Patel Realty Expects to Double Profit on India’s Home Demand
Patel Realty expects profit to double this year on rising demand for homes in the world’s second-fastest growing major economy.
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Real estate FDI worries looming large
The level of FDI in the real estate sector is unlikely to show a quantum jump this year, courtesy a slow GDP growth rate, high debt levels of the real estate developers, labour shortage and economic crisis in the US and Europe.
Developers determined to make festive spirit count
Less launches, pragmatic marketing, innovative packages, product bundling and online brand promotion, the real estate developers in Mumbai are leaving no stone unturned to beat the inflationary pressure.
Developers need to file service tax returns
Service Tax Commissioner Sushil Solanki has clarified that developers will have to file their service tax returns.
Realtors’ optimism defy sluggish market reality
The festivities around Navratra and Diwali are known to cheer up the sentiments of the property market.
Pune real estate defies slowdown apprehensions
While many of the Indian cities are reeling under the apprehension of slowdown with sales nosediving, Pune real estate has defied any such apprehensions.
Oberoi Realty buys out stake in I-Ven Realty
Oberoi Realty has announced to purchase 50 per cent stake in I-Ven Realty Ltd from private equity firm ICICI Venture.
Private realtors asked to focus on affordable housing
The Government has asked private real estate developers to participate in creating affordable housing stock and help in making India slum-free.
Lodha Developers to raise Rs.825 crore
Lodha Developers Ltd is raising Rs.825 crore to buy back debentures issued to Deutsche Bank. Analysts believe Lodha risks losing prime land in Mumbai if it doesn’t purchase the debentures.
Buzz in New Chandigarh as DLF starts development work in Hyde Park Estate
Punjab’s first planned eco city, christened New Chandigarh by the State Government, has started to buzz with the major real estate developers and housing societies.