Unitech to Focus on Real Estate-Looking to De-merge Non-Core Business

Published: March 19, 2010

Unitech Ltd, the second-largest real estate developer in the country, is looking to de-merge its non-core businesses in order to focus only on real estate, a source familiar with the development said. The company’s non-realty businesses include construction, special economic zones (SEZs), power, telecom and hotels. The company plans to unlock value through private equity [...]

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Increase in prices sours revival in demand for real estate

Published: November 27, 2009

Mumbai: The much-heralded revival in home-building could come to nothing as property developers may have raised prices too much too soon, data from realty research company Liases Foras shows.
The country’s largest mortgage lender has a word of caution for real estate companies looking to cash in on the increase in demand.
“Developers have to be careful [...]

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Real estate revival story being scripted by investors: Analysts

Published: September 8, 2009

The real estate revival story is being driven by the residential segment, but contrary to the claims made by a number of developers that end-users are their main buyers, the current trend is being driven by investors. “These are investors who are taking an opportunistic view of the situation where prices have corrected considerably in [...]

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Is the worst over for the real estate sector?

Published: September 7, 2009

New Delhi / Bangalore: Nitesh Shetty, a developer of high-end properties in Bangalore, has no qualms over dropping the premium tag—and prices—in some of his projects as demand for affordable housing picks up pace in India.
“Demand lies here and we need (to) adapt accordingly,” said Shetty, founder and managing director of unlisted realty company Nitesh [...]

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Changes in Indian Real Estate Affairs

Published: September 3, 2009

Real estate in India has always been the playing field for entrepreneurs. This industry has witnessed unprecedented highs and frightening lows over the years. One is often left dyspnoeic with the continuous shifts in this sector. Due to rise in demand in the IT/ITeS sector and significant increase in FDI, the commercial and retail real [...]

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Property demand revives

Published: August 21, 2009

In a providential turn of events, the global economic slowdown has provided end users a unique opportunity to buy their long cherished ’sweet homes’ as prices in many pockets in the National Capital Region have fallen steeply. In particular, apartments in the new launches are now available in some markets at almost 50% of the [...]

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Master plan gives new life to Gurgaon

Published: August 21, 2009

Gurgaon has emerged as one of the most modern cities of India, with state-ofthe-art commercial buildings, posh residential condominiums and large malls. It has emerged as the first choice for a large number of multinational companies opening their offices in the country. The township has benefited hugely from its proximity to India’s capital and power [...]

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Latest new projects in Delhi NCR

Published: August 14, 2009

Latest new projects in Delhi NCR worth investing in. Jaypee Aman, Kosmos, Unitech uni homes, Lotus Boulevard etc.

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Realty firms may get Rs12,000 crore push

Published: August 11, 2009

New Delhi: Real estate firms and construction companies will see an increase in business with the country’s home ministry looking to build—at a cost of Rs12,000 crore—100,000 houses for people who serve in paramilitary forces such as the Central Reserve Police Force (CRPF) and Border Security Force.
These houses will be built over the next four [...]

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Project Delays Mainly Caused by Diversion of Funds by Major Developers

Published: August 10, 2009

The prime reason behind project delays in Delhi-NCR has been the diversion of funds by all the major developers. During the boom time, they had over-booked their projects and then failed to deliver their commitments. In fact, the immediate impact of the global slowdown on the Indian residential real estate market was most visible during [...]

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1% loan subsidy to boost affordable housing in Tier II & III cities

Published: August 10, 2009

Govt has offered 1% subsidy on loans up to Rs 10 lakh & doled out tax sops for developers. But this will mainly boost affordable housing projects in Tier II & III cities. Metros will be missing from the list.
At a time when low cost is the clearly the buzzword in the real estate sector, [...]

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Realty sector begins to look up, ahead: boom by Diwali?

Published: August 6, 2009

New Delhi Bogged down by the economic slowdown, the real estate sector is going all out to woo would-be buyers. Builders and realtors from across the country, thus, went all out to promote their upcoming projects at the three-day Property Expo, which concluded at Pragati Maidan on Monday.
In an attempt to get some of their [...]

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Mall owners focus on space fillers

Published: July 27, 2009

AHMEDABAD: Mall vacancies in major retail destinations such as Delhi, Mumbai, Pune and Hyderabad climbed between 5% and 15% in June 2009, even as developers rewire their strategies to sustain cash flows. During the past six months, developers juggling with various revenue models have discovered to their relief that certain “flexible” formats like ‘minimum guarantee’ [...]

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Is it good time to buy or sell in real estate mkt now?

Published: July 27, 2009

Is it a good time to buy or sell in the real estate market right now? Chances are that as a prospective buyer or a property owner, you may be facing a serious dilemma. Industry players feel that while it may be a good decision to buy in certain locations, a sell off needs to [...]

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Discounts pay, home buyers back in market

Published: June 15, 2009

NEW DELHI: Home sales have picked up in select Indian markets over the past couple of months, but analysts warn that prices may not have bottomed out yet as developers are sitting on a huge inventory.
Markets such as Delhi National Capital Region (NCR), including Delhi and surrounding areas such as Gurgaon, Faridabad, Noida and Ghaziabad, [...]

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Big Malls Make a Comeback

Published: June 12, 2009

The global financial meltdown and its concomitant effect on India’s real estate industry had forced developers to defer supply of mall space in 2008. However, in what could be seen as early signs of revival of retail real estate, as many as 100 malls, spread over 30 million sq ft, are expected to come up [...]

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Real Estate Recovery in Coming 3 Months : ASSOCHAM

Published: June 3, 2009

Anticipating strong policy measures for real estate in forthcoming Budget, embattled realty majors see positive signs of recovery taking place, within next Three months as affordable housing rev up demand and improved cash flows address their liquidity concerns, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
The ASSOCHAM Business Barometer (ABB) Survey [...]

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Over 100 malls to spring up in India by end-2010

Published: June 1, 2009

Mumbai: Keen on matching supply with demand, real estate developers may spring up more than a hundred malls spread over 30 million sq ft in the country by end-2010, a report says.
“Between now and 2010, an additional 31,846,504-square feet of mall space will be created across India through just over 100 new shopping centres,” findings [...]

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Demand High for Affordable Housing

Published: May 27, 2009

The possibility of an affordable home not only eludes the vast middle class in the private sector, but also the Central public sector employees across the country, reflecting the gross shortage of houses. Huge deficit between demand and supply, especially in metro cities, has forced the Central government real estate firm National Buildings Construction Corporation [...]

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Builders Allege Upturn in Property Demands- Banks Disagree

Published: May 20, 2009

Builders seem to have reset their price expectation and it is starting to reflect in the new stock entering the market Banks say that they have not seen any change in either loan disbursement or loan applications. After six to eight months of a dry spell in the real estate space, builders are claiming that [...]

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‘Possession on time’ is the latest mantra

Published: March 23, 2009

When it comes to selling residential projects in a downturn, the promise of ‘timely completion of project’ has become as good a bait, as any other — affordability, complementary club membership or swimming pools.
With the slowdown in sales and cash crunch delaying real estate projects, some builders have started pitching ‘on time completion’ as their [...]

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India’s best places to invest in real estate in 2009

Published: January 12, 2009

Investing your money in real estate is not enough. Knowing where to invest is necessary for attractive gains in the property market. So which are the best places to invest in real estate in 2009? Global real estate consultancy Jones Lang LaSalle Meghraj (JLLM) outlines the nine best places that can fetch you lucrative returns:
Mumbai: [...]

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Greater Noida Phase II to boost development activities

Published: January 10, 2009

If implemented, the Greater Noida Phase-II will impart a new momentum to the development of the zone. Akash Vashishtha takes a look on the current status, the opportunities and future of the region The state government’s plan of setting up Greater Noida Phase-II is expected to boost the already high industrial character of Greater [...]

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