News - Construction & Real Estate

Govt to Pass Real Estate Regulatory bill in Winter Session

To bring the Indian property industry on par with the global real estate sector, the Indian parliament is gearing up to pass the much talked about real estate regulatory bill in the winter session. The industry is keenly watching out for this one as the first draft was found to be faulty and rather lopsided [...]

Cash-Strapped Realty Companies Eye Rs 15K-crore mop-up

Cash-strapped real estate companies looking for succour from the capital market are likely to run into headwinds on the pricing front. Market watchers say unless the promoters price their issues a bit more realistically, they are likely to see a tepid response from investors. Some of the high-profile new issues over the past few months [...]

Pune Witnesses Rise in Commercial as Well as Residential Real Estate

The price of real estate in the city, which was on a low for most of last year, has stabilised and in fact posted a bit of a rise in select locations, if recent research by real estate advisory firms are any indication. Importantly, commercial real estate including retail spaces which took a bigger hit [...]

UBI seeks Capital Infusion from govt to meet future credit growth

State-owned Union Bank of India today said it has sought financial assistance to the tune of Rs 1,800 crore from the government to meet credit growth in the coming years. “We have requested the government for the capital infusion,” Union Bank of India Chairman and Managing Director M V Nair told PTI on the sidelines [...]

Developers in Bangalore Plan to Target Middle and Upper Middle Segments

After almost a year of lull due to the economic downturn, the real estate sector in the country’s IT capital is slowly picking up and is all set to focus on the middle and upper middle segments, where it envisages huge potential. Customising their offerings, builders are keen to capture these segments, which are witnessing [...]

Home Buyers Keen but Cautious

The residential property market has firmed up in the last few weeks and consumer demand has picked up, say real estate consultants, who claim that buyers (end users) are back because of the confidence in the economy, a resurgent stock market and low interest rates. But there’s a note of caution: if builders start jacking [...]

Demand for Commercial Property will remain Low: ASSOCHAM

Even though the present situation of the sector is significantly better than later half of previous fiscal, financial condition of developers has not improved to a level that they can hold project for long time. Notwithstanding RBI’s concern over bubble in real estate sector, financial performance of realty majors during first half of current fiscal [...]

Jaypee Greens Announces the launch of India’s first Sports City

Jaypee Greens (A division of Jaiprakash Associates Limited - a well diversified infrastructural industrial conglomerate in India) has announced the launch of India’s first Sports City on the Yamuna Expressway in Gautam Budh Nagar. Sports City, is positioned for everyone who appreciates luxurious surroundings and spaces equipped with sports and recreational facilities. Sports City will [...]