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adProperty News For November 2009

     
 
Dlf plans value housing to expand market reach, unlock land banks
Source : Business Line Published On : 2009-11-02 City : New Delhi

Real estate major DLF Ltd plans to launch Value housing projects under a distinct brand, joining the growing list of industry players that are eyeing the affordable housing segment to boost demand.

The company will launch 3-4 million sq ft under this new category, which it has classified as a lower extension of premium housing.

According to a presentation by the company to analysts, its value housing projects will come up in Chennai, Bangalore, Hyderabad, Chandigarh and Gurgaon. While the company has kept the pricing under wraps, industry sources said it could be in the range of Rs 1,700 per sq ft. However, this could not be independently confirmed with the company....

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Dlf to build one lakh houses costing under rs 20 lakh each
Source : The Economic Times Published On : 2009-11-02 City : New Delhi

Venturing where few private players have gone before, India largest realty firm DLF is planning to build one lakh affordable houses that would cost less than Rs 20 lakh in major cities across the country. 

According to sources, the company is giving final touches to its strategy for development of these one lakh housing units in the next three years under a new brand and the sub Rs 20 lakh price is expected to be inclusive of all charges. 

Earlier this year, DLF rival Unitech had announced entry into this segment as part of efforts to revive demand in the sector hit hard by the impact of the global downturn....

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Banks planning to withdraw special home loan schemes
Source : Indian Realty News Published On : 2009-11-02 City : Chennai

If you are looking to finance the purchase of your dream house with a cheap bank loan, time is running out, with large public sector banks such as State Bank of India SBI and Punjab National Bank PNB planning to withdraw the special schemes that offer rates as low as 8% for the initial years.

With the Reserve Bank of India RBI sending out hawkish signals in its second-quarter review, these banks may have to raise their home loan rates by January to align them with the expected hike in key policy rates.

The special schemes offered by public sector banks have resulted in the cost of home loans crashing to the lowest levels in five years....

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Nar developing live property valuation index
Source : Indian Realty News Published On : 2009-11-02 City : Pune

National Association of Realtors NAR, an apex organisation of real estate brokers in the country, is working towards developing a live property valuation index, which will become the benchmark for real estate deals in the country.

NAR President Ravi Varma told TOI that the broker body has almost concluded talks with the National Housing Bank NHB for development of such an index.

The NHB is the norm-deciding body for all housing finance institutions HFI. We will soon formalise the arrangement and start developing the index for which data collection is already under way, Varma said....

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Dlf plans to build one lakh affordable houses
Source : Indian Realty News Published On : 2009-11-02 City : Chennai

Venturing where few private players have gone before, India largest realty firm DLF is planning to build one lakh affordable houses that would cost less than Rs 20 lakh in major cities across the country.

According to sources, the company is giving final touches to its strategy for development of these one lakh housing units in the next three years under a new brand and the sub-Rs 20 lakh price is expected to be inclusive of all charges.

Earlier this year, DLF rival Unitech had announced entry into this segment as part of efforts to revive demand in the sector hit hard by the impact of the global downturn. In a presentation to analysts, DLF management said last week that launch of new value house segment with a distinct brand is under planning, but did not divulge further details....

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