Hi-tech township to be served up in Delhi

Published: September 14, 2009

The Indian development giant Omaxe is set to create a “hi-tech township” in Bulandshahr, in the Greater Noida region near New Delhi.
Omaxe subsidiary Rivaj Infratech has signed an MoU with Bulandshahr Development Authority to develop the 3,600-acre site over a period of five to seven years.
“The township at Bulandshahr will be a good alternative to [...]

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DLF New Project: Capital Greens, Shivaji Marg, New Delhi

Published: September 14, 2009

A great opportunity to own a lifestyle apartment in the heart of New Delhi and that too from one of the leading developers of real estate in the NCR. For the first time in New Delhi, one can look forward to owning Gurgaon Style Community Lifestyle which was envied by the Delhites for so many [...]

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South Delhi shop fetches world’s highest rent

Published: September 10, 2009

In the midst of the recession gloom, here are some realty bites to cheer things up. A 133 square feet shop on Safdarjang Road has been
auctioned for a rental of a whopping Rs 12,09,000 per month, according to New Delhi Municipal Council’s spokesperson, Anand Tiwari. The figure works out to Rs 9,022 per square feet [...]

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Commercial real estate rentals seem to be bottoming out

Published: August 26, 2009

Mumbai commercial rental continues to be the second costliest in Asia Pacific. With rent of about USD 800 per sq metre per annum, Mumbai is ahead of the likes of Tokyo (USD 750 per sq metre p.a.) and Singapore (USD 625 per sq metre p.a.) as per the latest report of real estate consultancy [...]

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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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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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Parsvnath Developers 2009 profit at Rs 112.8 crore

Published: June 23, 2009

New Delhi June 22, 2009: Parsvnath Developers Limited (PDL), one of India’s leading real estate and infrastructure companies, today reported total revenue for the fourth quarter ended 31st March, 2009 stood at Rs. 76.18 crore, Profit after tax was at Rs. 13.55 crore and EBIDTA for Q4 FY09 was at Rs. 39.65 crore.
The Consolidated total [...]

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Is it the right time to expand biz in property market?

Published: June 22, 2009

The good news is that the commercial segment in real estate is upbeat and demand is picking up. While initially, the first quarter of the calendar year saw a major decline in rental values in commercial spaces, the process of stabilisation has now begun over the last few weeks.
Companies, which were earlier hesitant to set [...]

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Developers Resort to Discounts to Sell Commercial Properties

Published: June 10, 2009

Realty companies are resorting to discounts to sell commercial properties in order to improve cash flows and reduce mounting debts. DLF, the country’s biggest real estate firm by market capitalisation, has recently sold its 66% stake in a special purpose vehicle that owns eight acres at Prabhadevi in Mumbai for Rs 310 crore, which analysts [...]

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Developers focus on Service Apartment to Fight Tough Times

Published: June 8, 2009

After being launched in cities like New Delhi, Bangalore and Pune, service apartments will soon be a reality in Tier II and III cities. Considering the growing number of corporate honchos visiting the tri-city, Ludhiana and Amritsar, real estate developers will soon introduce service apartments in these cities. Another reason that has evoked developers’ interest [...]

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10 top most expensive office spots

Published: June 8, 2009

NEW DELHI: Mumbai, which became the second-most expensive office property market globally one-and-a-half years ago at the peak of a real estate boom in the country, has now slipped out of the top-five list, as per a survey of 170 cities by real estate consultant CB Richard Ellis. The city remained at the sixth position [...]

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Drop in Rentals Lure Retailers towards Metros

Published: June 3, 2009

With rentals dropping sharply, large retailers such as Aditya Birla Retail, Reliance Retail and Shoppers Stop, and food chains such as McDonald’s are looking at metros and mini-metros for expansion. Aditya Birla Retail and Reliance Retail had started their operations two years ago in Pune and Hyderabad, respectively, as realty costs were too high in [...]

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Tata Real Estate and Infrastructure Limited Plans 20,000 Crore Investment

Published: May 29, 2009

TRIL has hired Sanjay G. Ubale, a former IAS officer to head its real estate and infrastructure foray. Tata Realty & Infrastructure Limited (TRIL), a wholly-owned subsidiary of Tata Sons, has unleashed it mega investment plans for the sector. The company, part of a $62.5 billion Tata group, has said that it plans to develop [...]

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Real estate recovery in next three months: Assocham

Published: May 29, 2009

New Delhi: India’s realtors believe the sector will see signs of recovery in the next three months, according to the Associated Chambers of Commerce and Industry of India (Assocham). A survey report by the industry lobby said 88 percent of chief executives of real estate firms see a quick revival within the next three months [...]

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Unitech sells Saket office for Rs 450 cr

Published: May 21, 2009

NEW DELHI: India’s second-largest real estate firm Unitech has sold its office building in Saket, New Delhi, for around Rs 425-450 crore to an
unnamed property investor, following over six months of negotiations with several prospective buyers.
Unitech MD Sanjay Chandra said the deal amount is over Rs 500 crore, but didn’t disclose the buyer’s name. People [...]

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Commercial rentals in Delhi, Mumbai plunge

Published: May 21, 2009

Commercial real estate rentals in Mumbai and New Delhi have seen a steep decline of 24 per cent in the January March quarter over the previous quarter of the financial year 2008-09, according to a research report by Jones Lang LaSalle Meghraj (JLLM), a property consultancy firm.
“The biggest decline in commercial rentals have been in [...]

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Realty industry hopes for better days under new government

Published: May 18, 2009

NEW DELHI: India’s realtors, one of the worst-hit by the slowdown, believes the sector will get more attention under the new government given its professed thrust on infrastructure. Anuj Puri, chairman and country head of realty consultancy Jones Lang LaSalle Meghraj, says the industry can expect the broad reform agenda would continue under the next [...]

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Price negotiations begin as commercial rents tend southward

Published: April 24, 2009

Bangalore / Mumbai: After two failed attempts to pre-sell its Hafeez Contractor House development in central Mumbai over the past two years, real estate developer Orbit Corp. Ltd has decided to build premium residences instead of corporate offices on the 250,000 sq. ft property. The move comes as demand for commercial space across India, and [...]

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Brokers’ fees go up as real estate sales drop

Published: March 6, 2009

New Delhi: Property brokers are taking advantage of the slowdown in the residential real estate market by increasing the commission they charge from developers. As house and apartment sales sag, brokers, who typically charged 2-5% of the value of the property as commission, are demanding as much as 8-9%.
“The slump in sales is so dramatic [...]

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How a real-estate firm tries to buck the slump

Published: February 11, 2009

New Delhi: The slump in the Indian real-estate industry has forced one of the country’s largest real-estate developers to introduce a scheme that would have sounded incredible yesterday.
The company, which is listed in India, told The Indian Express it would pioneer a ‘price protection’ scheme soon for customers buying homes in the Rs 20 lakh-to-Rs [...]

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