 29. Earlier on May 15, the central bank had relaxed the risk provisioning norms for housing advances by the commercial banks. "It has been decided to enhance the limit of Rs 20 lakh to Rs 30 lakh in respect of bank loans for housing in terms of … (1 comments)
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