Construction sector among biggest contributors to Delhi’s GDP
New Delhi: The construction sector has contributed over Rs 30,000 crore to Delhi’s GDP of 3.13 lakh crore in 2011-12, retaining its position as one of the major driving forces of the city’s economy.
The sector added Rs 30,042 crore… Continue reading
CREDAI writes to Prime Minister seeking reforms in realty sector
NEW DELHI: The realty body CREDAI has written a letter to Prime Minister Manmohan Singh listing out concerns of the industry such as delay in project sanctions, liquidity crunch and high input cost and has sought various reforms to boost… Continue reading
No �resurgence� for realty sector
: According to the latest Economic Survey, the share of the housing sector to the overall GDP is likely to rise by one per cent to 6 per cent on increased investment. Currently, about 5 per cent of India
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Realty sector seeks relaxation in FDI, ECB norms
Mumbai: Realty sector, facing severe credit crunch due to higher interest rates that had forced the developers to scrap new launches, expects the Budget to relax the norms for repatriation of foreign direct investment (FDI) and external commercial borrowings (ECBs)… Continue reading
Small steps to stimulate the housing sector
: Housing, which is one of the three basic human needs is currently in short supply, giving rise to slums and squatter settlements in cities and towns. The urban shortfall is estimated at around 28 million housing units, which is… Continue reading
Policy row may delay private equity exit in real estate sector
NEW DELHI: Up to $5 billion worth of private equity funds, which had invested in real estate over the last five to six years and had planned an exit this year, now find themselves caught in a policy row between… Continue reading
Construction sector to see squeeze in order flow: Fitch
New Delhi: The construction sector is likely to witness further squeeze in order inflow in 2012 as corporates defer capex plan due to higher interest rates and slow economic growth, rating agency Fitch has said.
“Construction firms’ order books showed… Continue reading
Fitch has a negative outlook for the Indian real estate sector in 2012
NEW DELHI: Fitch Ratings has said it has a “negative outlook for the Indian real estate sector in 2012 due to weak overall demand and higher construction costs, which are likely to continue to squeeze margins.”
The ratings firm pointed… Continue reading
Private equit Investments soar 75% in realty, mutual funds shun sector on rising interest rates
KOLKATA/NEW DELHI: Private equity investments in India’s real estate projects have grown more than 75% over the past year, even as mutual funds and other investors have shunned this sector because of rising interest rates and falling revenues.
Analysts say… Continue reading