Mumbai Based Patel Realty Plans to Launch Projects worth Rs 300 cr

Published: May 27, 2011

Patel Realty India Ltd, a wholly-owned subsidiary of Mumbai-based publicly-held Patel Engineering Group, plans to launch 3-3.5 million sq ft of projects valued around Rs 300 crore during the present financial year across the country. Presently, around 7 million sq ft of real estate space is under construction across verticals like residential, commercial and retail [...]

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Piramal Realty Ltd Plans 5 Residential Projects in Mumbai

Published: May 4, 2011

Piramal Group chairman Ajay Piramal’s newest venture, Piramal Realty Ltd, will kick off with five residential projects in Mumbai at an estimated investment of about Rs. 1,500 crore. The company will develop about 30 million sq. ft through land acquisitions funded from its own sources, without any borrowing, managing director Khushru Jijina said. “We are [...]

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Residential Property Prices to Dip as Buyers Stay Away

Published: April 13, 2011

Weighed down by a piling up inventory as customers stay away, property prices in India’s key markets are slated to decline, while in other cities the trend is likely to be divergent.
Apart from the fall in affordability of customers, due to a rise in property prices and interest rates, the other reason is developers’ fund [...]

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Sanghvi Group comes up with Affordable Housing Project in Mumbai

Published: March 31, 2011

Acknowledging the need for ‘affordable and qualitative housing’ in the extended suburb of Mumbai Metropolitan Region (MMR) real estate firm Sanghvi Group has identified Kalyan, Shahapur, Vasind and Asangaon as an affordable residential destination. Keeping this in mind the Group launched Sanghvi Paradise, an affordable mega township project at Asangaon. Spread across nine acres of [...]

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US Based Developer Donald Trump Plans Luxury Residential Tower in Mumbai

Published: January 18, 2011

US billionaire real estate developer Donald Trump is entering the Indian property market with a luxury residential tower in Mumbai, more than two years after announcing plans to expand in the south Asian nation. Trump, who has joined with Mumbai developer Rohan Lifescapes Pvt for his first venture in the country, expects to start marketing [...]

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Receding Housing Demand May Hamper Real Estate Recovery

Published: January 5, 2011

The demand for residential properties, a major revenue source for most real estate companies, is receding. An expected increase in borrowing rates and the near-peak realty prices may reduce the demand further. This will affect most realty firms that had started showing signs of recovery in the recent quarters. This explains why the 29-stock ET [...]

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