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  • Bharti Realty to enter housing segment in 2015

    Rasul Bailay, New Delhi, The Financial Express

    September 30, 2011

    After striking it big with Bharti Airtel in telecommunications, Bharti group is now aspiring to be among the top three real estate companies in India in the coming years, according to a senior Bharti official. With several commercial and retail projects in hand, Bharti Realty, unit of Bharti Enterprises, is planning to enter the residential segment in 2015 with upscale homes. “Which cities to start with is yet to be decided. But it would be high-end residential wherever we do, at least in the initial stages,” the Bharti official said.

  • IndiaReit Plans 500-Cr Realty Fund

    Deepali Gupta, Mumbai, The Economic Times

    September 29, 2011

    IndiaReit Fund, a subsidiary of Piramal Healthcare, plans to raise a fund of . 500 crore starting next month to invest in commercial property. The company will also raise . 1,000 crore next year for development projects, primarily residential, its chief executive officer Ramesh T Jogani has said.

  • Realtors chant affordable mantra

    N V Vijayakumar and Umesh M Avvannavar, Bangalore, Deccan Herald

    September 29, 2011

    To lure the ever-burgeoning middle and upper middle class families, threatened by rising interest cost, real estate developers are trying to make residential apartments affordable. Termed ‘affordable housing’, such projects have become attractive mainly because thousands of buyers from middle class families buy their first home early in their career.

  • 44 SEZ Developers seek more time to implement projects

    New Delhi, Business Standard

    September 18, 2011

    Reflecting a lack of enthusiasm in special economic zones (SEZ), 44 developers, including Tata Consultancy Services (TCS) and Parsvnath SEZ, have sought more time from the government for implementing their projects.

  • RBI rate hike: Realtors warn of surge in housing prices

    New Delhi, The Financial Express

    September 16, 2011

    Housing prices are likely to go up on account of an expected rise in the developers' borrowing costs following the Reserve Bank of India's (RBI) decision to hike key interest rates by 25 basis points, but realtors do not foresee demand being dampened during the ensuing festive season.

  • Builders M3M, Lodha, Panchshil, Oberoi and others offer freebies to lure luxury home buyers

    Anuradha Himatsingka, Kailash Babar & Ravi Teja Sharma, The Economic Times

    September 13, 2011

    If buying a luxury home wasn't enough comfort, builders are throwing in free laundrette, high-tech car wash and even personalised stationery to please the well-heeled. In Gurgaon, developer M3M has recently launched homes based around the sport of Polo. Here, the developer has tied up with Polo player Adhiraj Singh, who runs Equisport Management, to offer Polo training and horse riding for home owners. Here, each apartment buyer will also be given personalised M3M Polo Suites stationery.

  • Attractive price & liquidity lure private equity firms to listed companies

    Shailesh Menon, Mumbai, The Economic Times

    September 09, 2011

    Decline in stock valuations and easier exit options are driving private equity firms to buy companies in the listed space.