CREDAI Bangaluru and its affiliates, in a move to make an urgent appeal to the administration, had shut down all operations across all member companies on October 13 as a mark of respect and solidarity to Late Mr. Suraj Parmar of the Cosmos Group, who tragically ended his life recently. Suraj Parmar was a well-known name in the […]
Featured Archive
October 16, 2015 10:35 am
Mumbai: 3500 cr joint project by DB Realty & Radius Group
MIG (Bandra) Realtors & Builders, a subsidiary of DB Realty is looking to enter into a joint venture agreement with Vishwaroop Estates and Developers owned by sanjay chhabria radius developers’s Radius Group for a housing project in Bandra, Mumbai with estimated sales revenue of Rs 3,500 crore. In this co-branded project, both the parties would […]
October 15, 2015 10:00 am
Buying a distressed property? Here’s what you should know.
What is a distressed property? Although rare, a distressed property is one where the owner has borrowed against property to acquire the asset and has not been able to repay his debt obligations. If the borrower fails to service the loan for 4-5 consecutive cycles, the property is seized by the bank as collateral. The […]
October 14, 2015 6:00 pm
‘B’ + for Indiabulls real estate by Fitch
Fitch Ratings have affirmed Indiabulls Real Estate’s Long-Term Foreign-Currency Issuer aDefault Rating (IDR) of ‘B+’ with stable outlook. The agency attributed this rating to the company’s debt reduction measures, diversified land bank and improvement in credit metrics. Fitch is anticipating Indiabulls Real Estate’s net debt to reduce to around Rs 4,800 crore by end-FY16 from […]
October 14, 2015 10:35 am
Mumbai: Builders hold peaceful march against corruption
Usually, the builder community refrains from any protest against the government. However, on October 13, Maharashtra Chamber of Housing Industry (MCHI) and its associate organisations held a peaceful march to show their disapproval & express solidarity on the recent suicide of Thane-based developer Suraj Parmar. Most of the construction sites and offices belonging to […]
October 12, 2015 10:30 am
Will this Diwali bring cheer to real estate?
Almost every industry in the domestic circuit rakes in the moolah during the Diwali time because the sales go up. Every company looks forward to this festival in the country. Real estate however, has been an exception to this trend. “A research on the demand for residential real estate during the past five years shows […]
October 10, 2015 6:00 pm
Festive cheer may overlook the realty sector
Despite real estate developers trying all kinds of marketing gimmicks like funding schemes with upfront payment as low as 5 percent of home price, interest waiver for 2-3 years and freebies, sale velocity has not picked up. The residential property market has been deserted- by investors due to slow moving market with stagnant or dipping […]
October 10, 2015 10:00 am
Square Yards, the online broker community goes mobile
Just like how Uber & Ola brought about a change in the lives of the cab drivers, life of a real estate agent is all set for a major transformation. A road show was conducted by Square Yards, a real estate start-up in Noida to add new brokers to its Square Connect program. The company […]
October 6, 2015 6:00 pm
Cash in on real estate – take a home loan in 2015
A good price appreciation on your property is undoubtedly the biggest opportunity to gain. Moreover, you can save on taxes, on interest repayments on an ongoing basis. Real estate is among the most complex asset classes and can have an asymmetric payoff during good times. Besides the pride of ownership, purchasing a house is also […]
October 6, 2015 10:00 am
TREDA’s three-day property show a big hit in Telangana
The effect of a cut in home loan interest rates by RBI last week was palpable at the Telangana Real Estate Developers Association’s (TREDA) Property Show. The exhibition which concluded at Hitex, Madhapur on Sunday, was a big hit with more than 70,000 prospective home buyers visiting it. “This is the sixth time we have […]