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Ozonegroup Plans Residential Project in Chennai

June 29, 2009

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Real estate firm Ozonegroup is all set to commence its Rs 2,500 crore residential project in the city on 42 acres of land. The project, ‘The Metrozone’ at Anna Nagar, would have 1,600 apartments across 29 towers. “This is our flagship project in city and the total project cost is Rs 2,500 crore’’, Ozonegroup Managing [...]

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Slow Growth in Real Estate Coimbatore

June 29, 2009

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Laxity in promoting Coimbatore as next IT destination after Chennai,time-consuming approval process, speculative land prices, conservative nature of people and lack of political clout are some of the key reasons identified behind the sluggish growth in real estate in the techcity. Speakers at a forum organised by Confederation of Indian Industry (Coimbatore) and Jones Lang [...]

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Slowdown Forces DLF, Raheja to Surrender SEZs

June 2, 2009

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Till last year, Special Economic Zones (SEZs) were the flavour of the season. But for some developers, the downturn in the global economy is now forcing them to surrender their SEZs despite having received formal approvals from the Centre. On Tuesday, the Board of Approval of the ministry of commerce and industry in Delhi will [...]

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CRISIL Grades Mumbai Based Valuers

June 2, 2009

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Credit rating agency CRISIL has started grading real estate valuers with the very first grading announced for a Mumbai based valuer. The grading of real estate valuers is expected to facilitate benchmarking for the valuers and also help banks, housing finance companies, real estate mutual funds, select real estate valuers for specific valuation assignments. The [...]

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DLF’s Garden City in Old Mahabalipuram Road near Chennai

April 21, 2009

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At DLF’s Garden City-branded project on Old Mahabalipuram Road near Chennai, around 560 customers want to exit from the project. While DLF Ltd, the country’s largest listed developer, maintains its cash flow will not be impacted by a mass exit of buyers from its projects in Chennai and Gurgaon, analysts have started to factor in [...]

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Puravankara Builders in Bangalore Faces challenges

April 21, 2009

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Bangalore’s Puravankara Projects Ltd has said its outlook for sales in ongoing projects are far from optimistic, largely in line with a slump in India’s realty sector following an economic slowdown. “Puravankara, as distinct from Provident, has not seen sales that may make us feel that happy days are here again,” chief financial officer Ravi [...]

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9% Rise in Realty Stocks

April 17, 2009

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They may be bogged down by debt and demand slowdown. But real estate stocks have suddenly caught the fancy of investors with top companies in the sector emerging as major gainers when sensex breached the 11000-mark on Wednesday. The BSE Realty Index was the topper among sectoral indices closing the day 8.79% higher. Sensex ended [...]

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DLF Gurgaon: buyers want their money back

April 15, 2009

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As we are aware of the real estate slow down, there is lot of news coming out as the buyers are desperate want their money back if the project is not completed on time. DLF, india’s largest real estate company is facing tough time after its credit crumch and mass layoffs. Now, the gurgaon buyers [...]

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What is Reverse mortgage?

April 6, 2009

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Introduction In this article I will be writing about the reverse mortgage which is just opposite to the what we all known as the home loans and mortgage. The reverse mortgage is suitable for the retired and old people. This article will explore the purpose of reverse mortgage and advantages of it. Please post your [...]

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DLF Reduces Home Prices in Gurgaon

April 2, 2009

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In the couple of weeks back dlf has slashedhome  prices in the bangalore apartments. It seems now the good time is for customers because most of the builders are reducing the prices. Many builders offering cars and special gifts for theose who are booking the aprtments early. DLF is the latge real estate company in [...]

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