In the next two years, prospect of cement companies may improve as supply pressure eases and demand rises, a research report by Credit Suisse shows. Cement firms have been battling supply glut because of excess capacity, which was built in anticipation of strong demand from the infrastructure projects
Tag: Real estate
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PE arm of HDFC may make first closing of realty fund
According to media reports, HDFC Property Fund may make first closing of its fourth real estate fund in March by raising $200 million from institutional and retail investors. The fourth real estate fund was launched late last year with a target size of $500 million and has promised to d
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Angel expects banking license norms to be a game changer
Angel Broking feels that the final new bank licensing guidelines released by the Reserve Bank of India (RBI) are potentially game-changing for the banking sector. The brokerage firm expects six to eight very serious corporates, with deep-pockets (far more than was earlier being anticipated), may get a banking license
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Report expects easing of home prices in Mumbai
In a research report on real estate sector, Kotak Institutional Equities said it expects property prices in key markets like Mumbai and national capital region to ease because of unaffordable prices, lower demand and liquidity issues. Prices in Mumbai, Gurgaon rose earlier because of delay in the launch of new projects, the report said. Laun new projects, the report said. Laun
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Report expects easing of home prices in Mumbai
In a research report on real estate sector, Kotak Institutional Equities said it expects property prices in key markets like Mumbai and national capital region to ease because of unaffordable prices, lower demand and liquidity issues. Prices in Mumbai, Gurgaon rose earlier because of delay in the launch of new projects, the report said. Laun new projects, the report said. Laun
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Uttarakhand govt to introduce housing policy
In order to clear some of the impediments to housing projects in the state, Uttarakhand government decided to introduce a Housing and Urban Development policy. The proposed policy would be prepared and a separate authority with zonal units will be set up to remove the usual bottlenecks faced by people in clearance of housing maps both in private and group housing projects, simplifying the
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Lack of civic infra hinders housing projects in SEZs
Real estate developers feel that one of the key impediments in setting up affordable houses in Special Economic Zones (SEZs) is lack of basic civic infrastructure. Developers also opined that the new industrial policy of the Maharashtra government earmarking 40 percent of land for SEZs might not see substantial land being used for housing purposes in Pune district. Maharashtra Industrial Development Corporation (MIDC) feels that majority of the notifi
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NHB expects further easing of home prices
RV Verma, Chairman and Managing Director of National Housing Bank (NHB) opined that the trend of easing prices of housing units may continue for some time. In the national capital region (NCR), he said, price correction has happened due to over supply. Some more correction may take place in the coming days
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Minister calls for revision of land use norms
Union Minister for Housing Ajay Maken stressed on the need to revise the floor surface index and land use norms in large cities, which do not have adequate open land for housing needs. He pointed that the centre cannot give any directive to the state governments in the matter of FSI and land use norms, but in the New Delhi master plan, whic
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Quote on RBI’s Credit Policy: CRR and repo rates slashed by 0.25%
Finally, we have the rate cut (start of the series of cuts that hopefully will follow over several quarters, influenced by the overall inflation situation and the economy's need to perk up growth rates) which coupled with the lower CRR should provide great relief to Real Estate industry reeling for quite some time now under the burden of huge debts on one side and poor cash flows caused by slowdown in sales.