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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EWDPL Plans to Float Rs 500-cr IPO by Year-End
Friday, 14 Aug, 2009 – 14:21 | No Comment
EWDPL Plans to Float Rs 500-cr IPO by Year-End

Entertainment World Developers (EWDPL), a partner firm of Phoenix Mills, is planning to float a Rs 500-crore initial public offer (IPO) by the year-end, a top company official said. EDWPL is in the process of …

High Vacancy Levels Pose Problems for Asian Office Space Market
Thursday, 13 Aug, 2009 – 15:26 | No Comment
High Vacancy Levels Pose Problems for Asian Office Space Market

Floors of office space in key business districts of Delhi and Mumbai are awaiting occupants, although rentals have gone down and business confidence is said to have returned, according to a study that tracks Asian …

Property Developers Godrej and Lodha may Tap Capital Markets Soon
Friday, 7 Aug, 2009 – 14:11 | No Comment
Property Developers Godrej and Lodha may Tap Capital Markets Soon

Private property developers such as Godrej Properties and Lodha Developers may tap capital markets in the next three-four months to raise funds for their ventures, according to investment banking sources. Godrej Properties, part of the …

Assocham Recommends Escrow Account for Developers for Transparency in Real Estate
Friday, 7 Aug, 2009 – 14:07 | No Comment
Assocham Recommends Escrow Account for Developers for Transparency in Real Estate

To bring transparency in the realty sector, Associated Chambers of Commerce and Industry of India (Assocham) has suggested that it be made mandatory for real estate developers to open escrow accounts. Escrow accounts offer a …

Hiranandani Developer to Collaborate with Maharashtra Govt for Affordable Housing
Friday, 7 Aug, 2009 – 14:05 | No Comment
Hiranandani Developer to Collaborate with Maharashtra Govt for Affordable Housing

Real estate developer Hiranandani Constructions is looking to enter the affordable housing segment and may enter into a public private partnership (PPP) with the Maharashtra Government for the same, a top company official said. “We …

Top Nine Listed Real Estate Firms Post a 76% Dip in Profit and 57% Fall in Sales
Friday, 7 Aug, 2009 – 14:01 | No Comment
Top Nine Listed Real Estate Firms Post a 76% Dip in Profit and 57% Fall in Sales

India’s struggling realty industry may have sprouted some green shoots of late, but the top nine listed real estate firms posted a 76% dip in profit and 57% fall in sales in the June quarter, …

Money by Realty Focused PEs Decline by 72 pc in Q2
Thursday, 6 Aug, 2009 – 14:38 | No Comment
Money by Realty Focused PEs Decline by 72 pc in Q2

Money by realty-focused private equity funds declined to over a four-year-low level of USD 10.3 billion in April-June 2009 as institutional investors remained hesitant in committing capital. According to a report by global research firm …

New Delhi Retail Rentals continue to decline
Wednesday, 5 Aug, 2009 – 14:51 | No Comment
New Delhi Retail Rentals continue to decline

Country’s capital New Delhi continued to witness a decline in retail rentals of 25 per cent and ranked 69th in rentals among the list of major cities across the world during the first quarter of …

Real Estate and Infrastructure PE funds worthwhile
Wednesday, 5 Aug, 2009 – 14:45 | No Comment
Real Estate and Infrastructure PE funds worthwhile

With risk appetite of high net worth customers increasing, wealth managers are recommending private equity investment of 5-10 per cent of one’s portfolio with special focus on real estate and infrastructure sectors. The ticket size …

Realty Firm Anant Raj Industries to invest Rs 450 cr
Wednesday, 5 Aug, 2009 – 14:09 | No Comment
Realty Firm Anant Raj Industries to invest Rs 450 cr

Taking advantage of the fall in property prices, real estate firm Anant Raj Industries plans to invest Rs 450 crore to acquire a land bank, which it would use for developing low-cost housing in north …