India Real Estate News Weblog

IRB Infra qualifies to bid for Rs 22,000 crore road project

Farooq M — Mon, 07 Sep 2009 10:32:00 GMT

IRB Infrastructure Developers said it has qualified to bid for projects worth Rs 22,000 crore from the National Highway Authority of India (NHAI) and Gujarat State Road Development Corp (GSRDC) among others. "As regards to the future growth opportunities...(read more)

UK real estate insolvencies doubled since Q3 2007

Farooq M — Mon, 07 Sep 2009 10:31:00 GMT

Real estate and construction firms have been the worst hit in Britain by the global downturn, with the number going bust more than doubling since the credit crunch started two years ago, according to a report on Friday. Some 1,573 companies in the property...(read more)

YSR's death may hit infra companies

Farooq M — Mon, 07 Sep 2009 10:30:00 GMT

The death of Andhra Pradesh chief minister Y S Rajasekhara Reddy in a helicopter crash this week is likely to affect infrastructure companies more than any other enterprise in the state, reports Business Standard. Reddy’s tenure was known for infrastructure...(read more)

Karnataka focuses on infrastructure development

Farooq M — Mon, 07 Sep 2009 10:29:00 GMT

Karnataka is focusing big on infrastructure development, if the plans and projects in the pipeline are anything to go by. According to V Madhu, principal secretary – Infrastructure Development Department, Karnataka Government, there are 224 projects...(read more)

Punjab to take up Rs 31,248 crore infra projects via PPP model

Farooq M — Mon, 07 Sep 2009 10:28:00 GMT

The Punjab Infrastructure Development Board (PIDB) will take up new projects under the public-private-partnership (PPP) mode valued at Rs 31,248 crore, reports Financial Express. According to the report, around 62 projects are on anvil. The most ambitious...(read more)

Jaiprakash Associates, IDFC to be included in CNX Nifty index

Farooq M — Mon, 07 Sep 2009 10:27:00 GMT

Infrastructure firm Jaiprakash Associates and core sector financier Infrastructure Development Finance Co (IDFC) are on their way to join the Nifty-50 club, the National Stock Exchange said on Friday. The two companies will be replacing of aluminium major...(read more)

Nagarjuna Construction to raise Rs 367 crore via share issue

Farooq M — Mon, 07 Sep 2009 10:27:00 GMT

Nagarjuna Construction said it will raise Rs 367.35 crore by way of private placement of shares with qualified institutional buyers. The board of directors have approved to allot 2,77,32,900 shares at Rs 132.46 a piece, totalling to Rs 367.35 crore by...(read more)

IIFCL eyes Rs 11,500 crore disbursal this fiscal

Farooq M — Mon, 07 Sep 2009 10:26:00 GMT

Government-owned India Infrastructure Finance Company Limited (IIFCL) expects to disburse close to Rs 11,500 crore this financial year. “Our disbursement so far this financial year has been close to Rs 6,300 crore. It was Rs 4,891 crore by the end...(read more)

Realty stocks continue to shine

Farooq M — Mon, 07 Sep 2009 10:25:00 GMT

Real estate stocks on Friday continued their upward march with few showing signs of weakness in what is seen as a range-bound market for now. The Realty Index too saw a minor upside at 4297.49 up 2.09 per cent over Thursday’s close. However, the...(read more)

Government recalls two directors from Maytas Infra board

Farooq M — Mon, 07 Sep 2009 10:24:00 GMT

The government has recalled two nominee directors, K Ramalingam and O P Vaish, from the board of Maytas Infra which was handed over to infrastructure major IL&FS on Monday. Two other government nominees, Ved Jain and Anil Agawaral, will, however,...(read more)

CHD’s latest project sold out in six weeks

Farooq M — Mon, 07 Sep 2009 10:23:00 GMT

CHD Developers, the New Delhi-based real estate company, has announced that its latest project ‘CHD Lifestyle’ comprising 138 residential units spread in an area of approximately 1,50,000 sq ft has been completely sold out within a span of...(read more)

Falcon Realty coming up with affordable green project in NCR

Farooq M — Mon, 07 Sep 2009 10:22:00 GMT

New Delhi-based Falcon Realty Services is coming up with a green residential complex, Gulmohar Woods, in the NCR region on National Highway 8. Meanwhile, it is a part of the developer's Global Eco-City mixed-use project spread over 500 acres, comprising...(read more)

Omaxe Pays Back Rs 201 Crore To Indiabulls

Ehsan M.W — Sat, 21 Mar 2009 11:00:00 GMT

Cash-strapped realty company, Omaxe has managed to pay Indiabulls Financial Services Rs 21 crore in December 2008. With this payment, Omaxe has been able to pay Rs 201 crore against the total loan of Rs 300 crore it took from the latter in December 2007....(read more)

Reduction in Property Tax On The Cards in Maharashtra

Ehsan M.W — Sat, 21 Mar 2009 10:58:00 GMT

As the property graph continues to go down, the state government plans to reduce the property rates in the Ready Reckoner to reflect reality. The reduction might well be in the range of 10 to 30 percent of the rates for various areas in the existing Ready...(read more)

Buyers In Pune Wait and Watch

Ehsan M.W — Sat, 21 Mar 2009 10:12:00 GMT

Buyers in Pune have adopted a wait-and-watch policy in an anticipation of a steep fall in prices as builders scramble to prevent a further slide. Statistics with the stamp registration controller's office suggest that property deals slowed down from...(read more)