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Real estate developers tying up with Construction firms
| August 31, 2008 |  (Be the first to rate this story!) Loading ... |
Many real estate developers are tying up with construction companies for timely delivery, cost saving and achieving a competitive edge in the market. Realty companies such as Omaxe and Indiabulls Real Estate are entering into alliances with construction majors, following in the footsteps of biggies such as Ansal API, Emaar MGF and DLF. And some like Uppal Group have tied up with another real estate developer, Chadha Group, for specific projects.
As per global real estate consultancy, Jones Lang LaSalle Meghraj (JLLM), some developers are giving turnkey contracts to construction companies to benefit from the lower borrowing cost at which construction companies can raise money from banks. “If developers try to raise finance from banks on their own, they would normally incur a borrowing cost of around 14-15%, whereas a construction company would be able to raise funding at lower rates, depending on various factors.”
News Published Under: Real Estate Developers |
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