17 Acres of Prime Gurgaon Land to be auctioned by Aricent Technologies

Published: January 14, 2011

After Gurgaon One, western part of the city might see rise of another multi-storey building in the same vicinity. Jawala Mills, decades-old defunct textile mill on Old Delhi Road is slated to be sold by mid-February. The 17 acres of land was first purchased by IT major Aricent Technologies in early 2000s as tech firm [...]

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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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Godrej Properties may offer affordable housing at sub-Rs 15 lakh

Published: November 18, 2009

Godrej Properties, the realty arm of Godrej Industries Limited is extremely bullish on the affordable housing market in India. The company is mulling on the possibility of introducing housing facilities for the masses at price points below Rs 15 lakh per unit.
Godrej Properties executive director Pirojsha Godrej told ET, “We would like to take a [...]

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DLF Plans to Build Around One Lakh Affordable Houses

Published: November 3, 2009

Venturing where few private players have gone before, India’s largest realty firm DLF is is planning to build one lakh affordable houses that would cost less than Rs 20 lakh in major cities across the country. According to sources, the company is giving final touches to its strategy for development of these one lakh housing [...]

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Surge in Residential Realty Prices

Published: October 9, 2009

Residential real estate prices are going up. In the last three months, prices of affordable apartments have appreciated by around 10% across the country. “With improvement in the sentiment in the economy, transactions in the affordable range of residential real estate have gone up. This has made developers to increase prices by 5% to 10% [...]

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Best Locations in Delhi to Buy Residential Properties

Published: September 18, 2009

Delhi has always been a lucrative real estate destination for real estate developers, investors and professionals. Not only, as a real estate market by many investors and developers, but the place is also in demand by buyers. It witnesses people coming from different parts of the country and getting settled here. Even the recent economic [...]

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Ansal Properties to invest over Rs 35,000 cr on 19 townships

Published: September 14, 2009

Claiming that it was the biggest township developer in the country, even ahead of rival DLF and Unitech, realty firm Ansal Properties
& Infrastructure said on Sunday that it will invest up to Rs 35,000 crore over the next 10 years to develop 19 township projects.
“We are the largest township developer. We are currently developing 19 [...]

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Home loans up to Rs 10 lakh get 1% interest rate subsidy

Published: September 11, 2009

Affordable housing, especially in non-metros, could get a much-needed boost with the Government on Thursday approving the one per cent interest subvention scheme for housing loans up to Rs 10 lakh. The Centre has allocated Rs 1,000 crore for the scheme.
Under the new scheme approved by the Cabinet, the interest subsidy will be made available [...]

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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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India’s biggest land deals

Published: August 20, 2009

DLF, India’s largest real estate developer, has emerged as the sole bidder for the 350.71-acre land parcel in Gurgaon put up for auction by HSIIDC. With a reserve price of Rs 1,700 crore, it’s said to be one of the largest land deals in India in terms of value.
Mega land deals, however, are not new [...]

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Realtors may not gain from tax benefit extension

Published: August 6, 2009

The government’s decision to extend the time limit for claiming tax exemption on profit earned from projects may not give the desired benefits to real estate developers. Instead of giving benefits to ongoing projects, the government chose to extend a tax waiver to ‘affordable’ housing projects that were approved till March 31, 2008.
“A change in [...]

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ECB policy: Realty players see no near-term gain

Published: July 2, 2009

New Delhi, July 1 Real estate players on Wednesday hailed the Government’s decision to open the external commercial borrowing (ECB) window for special economic zone (SEZ) developers, although some players felt that the move may not offer immediate gains given the global economic downturn.
Reacting to the latest changes in ECB policy, real estate major Unitech [...]

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DLF, Unitech plan to put Mumbai projects on track

Published: June 29, 2009

MUMBAI: Mumbai seems to be the next destination for India’s biggest realty companies, Unitech and DLF, to try and restart some of their projects Realty which were put on the backburner. Both these companies have been in the midst of overcoming some serious liquidity problems that they were confronted with.
Unitech, which recently raised $325 million [...]

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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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Real Estate India Ready to Roar Again

Published: May 27, 2009

Investors and analysts have begun re-rating the realty sector on optimism that the worst may be over, as the efforts of recent months and a stable global environment will help developers attract funds and boost earnings. Developers in the past year have restructured debt, sold non-core assets and tweaked product mix, helping to push up [...]

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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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Realty may see sales building up in Q4, but profits could fall

Published: April 24, 2009

India’s real estate companies are expected to see a marginal rise in sequential sales in the fourth quarter ended March 31, 2009, on the back of good demand for their new projects, coming at up to 20% discount to existing market prices. However, their profits may take a hit. On a year-on-year basis, the top [...]

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