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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
BPTP Makes Part Payment of Rs 955 cr for Noida Land
2008-06-10 08:05:00 Delhi based realty firm BPTP has made a partial payment of Rs 955 crore towards the first instalment of Rs 1,237 crore for the Noida land deal, the largest in the country. The company said it was in the process of raising more funds to pay the balance Rs 282 crore in a month. The ... More About: Land , Part , Payment
Serviced Apartments Check in as Hotels Lag
2008-06-10 08:03:00 Having filled the breach left by an acute shortage of hotel rooms in India, the serviced apartments segment is coming into its own with the entry of corporates aiming for consistent quality standards as they try and tap into a lucrative market. A measure of the shortage is the fact that India has about 1.1 lakh ... More About: Hotels , Apartments , Check
CITCO Plans to Set up a Five-Star Property in Chandigarh
2008-06-10 07:58:00 The Chandigarh Industrial and Tourism Development Corporation (CITCO) plans to set up a five-star hotel on a prime three-acre plot on the Chandigarh-Ambala road in the Industrial Area, Chandigarh. The corporation is also in talks with major hotel chains, including Hilton, ITC, Marriott and Radisson to explore the possibility of the private-public partnership for the ... More About: Property , Star , Plans
SEZs Run into Stamp Duty Wall
2008-06-10 07:54:00 Special economic zones (SEZs) could be in for some tax trouble from the states. States have questioned the stamp duty exemption given by the Centre under the SEZ Act. Some state governments have objected to the Centre?s power to provide such a tax sop, and termed the move to exempt stamp duty under the Indian Stamp ... More About: Wall , Special Economic Zones , Duty
GL Hotels to Invest Rs 600 Crore
2008-06-10 07:52:00 GL Hotels , which owns the Mayfair banquet in Mumbai, plans to invest at least Rs 600 crore to open six niche lifestyle boutique hotel properties and 10 additional banquets by 2010. The hotel founded by Ghai Enterprise aims to build 100-room boutique hotels in leisure and business destinations across the country. “We are also expanding Mayfair, our ... More About: Invest
GL Hotels to Invest Rs 600 Crore
2008-06-10 07:51:00 GL Hotels , which owns the Mayfair banquet in Mumbai, plans to invest at least Rs 600 crore to open six niche lifestyle boutique hotel properties and 10 additional banquets by 2010. The hotel founded by Ghai Enterprise aims to build 100-room boutique hotels in leisure and business destinations across the country. “We are also expanding Mayfair, our ... More About: Invest
Insurance Cover for Real Estate Deals to Become a Reality Soon
2008-06-09 09:04:00 Risks associated with property transactions in India could reduce with at least three insurers submitting details of the property title insurance products they wish to launch to insurance regulator Insurance Regulatory Development Authority, or Irda. People familiar with the submissions said ICICI Lombard General Insurance Co. Ltd, National Insurance Co. Ltd, or NIC, and HDFC Standard ... More About: Reality , Estate , Real Estate , Cover
Goa Crying
2008-06-09 08:59:00 Goa has not yet reached the nadir of degradation. But, there is a scare that decadence could soon change the face of Goa on a whole. With towns being choked with concrete, the infrastructure here is failing to keep pace with the rapid growth. This phenomenon was prominently captured by Rajan P Parrikar in telling ... More About: Crying
Real estate growth impacted due to high interest rates: ICICI
2008-06-06 09:41:00 Leading home loan lender ICICI Bank on Thursday said that growth in the real estate sector has been impacted due to high interest rates and prices but maintained that there was no asset bubble in the sector. “Clearly there is a slowdown in the number of deals …interest rates have gone up from eight per cent ... More About: Estate , Home Loans , Real Estate , Interest Rates , Growth
HNIs desert sinking stocks, hitch to realty PMS
2008-06-06 08:21:00 Trashing the age-old belief that a fall in equities would result in flattening real estate prices, high net worth investors (HNI) are pushing wealth advisers for more exposure to realty assets. The coming months are expected to witness the launch of real estate portfolio management services (PMS) by wealth managers. Though the product is discreetly marketed ... More About: Stocks , Desert , Realty
Visakhapatnam set to be AP?s next IT city
2008-06-06 08:18:00 Visakhapatnam is one of the fast-emerging tier III cities of India and is placed to be the next IT destination in the state of Andhra Pradesh. Availability of skilled labour, infrastructure, and comparatively cost-effective real estate in the city makes Vizag the next emerging IT/ITeS hub after Hyderabad. It is expected to be one of the ... More About: City , Visakhapatnam
Sahil Group to Develop ?Radisson? in Pune
2008-06-05 08:21:00 Pune-based real estate player, Sahil Group will develop another Radisson hotel in Balewadi, Pune. Construction for the 250 room property has already started. The hotel is expected to start operations by 2011. The hotel will operate on a management contract basis. This is the third addition to Sahil Group?s hospitality portfolio, which currently includes the ... More About: Pune , Develop
Real Estate Market in Mumbai Hit by a Slowdown
2008-06-05 08:17:00 Mumbai?s realty market, which in recent years witnessed an astronomical price increase bringing it in the league of the worlds most expensive cites, is finally taking a beating. Property sales that have been growing at a clip of about 20% every year have plummeted by 17% in 2007-08, the first time in six years. Though the ... More About: Estate , Real Estate , Real Estate Market , Market , Mumbai
Sobha Eyes Slum Redevelopment, SEZs
2008-06-05 08:16:00 Sobha Developers, a Bangalore-based realty major focused on residential space, is looking at diversifying its portfolio through slum redevelopment schemes and special economic zones (SEZs), retail and commercial projects. Executive director Raghav Menon said the company would build an SEZ in either Tamil Nadu or Kerala. “We haven’t decided on the place yet. We will also ... More About: Eyes , Redevelopment , Sobha
Dan Hotels Plans to Enter Indian Market, in talks to Buy Site
2008-06-04 08:58:00 Dan Hotels Ltd, whose 13 properties include the historic King David Hotel in Jerusalem, said it plans to acquire land to develop its first property in India. Dan is negotiating to buy a site at an unspecified location and plans to build a hotel there at a cost of at least 50 million dollar, the Tel ... More About: Market , Indian , Site , Plans
Squeeze on Tech Firms could Pull Down IT Office Rentals in NCR
2008-06-04 08:56:00 An anticipated oversupply in information technology or IT office market is, expected to push down rentals of these buildings in the National Capital Region (NCR), which includes Delhi and its environs, according to real estate consultant Jones Lang LaSalle Meghraj. Rentals of such office space are presently hovering at around Rs 35-70 per sq. ft ... More About: Office , Tech , Gurgaon
Realty Mutual Funds: New Avenue for Retail Players
2008-06-04 08:44:00 The Securities and Exchange Board of India’s (Sebi) recent decision to allow mutual fund firms to play in realty space has opened up a fresh avenue for individual investors. It was a month ago that Sebi had approved the inclusion of real estate and issued a set of guidelines. Prior to that, only high net worth ... More About: Players , Retail , Mutual Funds , Avenue , Funds
From Big B to Deepika, Stars Ride Realty ?Brand Wagon?
2008-06-04 08:16:00 Bollywood celebrities don’t just peddle dreams but also dream homes. Real estate developers are now banking on the star power of the likes of Shah Rukh Khan, Amitabh Bachchan and Aishwarya Rai to endorse their projects. Deepika Padukone is the latest to join these marquee names. Aspire Real Estate, a Dubai-based developer, has signed up the ... More About: Stars , Ride , Brand , Wagon , Realty
Dubai-Based Real Estate Major Majid Al Futtaim Looks To India
2008-06-03 09:34:00 Dubai-based real estate major Majid Al Futtaim (MAF) is likely to enter India for which it is in the process of identifying a local partner. The country’s estimated 16 billion dollar realty sector, which has already attracted UAE-based players like Emmar, Limitless, Nakheel and SmartCity, has been identified by MAF as a ‘market to ... More About: Estate , Real Estate , Dubai , Real
Realty deals get buried in pan-India landslide
2008-06-03 09:23:00 Over the last two years, land prices have shown a northward trend. Now, it?s time now for a realty check. Record land auction at Mumbai?s Bandra-Kurla Complex- like the Rs 46,000 per square ft buy by Wadhwa Builders in November 2007 are passe. The last auction at BKC, by Jet Airways, has seen rates ... More About: India , Realty
Banned from buying houses, foreigners opt for long lease
2008-06-03 09:14:00 With the state government ‘banning foreigners from buying properties in the state’, local builders have fine tuned their strategies and are promoting five-year leases among tourists. There are no official figures to prove the trend, but lawyers and builders agree that this is definitely increasing, with several builders from the state organizing road shows and exhibitions ... More About: Buying , Houses , Long , Banned , Lease
S&P launches Asia Property 40 Index
2008-06-03 09:02:00 Standard & Poor’s on Monday launched the S&P Asia Property 40 Index , which will provide liquid exposure to leading publicly-listed companies in the Asian property and real estate markets. S&P Asia Property 40 Index comprises of 40 leading listed Asian property companies that meet size, liquidity and local listing requirements, with no single market having more ...
State-Run Drug Companies Banking on Realty Pill to Boost Bottom-Line
2008-06-02 09:06:00 State-run pharmaceutical corporations, struggling to survive competition with private sector companies, are now emerging in a new avatar ?? as developers of commercial complexes and IT parks because of their massive land holdings. The recently-revived Bengal Chemicals and Pharmaceuticals Ltd (BCPL) is building a 38-floor sky scraper at Worli in Mumbai overlooking the Arabian Sea. The ... More About: Companies , Banking , State , Drug
Top Realty Players Set to Enter Warehousing
2008-06-02 08:57:00 It?s a road less traveled but real estate developers are revving up. After building luxury homes and corporate offices, top-of-the-line property developers such as Akruti City Ltd, Emaar MGF Land Ltd, K Raheja Corp., and Nitesh Estates are planning to build warehouses as organized retail booms and traditional realty market slows. Organized warehousing, though in its ... More About: Players , Enter , Realty
More and More Indians are looking to Buy Property Abroad
2008-06-02 08:53:00 The rise in the number of Indian millionaires along with a fall in real estate prices in the UK and the US ? economies that have been hit by the sub-prime crisis ? have fuelled the demand for property abroad. ?We have seen a sharp rise in the percentage of Indian clients looking at real estate ... More About: Indians , Property
Gurgaon Residents Rise up Against Malls
2008-06-01 14:20:00 Thirty-four resident associations of Gurgaon today requested the Supreme Court to stop proliferation of commercial complexes and save the city from ?complete disaster? as unplanned development had sunk groundwater levels and created a power crisis. In a petition filed through lawyer Nivedita Sharma, the residents demanded urgent intervention of the Haryana government and the Centre to ... More About: Rise , Rise Up , Malls
Bandra Replacing South Mumbai as Property Hotspot
2008-06-01 14:18:00 South Mumbai has always been the preferred home to Mumbai’s upper crust for years. But now with virtually no land to be had in the Island City, the elite are moving into the suburbs and Bandra seems to be the hot new destination. Malabar Hill, home to the city’s elite and till now the most famous ... More About: Property , South , Hotspot
Record Rs 3.11 cr for Plot in Mohali
2008-06-01 14:16:00 Property prices in Mohali are scaling new heights. On the second day of the auction of residential sites held by the Greater Mohali Area Development Authority, a one kanal seven marla plot fetched a whopping Rs 3.11 crore against its reserve price of Rs 2.3 crore. As many as 11 residential sites in the township went ... More About: Record , Plot
Country Club India Buys UAE?s Chelsea Hotel for Dh165m
2008-05-30 08:33:00 India’s largest leisure and infrastructure company, yesterday announced the takeover of Dubai-based luxury hotel, Chelsea Hotel for Dh165 million. Following the takeover, which could mark the beginning of large-scale participation by Indian hospitality industry majors in Dubai’s booming hospitality sector, Chelsea Hotel was re-christened The Country Club Hotel. CCIL’s buyout of Chelsea Hotel marks its first step ... More About: India
Foreigners Violated FEMA to Buy Land in Goa
More articles from this author:2008-05-30 08:31:00 The investigating officer of the Enforcement Directorate (ED) has completed the inquiry and submitted the report to the Adjudicating Authority in 12 cases of foreigners having violated provisions of the Foreign Exchange Management Act (FEMA) while buying land in Goa. The investigation officer A K Singh, who is the assistant director of Enforcement Directorate, has submitted ... More About: Land , Foreigners 1, 2, 3, 4, 5, 6, 7 |
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