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Property prices to rise in a year, then correct: NHB

Posted on: January 5th 2011 in Press Releases.

Housing regulator, National Housing Bank (NHB), which is awaiting $500 million loan from the World Bank for low cost housing, today said property prices would rise in the next one year, but that would result in correction in these rates in all the metros subsequently. “In the next …

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HDIL, Sobha shareholders’nod for fund raising

Posted on: June 17th 2009 in Stock News.

Housing Development and Infrastructure Limited (HDIL), a Mumbai-based developer, today said its shareholders have passed resolutions to raise upto $ 600 million (Rs 2880 crore) through a qualified institutional placement (QIP) of shares to institutional investors. The proceeds are expect…

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Stocks fall after initial upmove; realty down

Posted on: June 11th 2009 in Market News.

MUMBAI: Stocks lost steam on Thursday after a brief positive start as investors chose to book profits in recent gainers. Realty and technology stocks took a hit while healthcare and auto stocks edged higher. After opening on a firm footing, Bombay Stock Exchange’s Sensex lost 73 point…

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Stocks fall ahead of F&O expiry; realty worst hit

Posted on: May 26th 2009 in Stock News.

MUMBAI: Equities faced heavy selling pressure towards the end of the session as investors took to booking profits ahead of the F&O expiry. All sectors such as realty and capital goods which were in focus in the earlier trading sessions were badly hit. On the other hand, technology st…

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Lull over, realty ready to roar again

Posted on: May 25th 2009 in Stock Views.

As developers cut debt, offload assets and push sales, investors start trickling back. Investors and analysts have begun re-rating the realty sector on optimism that the worst may be over, as the efforts of recent months and a stable global environment will help developers attract funds …

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