News - Construction & Real Estate

HDIL gets Nod for Mumbai Slum Project

The real estate developer Housing Development and Infrastructure Limited (HDIL) got the government approval for the coveted Mumbai airport slum rehabilitation programme today. HDIL had earlier bagged the project from the Mumbai International Airport (MIAL). “The tenement limit has been increased to 270 sq ft from 225 sq ft. As the size of the tenement has [...]

Assocham calls for Real Estate Investment Trusts

An early introduction of real estate investment trusts (REITs) will attract institutional investors and make the commercial real estate market more transparent, according to the Associated Chambers of Commerce and Industry of India (Assocham). In a note to the Securities and Exchange Board of India (SEBI), the Assocham has said that REITs can also help develop [...]

Old Mutual Plans 4 New Realty Funds of $1 bn each

After life insurance and property services, the $4.5-billion Old Mutual is planning to significantly increase its investments in the Indian real estate sector and plans to come up with four new funds that will invest $1 billion each or more by 2015. “We have aggressive plans and plan to have four funds of $1 billion or [...]

Investors going for Mysore Realty Space

Mysore, a royal city known for its palaces, parks, heritage buildings, handicrafts and its famous Mysore ‘Maillige’ and Mysore ‘Pak’, also once came alive with a particular beat. That was the ‘dub dub’ beat going by the name of Jawa motorcycles. There was a time when it was as proud to own a Jawa mobike [...]

Realty Developers feel Liquidity Squeeze

Real estate developers are feeling the liquidity crunch with funding sources tapering off. On the one hand, high interest rates and soaring property prices have hurt off take, on the other hand, rising steel, cement prices have pushed up input costs by 20-25 per cent, which developers have to absorb for now. ”The crunch is getting [...]

Landmark Eyes Treble Indian Retail Business

The Dubai-based Landmark Group expects its Indian retail business to treble in next three years. The company operates chain of Lifestyle department stores and has launched the home decor retail format ‘Home Centre’. The company has launched 14 Lifestyle stores in India and plans to increase this number to 35 in next three years. It intends [...]

India Realty Expo 2008 in Dubai from May 8

The Maharashtra Chamber of Housing Industry (MCHI) is organizing an exhibition of some of India’s prestigious properties at the Al Boom tourist village in Dubai from May 8-10. Christened India Realty Expo 2008, it will showcase high-end properties targeted at high net worth individuals and Non Resident Indians. “25 exhibitors will be showcasing their properties of [...]

Select Real Estate Locations will always be in Demand

Sentiments in the sector will continue to be muted, especially in the residential sector, which has seen the highest price appreciations and is the most sensitive to non-amenable lending norms. Major real estate developers who are flush with private equity and IPO-based money, further bulwarked by pre-sale monies and land banks, will not be as seriously [...]