Realty Bill may open new doors to transparent, secure home buying
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Tue, 6/12/11 – 15:41 | No Comment

For many, buying a residential property is the biggest investment they make in their lifetime. Last week, the government released for public comments a draft Real Estate Regulation Bill, which is said to be on …

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Articles Archive for March 2009

Ambuja Realty to Start 3 New Projects in Bengal
Thursday, 12 Mar, 2009 – 9:32 | No Comment
Ambuja Realty to Start 3 New Projects in Bengal

Notwithstanding the slowdown, city-based developer Ambuja Realty plans to unveil three new real estate projects in West Bengal this year, a top company official says. The projects comprise a 150-room hotel, a mall and an …

Slowdown Affects Workers
Thursday, 12 Mar, 2009 – 9:31 | No Comment
Slowdown Affects Workers

The slowdown in the real estate market has hit over 1,700 workers of the now-defunct Pal Peugeot plant in Dombivli after Citra Developers last year backed out of its bid of Rs 676 crore for …

ASK Investment Launches 500 cr Real Estate Fund
Thursday, 12 Mar, 2009 – 9:30 | No Comment
ASK Investment Launches 500 cr Real Estate Fund

At a time when property prices have been moving southwards and experts are predicting a tough period ahead, private equity firm ASK Investment Holdings has launched its Rs 500-crore real estate fund. ASK’s management thinks …

Plummeting Real Estate Values Force AAI to Rethink Lease Deals
Thursday, 12 Mar, 2009 – 9:29 | No Comment
Plummeting Real Estate Values Force AAI to Rethink Lease Deals

A plan to boost the revenues of airports in smaller cities, by leasing out land to private developers, has run into rough weather because of plummeting real estate values. The country’s largest airport operator, state-run …

Bharti Realty Appoints New CEO
Thursday, 12 Mar, 2009 – 9:27 | No Comment
Bharti Realty Appoints New CEO

Bharti Enterprises on Friday announced the appointment of David Rebello as the CEO of its real estate arm Bharti Realty Ltd. Before joining Bharti, Rebello was the Managing Director of DLF Home Developers, a subsidiary …

Rush for affordable mhada housing
Wednesday, 11 Mar, 2009 – 9:51 | No Comment
Rush for affordable mhada housing

The unprecedented rush for flats constructed by the Maharashtra Housing and Area Development Authority (MHADA) has proved that even in times of recession there is a huge demand for affordable housing in Mumbai.
Mhada’s affordable housing …

Ambuja Realty plans to spread
Wednesday, 11 Mar, 2009 – 9:50 | No Comment
Ambuja Realty plans to spread

Ambuja Realty will move ahead with the strategy to broaden its horizons into real estate, hospitality, life care and education at the period of economic slowdown.
Mr. Harshavardhan Neotia, chairman of Ambuja Realty, said that the …

Unitech is looking for restructuring loan
Wednesday, 11 Mar, 2009 – 9:49 | No Comment
Unitech is looking for restructuring loan

India’s second largest listed real estate company, is looking at restructuring a Rs 800-crore loan from public sector banks, as it attempts to save itself from sinking under the huge debt burden. The company is …

Small realty cos rework deals with landowners
Wednesday, 11 Mar, 2009 – 9:49 | No Comment
Small realty cos rework deals with landowners

With reduction in land prices , an average 30% across India in the past 6 months, many medium-sized developers are trying to renegotiate the joint development agreements, they had signed with landowners earlier.
“Renegotiations have definitely …

Disha Direct presents Homes that Feel like You
Wednesday, 11 Mar, 2009 – 9:41 | No Comment
Disha Direct presents Homes that Feel like You

Being a customer centric organisation, Disha Direct shares a very strong bond with its 4000 happy customers. In the past five years, the organisation has recorded the emotions that very patron associates with Second Homes. …