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Puravankara Group forays into Hyderabad market with affordable homes
Posted on Sep 01, 2015

BENGALURU: Puravankara Projects has identified Hyderabad as one of the core markets over the next five years as part of its vision 2020 growth strategy.

Ashish Puravankara, managing director of Puravankara Projects said his company is very confident of the Hyderabad real estate market and its high potential for appreciation. "Real estate prices have been increasing gradually and are very affordable, offering great value for end users and investors," he said.

The group will shortly launch a large project under the Provident Brand in Rajendranagar on the PVNR Airport Expressway, through an innovative book building process.

"As a part of our growth strategy planned across cities over the next five years, we propose to launch around 12.5% of our total new projects in Hyderabad, with 5 million sq ft of Puravankara projects catering to the luxury residential segment, and 5 million sq ft under the Provident Premium affordable housing segment," he said.

The stable socio-political environment and the pro-growth outlook of the policy makers in Hyderabad is expected to trigger a multi-year economic growth and boost the Hyderabad market. With commercial real estate already seeing significant traction in the city, the residential market is expected to open up soon and offer vast opportunities for tier 1 development firms.


HDFC Bank Slashes Interest Rate, EMIs Set to Fall
Posted on Sep 01, 2015
In a huge relief for consumers, private lender HDFC Bank cut its base rate, or minimum lending rate, from 9.70 per cent to 9.35 per cent on Monday. HDFC Bank is the country's second largest private sector bank by assets.The surprise rate cut is likely to force other major lenders into reducing rates, analysts say. HDFC Bank competes with ICICI Bank ...

Property prices set to fall in Mumbai, Delhi NCR
Posted on Sep 01, 2015
With the festive season ro­und the corner, property developers are signalling a reduction in prices. And you don't have to wait for the festivities to begin before buying your dream house.Both bankers and realty developers agree that there is scope for bringing down prices in Mumbai and Delhi NCR if realtors sense that you are a genuine buyer, beca ...

New luxury apartment in Chennai for 75 lakh
Posted on Aug 28, 2015
Chennai,Dharani Developers Private Limited, a division of PGP Group of companies, has launched a premium residential community, PGP Oaks, in Chennai.The gated community in Ashok Nagar will have 112 luxury apartments built in an area of 1.20 lakh sq ft with the budget of 100 crores. The community will comprise of 72 two-Bedroom, Hall and Kitchen (BH ...

ICICI Bank launches ‘Mortgage Guarantee’ backed loans for affordable housing
Posted on Aug 28, 2015
ICICI Bank, Indias largest private sector lender, today launched the countrys first mortgage guarantee-backed home loan product that it claims to be more flexible in terms of both amount and tenure. Speaking at the launch of the scheme, ICICI Bank MD & CEO Chanda Kochhar said the home loan industry has been growing at 15 per cent for over 10 year ...

Palloor residents demand revision in land prices
Posted on Aug 28, 2015
KANNUR: The much delayed and discussed Thalassery-Mahe bypass road project, is heading for further complication, as the residents of Palloor in Mahe, through which the road would pass, have decided to demand the revision of the price fixed in 2011 and want four times the government-approved rate for land in 2015."Though the project was mooted in 19 ...

Residential Project Sobha Developers in Chennai
Posted on Aug 26, 2015
Chennais quickest developing private and business extend, the Old Mahabalipuram Road (OMR) brags of new private ventures coming up. One development emerges Sobha Meritta. Sobha Developers has added another quill to its top by offering the top of the line extravagance condo called Sobha Meritta. This new private venture situated at the picturesque ...

Commercial real estate up, residential down across major Indian cities, says report
Posted on Aug 26, 2015
MUMBAI: Average transacted office lease sizes across Mumbai, Bangalore, Chennai and Pune have increased from the uncertain times seen in 1Q14 - prior to the general elections, global property consultant JLL India said on Tuesday."Market morale was low in 1Q14, which could explain the lower sizes. Following elections in May 2014, however, market sen ...

Delhi-NCR, Mumbai among top 7 cities for affordable housing
Posted on Aug 26, 2015
Global real estate consultant Cushman & Wakefield in a report released in conjunction with CREDAI, at NATCON 2015 held in Istanbul, Turkey has said that it expects a strong demand in the top seven cities – Delhi-NCR, Mumbai (MMR), Bengaluru, Chennai, Hyderabad, Kolkata and Pune – that will drive the private sectors participation in creating afford ...

Commercial Spaces Ideal for Investments, Say Realtors
Posted on Aug 24, 2015
HYDERABAD: Normally, when people plan to  invest in properties, the first thing that comes to mind is residential properties. However, Hyderabads real estate developers feel that investing in commercial spaces will be a better option than residential homes.Realtors, though feel that due to lack of awareness among the general public, there are ...

Developments, prices make Lucknow attractive
Posted on Aug 24, 2015
Talk development and Lucknow doesnt lag behind. With the Public Investment Boards approval early this month, the nawabi city may soon witness the 23-km long North-South Corridor of Lucknow Metro.In another news, depositing house taxes may not be as cumbersome anymore, thanks to the Lucknow Municipal Corporations decision to take it online. Luckn ...

Property prices will never fall: Bengaluru realtor
Posted on Aug 24, 2015
Bengaluru, Aug 22: Real estate prices will never fall given the various taxes and guideline prices levied on property development, said a leading real estate player here. ”Almost 35 to 40 percent of a property cost is loaded with taxes. Stamp duty, service tax, tax, VAT and excise duty,” said Prestige Group CMD Irfan Razack on the sidelines of the ...

Urban affordable housing offers $12 billion opportunity for pvt sector
Posted on Aug 24, 2015
NEW DELHI: Urban affordable housing segment presents a $11.8 billion (Rs 75,800 crore) opportunity for the private sector, estimates real estate consultant Cushman & Wakefield in a report released in association with realtors body CREDAI.The consultancy, in a report released at NATCON 2015 held in Istanbul, pegs demand for affordable housing at 535 ...

Piramal to invest 200 cr in Dhobi Ghat project
Posted on Aug 24, 2015
Piramal Fund Management is investing 200 crore in Omkar Realtors Dhobi Ghat slum redevelopment project in Mumbai.The investment will be made in the proposed Saibaba Nagar SRA Coop Housing Society, commonly known as the Mahalaxmi Dhobi Ghat project, through the portfolio management service route.The century-old Dhobi Ghat is an open-air laundry are ...

SBI seeks nod to float teaser home loans at sub-base rate
Posted on Aug 21, 2015
State Bank of India (SBI) chairman Arundhati Bhattacharya on Thursday raised the pitch for re-introducing low-cost home loans that it had floated in 2010 in the aftermath of the global financial crisis, to kick start demand in the domestic economy.Popularly called 'teaser loans', these home loans carried low interest rate in the initial phase -- mo ...

Vastushodh launches largest affordable housing project
Posted on Aug 21, 2015
MUMBAI:Pune-based realty playerVastushodhProjects today said it has launched India's largest affordable housing project 'AnandGram' atBhandgaononPune-Solapurhighway. "We have launched India's largest affordable housing project 'AnandGram' at Bhandgaon on Pune-Solapur highway at affordable prices," Vastushodh Projects managing director Sachin Kulkar ...

SOBHA launches Boutique Homes – ‘Sobha Clovelly’
Posted on Aug 20, 2015
Sobha introduces the boutique living concept at Bengaluru whereby, each resident benefits from being part of a contemporary, stylish and exclusive development, strategically positioned within Bengalurus blue ribbon area (with close proximity to well established inner city suburbs such as Jaya Nagar, JP Nagar, Banshankari and Kadherinahalli). These ...

Serviced apartments make posh entry in Kolkata
Posted on Aug 20, 2015
KOLKATA: Check into five-star luxury living without checking into a hotel.Posh serviced residences, a concept relatively new to Kolkata, is already proving a big hit with Novotel, which has 48 apartments at its New Town property, recording a near sellout. Three more star residences are on the way that will take the inventory to over 330 apartments. ...

Pune-based developer offers interest free homes
Posted on Aug 20, 2015
Pune-based real estate developer, Guardian Developers, is launching interest-free housing, a concept that exists in the auto mobile and white goods sectors, into the residential real estate space.This scheme will give prospective buyers of choosing a unit from four projects that will soon be launched in Pune. Around 15 per cent of the total pool of ...

Builders Trim Average Flat Size by up to 26% in 5 Years: JLL
Posted on Aug 20, 2015
New Delhi: Average apartment sizes fell by up to 26 per cent in last five years across seven major cities in the country as developers are making smaller flats to boost their sales in a sluggish housing market, according to global property consultant JLL India.To beat slowdown in the real estate market, particularly the residential segment, builder ...




Recent Articles
Puravankara Group forays into Hyderabad market with affordable homes
HDFC Bank Slashes Interest Rate, EMIs Set to Fall
Property prices set to fall in Mumbai, Delhi NCR
New luxury apartment in Chennai for 75 lakh
ICICI Bank launches ‘Mortgage Guarantee’ backed loans for affordable housing
Palloor residents demand revision in land prices
Residential Project Sobha Developers in Chennai
Commercial real estate up, residential down across major Indian cities, says report
Delhi-NCR, Mumbai among top 7 cities for affordable housing
Commercial Spaces Ideal for Investments, Say Realtors

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