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  • Realtors ask banks to pass on benefits of RBI rate cut Sep 29, 2015 03:27 PM IST

    Realtors ask banks to pass on benefits of RBI rate cut

    Commenting on the rate cut, India's largest realty firm DLF's CEO Rajeev Talwar said: "Very good announcement by RBI. Have left the job to the Finance Ministry to now convince the banks to lower their base rate."

  • Godrej Industries' Q1 consolidated net profit up 21% Aug 12, 2015 09:44 AM IST

    Godrej Industries' Q1 consolidated net profit up 21%

    Commenting on the results, Godrej Industries Chairman A B Godrej said: "Despite volatile market conditions, Godrej Agrovet had a steady quarter."

  • Godrej Industries Q1 consolidated net profit up 21% Aug 11, 2015 04:22 PM IST

    Godrej Industries Q1 consolidated net profit up 21%

    It had a net profit of Rs 77.70 crore in the same quarter of the last fiscal. Godrej Industries' total income from operations on consolidated basis was up 7.93 percent to Rs 2,510.67 crore as against Rs 2,326.17 crore in the same period last fiscal, the company said in a BSE filing.

  • Parsvnath reports Q1 loss of Rs 8 crore Aug 05, 2015 09:09 PM IST

    Parsvnath reports Q1 loss of Rs 8 crore

    Its total income from operations, however, rose to Rs 160 crore in the first quarter of 2015-16 from Rs 96.34 crore in the year-ago period.

  • HDFC's dip in Q1 profit may speed up merger with HDFC Bank Jul 30, 2015 11:47 AM IST

    HDFC's dip in Q1 profit may speed up merger with HDFC Bank

    The sharp drop in HDFC‘s standalone profit growth to 1.2 percent in the first quarter of 2015-16 (ended June) is less a comment on the housing finance pioneer‘s lack of performance than an indicator of the sorry state of India‘s economy and its real estate sector.

  • Kohler looks to be present in 100 cities by year end Jul 23, 2015 04:05 PM IST

    Kohler looks to be present in 100 cities by year end

    US-based kitchen and bathroom major Kohler is looking to expand its base to 100 cities in the country by the end of this year, a strategy aimed at minimising the impact of slowdown in the real-estate sector.

  • Elevator maker Kone eyes double digit growth in 3-5 yrs Jun 24, 2015 12:20 PM IST

    Elevator maker Kone eyes double digit growth in 3-5 yrs

    At present, the Indian elevator and escalator market stands at around 50,000 units per year, which is anticipated to see a double digit growth mainly on the back of improved sentiment in the real estate sector, company's President and CEO Henrik Ehrnrooth said.

  • Developers flock to buy TDR from MMRDA; may fetch Rs 130cr Jun 23, 2015 11:44 AM IST

    Developers flock to buy TDR from MMRDA; may fetch Rs 130cr

    The Mumbai Metropolitan Region Development Authority (MMRDA) has put on block TDR on three plots in Goregaon and Jogeshwari. This includes area of 10,574.76 sq mt of Nirlon Park and 9,970.49 sq mt of NESCO, both in Goregaon and 9,454.75 sq mt of Ajgaonkar plot in Jogeshwari.

  • Industry hails 'Housing for All' as a milestone decision Jun 17, 2015 08:54 PM IST

    Industry hails 'Housing for All' as a milestone decision

    "This is a welcome step taken by the Union Government. This decision will work as a milestone in Indian housing sector. Every stakeholder of the industry would get benefited by this step," Industry body CREDAI NCR President Manoj Gaur said in a statement.

  • News Corp raises stake in PropTiger to 30% Jun 16, 2015 04:40 PM IST

    News Corp raises stake in PropTiger to 30%

    News Corp had first acquired a 25 percent stake in Elara in November 2014 for about USD 30 million. PropTiger has since acquired digital design startup- Out of Box Interaction (OoBI) - as well as adding property search portal Makaan.com to its industry-leading portfolio of offerings and capabilities.

  • DLF targets Rs 4,000 crore new sales bookings this fiscal May 25, 2015 11:25 AM IST

    DLF targets Rs 4,000 crore new sales bookings this fiscal

    The country's largest real estate firm achieved gross sales bookings of Rs 3,850 crore in 2014-15 fiscal, down 5 percent from Rs 4,070 crore achieved in the previous year.

  • Real Estate Bill to be taken up in Rajya Sabha on Tuesday May 05, 2015 09:09 AM IST

    Real Estate Bill to be taken up in Rajya Sabha on Tuesday

    Facing number crunch in Rajya Sabha, the government was forced to defer the bill on April 29 after opposition insisted on referring it to Select Committee of Parliament.

  • Rahul Gandhi assures support against govt Real Estate Bill May 02, 2015 02:52 PM IST

    Rahul Gandhi assures support against govt Real Estate Bill

    Rahul Gandhi met home-buyers at the Congress headquarters on Saturday and assured them of his support against the Bill proposed by the Narendra Modi government. The Bill allegedly dilutes penalties for late delivery of homes and does not safeguard against money being diverted from one project to another.

  • Not a good time to buy property, invest in real estate Apr 27, 2015 05:09 PM IST

    Not a good time to buy property, invest in real estate

    For buyers scalded by huge, unaffordable price increases in the last few years, it is best to let the industry stew in its own juice for now. The real estate sector is up the creek without a paddle. Builder inventories in metros like Mumbai and Delhi (NCR) are at new highs as few people are buying.

  • Cabinet amends real estate bill to curb illegal practices Apr 08, 2015 03:52 PM IST

    Cabinet amends real estate bill to curb illegal practices

    The decision by Prime Minister Narendra Modi's government to amend the bill, which was submitted by the previous government in 2013 but not passed by the upper house, aims to boost investor confidence and stamp out illegal practices.

  • Under the real estate bill, 50% to be deposit in 15 days Apr 07, 2015 10:15 PM IST

    Under the real estate bill, 50% to be deposit in 15 days

    Under the proposed Law, one or more Regulatory Authorities will be set up in each State/UT or one Authority for two or more States/UT by the concerned governments for oversight of real estate transactions.

  • Prefer Prestige Estates, Brigade Ent, Oberoi Realty: MOSt Feb 26, 2015 12:38 PM IST

    Prefer Prestige Estates, Brigade Ent, Oberoi Realty: MOSt

    Motilal Oswal has come out with its report on real estate sector. The research firm prefers players with a growing and quality annuity vertical like Prestige Estates, Brigade Enterprises and Oberoi Realty, given strong operational recovery.

  • Residential real estate: How policy reforms impacted it Feb 11, 2014 03:12 PM IST

    Residential real estate: How policy reforms impacted it

    By 1994-95, real estate prices in the city increased to a point where companies started to look for cheaper alternative locations, paving the way for other cities to grow commercially. Demand for both commercial and residential real estate gathered steam.

  • PE funds return to Indian real estate; focus on niche areas Jan 24, 2014 12:13 PM IST

    PE funds return to Indian real estate; focus on niche areas

    2014 seems to have brought fresh hope for the real estate sector in terms of fund flows. In the last two months, several private equity funds have together invested over USD 700 million in real estate projects.

  • Is real estate bubble big enough to naturally burst in'14? Jan 15, 2014 12:39 PM IST

    Is real estate bubble big enough to naturally burst in'14?

    It is very difficult to forecast anything in India as the real estate market is not subject to a fixed pattern. A great degree of political uncertainty, liquidity issues, high interest rates and cautious sentiments are expected to underpin the real estate sector in 2014 too.

  • Checkout: How India's realty sector performed in 2013 Dec 31, 2013 05:26 PM IST

    Checkout: How India's realty sector performed in 2013

    Monetary tightening resulting from RBI‘s measures to control inflation was the major macro influence on the real estate business in India, through most part of the year.

  • Inefficient governance led to gloomy housing scene: CREDAI Dec 03, 2013 09:48 PM IST

    Inefficient governance led to gloomy housing scene: CREDAI

    Lalit Kumar Jain, Chairman, CREDAI says in Mumbai alone, there was a 40 percent drop in projects that applied for approvals during the first nine months of 2013.

  • Realty sector in doldrums as PE players take exit route Oct 31, 2013 09:48 PM IST

    Realty sector in doldrums as PE players take exit route

    Real estate sector may be seeing some trouble as foreign investors are being cautious of the sector. The area is seeing an exodus from private equity players and is forcing entities to raise money via different routes.

  • The need to have FDI in real estate sector Aug 06, 2013 06:26 PM IST

    The need to have FDI in real estate sector

    Shobhit Agarwal of Jones Lang LaSalle India explains about the need to introduce foreign direct investment in the real estate sector. He cites the rise in input and developmental costs as few of the reasons for the same.

  • HDFC's Deepak Parekh slams authorities for realty blues Jun 21, 2013 03:10 PM IST

    HDFC's Deepak Parekh slams authorities for realty blues

    The real estate sector, which has not yet showed any sign of revival is lacking transparency. The authorities need to pull up their socks through a slew of reform measures like fast-paced approval process, Land Acquisition Act and the real estate regulator, HDFC chairman Deepak Parekh said in the annual report of the company.

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