Despite a slowdown in the real estate sector, developers have plans to play Santa this year, too.
But this time the share of freebies will be more in comparison to price discounts.
Priyankar Bhikshu, associate director (consulting and research), DTZ International Property Advisers, said, “During the last festival season, the festive offers were two-fold - one was the direct discount in the price on new launches, and the other being freebies like cars, refrigerators and air- conditioners.
More : indiatoday.intoday.in
Send an E-Mail for Noida Property Enquiry!
Related News from Noida
Mayor Realtors J6 Sector 18
Mayor Realtors J6 Sector 18 is a location in Noida in India. If you have seen Mayor Realtors J6 Sector 18 , then write us a review comment or your experience about this site in Noida. This site is to provide information to visitors to this place. Your comment about Mayor Realtors J6 Sector 18 is important to us. Please provide you comment / review / article on Mayor Realtors J6 Sector 18 in Noida below.
Realtors to cut rates
New Delhi-based real estate developers DLF and Parsvnath plan to cut property prices by as much as 15 per cent in the next few months to boost sales. The cut comes as part of their plans to launch affordable housing project to lure buyers. Referring to slowing sales, Rajiv Singh, VC, DLF, said the cut in prices will be visible in the next three months. The developer has already cut prices in Hyderabad. The new projects are expected to be at least 10-15 per cent cheaper than similar projects that were announced a year ago, he said. DLF today indicated
Noida Toll Bridge mops up Rs 188 cr
NEW DELHI: The Noida Toll Bridge Co Ltd has raised Rs 188 crore through global depository receipts in the London Stock Exchange's global market, becoming the first listed Indian company to go for follow on public offer on the bourse. The company has completed a follow on offer on the AIM- LSE's global market, according to a release by the stock exchange. Noida Toll Bridge is, however, the second Indian company to admit its securities to AIM after Great Eastern Energy Corporation, which made an Initial Public Offer on AIM in December 2005. Each GDR of Noia Toll Bridge Company
FM’s new subsidy prompts realtors to promise more sub-Rs 20 lakh homes
Property developers plan more launches in the sub-Rs 20 lakh category of homes, after yesterday’s Budget concession. The finance minister had said there would be an interest subsidy of 1 per cent for one year on loans up to Rs 10 lakh for properties worth less than Rs 20 lakh. This is expected to boost this housing segment. Developers such as Unitech, Omaxe, Puravankara, Lodha Developers and Ansal had already moved into the sub-Rs 20 lakh category, as the economic downturn, coupled with fear of job losses and salary cuts, slowed sales of premium housing projects, lowering their cash flows. More : business-standard.com
A big blow for realtors in 2008
What goes up has to come down. On a high since 2005, Indian property market discovered in 2008 what a descent is like, with demand, particularly for housing, falling by up to 50 per cent that triggered 15-20 per cent decline in prices. High interest rates regime and economic slowdown, coupled with the ripple effect of the US subprime crisis cooled off the overheated realty sector to some extent, forcing developers to adopt cost-cutting measures, such as deferment of projects, salary cuts and layoff of employees. Developers, big or small, faced huge liquidity crunch as both end-users and investors shied away from
Omaxe May Come Out With Rs. 1,000 Cr IPO
Considering the upswing in the capital market, Omaxe, real estate developer, may come out with an initial public offer in the next few months to raise an estimated Rs. 1,000 crores, the Economic Times reported. Market source said that the company has intensified work on this front and is looking at raising about Rs. 1,000 crores through the public offer. The IPO should hit the market in the next six months, the source said. If the company comes out with the IPO, Omaxe would be joining the likes of other real estate developers DLF, Parsvnath Developers and Ahluwalia Contracts India,
Noida Toll Bridge listed on LSE’s AIM market
NEW DELHI: Noida Toll Bridge Co, developers of the popular DND flyway in the Capital, has become the first Indian infrastructure company to be formally admitted to AIM, the London Stock Exchange’s global market for innovative and growing companies. The company is already listed on BSE and NSE, and it becomes the first listed Indian company to successfully complete a follow-on public offer in the AIM market. The company has managed to raise Rs 188 crore ($42.43 million) via global depository receipts (GDR), with each GDR representing five ordinary shares. The company is expected to have a market capitalisation of