Affordable housing to play key role in 2010, says CREDAI

Affordable housing segment will play a key role in driving growth for India`s real estate sector in 2010 on the back of pick up in demand, a top industry body has said.

Godrej Properties to raise upto Rs 3,000cr for expansion

After its Rs 462-crore initial share sale, the real estate developer Godrej Properties said it plans to raise around Rs 3,000-crore through debt or equity to fund its expansion plans over the next two-three years.

Retail real estate yet to recover fully: CB Richard Ellis

A recovery in the retail real estate segment hinges on availability of spaces at competitive rates and improvement in consumption, global consultant C B Richard Ellis has said.

Mall space dips by over 60 pc, B`lore leads with 80pc

Supply of fresh mall space in the eight major metros saw an over 60 per cent decline from the projected supply during the year.

Telangana effect: Property prices zoom in Vijayawada

Property prices in Vijayawada have spiked nearly 20 percent in one month as realtors have shifted their focus to the coastal city, anticipating that it would become the capital of Andhra Pradesh if Telangana is formed.

After dismal year, realty firms see ray of hope in 2010

Indian realty industry faced a major crisis this year, not just because of a sharp fall in demand but due also to high cost of credit in executing ongoing projects.

Dubai World poised to press for loan extensions

Debt-ridden conglomerate Dubai World is expected on Monday to ask key creditors for more time to pay off its loans, but leave them none the wiser concerning their prospects of being paid back in full.

Dubai Holding will not sell Jumeirah to repay its debt: Exec

Dubai Holding will not sell its "seven-star" hotel chain `Jumeirah` to repay its USD 1.9 billion debt, which is maturing next year, luxury hotel chain`s Chairman has said.

ICICI Bank to focus on home-loans as real estate picks up

ICICI Bank, on Friday said it is focussing on the home-loan
segment as the real estate segment is witnessing a comeback
after the economic slowdown.

Nakheel posts USD 3.65 bn loss in H1 `09

Nakheel PJSC, the real estate company
of debt-laden conglomerate Dubai World, has reported a loss of
13.4 billion dirhams (USD 3.65 billion) in the first half of
this year.

Some of upcoming real estate IPOs may falter: Consultant

A couple of real estate IPOs may
falter from around 15 lined up in the next few months if the
issues are not reasonably priced, a realty consultant said.

DLF back on hiring ways to match growth

Buoyed by the recovery in the real estate sector, realty giant DLF on Thursday said it will hire people to sustain growth of the company.

Raymond gets shareholders nod to enter real estate biz

Shareholders of Raymond, which is
mainly into textile business, have approved the company`s move
to enter the real estate sector.

Realtors back in capital market, to raise Rs 11,000 cr via IPO

Major realty firms, including Emaar MGF and Sahara, on Tuesday approached market regulator SEBI for public offerings to raise collectively an over Rs 11,000 crore.

Govt to bring Real Estate Regulation Bill

Govt is working on a model
Real Estate Regulation Bill to set guidelines for making this
sector transparent and competitive.

Rich, powerful flouting laws for real estate construction

The Supreme Court on Wednesday came
down heavily on economically affluent people, bureaucracy and
civic body officials for mushrooming illegal real estate
construction in the country.

North East`s biggest real estate project announced

Emaar MGF Land, one of the largest
real estate developers in the country, would set up a
residential complex here at an initial investment of Rs 400
crore.

Omaxe to develop Rs 250 cr township project in Vrindavan

Realty player Omaxe on Thursday said it has received approval from the Mathura-Vrindavan Development Authority, Uttar Pradesh, for the construction of township with an investment of Rs 250 crore.

DLF bags 350 acres land in Gurgaon for Rs 17.5 bn: Report

DLF Ltd, India`s top listed realty firm, has emerged as the sole bidder to qualify for developing 350.7 acres of prime land in a New Delhi suburb, local newspapers reported on Wednesday.

Real estate lawyers hard hit by economic crisis

The heady days of the real estate boom are over for most lawyers who made quite a packet dealing with clients on the lookout for purchasing land, with most of them having to deal with petty cases now.