QVC Realty in news

Is B’lore poised for aerotropolis tag?
The Economic Times, Nov 12, 2008: Action packed North Bangalore is expected to be replete with technology parks. Several hotels are also expected to come up. Sweeping urbanization is enveloping fringes of cities and Bangalore’s aerotropolis – The new urban phenomenon of airport cities – is becoming an addition to the cities. read more read more

Infra status likely for realty sector

The Financial Express, Nov 05, 2008: The realty sector, reeling under the effect of financial crisis and high interest rates, is all set to get a new lease of life with the government planning to accord ‘core sector’ status to all their activities barring purchase of land. The Centre is also looking into real estate developer’s demand to formulate a policy on Special Residential Zones (SRZs) on the lines of SEZs for large-scale affordable housing projects. read more read more

Discounted Dwellings

The Financial Express, Oct 26, 2008: Developers are leaving no stone unturned to woo buyers with freebies and discounts during this festive season. Developers are wooing buyers with gamut of gifts on purchase or booking of flats. Multi Door refrigerator, furniture items, Diamond Jewellery, free parking space, pre-fitted apartments, imported bathroom and fixtures etc…. read more read more

As demand declines, realtors hold on to expansion plans

The Financial Express, Oct 20, 2008: With the global economic meltdown taking its toll on the Indian real estate sector, the residential sector market has started witnessing a significant dent in demand, while demand for commercial properties nationwide, has started dipping by 70% to 80%. Retail developers too are holding on to their expansion plans and are seeing a dent of over 50% in demand, according to international property consultants and developers. read more read more

Real Slow

The Financial Express, Oct 19, 2008: The much-touted softening of real estate prices, between Rs 700 per sq ft to Rs 2,000 per sq ft, has started emerging in various metros in India, including suburban Mumbai, National Capital Region (NCR), Chennai and Kolkata. Looking at the scenario, industry experts and home buyers feel that buying a home on ownership basis is still becoming a distant dream. read more read more

Is it time to buy your dream home?

HT Mint, Oct 06, 2008: With real estate prices now beginning to get real and developers wooing buyers with sops and freebies, experts assess whether it is the right time to buy your home. Experts say that with real estate prices now beginning to get real, this is the right time to buy your dream home. read more read more

QVC Realty Co. Limited announces launch of its first project - QVC Hills
Deccan Herald, Sep 25, 2008: QVC Realty Co. Limited, India's first venture capital funded real estate firm, announced the launch of its first project, QVC Hills, an exclusive residential community located in close proximity to the Bangalore International Airport in North Bangalore. Boasting of a pristine location at the foot of Nandi Hills with breathtaking scenic views, QVC Hills is spread over 26 acres of land with the first phase consisting of 100 luxury residences. read more read more

QVC Realty Co. Limited to raise funds for expansion in south
The Economic Times, Sep 25, 2008: Real estate developer QVC Realty Co. Limited plans to raise Rs 600 crore in 2009 through a mix of equity and debt, primarily to buy large tracts of land in the south, especially closer to the new airports in Bangalore and Hyderabad. read more read more

Affordable housing is a key segment
Deccan Chronicle, Sep 22, 2008: The next few years should see a large supply of good quality, reasonably priced housing for common man. For Developers to bring down housing costs, the price of land and construction have to come down along with the home loan. read more read more

Realtors dole out incentives to woo buyers
The Financial Express, Sep 01, 2008: With high interest rates and inflationary pressures slowing down demand, many real estate developers are all set to offer incentives to potential buyers. What developers would be looking at is focusing on providing long term benefits to potential buyers in terms of quality of homes and whole buying experience, rather than offering short-term incentives. read more read more

'The fittest will survive’
The Hindu Business Line, Aug 31, 2008: Going into the making of a home are the land price, construction cost, developer’s margin and the size. As prices go up, sizes come down. In the current slow market, with supply increasing, business has become more competitive. In today’s market, people with development skills will succeed, and those who don’t will face a tough time, he says. read more read more

Senior techies seeking greener pastures
DNA, Aug 19, 2008: “Despite the recent slowdown, real estate as a sector is set to be big in India from the long-term perspective. The opportunities in this space are immense and I felt getting into realty would make sense,” Gurbaxani, who is the managing director and CEO, said, justifying his move. read more read more

PEs buys in as realtors face a cash crunch
HT Mint, Aug 12, 2008: PE firms have invested around $5.8 billion in real estate cos in the first half of 2008. Expert predict realty firms will turn to debt as PE turns expensive and these players focus on specific projects. read more read more

Deccan Herald, Aug 01, 2008: Though real estate prices have softened in some areas, the affordability has not improved as the prices are still high and interest rates have been increasing relentlessly, coupled with ever-increasing inflation. As per the ASSOCHAM, Eco Pulse (AEP) Study on ‘Inflation and Interest Rates’, the trickle-down impact of hiked fuel prices would spill over to other commodities by December this year. read more read more

Super Amenities For Those Who Can Afford
The Hindu Business Line, July 20, 2008: Set against Nandi Hills near Bangalore, the 275-acre Prestige Golfshire, a project of the Prestige Group, offers ultra-luxurious mansions, a 300-bed five stat hotel, a private lake and an 18-hole championship-sized golf course. read more read more

QVC Realty Co. Limited to launch first project in Bangalore soon
The Hindu Business Line, July 17, 2008: The real estate sector, which experienced an unprecedented growth over the last three-four years, will go through some consolidation over the next year or two,” said Mr. Prakash Gurbaxani, Founder and CEO, QVC Realty Co. Limited read more read more

QVC Realty Co. Limited targets realty services with new acquisition
Economic Times, July 15, 2008: QVC Realty Co. Limited, a venture-funded realty firm, is planning to acquire a construction firm as part of a plan to offer a bouquet of services ranging from project conception to post-construction property maintenance. read more read more

Realty rides the snob wave
Deccan Chronicle, July 10, 2008: The early nineties witnessed some key developments in India. While the growth of the IT sector, the boom in retail, the build-up of infrastructure and some of the other key indices which define national growth have been oft repeated, what really made the difference was the liberalization of the economy. read more read more

House on Par

Dream Homes, June, 2008: For one seeking to buy a second home nowadays, the options are varied. You can take your pick from the luxurious beach-front home, a villa in a resort or even within a film city, an ultra – luxury apartment …… there are choices aplenty. read more read more

Golf Homes become popular
Deccan Chronicle, June 22, 2008: Golf Homes are becoming increasingly popular across the country. Jaypee Greens in Noida and Amby Valley were pioneers of golf homes but now more developers have jumped into the bandwagon. read more read more

QVC Realty Co. Limited to get $ 200m PE funding
Financial Chronicle, June 11, 2008: QVC Realty Co. Limited is expecting up to $200 million in funding from private equity players by December 2008. This will be the second round of funding for the company. read more read more

QVC Realty Co. Limited Plan Retail Expansion

Realty Plus, April 12, 2008: Bangalore ’s QVC Realty Co. Limited, India’s first venture capital-funded real estate firm, is expanding into retail and will pump in Rs, 700 crore in its first phase of expansion. The one year old company will construct two malls at Whitefield and Kanakapura Road in Bangalore in three years. read more read more

IT Slowdown fails to affect elite housing

The Asian Age, May 10, 2008: There is no apparent slump in the demand for premium homes in this ‘City of Bungalows’, despite numerous head-winds being faced by the IT/BPO companies. This is primarily because residential homes and villas above the Rs 1.5 crore range, unlike budget apartment, are not in oversupply. read more read more

Money Talk
The Hindu Business Line, April 27, 2008: Prakash Gurbaxani is the founder and CEO of QVC Realty Co. Limited, India’s first venture-funded Real Estate Development Company. Prakash has over 20 years of experience in a wide variety of industries, including real estate, BPO and technology. read more read more

More feathers in North Bangalore's cap
Deccan Herald, April 25, 2008: In the news for the much hyped and debated International Airport, North Bangalore is poised to change the real estate outlook of the city with a slew of big projects in the residential, commercial and retail space. Iconic developments will now unlock North Bangalore’s potential and transform it to an ‘Urbanscape’ that will be referred to as the ‘New Bangalore’ in the future.”
read more read more

Keen to avoid the ‘oversupply mistake’
The Hindu Business Line, April 20, 2008: Land, capital and execution skills — most players in the real-estate business come armed with the first of the three considered mandatory to break through in the business. Mr Prakash Gurbaxani, CEO, QVC Realty Co. Limited, the country’s first private equity-backed real-estate start-up firm, unlike most of his competitors, dived into the brick and mortar world with the second — capital — and built a team that could execute its plans. read more read more

The Township Advantage
Money Today, April 14, 2008: Integrated townships promise convenience, improved quality of life and greater affordability. When you are buying home of your dreams, wouldn’t you just love to buy a spacious, airy apartment, set amid green acres, schools nearby, a hospital two streets away and a shopping complex on call? read more read more

Business Today, April, 2008: Property management is an expertise that is being increasingly recognised, necessitating need for facilities managers. In India, property management business is at a very nascent stage, Developers have options ranging from outsourcing property management to specialist set-ups having their internal property management units. read more read more

The B School-Realty industry nexus
Deccan Herald, April 11, 2008: There is an increasing number of B-School graduates opting to make a fruitful career in the Real Estate industry. There is
a slow but sure trend in the real estate market. Before you let your imagination
run wild, its not to do with the ‘now-up’, ‘now-down’ prices, but the fact that there is an increasingly large number of B-School graduates opting for jobs in the Industry. read more read more

Best in its Class
EPC Age, March 2008: The advent of a liberalized economic environment in India has ushered such vibrancy that if handled with adequate care, it can create world-class cities brimming with opportunities. To be competitive, India must compete with global benchmarks; and not being backed by world-class infrastructure is stunting India’s economic competitive edge. read more read more

QVC Realty Co. Limited looking for construction firm
Business Standard, March 14, 2008: QVC Realty Co. Limited, which after a year’s existence still remains the only private equity-funded real estate company in the country, is planning to buy a construction company to become an integrated player and realise the maximum value from the projects it handles. QVC Realty Co. Limited proposes to launch three projects during the present year. read more read more

The mall story
Dream Homes, Feb 2008: Malls have become an integral part of urban culture. It is effectively encouraging more retail activity in its surrounding areas and making a huge difference to the real estate sector. The large number of malls coming up and the increasing competitiveness in the Indian retail market can spell a boom or else a total downfall in the years to come. read more read more

Peeping Through the Window
Times Journal of Construction and Design, Feb 2008: “2008 will be a very important year for the real estate industry as a lot of these projects will now be implemented. Also, some of the infrastructure projects that have been under planning in the last couple of years are coming into shape. read more read more

Budget Wishlist, Tax incentives for affordable Housing: QVC Realty Co. Limited, Feb 22, 2008: Exempt real estate developers/contractors from service tax and from service tax on renting immovable properties; remove sunset clause for IT parks under Sec 80-IA. Having affordable housing for people in the middle and lower income categories is being seen through a practical as well as innovative prism by the builder and real estate communities. read more read more

The REIT way to invest in property
DNA, Feb 18, 2008: Those who cannot invest directly in a real estate can buy units of these funds. With banks lowering housing loan rates and RBI signaling a downward trend in property prices, investors have a reason to smile. After all, they can now go ahead and buy that coveted piece of property feeling a little less guilty about not making the investment when the rates are lower. read more read more

Uppal-QVC Realty Co. Limited. JV
Indian Express, Feb 06, 2008: The Uppal Group and Bangalore based QVC Realty Co. Limited. have announced a joint venture where Uppal has diluted 50 percent of equity in the project for a value of Rs 300 crore. The joint consortium will develop a 150-acre high-end fully integrated township in the NCR. read more read more

A Real Step Ahead
Business India, Jan 2008: The year 2007 could easily be termed as a turning
point for the Indian Real Estate market. Not only did the market sustain its
growth amidst fears of slowdown, but also gained in momentum. In fact, during the period, it emerged as the most fancied destination in the global investment map, even as the US subprime crisis loomed large over the developed economies. read more read more

Work on Documents
India Today, Jan 2008: Buying a home is a one-time decision that has several implications. As such it is vital to remember that there are several factors to be considered while buying a property such as financing, legal and documentation involved. These are extremely important aspects that must be overlooked to ensure that the property is right one for you. read more read more

India goes to Town
The Financial Express, Jan 01, 2008: Over 200 integrated townships covering more than 2 lakh acres are under various stages of approval, planning and construction all over the country. But why are so many integrated townships being developed at one go? And why are they being seen as the panacea for our urban development woes? read more read more

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