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August 23, 2012

Infra sector requires more public, private projects: Saugata Ray

Greater public and private participation is required in sectors such as railways, ports and power as India looks at investing USD 1 trillion in infrastructure over the next five years, Minister of State for Urban Development Saugata Ray has said.

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August 22, 2012

CREDAI reacts over Finance Minister’s asking to not hold inventory

CREDAI has reacted sharply over the Finance Minister’s asking chiefs of public sector banks to put pressure on real estate developers to lower property prices and not hold invetory. CREDAI has said in a release that instead of asking realtors to download unsold stock at discounted prices, the Union Finance Minister P Chidambaram should take immediate steps to boost to housing stock supply through special incentives to the affordable segment.

Company News

August 22, 2012

SRG Housing Finance SME IPO opens on 22nd August 2012 with Rs 20 issue price

SRG Housing Finance Limited, a growing housing finance company with registered office atUdaipur in Rajasthan, proposes to enter the capital markets on 22nd August 2012 with a public issue of 35,04,000 of Rs 10 each. The Issue price for this IPO to be listed on SME platform of BSE has been fixed at Rs 20 per equity share of Rs 10 each. The Issue closes on 24th August 2012.

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August 22, 2012

US Government hires consultant to sell its real estate properties in India

The US Government has hired property consultancy Knight Frank to assess the valuation and strategic review of all its real estate properties in India. The properties, which house embassies, consulates, offices, residences, schools and libraries at prime locations across Delhi, Mumbai, Hyderabad, Chennai and Kolkata, were acquired over the years and are estimated to be approximately worth thousands of crores.

Commercial

August 22, 2012

H1 2012 witnesses increased demand for logistics spaces across country: CBRE

India witnessed an increased market activity in H1 2012. Demand for logistic and warehousing spaces was not only limited to leading cities such as NCR (National Capital Region), Mumbai and Bangalore, but was also spread across the leading tier II cities. These are the findings of CBRE’s latest report titled “India Logistics Market View.”

Company News

Kerala real estate, kerala property, kochi apartments, Delhi NCR real estate, Bangalore Real Estate, Track2Media, Track2Realty, ravi sinha, india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, Mumbai Real Estate, India Property

August 20, 2012

TRIL to invest over Rs 1700 crore in next 2-3 years

Tata Realty and Infrastructure Ltd (TRIL) proposes to invest over Rs 1700 crore in two to three years for various projects in the country, including Rs 550 crore in Kochi for a premium waterfront residential property, ‘Tritvam’, at Marine Drive.

Headlines

August 20, 2012

Haryana Government to crack down on pre-launch offers

After Track2Realty reported that how real estate developers are blatantly violating the ban on pre-launch schemes as advised by the Supreme Court, the Haryana Government has now decided to crack down against the erring realty companies. Many established realty companies and new players in the fray are illegally offering residential projects before acquiring the required license, and in some cases, even without a land in blatant violation of warnings by the authority.

Headlines

August 16, 2012

Indian realty destination next for skyscrapers-II?

Realtors crib that they are often dwarfed by regulation. For constructing a skyscraper, one has to go through various regulatory approvals and committees like the high-rise committee, aviation committee, the chief fire officer and the environmental clearance.

Commercial

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August 16, 2012

India Retail landscape maintains status quo: DTZ

In Q2 2012, the retail landscape in India was characterized by subdued demand coupled with restrained supply of mall space and largely stable rentals, says a DTZ report. While continued high inflation levels have restrained consumer spending and delayed purchase decisions, the slowdown in economic growth and weak consumer sentiments have resulted in a sense of uncertainity amongst retailers thereby putting expansion plans on hold.

Headlines

August 16, 2012

CREDAI sets up realty institute, offers scholarships

Aiming to promote excellence and bring in global standards in real estate arena, developers body CREDAI has announced an institute for research & professional studies and educational scholarships for needy students pursuing higher education.

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