LPCurry's Blog: May 2012

Tuesday, May 29, 2012

Noida Real Estate Prices crashed

Do real estate projects and infrastructure development go hand in hand? Yes, say realtors on the Yamuna Expressway.

Going by industry estimates, property prices around Noida and Greater Noida slumped by 25-30% after the Uttar Pradesh Government cancelled the greenfield airport project at Jewar in Greater Noida.

The Yamuna Expressway is a fast-lane highway connecting Delhi and Agra via Noida and Greater Noida. Realtors had reportedly invested over Rs 70 billion in the zone, hoping to gain from the development there.

The Uttar Pradesh Chief Minister, Akhilesh Yadav, had scrapped the Taj International Airport in Jewar that was hanging fire since the idea was first floated in 2001.

Posted: 28 May 2012 03:17 AM PDT
By Accommodation Times Bureau

Loans & Property Curry
116-B, 1st Floor, Shahpur Jat, Khelgaon Marg | New Delhi | 110049 | India |

Work: +91-11-4175 2512 | Mob: +91- 9873 3333 48 | www.lpcurry.com |

Private Finance | Project Finance | Corporate Finance | Debt Syndication |

Get Social!!

Twitter

Facebook Page

Facebook

Blogger

Tuesday, May 8, 2012

Realty sector contributed over 30k cr. to Delhi’s GDP

New Delhi: In the fiscal year 2011-12 the real estate sector has contributed more than Rs.30,000 crore to the Delhi’s GDP of 3.13 lakh crore. This move has brought strong position for city’s economy.
In the latest Delhi Government report cited that, the realty sector contributed Rs 30,042 crore to the city’s GDP in 2011-12 at current prices, up by Rs 4,749 crore from its share of Rs 25,253 crore in 2010-11.
According to the senior official of government, due to the huge demand for residential as well as commercial property projects nourishing the sector as well as city’s economy.
The report further added that, construction sector added to GDP Rs.16,801crore in the previous financial year at current prices from Rs 13,844 crore in 20101-11.

Posted: 07 May 2012 05:38 AM PDT
By Accommodation Times Bureau