Dubai realty debacle: Indian firms say they are unaffected

Published: November 28, 2009

Bangalore / New Delhi: Four years ago, when developer Niranjan Hiranandani and his son Darshan announced the 23 Marina skyscraper project in Dubai, the emirate was the place to be in.
The city had turned into a construction site, its skyline was dotted with yellow cranes, and Indian developers and investors were lining up for a [...]

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Real Estate Prices to Remain Stable This Festive Season

Published: September 7, 2009

Property prices are unlikely to rise sharply during the festive season as buyers have become very price sensitive and are not ready to pay premium on flats. Talking to Hindustan Times, Anuj Puri, chairman and country head, Jones Lang LaSalle Meghraj (JLLM) said, “Developers have realised that they can no longer increase the prices at [...]

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Bandra-Worli Sea Link Expected to Boost Real Estate Prices by 10-15 per cent in Surrounding Areas

Published: August 28, 2009

It’s a classic case of infrastructural development boosting real estate prices. The Bandra-Worli Sea Link seems to be doing more than just easing the traffic flow from north and south Mumbai. Experts in the country’s financial capital say that there could be an increase of 10-15 per cent in property rates in surrounding areas. “The [...]

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Supreme Court Blames Influential People for Illegal Real Estate Construction

Published: August 27, 2009

The Supreme Court today came down heavily on economically affluent people, bureaucrary and civic body officials for mushrooming illegal real estate construction in the country and ruled file notings by ministers or officials do not have any legal validity. “Economically affluent people and those having support of the political and executive apparatus of the state [...]

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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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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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No Additional Tax and Duties is a Good Move- Real Estate Sector

Published: July 8, 2009

The real estate sector leaders believe that no additional burden of taxes and duties in the Union Budget is good news for them as input costs will remain the same. “No negative news for the sector which is seeing signs of revival now is by itself good news. We are happy with the structural directions [...]

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Property market showing signs of recovery

Published: July 2, 2009

The property prices are expected to remain stable over the next six months even as the real estate market has shown signs of improvement since March in terms of sales, an expert said.
“Since March, we have seen movement in the market. Before that, the confidence and sentiments were very low in the real estate market [...]

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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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Affordable Housing Segment has High Expectation from the GOVT

Published: June 12, 2009

After the President of India, Dr Pratibha Patil, mentioned affordable housing in her joint Parliamentary address a week ago, real estate sector has high expectations that this segment will get a leg-up in the Budget. Housing Min may get Rs 5000-10000 cr in Budget. Kumar Gera of Gera Developers and President of realty body Confederation [...]

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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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Kolkata Govt Rejects DLF Township Proposal

Published: February 17, 2009

The West Bengal government has rejected DLF Ltd’s proposal to build a 500-acre township at Dankuni in the suburbs of Kolkata, according to the state’s principal secretary Subesh Das.
Though in July 2006, the state government had chosen DLF through competitive bidding to build a 4,840-acre township in the same area, it couldn’t acquire land for [...]

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Goldman Sachs says prices will drop by 30%

Published: November 25, 2008

NEW DELHI: Real estate prices in India requires to drop by 30% to spur demand, said Goldman Sachs in a report. However, the report further maintained that the sharp decline in the prices will have a negative impact on the economy.
Goldman Sachs said: “Our India Real Estate Team believes that prices need to fall by [...]

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