real estate
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Govt double-booster may not be enough
Bankers expect RBI to drop rates though there may not be any increase in aggregate liquidity as banks are parking surplus funds with the central bank. Some sectors like the small and medium enterprises, real estate have not been getting adequate funds and RBI may extend a refinance line or special facility whereby they can borrow at a subsidised rate.
Realty sector waits for good news
One wants property price or interest rates to go down because real estate market is uncertain. Building more with less | Tracking one’s credit footmarks is possible
Still lot of pain in realty: Piramal
Rajeev Piramal, Executive Vice Chairman, Peninsula Land, says that there is still a lot of pain in real estate sector and there is a lot the govt can do.
Realty stocks make good recovery
Real estate stocks made decent recovery on expected relief. Dalal Street hoped for incentives for low-cost housing and lower interest rates for buyers as well as developers.
Govt readies Rs 75K cr booster dose
Apart from this stimulus package, separate package are likely to be announced for textiles & real estate sectors. Impact of credit crisis |
Steps to beat crisis
Realtors look at ‘affordable’ flats for cash flows
After launching mid-income houses, real estate companies are now targeting low-priced homes in the sub-Rs 10 lakh category to improve cash flows and beat the slump in the property market that has been
MARG to develop greenfield airport at Bijapur
Chennai-based MARG Ltd, infrastructure and real estate development company, has been awarded the contract for development and operation of the greenfield airport at Bijapur by the Karnataka government
No revival in realty demand post price cut by developers
Following the recent call by CREDAI, or Confederation of Real Estate Developer\’s Associations of India, to reduce prices, real estate developers have reduced prices to the tune of 2025%.But CNBCTV18s Vineetha Athrey finds out the price reduction has not really resulted in revival of demand.
Schwing Stetter’s revenue may dip on realty slump
Bangalore, Dec. 3 The slump in some real estate markets could result in about 25 per cent dip in revenues for readymix concrete equipment company Schwing Stetter India, a 100 per cent subsidiary of Schwing Gmbh, Germany.
Mir Realtors entering budget housing sector
Kochi, Dec. 3 Mir Realtors, the construction and real estate arm of the South India based Mir Group, is planning to enter the budget housing sector shortly.