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Real Estate Bubble Building- NHB Cautions Banks
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The National Housing Bank (NHB), the
regulator for housing finance companies, on Monday advised lenders to
exercise caution on lending to high-value properties, even as it warned
that a potential real estate bubble was building as residential prices
in several regions in the country were breaching their lifetime highs.
“There is some sort of real [...]
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09/29/2010 02:08 AM
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Vascon Plans to Develop 105 Acre Township worth Rs 2,000-cr in Chennai
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Pune-based Vascon Engineers, plans to
invest Rs 2,000-crore to develop a 105-acre township in Chennai over
six-years, a top company official said. “We plan to develop a 105-acre
township, predominantly residential, at Oragadam on the outskirts of
Chennai in four phases. In all, we will develop around 10-million sq
ft,” Vascon Engineers’ Managing Director, R [...]
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09/29/2010 02:05 AM
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Godrej Observes High Growth Rate- Plans to Launch More Projects
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Speaking at the Reuters India Investment
Summit in Mumbai, Adi Godrej said the company, which is already
developing 90 million square feet across India, would announce about
five new projects this year in addition to five that have already been
announced.” Growth rates are very high, typically in 5 years we have
grown at a [...]
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09/29/2010 02:02 AM
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Delhi CM Blames Emaar-MGF and DDA for Commonwealth Games Mess
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Under fire from all quarters for the
mess surrounding the Commonwealth Games Village, Delhi Chief Minister
Sheila Dikshit trained her guns on the Delhi Development Authority (DDA)
and Emaar-MGF on Monday. The housing agency, which is under the Union
Ministry of Urban development with the lieutenant governor as its
controlling authority, was tasked to construct [...]
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09/29/2010 01:53 AM
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SBI Extends Special Home Loan Scheme till Dec 2010
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The State Bank of India (SBI), the
pioneer of the special home loan scheme, has extended its special home
scheme to December 31, 2010. “We did a cost analysis of our funds and
realised that it is possible to continue with the special home loan
scheme without being hit on our net interest margin,” a [...]
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09/29/2010 01:44 AM
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Omaxe bags Mohali Project
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Realty firm Omaxe has bagged Rs 70.4
crore infrastructure project from Greater Mohali Area Development
Authority (GMADA) for highway and bridge construction.
Omaxe Infrastructure & Construction (OICL), a wholly owned
subsidiary of the company, has got its first contract to construct
Highway and three high-level bridges in Punjab from GMADA, Omaxe said in
a statement.
The project [...]
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09/28/2010 05:50 AM
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Maytas Properties will have a strategic Investor Soon- Ved Jain
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A suitor or a strategic investor for
Maytas Properties will be finalised within a month or so, according to
Ved Jain, government — appointed director on Maytas Properties Board.
Speaking on the sidelines of Maytas Infra Ltd’s AGM, Jain said that
efforts are underway to bring in a strategic investor and help revive
the [...]
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09/28/2010 05:48 AM
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DLF Expecting Sales of Rs 8,500-9,500 crore in FY11
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Driven by a resurgence in the commercial
and luxury real estate segments, Delhibased DLF says it expects sales
of Rs 8,500-9,500 crore in FY11, a growth of 20 per cent to 30 per cent
over the previous year.
In 2009-10, the company reported sales of Rs 7,855 crore, down by 25 per
cent from Rs 10,431 [...]
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09/28/2010 05:44 AM
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