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CHD Developers to invest Rs 350 crore in new project in Gurgaon
Posted on May 27, 2015

NEW DELHI: Realty firm CHD Developers Ltd today said it will invest about Rs 350 crore over the next four years to develop a housing project in Gurgaon.

In a filing to the BSE, Delhi-based developer said that the company will come up with a new project in Sohna, Gurgaon.

"The land is spread over an area of 10.025 acres with a total saleable area of approx. 10 lakh sq ft. The project is under joint development and CHD holds 68 per cent of the total project," it added.

When contacted, company's MD Gaurav Mittal said the company has tied with a land-owner to develop this project, which will comprise of 1,380 housing units.

He said the company would start construction in the next four months after obtaining the environment clearance and the project would be completed in four years after that.

Asked about investment, he said, "The project cost will be about Rs 300-350 crore". The cost will be met from internal accruals, bank debts and advances from customers.

Mittal said this would be the fourth project of the company in Gurgaon. The company is also developing a township project at Karnal.

CHD Developer's share price today rose by 9.74 per cent to close at Rs 19.15 apiece on the BSE.

Home prices hit roof, but affordability near its best: HDFC
Posted on May 27, 2015
NEW DELHI: Housing prices have risen to record high levels, but increase in disposable income of the homebuyers has made the purchase of a house most affordable in over a decade, according to mortgage giant HDFC Ltd.The average property value of housing units has appreciated to an all-time high of over Rs 52 lakh, while the annual income of the hom ...

Essel Finance to deploy Rs600 crore for residential projects
Posted on May 26, 2015
Bengaluru: Essel Finance Advisors and Managers Llp, the private equity (PE) arm of Subhash Chandras Essel Group, is planning to extend Rs.600 crore debt finance to property developers as part of its real estate focus, a top executive said.Essel Finance Advisors, which has already invested around Rs.250 crore in Mumbai, Bengaluru, Pune and the Nati ...

Eden Group Launches New Residential Project - Eden Tolly Signature Plus
Posted on May 26, 2015
Based in Kolkata, Eden Group is a real estate company, committed to delivering great value to their customers in Kolkata. Recently, they have launched their new residential project, Eden Tolly Signature Plus at slashed down prices.This press release was orginally distributed by ReleaseWireKolkata, West Bengal -- (ReleaseWire) -- 05/15/2015 -- Based ...

Nitesh Estates Acquires Pune Shopping Mall for Rs 250 crore
Posted on May 19, 2015
Bangalore based premium property developer; Nitesh Estates announced its entry into the Pune market. With the acquisition of 1 million sq. ft., the Koregaon Park Plaza Centre an A grade shopping mall, spread over 6 acres in prime upscale locale of Koregaon in Pune, Nitesh Estates has achieved yet another milestone in its decade old presence in Indi ...

Property prices rise 10% CAGR in 4 years
Posted on May 19, 2015
According to Reserve Bank of Indias (RBI) All-India Residential Property Price Index, in the past 19 quarters, the housing market has witnessed an upward trend in prices. It was released on 7 May along with the survey, Recent Trends in Residential Property Prices in India: An exploration using housing loan data. The realty index showed a compounde ...

CHD launches CHD Resortico
Posted on May 15, 2015
CHD, one of the leading Real Estate developer in Northern India today announced the launch date of its forthcoming project ďCHD ResorticoĒ on 15th May, 2015. Strategically located with just 10 minutes drive from the thriving city of Gurgaon, CHD Resortico features reasonably priced Smart One Bedroom Serviced Apartments, for the young and agile. The ...

Ishanya: Mall for Home Interiors & Design
Posted on May 15, 2015
Ishanya - India's 1st & largest revolutionary concept destination mall for Home Interiors & design, is an incredible fusion of home, fine dining, entertainment, events, art and culture. Spread over an impressive 6,00,000 sq. ft, Ishanya is truly a work of art in terms of its architecture & structure. With an assortment of over 50 internationally es ...

Prahladnagar: A commercial and residential hub
Posted on May 15, 2015
AhmedabadAhmedabad, traditionally well-known as the educational hub in the country, is now emerging as an ultra-progressive commercial destination in the state.As a result, the real estate of Ahmedabad is certainly on an upswing with the growth of industrial activity in and around the city.Not only the commercial but the residential realty market i ...

Housing price inflation declines to 4-year low: RBI
Posted on May 15, 2015
Housing price inflation has slipped to nearly four-year low to below 4 per cent, a survey by the Reserve Bank said on May 7. It said that housing prices rose by 61 per cent during the last four and half years, with Jaipur recording the highest growth of 78 per cent. These findings are based on a RBI survey covering transaction level data on housing ...

Boom in commercial realty
Posted on May 15, 2015
The commercial segment holds scope for both capital appreciation and regular income through monthly rentals.With a stable central government, outlook for the real estate sector looks positive once again, and has resulted in a renewed sense of confidence. However, escalating residential property prices, low appreciation levels and increasing risk at ...

Home loans business boomed in FY15
Posted on May 15, 2015
CHENNAI: A revival in economic sentiment, rising income levels of borrowers and cooling property prices have resulted in mortgage lenders reporting double-digit growth in disbursements. Take HDFC, India's largest mortgage player. The lender has witnessed 16% growth in individual loan disbursements last fiscal, with the average home loan ticket size ...

Is buying a property in Bhiwadi a good idea?
Posted on May 15, 2015
Though many buyers interest in Bhiwadi comes from Delhi NCR, we cannot say that the entire national capital and its suburban areas are convinced in investing in Bhiwadi. There are many reasons to why making an investment in Bhiwadi seems a good idea.Click here to know what housing options are available in Bhiwadi?The region seems to be capitalisin ...

Mumbaikars prefer Parelís residential properties
Posted on May 15, 2015
MumbaiAny housing locality close to south Mumbai, has become a raging choice of residence for Mumbaikars. Parel is no exception. However, Parel stands out from the other residential areas for its interesting mix of pocket-friendly rental accommodations on offer, new housing options, amenities being provided, good connectivity and an established soc ...

Right time to buy premium houses in Hyderabad is now
Posted on May 14, 2015
Hyderabad is touted to be one city that offers luxury housing within an affordable range. Add to that a healthy stock of premium properties in the market, and it seems a perfect setting to finalise your dream home in the city.Have you been looking for a home in the premium segment in Hyderabad? Well, this might just be a good time to end your wait ...

Real estate stakeholders sentiment continues to fall: FICCI-Knight Frank
Posted on May 13, 2015
NEW DELHI: Developers across the top six cities of the country--Mumbai, NCR, Bengaluru, Chennai, Hyderabad and Puneóare continuing to restrict new residential project launches because of an oversupply situation over the last 8 quarters, said Samantak Das, chief economist and director research at property advisory firm Knight Frank India.New launche ...

Bank of India cuts lending rate by 0.25%
Posted on May 07, 2015
State-owned Bank of India today reduced the base rate or the benchmark lending rate by 0.25% to 9.95% which will make auto, home and other loans cheaper.The new rate will come into effect from May 4."The Bank has decided to reduce its Base Rate by 25 basis points to 9.95% (from existing 10.20%) w.E.F. May 4, 2015," the Bank of India said in a BSE f ...

Emerging localities good for investors
Posted on May 07, 2015
BangaloreA property works best as a long-term investment option. Increasingly, property is being viewed as a must-have asset in a portfolio targeting long-term capital gains.Most high net worth individuals have for long planned property as part of their investment basket. It is also recommended as a wealth building option that comes in handy as a p ...

Godrej Properties plans to launch 14 projects in FY16
Posted on May 07, 2015
MUMBAI: Godrej Properties, the real estate development arm of the Godrej Group, is looking to launch a total of 14 projects during the current financial year ending March 2016, said a top official of the company."These new launches will be across the country with main focus on Mumbai and National Capital Region," Pirojsha Godrej, Managing Director ...

Maharashtra government mulls legislation to block profiteering from SEZ land sale
Posted on May 07, 2015
MUMBAI: The Maharashtra government will soon introduce a special legislation to deter companies that have been allotted land under the SEZ Act for industrial activity, but have done nothing so far, from selling the land at a higher price.Termed 'SEZ Prevention of Land Speculation Bill', which is likely to come into effect in six months' time, will ...

Recent Articles
CHD Developers to invest Rs 350 crore in new project in Gurgaon
Home prices hit roof, but affordability near its best: HDFC
Essel Finance to deploy Rs600 crore for residential projects
Eden Group Launches New Residential Project - Eden Tolly Signature Plus
Nitesh Estates Acquires Pune Shopping Mall for Rs 250 crore
Property prices rise 10% CAGR in 4 years
CHD launches CHD Resortico
Ishanya: Mall for Home Interiors & Design
Prahladnagar: A commercial and residential hub
Housing price inflation declines to 4-year low: RBI

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