Noida Extension Gets Green Signal: Tension Almost Over! NCR Planning Board gives conditional approval for Greater Noida Master Plan 2021
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Sun, 1/04/12 – 16:57 | No Comment

Around 50,000 homebuyers will heave a sigh of relief, as the uncertainty surrounding the fate of Noida Extension housing projects seems to be almost over.
The NCR Planning Board (NCRPB) on Thursday gave a conditional approval …

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To or Not to Invest in Real Estate Stocks….
Wednesday, 24 Sep, 2008 – 19:11 | No Comment
To or Not to Invest in Real Estate Stocks….

The real estate stock of DLF got listed at Rs 526.60, which was just close to the issue price of Rs 525. Industry connoisseurs believe that the Indian property market has been a little weak …

Top Realty Players Set to Enter Warehousing
Wednesday, 24 Sep, 2008 – 19:04 | No Comment
Top Realty Players Set to Enter Warehousing

It’s a road less traveled but real estate developers are revving up. After building luxury homes and corporate offices, top-of-the-line property developers such as Akruti City Ltd, Emaar MGF Land Ltd, K Raheja Corp., and …

Citi Arm Invests Rs 640 cr in 4 SEZs being Developed by BPTP
Wednesday, 24 Sep, 2008 – 16:24 | No Comment
Citi Arm Invests Rs 640 cr in 4 SEZs being Developed by BPTP

Citigroup Property Investors has invested Rs 640 crore in four special economic zones (SEZs) being developed by the Delhi-based real estate developer BPTP, picking up a 40 per cent stake in the special purpose vehicle.
This …

Indus to Buy Rs 206 Crore Equity in Uppal SEZS
Wednesday, 24 Sep, 2008 – 16:21 | No Comment
Indus to Buy Rs 206 Crore Equity in Uppal SEZS

US-based hedge fund Indus Capital Partners is investing Rs 206 crore for equity stake in the two special economic Zones (SEZs) of Delhi-based real estate developer Uppal Group. “Indus Capital is buying a 25% stake …

Sub-Prime Shadow on Indian Realty
Wednesday, 24 Sep, 2008 – 16:14 | No Comment
Sub-Prime Shadow on Indian Realty

The turmoil in the global financial markets has cast its shadow on India’s largest real estate deal. Delhi-based developer BPTP Ltd, which was banking on overseas institutions to fund the acquisition of 94 acres of …

BPTP Makes Part Payment of Rs 955 cr for Noida Land
Wednesday, 24 Sep, 2008 – 16:10 | No Comment
BPTP Makes Part Payment of Rs 955 cr for Noida Land

Delhi based realty firm BPTP has made a partial payment of Rs 955 crore towards the first instalment of Rs 1,237 crore for the Noida land deal, the largest in the country. The company said …

BPTP to raise $300 mn from PE firms
Wednesday, 24 Sep, 2008 – 16:07 | No Comment
BPTP to raise $300 mn from PE firms

Real estate firm Business Park Town Planners Ltd (BPTP) is planning to raise $300 million (Rs1, 389 crore) from private equity firms. The company needs the money to finance the payment for the 95 acre …

RBI move adds to real estate sector’s woes
Wednesday, 24 Sep, 2008 – 15:33 | No Comment
RBI move adds to real estate sector’s woes

The Reserve Bank of India’s decision to raise repo rate and cash reserve ratio is expected to add to woes of the real estate sector.
The realty industry — which is already smarting under a sluggish …

Sensex in Positive Territory; Bank, Realty Stocks Shine
Wednesday, 24 Sep, 2008 – 15:28 | No Comment
Sensex in Positive Territory; Bank, Realty Stocks Shine

Sensex in positive territory; Bank, realty stocks shineBank, consumer durables, PSU, realty, information technology and power stocks have surged higher on strong buying support this morning.
At 14,658.38, the Sensex is up with a small gain …

Consumers pre-paying loans as rates increase
Wednesday, 24 Sep, 2008 – 14:40 | No Comment
Consumers pre-paying loans as rates increase

Consumers are prepaying the home loans as the interest rates are soaring. Many middle class borrowers have been forced to even sell their properties to clear the dues. “In pre-payment of a property loan, the …