Property News from IndianRealtyNews |  |
- Ahmedabad’s First IT SEZ to be Fully Operational in March 2011
- Urban India Relying Less on Bank Finance for Housing Needs
- Developers Worried Over Higher Construction Costs and Low Margins
| Ahmedabad’s First IT SEZ to be Fully Operational in March 2011 Posted: 16 Nov 2010 01:34 AM PST The 3rd Eye Voice IT SEZ, city’s first IT/ITES special economic zone (SEZ), is all set to become operational in March 2011. Already around 100 small companies functioning from different locations under Software Technology Park of India (STPI) scheme are planning to shift into the upcoming Rs 550 crore project. Another two city-based companies, Elitecore [...] |
| Urban India Relying Less on Bank Finance for Housing Needs Posted: 16 Nov 2010 01:20 AM PST Only 25% of urban Indians have used bank finance to invest in a house, government data released on Monday showed. Instead, over 61% of the cost of houses built by families across urban India was financed by themselves. This means India is quite removed from the build-up of sub-prime lending bubble as of now. The [...] |
| Developers Worried Over Higher Construction Costs and Low Margins Posted: 16 Nov 2010 01:13 AM PST While higher land prices and raw material costs could put profitability of companies under pressure, a steep rise in borrowing costs is likely to hurt demand. The BSE Realty index fell 11 per cent over the last month and eight per cent over the week as real estate companies reported margin pressures in the September [...] |
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