India Property News-India Real Estate News Weblog at IndiaPropertyNews.co.cc
21 March 2009
Omaxe Pays Back Rs 201 Crore To Indiabulls
Cash-strapped realty company, Omaxe has managed to pay Indiabulls Financial Services Rs 21 crore in December 2008. With this payment, Omaxe has been able to pay Rs 201 crore against the total loan of Rs 300 crore it took from the latter in December 2007. Read More...
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21 March 2009
Reduction in Property Tax On The Cards in Maharashtra
As the property graph continues to go down, the state government plans to reduce the property rates in the Ready Reckoner to reflect reality. The reduction might well be in the range of 10 to 30 percent of the rates for various areas in the existing Ready Read More...
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21 March 2009
Buyers In Pune Wait and Watch
Buyers in Pune have adopted a wait-and-watch policy in an anticipation of a steep fall in prices as builders scramble to prevent a further slide. Statistics with the stamp registration controller's office suggest that property deals slowed down from Read More...
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21 March 2009
Semi Luxurious Apartment, Latest Ploy Of City Developers
Real estate developers have come up with a new gimmick to attract buyers. After budget-houses, builders have come out with ' semi-luxury ' flats to cater to high-end buyers. The purpose is to provide various amenities offered by premium projects, Read More...
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21 March 2009
Bell The Cat (Cops' Admission Test) For A DDA Flat
DDA's latest allottees will have to wait to get their flats. The investigation into the alleged housing scheme scam, which had so far centered on allotments in the reserved categories, will now also scrutinize General Category allotments. The Economic Read More...
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19 March 2009
Chennai: Bollineni Hillside one of the Largest Residential Townships on OMR Launched
19th March’ 09, Chennai: BSCPL Infrastructure Ltd., a major player in the construction Industry, today announced the launch of its prestigious project “Bollineni Hillside”, on OMR. Formerly known as B Seenaiah & Co Projects Ltd., Read More...
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13 February 2009
Cement Industry Hit By Realty Slowdown
The slump in the realty sector, which accounts for about 65 per cent of the total cement consumption in India, has affected the cement sector. Since most realtors are facing a severe cash crisis, it is quite unlikely that too much real estate development Read More...
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13 February 2009
Severe Decline in Demand for Luxury Real Estate
A survey by global real estate consultancy Cushman and Wakefield (C&W) has revealed that average capital values of luxury properties in posh localities across major metros have fallen by 10%-20% during the last three months. Residential rental values Read More...
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13 February 2009
Omaxe To Come Up With 10,000 Homes In the Rs 4-10 Lakh Range
Realty firm, Omaxe has announced its plans to launch 10,000 low-cost homes in Indore next month, which would be developed at about Rs 1,000 crore (Rs 10 billion). It will launch these budget-flats in the range of Rs 4-10 lakh. "We will launch 10,000 Read More...
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13 February 2009
450 Projects Halted And 5, 000 Jobs Lost In Pune Realty Sector
Falling sales and severe cash crunch have halted the development of more than 450 real estate projects in Pune. This has resulted in loss of jobs of around 5,000 construction workers. A detailed survey undertaken by Promoters and Builders Association Read More...
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13 February 2009
New Realty Investment Plans Take A Hit, Says Assocham
According to an industry survey, fresh investment plans in the real estate segment have taken a plunge of about 82 per cent between the first and the third quarter of the current financial year showing a slowdown in demand in residential and commercial Read More...
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13 February 2009
Boards Of Maytas Infra and Maytas Properties Not To Get Dissolved
The government has announced that it will not dissolve the boards of Maytas Infra and Maytas Properties, whose acquisition deal by Satyam Computer for $1.6 billion was aborted following shareholders' dissent. The government has already ordered inspection Read More...
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13 February 2009
DLF To Make Investments Worth Rs 15, 000 Crore in Budget Housing Projects
Real estate giant DLF has announced plans to invest Rs 15,000 crore over the next three years to develop various residential projects across the country in Rs 15-40 lakh range. The company had announced its plan last year to enter into mid-income housing Read More...
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13 February 2009
MMRDA Plans Alternative Biz Hubs
As two main business districts of the city have reached a saturation point, the Mumbai Metropolitan Regional Development Authority (MMRDA) is planning to acquire 1.84 crore sq mt of land to set up alternative business hubs to build new rental housing Read More...
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13 February 2009
88,222 Forms Sold by MHADA
The first day of the housing projects introduced across Mumbai by the Maharashtra Housing and Area Development Authority (MHADA) received an overwhelming response. It reflected that slump or no slump, there is still a huge demand for houses if the price Read More...
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