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Indian Realty NewsIndian Realty NewsIndian Realty news provides news on commercial and residential properties in India along with the home and office buying information and news on latest property investment, finance and property loan and laws in India and for its various cities like D Articles
Five-star Taj resort in Abu Dhabi
2008-05-06 08:40:00 UAE’s leading property developer Aldar has signed an exclusive agreement with Indian hotel giant the Taj group to develop a five-star, 500-room luxury resort hotel on Abu Dhabi ’s Yas Island. The hotel will be branded as Taj Palace Hotel on the lines of the elegant, original palaces hotels of the Taj and will have ... More About: Star , Resort
HDFC Property Fund, Sterling take up Rs 4,000 cr project in Whitefield
2008-05-06 08:36:00 Sterling Urban Developments, a joint venture floated by HDFC Property Fund (a subsidiary of Housing Development Finance Corporation) and Bangalore-based Sterling Developers will take up development of 150 acres in Whitefield at a cost of Rs 4,000 crore. According to Ramani Sastri, managing director, Sterling Developers, “The project, ?Sterling Villa Grande’, is being taken up in ... More About: Project
Parsvnath acquires property worth Rs 200 crore
2008-05-06 08:28:00 Parsvnath Developers has informed that the company has acquired property worth Rs 200 crore in Connaught Place, New Delhi from Mahajan Industries, which owned the property jointly with the Dhoot family (Videocon Group Promoters). The company has acquired a plot at 27, Kasturba Gandhi Marg through a recently formed subsidiary Primetime Realtors Pvt. Ltd and ... More About: Property , Worth
Zero Rentals a Hit in Mumbai Suburbs
2008-05-06 08:24:00 Zero rentals for residential flats are fast gaining popularity in the extended suburbs of Vasai-Virar in Mumbai . But there?s a catch. Pay a heavy deposit, which is returned when the leave-and-license agreement comes to an end ? provided the house is returned to the owner in its original condition. Owners are encouraging zero rentals ... More About: Rentals
HDIL gets Nod for Mumbai Slum Project
2008-05-05 12:00:00 The real estate developer Housing Development and Infrastructure Limited (HDIL) got the government approval for the coveted Mumbai airport slum rehabilitation programme today. HDIL had earlier bagged the project from the Mumbai International Airport (MIAL). “The tenement limit has been increased to 270 sq ft from 225 sq ft. As the size of the tenement has ... More About: Project
Assocham calls for Real Estate Investment Trusts
2008-05-05 11:55:00 An early introduction of real estate investment trusts (REITs) will attract institutional investors and make the commercial real estate market more transparent, according to the Associated Chambers of Commerce and Industry of India (Assocham). In a note to the Securities and Exchange Board of India (SEBI), the Assocham has said that REITs can also help develop ... More About: Estate , Real Estate , Real Estate Investment , Investment , Calls
Old Mutual Plans 4 New Realty Funds of $1 bn each
2008-05-05 11:53:00 After life insurance and property services, the $4.5-billion Old Mutual is planning to significantly increase its investments in the Indian real estate sector and plans to come up with four new funds that will invest $1 billion each or more by 2015. “We have aggressive plans and plan to have four funds of $1 billion or ... More About: Plans , Funds , Realty
Millennium to Enter India With Hotels in Chennai, Bangalore
2008-04-11 08:06:00 Millennium & Copthorne Hotels Plc, the U.K.-based operator of about 110 properties in 18 countries, plans to open hotels in Chennai and Bangalore , marking its first entry in India . Millennium & Copthorne will form a partnership with Rakindo Developers Pte, a venture set up by the government of United Arab Emirates sheikhdom Ras-Al-Khaimah, and Chennai-based Trimex ... More About: Enter
3-Acre Chennai Plot on the Block for Rs 270 Crore
2008-04-11 08:04:00 In a new record for Chennai ?s real estate market, NRI businessman C Sivasankaran of the Sterling Group has put a three-acre plot off the arterial Anna Salai under the hammer for a reserve price of Rs 270 crore. It works out to roughly Rs 20,000 per sq.ft. What’s more, the reserve price is a base price ... More About: Block , Plot
Greater Noida Land Price Revision unlikely to affect Demand
2008-04-11 08:02:00 The increase in minimum rates for land in Greater Noida is unlikely to affect demand for property in the area, real estate experts claim. The Greater Noida Industrial Development Authority board increased the minimum rates for all categories of land on Tuesday. Accordingly, residential land rates have been hiked from Rs 5,900 per square metre to Rs ... More About: Price , Land , Demand
Chennai Realty Projects in Limbo
2008-04-11 07:58:00 Your dream home in Chennai could be in jeopardy. The city’s real estate developers are struggling to get clearance for projects totaling almost 50 million square feet. A mall in Chennai has been delayed for over a year. It’s not just shopping centers; almost 90% of the total construction in the city has been in limbo ... More About: Projects , Realty
Zoom Developers tie up with global Realty Firm
2008-03-27 06:34:00 Mumbai-based Rs 830 crore real estate developer Zoom Developers has signed a memorandum of understanding with Yoo Holdings, a $10 billion global property development company, to form a special purpose vehicle to execute medium and large-scale real estate projects on a national as well as international level. Yoo Holdings is a design-focused property development firm founded ... More About: Global , Realty
Kolkata Municipal Corporation goes after Property Tax Evaders
2008-03-27 06:32:00 Kolkata Municipal Corporation (KMC) is yet to realize a whopping Rs 1,000 crore as property tax over the last few years. And now, it has planned to crack the whip on major defaulters and go for attachment of their properties. Prodded by Mayor Bikash Bhattacharya, the civic body is now preparing a list of major defaulters. ... More About: Property , Kolkata
Phoenix Mills buys Bangalore land from GKW Ltd
2008-03-27 06:29:00 Mumbai-based real estate developer, The Phoenix Mills Ltd, has struck a deal to acquire a 25-acre plot in Rajaji Nagar in Bangalore for around Rs320 crore from beleaguered engineering firm GKW Ltd. And, while it was negotiating the deal, Phoenix Mills and its subsidiary Bellona Finvest Ltd also built a 7.5% equity interest in GKW. When ... More About: Land
Middle East Realty Giant Emaar Bullish about Indian Real Estate
2008-03-25 06:07:00 UAE Property major Emaar Properties has said that it will reconsider its initial public offering (IPO) in India “when the time is right” though the company is bullish about the trend in Indian real estate market. In February, Emaar MGF withdrew its IPO for lack of adequate response. The company wanted to raise around Rs 6,500 ... More About: Middle East , Estate , Real Estate , East
India bulls to Optimize Trumart Operation Through its Realty Play
2008-03-25 05:56:00 India bulls are going in for a major restructuring of the Trumart business model barely four months after it acquired an 84 per cent stake in Piramyd Retail. India bulls Director Gagan Banga said the company is applying its real estate skills to tighten the retail business. ?Retail is hardcore real estate business. You need real ... More About: India , Play , Bulls , Operation , Realty
Farmers confused as to Land acquisitions for the Jhajjar SEZ
2008-03-24 05:03:00 Kishan Kumar was a happy man a year ago, having pocketed more than Rs 4 crore from selling nearly 20 acres of fertile land to Reliance Industries Ltd for its 12,355-acre Special Economic Zone (SEZ) in Jhajjar and Gurgaon districts of Haryana. Today, he is one of the many landowners in the area who look back ... More About: Special Economic Zones , Land , Acquisitions , Farmers
Textile City Bhilwara gets a Realty Weave
2008-03-24 04:57:00 Known for its textile units, Bhilwara is attracting real estate developers in a big way. Slowly but steadily, the traditional city of Rajasthan is donning a modern face. The sleepy town, which once had only industrial buildings, is getting ready for high-rise residential structures. Realty majors like Ansal Group, Manglam and Essel Group fueled the property ... More About: City , Textile , Weave
Property in newer IT Destinations selling like Hot Cakes
2008-03-24 04:53:00 The IT sector in India fuelled the first round of residential real estate boom. Growing salaries, leading to larger disposable incomes and the search for a new lifestyle befitting the new work culture created a boom in the residential real estate sector. But as the products become more and more opulent and expensive, developers are ... More About: Selling , Property , Cakes , Destinations
Hotel Booms ?Checks in? Chandigarh
2008-03-14 09:03:00 World?s major hotel chains are moving in to tap the hospitality boom in Chandigarh . While Carlson Hotel s Worldwide Asia Pacific announced its plan to set up a hotel at Zirakpur, it is an indication as to how the city has caught the fancy of the hospitality sector that is willing to expand itself in and ...
Property Show in Pune on the March 15, 16
2008-03-14 08:54:00 Pune is witnessing tremendous growth in real estate sector, both in commercial and residential space. With an objective to showcase the finest properties of Pune, a leading online real estate company is organizing a two-day property show, for the first time on March 15 and 16 at Royal Western India Turf Club, Solapur Road, Pune. ... More About: Property , Show , Pune , March 15
BPTP says, ?Price just right for Noida deal?
2008-03-14 08:50:00 BPTP Group, a Delhi-based real estate developer, said the price it paid for the Noida property i.e. Rs 130,207 per square meter, is reasonable and was thought through. ?We had decided on the amount well before, it was not a knee-jerk reaction to compete with other bidders (such as DLF). The location, infrastructure and connectivity ... More About: Deal , Price
Indian Real Estate Boom Lures Foreign Investors
2008-03-14 08:40:00 The real estate market in India is worth about $12 billion and is growing at about 30 percent a year, Ernst & Young said in a report last month commissioned by the Federation of Indian Chambers of Commerce and Industry. Rising incomes, easy financing and population growth are driving demand for housing and luring overseas ... More About: Estate , Real Estate , Foreign , Real
Jewellery Malls set to Dazzle in Retail Space
2008-03-14 08:28:00 Jewellery malls? are the hot news in the $12 billion Indian retail industry. With the burgeoning disposable income of shoppers and easy availability of loans, retailers and real estate developers see a huge market for large jewellery formats in the country. Vardhaman Developers Ltd, in association with Bherumal Shamandas, an old time jeweller, is launching ?Jewel ... More About: Space , Jewellery , Mumbai , Retail , Malls
Government has no Plans to Amend the SEZ Act
2008-03-13 09:07:00 Despite mounting pressure from the Left allies, government on Wednesday made it clear that it has no plans to amend the Special Economic Zone Act saying it is ‘working well’. Replying to supplementary to a host of questions on SEZs in Rajya Sabha, Commerce and Industry Minister Kamal Nath said special economic zones have become ... More About: Government , Plans , Special Economic Zones
Indian Government sets Rules for Foreign Investment in Industrial Parks
2008-03-13 08:50:00 The government on Wednesday set out conditions for automatic approval of 100 percent foreign direct investments in industrial parks. Such parks would have to house a minimum of 10 industrial units and at least 66 percent of their developed area would have to be allocated for industrial activity, a trade ministry note said. No single unit could ... More About: Government , Indian , Investment , Foreign Investment , Sets
CAG Report Reveals a Rs. 2,000-Crore Revenue Leakage in SEZ Units
2008-03-13 08:34:00 With units in special economic zones (SEZs) permitted to treat their domestic sales as export earnings, the government had to forgo revenue amounting to nearly Rs. 2,000 crore, the Comptroller and Auditor-General of India (CAG) has revealed. Making a case for an amendment to the SEZ Act, the CAG, in its report presented to Parliament on ... More About: Report , Special Economic Zones , Revenue , Units
DLF May Attract Top Dollar Investments from Global Financial Majors
2008-03-13 08:28:00 Citigroup, Merrill Lynch and DE Shaw may pump-in Rs 20 billion (USD 500 million) in the DLF Assets`(DAL) real estate investment trust (REIT), part of the DLF group. The deal is likely to be wrapped up by early next week. DAL is engaged in buying and managing office space. Currently, DAL is owned by DLF promoters; ... More About: Dollar , Financial , Global , Investments , Majors
New Guidelines for FDI Miss Out on the Real Estate Sector
2008-03-13 08:24:00 The government on Wednesday issued guidelines on big-ticket changes to the foreign direct investment norms in the country that were approved by the Union Cabinet on January 30. It, however, remained silent on clarifying a change in norms for FDI in real estate, possibly due to fear of greater capital inflows. Government sources said the clarification ... More About: Estate , Real Estate , Miss , Real , Guidelines
Oberoi Constructions plan a massive Rs. 4,000 cr. IPO
More articles from this author:2008-03-13 08:11:00 Mumbai-based property developer Oberoi Constructions, led by billionaire Vikas Oberoi, is planning a Rs 4,000 crore ($1 billion) initial public offer by year end. Oberoi Constructions has hired investment banking major Morgan Stanley to value the company. The real estate developer plans to issue fresh shares under the IPO, however, the exact dilution of the stake ... More About: Plan 1, 2, 3, 4, 5, 6, 7 |
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