Deepika Padukone is now a brand ambassador of a foreign real estate company. Dubai-based realty development cum brokerage firm, Aspire Real Estate, has announced Deepika Padukone to be their brand ambassador and new face of their company. Aspire is highlighting its Dh5.5 billion portfolio of real estate developments at prestigious locations within Dubai. Read More »
New Delhi:- Smarting under a correcting realty market and sluggish buying sentiments, real-estate players are scrambling to raise end-user demand through offers that promise to ease Equated Monthly Instalments burden until possession.
So, while realty companies together with Parsvnath Developers are broadcasting ‘No Equated Monthly Instalments until possession’, others such as BPTP and Gaursons are offering 2-yrs Equated Monthly Instalments holiday on specific projects.
“For those who are presently living on rent, the scheme makes logic as the Equated Monthly Instalments load kicks-off only after possession,” says Mr Amit Raj Jain. BPTP’s group housing project, ‘Resort’, in Faridabad offers a 2-yr ‘Pre-Equated Monthly Instalments interest’ to the bank on behalf of buyers.
Dr B.P. Dhaka, COO told that Parsvnath’s Sonepat project, ‘Parsvnath Preston’, reimburses the Monthly Instalments paid prior to possession. “Such value-addition is gaining popularity as the customer is motivated to make the down payment and can then relax till possession. From the point of view of the developer, it ensures timely completion of the project as the fund flow is assured.
KDP Infrastructure has announced that ‘No pre- Equated Monthly Instalments for 18 months’ upon payment of fifteen per cent of the booking amount on its ‘Grand Savanna’ project in Ghaziabad; Gaursons India makes a ‘No Equated Monthly Instalments till 24 months’ offer to buyers of ‘Gaur Grandeur’ at Noida; and JMD Gardens’ project in Gurgaon promises that Equated Monthly Instalments payment would start ‘only after house entry.
By manish
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Posted in Property News
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Tagged BPTP, Dhaka, Faridabad, Gaursons, ghaziabad, Housing Project, Jmd, noida, Parsvnath Developers, Realty, Realty Cos, Realty Market, Sonepat
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The transaction level has gone down drastically in various markets. It has resulted in price fall in realty market. This is also because residential capital values in some micro markets in the metros have shown a negative growth in the last 3 months. After tracking capital values in metros such as Mumbai, Chennai, Bangalore as well as Pune and the National Capital Region (NCR), the result was that either there has been a fall in prices of residential values or they have not increased in the last three months. In fact, places like Gurgaon have seen a down of 15 percent, while the plot rates have come down by 20 percent in Noida. In Greater Noida, the plots which were selling at Rs 55000 to 60000 are now available for Rs 40,000 to Rs 45,000. In Indirapuram, rates of flats have come down to Rs 2500 to Rs 2700 per square feet from Rs 3000 to Rs 3200 per square feet. Read More »
By Rajani
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Posted in Property News
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Tagged Amp, Bangalore, Capital, Friends Colony, Gk, Gurgaon, Hauz Khas, Metro, Ncr, noida, Prime Areas, Prithviraj, Pune, Realty Market
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Well popular land deal, BPTP, might be in trouble. According to top officials in the Noida administration as well as the real estate industry, the Delhi-based real estate firm BPTP is finding it extremely difficult to raise funds for buying the land. Read More »
Indiabulls Real Estate Ltd plans to invest 10 billion rupees to expand its retail business in the next 2-½ years. Mr. Gagan Banga, Group spokeman said that the real estate firm, which also houses the group’s retail and power businesses, expects lease rentals of 10 billion rupees from two of its properties under development in Mumbai by the end of the next financial year.
Mr. Banga, also the Chief Executive Officer of Indiabulls Financials Services Ltd, said that the finance firm plans to launch its first mutual fund scheme by October. Mr. Banga further said that the Indiabulls group plans to focus on agri-based spot trading for its proposed commodity exchange, which is awaiting approval from the commodities market regulator.
Fearing a supply glut in the housing and commercial property markets, real estate companies are pinning hopes on the booming hospitality sector.
It’s not that the trend has just set in. It has certainly gained momentum of late, with practically every developer announcing hospitality projects. Read More »
By Rajani
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Posted in Property News
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Tagged Amp, Commercial property, DLF, Hospitality Project, Hospitality Sector, Hotel Industry, Market, Parsvnath Developers Ltd, Purvankara Projects, Real Estate Companies, Real Estate Sector, Realtors
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Brigade Enterprises, a Bangalore-based real estate developer, has bagged 5 acres in Kochi to build up IT office space. The company acquired the land in the processing area of Kochi’s Info Park Special Economic Zone (SEZ).
Government of Kerala will develop IT Park in Kochi which will be known as Info park. For the project, the government has transferred hundred acres of land which is at present under the ownership of Info parks Kerala, an independent society owned by the state government.
“We have just got the bid and it is under the planning junctures to establish the price of the project. The built-up area is likely to be just about 4-5 lakh sq feet of IT office space and Brigade will co-develop the space along with Info Park, Kochi,” a senior Brigade company official said.
IT office project investment in Kochi is part of the company’s expansion plans in South India. The company all these years had been focusing only in Bangalore and Mysore, catering to IT and BPO sectors.
“This is for the first time we are increasing our base after having gained enough knowledge and expertise in managing a large number of domestic and global firms as our clients,” the official said.
Indiabulls Real Estate said the Justice of High Court of the Isle of Man in England has sanctioned the proposal to acquire 100% shares of Dev Development Property (DPD).
Finalization of the acquisition shall be competed by issue of fresh 13.8 crore shares of DPD and by canceling the old shares, it informed the stock exchanges.
Dev Property is listed entity at the Alternative Investment Market (AIM) of the London Stock Exchange.
It focuses on investment in commercial real estate developments for IT and ITes companies, and residential complexes in tier-1 cities in India. The firm has stake in some of Indiabulls’ projects in India.
The acquisition, announced a few months ago, is valued about $270 million.
By manish
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Posted in Property News
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Tagged Commercial Real Estate, Court Permission, Dpd, England, Estate Developments, High Court Of Justice, India, Indiabulls, Investment Market, London stock exchange, Residential Complexes, Stock Exchanges, Tier 1
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A week after Sebi announced guidelines for real estate mutual funds, officials at fund houses and real estate developers are awaiting clarity on certain issues before they go ahead with scheme launches. Industry experts point out that taxation, periodic calculation of net asset value (NAV), and absence of any benchmark indices are some of the contentious issues turning out to be stumbling blocks in the design of such products.
Mr. Pranay Vakil, chairman, KnightFrank India, asks that a quarterly valuation exercise would not be very easy to implement. “Let us assume that an REMF consists of 10 real estate assets and each asset has been acquired at different periods of a year. So, how one can calculate a composite NAV of fund, taking into consideration all these properties purchased?”. Read More »
By Rajani
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Posted in Property News
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Tagged Debt Fund, Equity Funds, Estate Asset, Estate Project, Industry Expert, Knightfrank, Long Term Capital, Long Term Capital gain, Property, Real Estate Developers, REMF
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The board of directors of Puravankara Projects has recommended a final dividend of forty percent, or two rupees share on equity share of five rupees each for the recent year. The payment is subject to the sanction of the shareholders at the yearly general meeting.
Read More »
By Rajani
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Posted in Property News
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Tagged Bse, Colombo, Company, Company Shares, Constructions, Dividend, Equity, General Meeting, Hyderabad, India, Kochi, Project, Puravankara Projects, Real Estate, Sanction, Share, Sri Lanka, United Arab Emirates
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