Emaar MGF plans new houses for mid-market segment in Mohali - 6 Jun, 2008Real estate developer Emaar MGF Land on Friday announced plans of residential apartments 'The Terraces' in Mohali aimed at the mid-market segment.A part of 'Mohali Hills'--a 3,000-acre integrated township, 'The Terraces' will house three independent dwelling units. The unit on the ground floor is priced at Rs 46 lakh, while the ones on first floor and second floor comes at a cost of Rs 38 lakh Rs 36 lakh respectively, said a company release.Uppal to invest Rs 250 crore in housing project - 6 Jun, 2008NEW DELHI: Real estate firm Uppal Housing on Friday said it would develop a housing project in Faridabad (Haryana) at an estimated investment of Rs 250 crore. The project 'Uppal's Jade' would be developed over 13.25 acres of land with total saleable area of 1.2 million sq ft."The group-housing project will be developed with an estimated investment of Rs 250 crore," the company said in a statement. The project has been launched at Rs 1,950 a sq ft. PEs seek higher returns as realty market tumbles7 Jun, 2008 NEW DELHI: There’s nothing stopping the ongoing slump in the real estate market. Analysts say land values and the selling price of real estate projects across the country are expected to slide further. At the same time, investors are becoming more cautious in the face of the rising cost of money and growing market risks.The high-risk scenario has resulted in private equity (PE) players increasing their internal rate of return (IRR) expectations from projects. A big PE player says its expectation are up from 20-25% about a year ago to around 25-30%. Real estate growth impacted due to high interest rates: ICICI - 5 Jun, 2008 MUMBAI: Leading home loan lender ICICI Bank on Thursday said that growth in the real estate sector has been impacted due to high interest rates and prices but maintained that there was no asset bubble in the sector. "Clearly there is a slowdown in the number of deals ...interest rates have gone up from eight per cent in the past to now 12 per cent and prices too have gone up but an asset bubble is not there," ICICI Bank Joint Managing Director Chanda Kochhar said.
Emaar MGF plans new houses for mid-market segment in Mohali - 6 Jun, 2008
Real estate developer Emaar MGF Land on Friday announced plans of residential apartments 'The Terraces' in Mohali aimed at the mid-market segment.A part of 'Mohali Hills'--a 3,000-acre integrated township, 'The Terraces' will house three independent dwelling units. The unit on the ground floor is priced at Rs 46 lakh, while the ones on first floor and second floor comes at a cost of Rs 38 lakh Rs 36 lakh respectively, said a company release.
Uppal to invest Rs 250 crore in housing project - 6 Jun, 2008
NEW DELHI: Real estate firm Uppal Housing on Friday said it would develop a housing project in Faridabad (Haryana) at an estimated investment of Rs 250 crore. The project 'Uppal's Jade' would be developed over 13.25 acres of land with total saleable area of 1.2 million sq ft."The group-housing project will be developed with an estimated investment of Rs 250 crore," the company said in a statement. The project has been launched at Rs 1,950 a sq ft.
PEs seek higher returns as realty market tumbles7 Jun, 2008
NEW DELHI: There’s nothing stopping the ongoing slump in the real estate market. Analysts say land values and the selling price of real estate projects across the country are expected to slide further. At the same time, investors are becoming more cautious in the face of the rising cost of money and growing market risks.The high-risk scenario has resulted in private equity (PE) players increasing their internal rate of return (IRR) expectations from projects. A big PE player says its expectation are up from 20-25% about a year ago to around 25-30%.
Real estate growth impacted due to high interest rates: ICICI - 5 Jun, 2008
MUMBAI: Leading home loan lender ICICI Bank on Thursday said that growth in the real estate sector has been impacted due to high interest rates and prices but maintained that there was no asset bubble in the sector. "Clearly there is a slowdown in the number of deals ...interest rates have gone up from eight per cent in the past to now 12 per cent and prices too have gone up but an asset bubble is not there," ICICI Bank Joint Managing Director Chanda Kochhar said.