Indian real estate news

UAE Based Arabian Construction Company Bags Rs 330 Crore Construction Contract from Brys Group
May 26, 2014

UAE Based Arabian Construction Company Bags Rs 330 Crore Construction Contract from Brys Group 25-May-2014 Brys Group has awarded a Rs 330 crore contract to UAE-based Arabian Construction Company (ACC) for the development of an eighty-one storied residential tower in Noida. This Rs 850 crore super luxury project spread over 7.5 acres and comprising 291 apartments will allegedly be North India's tallest residential tower having 81 floors and a height of 292 meters. The contractor (ACC) has expertise in constructing high-rise buildings ans has built some of the world's tallest and most iconic buildings like like the 105-floor, 414-meter Princess…

Real Estate Market Not Likely to Revive Anytime Soon
May 23, 2014

Real Estate Market Not Likely to Revive Anytime Soon 23-May-2014 The upturn that is expected in the realty sector is not happening any time soon. While inflation and interest rates remain high, and the disposable income unlikely to improve in the near term, consumer confidence continues to remain subdued and market sentiments low. A positive change in expenditure patterns would reap benefits for the economy; however, the primary impediment to this change is consumer price inflation (8%)....   Commercial House Tax Rules Revisited to Reduce Tax Burden 23-May-2014 With an aim to reduce tax burden for commercial property, new house…

Vigneshwara Group MD Booked for Alleged Multi-crore Fraud
May 22, 2014

Vigneshwara Group MD Booked for Alleged Multi-crore Fraud 22-May-2014 The managing director of Vigneshwara Group, Sunil Dahiya, his brother Sanjay Dahiya and his father Daryav Singh have been booked for an fraud involving more than a thousand crore. The Group had collected money from 700 investors in Gurgaon between 2006 and 2007 and promised returns till possession. However, it is alleged that construction of some of the projects have not yet begun and the investors have not yet received any payments.... Senior Bureaucrats Flag Land Acquisition as a Constraint to Business 22-May-2014 While highlighting that a new government at the…

Realty Brokers Prod Buyers to Book Homes Hinting Price Rise
May 21, 2014

Realty Brokers Prod Buyers to Book Homes Hinting Price Rise 21-May-2014 With a new government at the Centre, realty brokers have been encouraging potential buyers to book their homes with a cue that prices might rise any time in the near future. With the market engulfed in negativity in the past few quarters and home sales markedly reduced, the brokers had been at the receiving end. Brokers might be trying to encash on the current positive market sentiments since industry experts believe that property prices are likely to remain stable for the next few months, believes Samir Jasuja, MD, PropEquity....…

Developers Expect Revival of Foreign Investment in Realty Under Modi
May 20, 2014

Developers Expect Revival of Foreign Investment in Realty Under Modi 20-May-2014 Anuj Puri, Chairman & Country Head, JLL India, stated that he expects an improvement in foreign investments in the near future. However, experts believe that with a strong Central government, things might start improving soon, but the real impact on the sector will be visible only after six months to a year. Sanjay Dutt, Executive MD, South Asia, Cushman and Wakefield, said, "A stable government will lift the sentiments of the investor community…both end-users and investors are expected to increase their investments in the sector...." DHL Infrabulls Chairman Pushes…

Home Prices to Remain the Same for the Next 12 Months: Realty Experts
May 19, 2014

Home Prices to Remain the Same for the Next 12 Months: Realty Experts 19-May-2014 Potential home buyers do not have to worry as yet since housing prices will not rise immediately, believe realty experts. Industry professionals expounded that the marginal price rise witnessed in the sector is due to the Modi euphoria. It is not going to last long. “It will take another 12-odd months before prices begin to rise within the sector”, says Anshul Jain, chief executive, DTZ India. Even this expected price rise is dependent on the government’s performance in the first six months.... Noida Realtors Urge Modi…

Delhi-NCR to Witness Sturdy Private Equity Investment Growth
May 16, 2014

Delhi-NCR to Witness Sturdy Private Equity Investment Growth 15-May-2014 The Delhi-NCR real estate market is upbeat about attracting a sizeable chunk of private equity investment if a stable government forms at the centre. PE investments are being projected to go up by 50 percent. Because private equity investments are guided by the anticipation of profit, expectation of a strong central government has improved market sentiment manifold. The signs are already positive. Delhi NCR has attracted PE investment of Rs 80 crore in the first quarter of 2014. Attractive valuations and limited bank funding to the real estate sector have been…

Will the Chinese Real Estate Bubble Burst Soon?
May 15, 2014

Will the Chinese Real Estate Bubble Burst Soon? 14-May-2014 China's real estate market has been one of the world's longest-running bull markets. The market which witnessed a steady increase in real estate prices and construction activity for almost two decades seems to be stalling now. Unsold inventory is forcing developers to consider giving discounts to lure people into buying property. All the same, there are widespread fears of earlier buyers protesting the premium price they paid and clamouring for refunds. The state government is taking a slew of measures to thwart the formation of a bubble that could cause the…

Prices of Commercial Real Estate Plummeting Due to Over-Supply and Weak Demand
May 14, 2014

Prices of Commercial Real Estate Plummeting Due to Over-Supply and Weak Demand 13-May-2014 A glut of supply and weak demand are pushing down prices of commercial property including office spaces and shops in malls and shopping complexes. Prices of commercial real estate have plummeted 30 percent from the boom year 2008. The economic slowdown coupled by addition of new space has spelt disaster on the sector as one-fifth of commercial space is lying vacant. Taking advantage of the low prices, many start-ups, small businesses and corporates are purchasing commercial space instead of leasing it... Post Elections, Property Prices are Likely…

JLL India’s Chairman and Country Head Anuj Puri Calls Real Estate Regulation Bill ‘Partly Draconian’
May 13, 2014

JLL India's Chairman and Country Head Anuj Puri Calls Real Estate Regulation Bill 'Partly Draconian' 12-May-2014 Anuj Puri, JLL India's Chairman and Country Head is hopeful that a stable government at the centre will improve market sentiment and that the issue of Real Estate Investment Trusts (REITs) will be take up by the government in the next budget. Calling the Real Estate Regulation Bill 70 percent good, Puri dubs some of its provisions as draconian. Though it will benefit the end consumer, the bill is bound to make land acquisition more expensive for corporates as well as for developers. Moreover,…

Ansal Properties’ 75 Acre IT Special Economic Zone Worth Rs 130 Crore in the Offing in Greater Noida
May 12, 2014

Ansal Properties' 75 Acre IT Special Economic Zone Worth Rs 130 Crore in the Offing in Greater Noida 11-May-2014 Realty major Ansal API has commenced fast-track development of its 75 acre IT SEZ in Greater Noida which was carrying on at snail's pace since its approval in 2006 owing to the global economic slowdown. However, with the development of the Yamuna Expressway and NIIT setting up its units close to the SEZ, Ansal has decided to speeden up its development pace and has even roped in Earth Infrastructure as co-developer. With two units functional in the SEZ, the developer is…

Oberoi Realty Enters NCR With Residential Project
May 9, 2014

Oberoi Realty Enters NCR With Residential Project 09-May-2014 Oberoi Realty, already a big name in Mumbai realty market, now sets its eyes on the National Capital Region (NCR). It has recently signed a MoU for a township project. Vikas Oberoi, Chairman and Managing Director, Oberoi Realty, believes that the NCR project will be an interesting one “with development potential of approximately five million square feet”. However, Oberoi did not reveal further details related to market launch timeline.... Real Estate Demand in Visakhapatnam Expected to Increase After Elections 09-May-2014 After the lean April month, Visakhapatnam real estate market will finally witness…

Gulshan Homz announces a unique payment plan
May 8, 2014

Gulshan Homz announces a unique payment plan 08-May-2014 A prominent real estate player, Gulshan Homz proudly announced an interesting payment plan - 40:30:30. Buyers can book their houses by paying 40 per cent of the total payment. When the development is midway, they can pay the next 30 per cent and the remaining after grant of possession. The developer will apply this scheme to the ongoing Gulshan Ikebana project in Sector 143, Noida.... Ansal Housing introduces unique payment plan08-May-2014One of the most prominent players in the real estate sector, Ansal Housing, has announced a special 30:70 scheme for its Gurgaon-based…

Global PE Players Double Investments in Realty Foreseeing Long-term Gains
May 7, 2014

Global PE Players Double Investments in Realty Foreseeing Long-term Gains 07-May-2014 Private equity funds have invested Rs 2,800 crore in India’s real estate sector. This is a 145% surge when compared to the same quarter last year. A report by Cushman & Wakefield states that PE funds foresee stable governance and massive economic improvement, leading to long-standing yields. The investment is inclined equally towards both, commercial office assets and residential property, since the fields show great promise.... $16 Billion Worth PE Funds Locked in Realty Sector 07-May-2014 As real estate projects get delayed, approximately 100,000 crore ($16 billion) by private…

Is Real Estate Investment Really the Best Type of Investment?
May 6, 2014

Is Real Estate Investment Really the Best Type of Investment? 06-May-2014 Investing in property is mostly regarded as the best type of investment, as opposed to volatile shares investment. Is this a fact or just another misconception? This article revisits this belief by analyzing the advantages and disadvantages of real estate investment and details whether the cost and the ROI support it. Get a quick insight at the taxes associated with such investments which investors don’t usually consider.... Rentals Seldom Beat Inflation 06-May-2014 Do you believe that land or property can only appreciate in value? You could not have been…

Supertech Verdict Leads to Surge in Noida Land Prices by 20%
May 5, 2014

Supertech Verdict Leads to Surge in Noida Land Prices by 20% 05-May-2014 The Allahabad High Court verdict bars real estate developers from using 30 million square feet of space in the existing projects, under the FAR regime. Therefore, developers have to bear losses up to Rs 9,000 crore. While scramble for land continues and vertical growth becomes restricted, prices increase by 20%, thus leading to growth in flat rates. End users will have to bear the brunt of price rise.... Pune – An Attractive Realty Investment Destination 05-May-2014 Pune is a good destination for real estate investments from the point…

Real Estate Market Growing at a Frenetic Pace in Lucknow
May 2, 2014

Real Estate Market Growing at a Frenetic Pace in Lucknow 01-May-2014 Lucknow's skyline is in for a transformation. With a host of high-rise apartments being constructed at a frenzied pace, the city of Nawabs is fast emerging as a major realty hotspot. Seeing a demand for almost 25,000 to 30,000 residential units every year and supply lagging far behind, realty majors like Omaxe, DLF, Ansal API and Emaar MGF among others have set up shop in the city...Emerald Court Controversy: Supertech Applies to Supreme Court Against Allahabad High Court's Order to Demolish Two of its Towers 01-May-2014 Supertech Ltd has…

We have massive expansion plans: MD, Puranik Builders
May 1, 2014

We have massive expansion plans: MD, Puranik Builders 01-May-2014 Puranic Builders boasts of a land bank spread across 1,000 acres, with five million square feet under construction. The builder has already delivered 6,000 to 7,000 flats in the last 20 years. Despite such glorious accomplishments, Puranic Builders is not satisfied and has announced further expansion. Shailesh Puranik, Managing Director, Puranik Builders, who ascended the seat of power in 1993, shares some of the company plans.... Realty Focussed Private Equity Players Upbeat on India's Low-Income and Affordable Housing Sectors01-May-2014Real estate focussed private equity funds are increasingly betting big on India's low-income…