Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Home Loan Growth Expected this Festive Season

Posted: 06 Oct 2010 11:55 PM PDT

Notwithstanding rising interest rates, mortgage lenders continue to remain optimistic of strong loan growth in the festive season ahead. Banker and analysts said lower real estate prices , coupled with special interest rate schemes and higher salary payouts, are working in favour of strong home loan growth. “We are expecting a 22-25 % growth for [...]

Slum redevelopment Projects can Fuel Mumbai’s Property Growth

Posted: 06 Oct 2010 11:42 PM PDT

With not much undeveloped land left in Mumbai for fresh developments, the city's real estate growth will largely be propelled by the success of its many slum redevelopment schemes, according to a recent study. Despite high entry barriers, 52% of the upcoming realty projects in Mumbai, spread over 8,600 acres, are slum redevelopment schemes, brokerage [...]

Bangalore Based Developer Prestige Estates Sets Price Band of Rs165-180 for its IPO

Posted: 06 Oct 2010 11:33 PM PDT

Prestige Estates, the Bangalore-based real estate company promoted by Irfan Razack, is expected to set a price band of Rs165-180 per share for its initial public offer (IPO), which opens on October 12 and closes on October 14. The company plans to raise around Rs1,200 crore through the IPO. "The pre-money valuation of the [...]

Azure Capital to Invest in Real Estate Gujarat

Posted: 06 Oct 2010 11:29 PM PDT

Bangalore-based Azure Capital Advisors Ltd, a private equity firm for the real estate in India, is planning to invest around Rs 70-75 crore for realty projects worth Rs 200 crore in Gujarat. The company is interested in residential projects and plans to foray into cities like Ahmedabad, Vadodara and Surat. “We have launched an India [...]

23% Growth Expected in Residential Demand

Posted: 06 Oct 2010 11:24 PM PDT

India will need about 240 million sq. ft of commercial property and about 4.25 million units of residential real estate to meet the demand in four years between 2010 and 2014, a study conducted by realty services firm Cushman & Wakefield has said. About 70% of the total estimated demand for residential units during this [...]

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