India Real Estate News Weblog

IRB Infra renews focus on road projects

Farooq M — Fri, 15 Oct 2010 12:36:00 GMT

Indian toll-road builder IRB Infrastructure Developers plans to renew its focus on road projects and has dropped plans to foray into power, while its cement plans are on hold, a top official told Reuters on Monday. "...There is a lot of orderbook...(read more)

Real estate emerging as significant asset class

Farooq M — Fri, 15 Oct 2010 12:29:00 GMT

While stocks and bonds have held their position as traditional investment instruments , investors are increasingly looking for alternate investments such real estate, hedge funds, private equity and exchange-traded funds (ETFs) to engineer an overall...(read more)

Demand-starved realty sector to get boost in 2010

Farooq M — Tue, 09 Feb 2010 09:35:00 GMT

The year 2010 appears to have brought cheers to the demand-starved realty sector. With signs of economic recovery emerging in the country, the real estate sector has been predicted to see increased business activities. According to global real estate...(read more)

IRB Infra qualifies to bid for Rs 22,000 crore road project

Farooq M — Mon, 07 Sep 2009 10:32:00 GMT

IRB Infrastructure Developers said it has qualified to bid for projects worth Rs 22,000 crore from the National Highway Authority of India (NHAI) and Gujarat State Road Development Corp (GSRDC) among others. "As regards to the future growth opportunities...(read more)

UK real estate insolvencies doubled since Q3 2007

Farooq M — Mon, 07 Sep 2009 10:31:00 GMT

Real estate and construction firms have been the worst hit in Britain by the global downturn, with the number going bust more than doubling since the credit crunch started two years ago, according to a report on Friday. Some 1,573 companies in the property...(read more)

YSR's death may hit infra companies

Farooq M — Mon, 07 Sep 2009 10:30:00 GMT

The death of Andhra Pradesh chief minister Y S Rajasekhara Reddy in a helicopter crash this week is likely to affect infrastructure companies more than any other enterprise in the state, reports Business Standard. Reddy’s tenure was known for infrastructure...(read more)

Karnataka focuses on infrastructure development

Farooq M — Mon, 07 Sep 2009 10:29:00 GMT

Karnataka is focusing big on infrastructure development, if the plans and projects in the pipeline are anything to go by. According to V Madhu, principal secretary – Infrastructure Development Department, Karnataka Government, there are 224 projects...(read more)

Punjab to take up Rs 31,248 crore infra projects via PPP model

Farooq M — Mon, 07 Sep 2009 10:28:00 GMT

The Punjab Infrastructure Development Board (PIDB) will take up new projects under the public-private-partnership (PPP) mode valued at Rs 31,248 crore, reports Financial Express. According to the report, around 62 projects are on anvil. The most ambitious...(read more)

Jaiprakash Associates, IDFC to be included in CNX Nifty index

Farooq M — Mon, 07 Sep 2009 10:27:00 GMT

Infrastructure firm Jaiprakash Associates and core sector financier Infrastructure Development Finance Co (IDFC) are on their way to join the Nifty-50 club, the National Stock Exchange said on Friday. The two companies will be replacing of aluminium major...(read more)

Nagarjuna Construction to raise Rs 367 crore via share issue

Farooq M — Mon, 07 Sep 2009 10:27:00 GMT

Nagarjuna Construction said it will raise Rs 367.35 crore by way of private placement of shares with qualified institutional buyers. The board of directors have approved to allot 2,77,32,900 shares at Rs 132.46 a piece, totalling to Rs 367.35 crore by...(read more)

IIFCL eyes Rs 11,500 crore disbursal this fiscal

Farooq M — Mon, 07 Sep 2009 10:26:00 GMT

Government-owned India Infrastructure Finance Company Limited (IIFCL) expects to disburse close to Rs 11,500 crore this financial year. “Our disbursement so far this financial year has been close to Rs 6,300 crore. It was Rs 4,891 crore by the end...(read more)

Realty stocks continue to shine

Farooq M — Mon, 07 Sep 2009 10:25:00 GMT

Real estate stocks on Friday continued their upward march with few showing signs of weakness in what is seen as a range-bound market for now. The Realty Index too saw a minor upside at 4297.49 up 2.09 per cent over Thursday’s close. However, the...(read more)

Government recalls two directors from Maytas Infra board

Farooq M — Mon, 07 Sep 2009 10:24:00 GMT

The government has recalled two nominee directors, K Ramalingam and O P Vaish, from the board of Maytas Infra which was handed over to infrastructure major IL&FS on Monday. Two other government nominees, Ved Jain and Anil Agawaral, will, however,...(read more)

CHD’s latest project sold out in six weeks

Farooq M — Mon, 07 Sep 2009 10:23:00 GMT

CHD Developers, the New Delhi-based real estate company, has announced that its latest project ‘CHD Lifestyle’ comprising 138 residential units spread in an area of approximately 1,50,000 sq ft has been completely sold out within a span of...(read more)

Falcon Realty coming up with affordable green project in NCR

Farooq M — Mon, 07 Sep 2009 10:22:00 GMT

New Delhi-based Falcon Realty Services is coming up with a green residential complex, Gulmohar Woods, in the NCR region on National Highway 8. Meanwhile, it is a part of the developer's Global Eco-City mixed-use project spread over 500 acres, comprising...(read more)