Rate hike adds to debt burden of real estate companies
Continuous rise in interest rates by the banks is dampening the effort of the real estate companies to reduce debt by selling non-core assets.
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Telenor to raise Rs 8k cr in Unitech JV
Norwegian telecom giant Telenor has started a process to raise up to Rs.8,000 crore in its Indian joint venture with real estate developer Unitech, said a top company executive.
Know Your Home for school children by Puranik Builders
Thane-based Puranik Builders has recently launched a major project ‘Know Your House’ (KYH) for school children as a part of their commitment to Corporate Social Responsibility.
Kerala plans realty regulator
The Kerala Government has proposed to constitute a real estate regulatory authority to monitor and guide builders and developers in the State.
Pune builders take repo rate hike in their stride
The real estate sector in Pune has taken the Reserve Bank of India’s (RBI) announcement to increase the repo rates in their stride without much cribbing.
Realty sector foresees black Diwali post repo rate hike
The repo rate hike by the Reserve Bank of India (RBI) by 25 bps seems to have spoiled the festive spirit of the real estate sector.
Jones Lang LaSalle enters Sri Lanka market
Jones Lang LaSalle has announced plans to enter the real estate market in Sri Lanka.
Mumbai residential property investor update
Despite the strong probability of correction of residential property prices…
Realty branding devising its own cost-benefit strategy
While the real estate carries home the point that the very nature of business has gone for a change with second generation taking over the business, professionals driving the show and efforts for an overall image makeover.
Experts question CCI definition of service and market dominance
The Competition Commission of India (CCI) penalty of Rs.630 crore on DLF has raked up the old debate in the sector as to whether the business falls under the service sector.