Real Estate Observer

Real Estate Observer is published by Builder Information Bureau (BIB). BIB was established in the Year 1987 with the aim to provide information to the building and allied industry, real estate developers, professionals and investors. As a premier content source in the country, BIB consolidates information from public domains as well proprietary research to allow both professionals and retail investors help take well informed Real Estate decisions.

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Editorial Letter

Posted on: 01-Jun-2010  

Dear Readers, With the scorching heat of summersit seems that the Realty Stock Market has also drained the heat is on! A lackluster market that is not going anywhere has left the investors baffled. And while the share prices of our very own real estate companies are not going in the right direction, the need of the hour is to ...

Go Green with Earth Infrastructure

Posted on: 01-Jun-2010  

India's emerging real estate company Earth Infrastructure Ltd. has announced the launch of its first green residential township "Earth Towne" in Greater Noida. The Earth Towne is the one and only leed certified lifestyle green home residential project. In Earth Towne, Earth Infrastructure Limited (EIL) is launching 2/3/4 BHK lifestyle apartments which will be constructed on flexi home concept recognized ...

Amrapali Gets Bihar Gaurav

Posted on: 01-Jun-2010  

The pride is evident from his smile, as Anil Kumar Sharma, CMD of Amrapali Group, talks about the day he got the award from Bihar Chief Minister Nitish Kumar. "It came as a pleasant surprise when I knew that I would be getting the Bihar Gaurav Maidan Award. The awards ceremony saw many Bollywood stars both on and off the ...

M3M (TM)

Posted on: 01-Jun-2010  

OUT TO CHANGE THE REAL ESTATE SCAPE IN INDIA A real estate company that adheres to the highest standards; M3M is a name synonymous with quality & reliabilityM3M is a bright shining star on the horizon. Established in 1985 as realty advisors under the dynamic and futuristic leadership of the Chairman and Managing Director of the company Basant Bansal, the ...

I-T Dept Searches Parsvnath Offices Across India

Posted on: 01-Jun-2010  

The Income Tax (I-T) department searched seven offices of Parsvnath Developers. The department also conducted survey in 22 premises of the company at various locations across the country. "We have done a routine tax enquiry based on some information we had and have seized some documents. There are 100 tax officials involved in this investigation, conducted at Delhi and other ...

Ireo Launches 51-Stories Victory Valley in Gurgaon

Posted on: 01-Jun-2010  

Ireo, a leading private equity fund dedicated to the Indian real estate sector with nearly $2 bn of funds raised, has announced the launch of Victory Valley - the tallest residential towers in the region. The project will house 762 apartments in total. The company has announced bookings for the new project at an inaugural base price of Rs 5,500 ...

Raheja Group Scores Hatrick

Posted on: 01-Jun-2010  

Renowned realtor Raheja Developers has bagged three awards in the Asia Pacific Property Awards function held at The Langham Hotel, Hong Kong, on April 16. The event is part of the International Property Awards. While two awards came their way for their project Raheja Mall for 'Best Mixed Use Development in India', third award came for their website www.rahejabuilders.com which ...

Tishman Speyer Plans to Expand Its Presence in India

Posted on: 01-Jun-2010  

Tishman Speyer, one of the world's leading real estate developers, unveiled its first property in Hyderabad and spoke about expanding its operations to Mumbai and Delhi. This is the company's first property in Asia. Company chairman Jerry Speyer said after the opening of its IT Park in the city, Tishman Speyer is interested in acquiring both the existing property and ...

Eldeco Group

Posted on: 01-Jun-2010  

The Eldeco group was founded in 1975 by S. K. Garg in Agra, to professionally undertake real estate and construction projects. Before this, he had a long stint as a lecturer in Civil Engineering at BITS Pilani and thereafter as a consultant in Agra. During his consultancy in Agra and nearby towns, he sensed a void in the field of ...

Adds Style to Living

Posted on: 01-Jun-2010  

With two decades of rich experience and launching of multi- residential projects, M/s Tulip Infratech Pvt. Ltd. is going strength to strength. After the magnanimous projects like 'Tulip Grand' at Kundli , Sonepat , 'Tulip Petals' and 'Tulip Ace' at Sector -89, Main Pataudi Road, 'Tulip Orange', 'Tulip White' and 'Tulip Ivory' at sector -69/70, Sohna Road Gurgaon, is again ...

Over 60 Successful Years of Leadership

Posted on: 01-Jun-2010  

Arora & Associates Realty Ltd, India's leading Real Estate Consultancy Organization, since 1947. Years of experience enables India's first ISO 9001:2000 Certified Company to respond to clients need in most efficient and effective manner. The pioneers offer their clients unmatched, smarter, faster and reliable Real Estate Service Solutions at par with Global Standards. Over six decades of experience coupled with ...

Golfstate Adjudged the 'BEST UPCOMING PROJECT OF INDIA'

Posted on: 01-Jun-2010  

M3M India Ltd. won an award at the prestigious NRI summit and Awards 2010 held at the Sheraton Creek Hotel in Dubai . The company's upcoming project Golf Estate has been adjudged as the most promising project across the real estate sector in India. The esteemed panel of judges selected M3M's Golf Estate as the category winner because of the ...

Real Estate Issues Face Uphill Task

Posted on: 01-Jun-2010  

Real estate companies appear to be the worst hit by the ongoing global uncertainties, coupled with the new norms for primary market issuances. At a time when confidence is yet to fully return to the market, experts feel this rate-sensitive sector will see only subdued response from investors. This could come as a blow to the companies, which plan to ...

Realty Firms Under Scanner for Slush Funds

Posted on: 01-Jun-2010  

Major realty firms of the country are under the probe of enforcement agencies for alleged violation of FDI terms and use of slush funds worth several thousand crores brought in from certain tax havens. While the Enforcement Directorate has carried out raids at premises of realty firm Emaar MGF for alleged violations of Foreign Exchange Management Act in the recent ...

Moving Towards

Posted on: 01-Jun-2010  

SACHIN SANDHIR - MD, RICS 'Change' is never easy, more so for a vast, densely populated and culturally diverse country like India, which is dealing with increased urbanisation and infrastructure woes. As most of us are aware, the real estate market in India remains unorganized, fragmented and governed by archaic laws. With most of the over 100 laws governing the ...

Delhi Real Estate Regulator by Year-End

Posted on: 01-Jun-2010  

Delhi will have the real estate regulator by this year-end according to Urban Development Minister S. Jaipal Reddy. He also said the government was talking to other states to have similar regulators. "The state governments have sounded positive. It would take time to happen. But Delhi will get a regulatory authority for the real estate by this year," Reddy told ...

'Ajnara Homes' Launched

Posted on: 01-Jun-2010  

As part of its vision for inclusive growth in National Capital Region (NCR) Ajnara India Ltd. has developed many affordable and premium housing projects, and its newest offering "Ajnara Homes" is in continuation with this tradition of delivering dream homes at affordable prices. This project combines modern apartments with beautiful landscaping and ample open spaces. The project is scheduled to ...

Panel Plans to Probe DLF ADS

Posted on: 01-Jun-2010  

In a bid to check the rampant malpractices in the realty sector, the Competition Commission has decided to suo motu enquire if various developers are misleading the buyers, apart from looking into specific complaints against the market leader DLF. Taking note of the general complaint of delayed possession, change in terms and conditions of sale agreements and developers making it ...

Parsvnath Developers Duping Buyers

Posted on: 01-Jun-2010  

Reputed developers are not an exception in swindling the hard-earned money of helpless customers who often opt for the assurance tag of a well-known company. The bitter truth only comes to the fore when the larger chunk of the money is paid and nothing happens on the ground. One of Delhi's foremost real estate players Parsvnath Developers is high on ...

Kone - Touch of Class and Excellence

Posted on: 01-Jun-2010  

With a turnover of USD 250 billion, India is already one of the world's ten largest retail markets. Organized retailing currently accounts for only 4 to 5% of the market but is expected to account for 20% of overall market by 2025, with expected annual growth at over 30%. Sector is undergoing a structural change, with leading domestic retailers going ...

Another Place... Another World

Posted on: 01-Jun-2010  

Jaypee Greens is part of the Jaiprakash Associates Limited, the flagship company of the Jaypee Group - a well-diversified industrial group of northern India. Over the last few decades, the Group has made its presence in various sectors like hydro power, cement, hospitality, real estate & educational institutions. Jaypee Greens is the real estate arm of the Jaypee Group and ...

Pearls

Posted on: 01-Jun-2010  

very once in a while there comes an entity that is born to change the status quo, raise the bar and make a difference. Pearls Infrastructure Projects Limited is one such organization. Pearls Infrastructure Projects Limited is an ISO 9001:2000,14001:2004 and OHSAS18001:2007 certified real estate company having pan-India presence with versatile portfolio of Townships, Residential Apartments, Shopping Malls and Commercial ...

Investors Beware: STOP! ANALYSE! THINK! Before Investing in Realty IPOs

Posted on: 01-Jun-2010  

Looking at the market sentiments, investors are yet to regain their confidence to invest in realty stocks, which in turn have compelled many realty companies to defer their IPO launch.Real Estate Observer's special team of investigative Correspondents, shed more light on the prevailing market conditions and other fund-raising options for companies, in the face of delayed IPOs. Indian Stock Market ...

Impact Sare Launches 'ashberry homes'

Posted on: 01-Jun-2010  

After successfully launching projects in other parts of the country, South Asian Real Estate (SARE), a foreign private equity fund and a fully integrated investment & development company, based at Cyprus, and owned by UK-based Duet Group and Amritsar-based Impact Projects join hands to launch 'Crescent ParC'- a splendid township spread in an area of 104 acres on the Amritsar ...

Builder Dupes 500 People through Pre-Launch Scheme

Posted on: 01-Jun-2010  

For many it's an endless wait for their dream home. After shelling out Rs 10 lakh for a plot of land at Dharuhera in Haryana, now Asha Sabharwal, 67 has to make several trips to the police station. The reason - the piece of land never existed and Sabharwal, like 3000 others, was reportedly tricked into paying money as "booking ...