News - Construction & Real Estate

Motorcycle Major Hero Group Forays into Real Estate with Township Project

The Munjal family-controled Hero group, better known for its motorcycles, is entering the real estate business, with nearly Rs. 200 crore already invested. The cash-rich Munjals are turning the current slump in real estate into an opportunity as they had no previous exposure in the business historically marked by aggressively priced land deals. The Ludhiana-based [...]

Indiabulls Real Estate Dominates the Gainers in BSE’s ‘A’ Group.

Realty shares dominated the gainers in the ‘A’ group on the BSE today, 4 November 2009. The spurt in realty shares came mainly due to bargain hunting after these shares corrected sharply in the past few trading session. On Tuesday, 3 November 2009, the BSE Realty index had sharply underperformed the Sensex, falling 9.76% to [...]

DLF to Build Rs 15 cr Flat in Delhi’s Posh Locality

Real estate major DLF is coming up with Rs 15 crore flats in the posh Greater Kailash area, courtesy Municipal Corporation of Delhi (MCD), alleges Congress. Leader of Opposition in the Municipal Corporation of Delhi Jai Kishen Sharma has alleged that the civic body has “illegally” allotted the land meant for park and community centre [...]

Cong and its Supreme Ally Trinamool Battle over Real Estate

Real estate in the Lutyen’s Delhi zone has emerged as the latest bone of contention between the Congress and its biggest ally in the second United Progressive Alliance (UPA) — the Trinamool Congress. According to top Trinamool sources, their leader Mamata Banerjee is again angry with the Congress — even before the previous contentious issues [...]

Sharp Drop in Kolkata Office Rentals

If you had any doubts about new business ventures giving Kolkata the miss, here’s damning proof that should send the alarm bells ringing loud and clear. Vacancy levels have shot up with nearly a quarter of the available office space finding no takers between July and September. Though office space across the city has been [...]

Massive fall in Real Estate Stocks

The bear hug over real estate counters continued at the bourses on Tuesday with the BSE Realty index showing a massive fall of 9.76% for the day. All stocks of property developers were battered, even construction companies suffered in the hands of investors. Among those which lead the fall were Indiabulls Real Estate with 16.15% [...]

Home Buyers Taking Interest in Hyderabad Real Estate

Aggressive pricing and festival season discounts are beginning to draw home buyers in the Greater Hyderabad Municipal Corporation (GHMC) area, including surrounding municipalities and satellite townships. With the market correcting by nearly 30-40 per cent depending upon the location, be it core city area or peripheries, buyers have begun to not only evince interest but [...]

Retailers post Healthy Increase in Operation Profit Margins

Powered by aggressive cost cutting and favourable terms from real estate developers, retailers have posted a healthy increase in operating profit margins (OPM).The growing margins suggest that the belt tightening is paying off. For example, the margins of Pantaloon Retail, the country’s largest listed retailer, have gone up from 9.2 per cent in June last [...]