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News Home Blackstone in talks to buy Gurgaon SEZ for $440 mn: Reports Date : Feb 28, 2013 Blackstone is the most active in India and has spent $500 mn on about 20 mn sq ft (1.8 mn sq m) of leased assets over the past 18 months Unitech Ltd. BSE 30.00 0.45 (1.52%) Vol:471688 shares traded NSE 29.95 0.40 (1.35%) Vol:3041105 shares traded Prices|Financials|Company Info|Rep DTZ-Track2Realty study on commercial real estate-IV Date : Feb 27, 2013 Track2Rrealty Exclusive: Analysis of South Zone Bangalore is the only major metro in the country which saw a year-on-year increase in take-up of office space in 2012. The total take-up increased by 9% to 8.3 million sq ft in Q1-Q3 2012, from 7.7million sq ft in the year-ago period as a number of occupiers took-up space for their future requirement for consolidation and expansion. However the take-up recorded a year-on-year decline in both Chennai and Hyderabad by 28% and 36% respectively in the wake of weak demand from both US and European companies. IT/ITES continues to account for majority of office space demand in south zone, followed by manufacturing, healthcare and consulting sectors. Best performing micro mar Housing prices rise by up to 9.6 pc in 18 major cities: NHB Date : Feb 26, 2013 NEW DELHI: Housing prices have risen in 18 major cities, including Delhi and Mumbai, by up to 9.6 per cent during October-December period 2012 compared with the previous quarter, according to National Housing Bank (NHB). Mumbai and Delhi witnessed the maximum increase in housing price at 9.6 per cent each. Out of 20 cities tracked by NHB 'RESIDEX', prices have dropped in only two cities -- Faridabad and Indore. "In majority of the cities prices are witnessing upward trend," NHB said in a statement. "The movement in prices of residential properties has shown increasing trend in 18 cities ranging from 0.6 per cent in Chen Challenges surround reforms and facelift of Indian realty Date : Feb 25, 2013 Track2Realty Exclusive: The Indian real estate today stands at a crossroad where it seems the government is confused, the developer is confused, the financer is confused and the buyer is confused. They all seem to be in a wait and watch mode but not sure as to waiting for what. While the government is sitting over two crucial bills that has far reaching implications on the future of Indian real estate, reforms and regulation means different things to different stake holders. With a tectonic shift expected this year, all the stake holders are evaluating their own cost-benefit. Prima facie what seems to be a year of fair play for the buyers may not be music to the ears of the developers, though for buyers als Budget 2013 can improve Real Estate sentiment Date : Feb 24, 2013 Budget 2013 can improve Real Estate sentiment MUMBAI: Indian real estate, a vital sector of the Indian economy that contributes significantly to the Indian GDP, has started to show some signs of recovery and optimism in the sector is slowly returning. Some of the issues faced by this sector include uncertain global headwinds, high inflation rates, subdued retail demand, high interest rates coupled with credit crunch, challenges associated with land acquisitions, stamp duty costs, non-standardized bye-laws and limited institutional exit options. In view of the credit squeeze applied to the sector and limited funding opt Indian Property Show to showcase over 50 realty players Date : Feb 24, 2013 Dubai: Over 50 realty players from India would showcase properties, including luxury housing and commercial spaces, at an exhibition in Doha next month, with an aim to tap the NRI community in the country. The exhibitors at the 'Indian Property Show' would include real estate developers, construction companies, banks and real estate agents, Sumansa Exhibitions, who are organising the event, said. The show, which will showcase thousands of properties from across the country, is scheduled for March 29-30, it said, adding that it will provide a platform for direct interaction between developers and potential property buyers. "Indian Property market is a hot investment option even today and the sentiment is e Date : Feb 20, 2013 IL&FS Milestone Realty in talks with Blackstone, Morgan Stanley to sell entire stake in Mumbai project IL&FS Investment Managers Ltd. BSE 22.20 0.45 (2.07%) Vol:22643 shares traded NSE 22.20 0.50 (2.30%) Vol:50041&nb Super-size terraces Bangalore’s status symbol Date : Feb 19, 2013 In central Bangalore, Kingfisher Towers-Residences at UB City, being developed by Prestige Estates Projects, has terraces spanning approximately 600 sqft per apartment. Prestige Estates Projects Ltd. BSE 183.90 2.65 (1.46%) Vol:4484 shares traded NSE 183.95 Haryana Real Estate Authority to regulate property over 1000 square meters or 12-apartment project Date : Feb 18, 2013 CHANDIGARH: The Haryana Town and Country Planning deapartment has proposed Haryana Real Estate Regulatory Authority to regulate properties of over 1000 square meters or projects consisting over 12 apartments for planned development and to protect interest of consumers in real estate sector. Also, an Appellate Tribunal would be established to adjudicate disputes and hear appeals on the decisions or orders of the Authority. After the legislation is enacted, no promoter shall book, sell or offer for sale, or invite persons to purchase in any manner any immovable property or part of it without registering the real estate project with the Haryana Real Estate Regulatory Authority established under A lost opportunity for the real estate sector Date : Feb 16, 2013 There is a general industry view that 2013 will see an improved economic climate and the real estate sector will follow suit, albeit with some lag. The year 2012 was a difficult one for the Indian real estate sector as tough economic conditions led to lower sales and higher construction costs. There is a general industry view that 2013 will see an improved economic climate and the real estate sector will follow suit, albeit with some lag. However, Lalit Kumar Jain, National President, Confederation of Real Estate Developers’ Associations of India (CREDAI), felt that the year 2013 would be “make or break time for the real estate sector as it Bollywood loses out on 150 new multiplex screens due to slowdown in real estate sector Date : Feb 15, 2013 The slowdown in the real estate sector has cast a shadow on Bollywood as fewer multiplexes are available for distribution of films. Inox Leisure Ltd. BSE 66.85 0.40 (0.60%) Vol:2339 shares traded NSE 66.70 0.35 (0.53%) Vol:5224 shares traded DDA ready to auction 38 residential plots Date : Feb 14, 2013 New Delhi: The Delhi Development Authority has announced auction of 38 residential plots on freehold basis. The auction is expected to take place next month. The plots are located mainly in Rohini, Yamuna Vihar, Zafarabad and Vikaspuri . The reserve price of the corner plots, and those near roads that are 24 metres or above, is 10 per cent higher than other plots. The sale of the brochure will start from February 14. “The auction will take place on March 13, 14 and 15 at Vikas Sadan near INA Market. The plots vary in sizes. The largest plots are 200 sqm and are located in Rohini, Sector-18, pocket-H3. The reserve price of the corner plots in this area is Rs 7.48 crore, which makes these plots the most e |
  
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