Real estate sales fall to 31 month low in November
Prabhudas Lilladher (PL) India has come out with report on Real estate`s sector. According to the report sales registrations for the month of November 2011 are down 20% YoY to 4,060 levels.
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Emaar uses Dubai Mall as security in $1bn loan
Emaar Properties has used Dubai Mall, one of the world’s largest shopping centres, as collateral to secure Dh3.6 billion (US$980 million) of financing from a trio of UAE banks.
Rupee depreciation brings NRIs back in property hunt
Though a depreciating rupee has its fall out on all other economic activity, it is rather helping the Indian property market.
BPTP ties up with HDFC for home loan at 5.99%
At a time when interest rates on home loans are hovering around 11-14 per cent, realty firm BPTP has joined hands with private sector lender HDFC to finance new purchases of houses at just 5.99 per cent for a limited period till December 31.
Ramprastha signs up Blue Lotus Communications for PR
Ramprastha Group has signed up Blue Lotus Communications for PR services. The north-India based Group has developed over 20 million Sq ft of area and another 10 million Sq ft is under development.
Track2Realty releases India’s 1st Real Estate Yearly Handbook
Track2Realty, the e newspaper on Indian real estate has launched India’s first real estate yearly handbook, Focus 2012.
Godrej Properties to develop residential project in Pune
Godrej Properties has entered into a joint venture to develop a group housing project in Undri, Pune.
Peninsula Land forms JV with Brookfield AMC for real estate fund
Peninsula Land and Canada based Brookfield Asset Management have formed a 50:50 JV to launch a real estate fund for investments in India.
Investments in Punjab may slowdown due to state elections: DLF
Investment in real estate sector in Punjab may slow down due to Assembly elections in the early part of next year, a senior official of DLF India said in Chandigarh.
Kotak Realty fund raises Rs. 523 crore
Kotak Realty Fund, owned by India’s fifth largest private sector lender by revenue, raised Rs.523 crore to lend to real estate developers with an assured return.