Retail giant Vishal Retail has capitalised on the real estate slump and successfully renegotiated store rentals for five lakh sq ft in the past three months, resulting in savings of Rs 30-lakh per month.
“On an …

Aditya Birla Management, the Mumbai based conglomerate best known for its metals and materials businesses, is to set up a real estate and private equity arm for its wealth management units.
According to a report by …

A review on Indian residential market in 2007 predicted residential space marketshare of the Delhi National Capital Region (NCR) at 35% among the top seven property markets in the country by 2009-10. The closest other market …

Tata Housing Development Company, today assured commitment to the construction, execution and delivery schedule of all its on going projects across the country. TATA Housing has announced timely completion of its projects despite the global …

As global real estate transactions slow and some countries show declines in prices, the new head of India´s largest private bank, ICICI Bank, said real estate prices in India need to fall 20 percent or …

“The budget has failed to meet the expectations at this time of global downturn,” said Navin M. Raheja, managing director of the Delhi-based Raheja Developers. “The government has taken no initiatives towards reviving the sector, …

Cash-strapped realty major Emaar MGF may turn out to be the first major beneficiary of a government package in the real estate sectordue to its partnership with Delhi Development Authority (DDA) for the 2010 Commonwealth …

The last five years in Indian real estate constituted a one-off boom period triggered by the emergence of India as a global investment destination. This is a general phenomenon that every sector goes through before …

Credit rating agencies might downgrade pass-through certificates (PTCs) issued by non-banking finance companies (NBFCs) and real estate sector further in 2009.
According to a Fitch report on Indian Structured Finance, rating actions taken up to January …