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Indian Real EstateIndian Real EstateIndian 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
Lack of Buyers puts Pressure on Luxury Home Prices in Metros
2008-04-03 07:51:00 Caught unawares by a falling stock market, inflation, and high interest rates that show no signs of giving way, the demand for luxury homes is slackening. In part, it?s led by unreasonably high property prices and the exit of investors from the market, who are cashing out ahead of a possible softening. If the slowdown continues, ... More About: Luxury , Home , Buyers , Lack , Prices
37 Firms Bid to Develop Regional Andhra Airports
2008-04-03 07:48:00 As many as 37 infrastructure firms have put in bids to develop eight regional airports in Andhra Pradesh, according to a top official. The state government will finalize the list of developers for the airports located at the so-called tier-IV cities by September, said the senior executive of Infrastructure Corp. of Andhra Pradesh (Incap), who did ... More About: Regional , Airports , Develop , Firms
New Offshore Casino for Goa, billed as India?s Largest
2008-04-02 11:29:00 Goa?s Mandovi river is soon to be home to what is possibly the largest floating casino in India , with Highstreet Cruises and Entertainment Pvt. Ltd, a player in the gaming and entertainment industry, ready to launch an offshore casino in May this year. The company is also simultaneously setting up a 50-room floating hotel in ... More About: Casino , Offshore , Largest
Emaar MGF to Develop 4 Hotels for Marriott
2008-04-02 11:25:00 Hospitality major Marriott International Inc has entered into a tie-up with Emaar MGF, a real estate developer to design, construct and equip luxury-branded JW Marriott hotels in New Delhi, Hyderabad, Kolkata and a ?Courtyard by Marriott? hotel in Amritsar. An investment of over $400 million will be made by Emaar MGF in these four properties, ... More About: Hotels , Develop
Provogue India sells 27% Stake in its Real Estate Arm to Triangle India
2008-04-02 11:22:00 Provogue India Ltd has informed that the company has sold 27 percent stake of Mumbai-based, real estate developer, Prozone Enterprises Pvt. Ltd to Triangle India Real Estate Fund, promoted by Old Mutual Investment and ICS Realty for Rs 457 crore. Prozone Enterprise Pvt. Ltd (subsidiary of Provogue (India) Ltd) is a joint venture between Provogue ... More About: Real Estate
Real Estate TV to Invest Rs 500 Million in First Year
2008-04-02 11:20:00 Alliance Group plans to invest Rs 500 million in its first year of operations even as it is set to launch the country’s first real estate and infrastructure channel on the digital platforms within a month. The channel, Real Estate Television, will be investing Rs 500-600 million on content and Rs 120-150 million on marketing out ... More About: Real Estate , Invest , Million
GIC Real Estate set for Big Role in India
2008-04-02 09:22:00 GIC Real Estate , the real estate investment arm of the Government of Singapore Investment Corporation, is charting out a larger game plan for India . According to industry sources, the firm which manages a multi-billion dollar portfolio of direct and indirect property investments with over 200 investments in over 30 countries is singling out a sharp focus ... More About: Real Estate , Role
Yatra in talks to Buy Stake in Parsvnath Bus Terminal Project
2008-04-01 05:32:00 Yatra Capital, the Euronext-quoted India-focused real estate fund, is in final round discussion with Parsvnath Developers (PDL) to pick up 30% stake in latter?s bus-terminal-cum -commercial complex project in Mumbai for around 220 crore. Sources said the fund has valued the Mumbai project at over Rs 700 crore. In 2006, PDL bagged the real estate project ... More About: Terminal , Project , Yatra
Real Estate Developers Woo Healthcare Firms to meet Government Norms
2008-04-01 05:30:00 Healthcare companies are having a field day as more and more new townships are mushrooming across the country. To meet the government?s mandate to set aside 10% land for facilities such as healthcare and education in townships, healthcare companies are being wooed by real estate developers to set up hospitals in their townships. With just a handful ... More About: Government , Estate , Real Estate , Healthcare , Meet
West Ahmedabad too Pricy Over the Eastern Part
2008-04-01 05:27:00 Ahmedabad’s real estate market has been growing at a dizzying pace for the past two years. The growth, some in the industry say, is partly driven by big projects like Sabarmati riverfront and Gujarat Information Financial Tec-City (GIFT). The flip side of commercial development is that prices of residential properties, especially in western parts of the ... More About: Ahmedabad , West , Part , Eastern
Sikkim all set to Roll its Roulette for Great Gamblers
2008-04-01 05:24:00 The tiny northeastern state of Sikkim is all set to roll its roulette and is gearing up to give Nepal a run for its money, literally. Along with its virgin forests, lofty mountains, mystic valleys, lush green landscapes and spectacular mountain rivers, the Himalayan kingdom is now all set to welcome visitors with state-of-the-art world class ... More About: Great , Roll
Home Loan Rates may go up Soon
2008-03-31 07:28:00 Home loan rates have begun to harden. IDBI Bank has withdrawn the 0.5 per cent cut in rates of home loans and other debt it had announced on Wednesday. Many other banks, say industry experts, are likely to follow suit. Inflation is at a 12-month high of 6.7 per cent, making it costly for banks to ... More About: Home Loans , Home , Loan , Rates , Home Loan
Revised jantri may impact Gujarat`s Realty
2008-03-31 07:22:00 Aimed at bringing the much-needed transparency in Gujarat ’s real estate, the revised Jantri prices ? a ready reckoner for stamp duty ? may further put pressure on realty prices. There is a mixed opinion on whether Gujarat’s real estate sector, which is showing signs of a slowdown, would see a price correction. However, a group of ... More About: Realty
Deutsche Bank picks up 40% stake in Ramprastha
2008-03-31 07:17:00 Deutsche Bank has picked up close to 40% stake in Ramprastha Promoters and Developers, a group company owned by Delhi-based Ramprastha Group for $80 million. Ramprastha Promoters and Developers have been primarily engaged in developing housing projects in the national capital region (NCR). Confirming the deal, Ramprastha group director Arvind Walia, ?We signed the agreement with ... More About: Deutsche Bank
Builders join Hands, Float National Association
2008-03-31 07:16:00 In the first week of March, seven city real estate associations signed bilateral agreements with the newly formed National Association of Realtors - India (NAR- India), which in turn has forged an alliance with National Association of realtors, USA to give itself an international appeal. NAR-India has also kick-started the process of training estate agents for ... More About: Builders , Join , Hands , Pune
DAMAC Properties Signs Up 60 Real Estate Agents Across India
2008-03-31 07:14:00 DAMAC Properties - the largest real estate developers and luxury lifestyle provider in the Middle East signed up with 60 agents in India across metros and tier one cities. DAMAC Properties has taken this initiative to market and sell their regional properties to the Indian investors keeping in mind its philosophy of customer care. Commenting on ... More About: Estate , Real Estate , Agents , Signs
An Upside Down Club Coming to NCR
2008-03-31 06:52:00 The NCR will soon boast of an upside down building. Looking at the building from outside, one could be forgiven for thinking the world has suddenly been inverted. The architectural marvel will be built by Meriton group at its up-market housing project, Orange County, in Indirapuram. Director of Meriton Group, Avnish Agrawal, got the idea of ... More About: Noida , Club , Upside
Realty Mutual Fund?s income to be out of Tax Net
2008-03-31 06:50:00 The uncertainty over the tax-treatment of real estate mutual funds is set to end soon. The government will exempt from tax the income generated by mutual funds which float schemes which aim to invest mainly in the stocks of realty firms. According to a senior revenue department official, real estate MFs and other MFs that ... More About: Mutual fund , Income , Fund , Realty , Mutual
Connaught Place has the 8th Highest Rentals in the World
2008-03-29 04:55:00 Till the other day Connaught Place epitomized the pride of the country. Today, this central Victorian market of New Delhi has climbed up global indices to become one of the most attractive and expensive markets in the world. Synonymous with rising economy of the country, the market speaks volumes of India’s performance in the rapidly transforming ... More About: World , The World , Rentals
Rahejas Challenge Goa Government?s Order to Scrap SEZ
2008-03-29 04:52:00 Real estate major K Raheja has challenged the Goa government?s decision to scrap the approved SEZ before the Bombay High Court. ?We have already made it clear that our SEZ was non-polluting and as such has no reason for the government to stop it. We have invested a lot of money on the project,? said ... More About: Government , Scrap , Special Economic Zones , Challenge , Order
The Next Real Estate Boom Town: Greater Noida
2008-03-29 04:49:00 Greater Noida will soon dethrone the king of real estate ?Gurgaon? in the NCR region and take the hot seat. The Greater Noida Authority is revamping the civic amenities and other infrastructural facilities. Much awaited projects like the international airport at Jewar and 160-km long Noida-Agra Taj Expressway will help in the fast-track growth of ... More About: Estate , Real Estate , Real , Town
Genpact India?s Orissa SEZ proposal rejected
2008-03-29 04:47:00 The much-awaited SEZ proposal by the IT giant Genpact India for setting up a Special Economic Zone (SEZ) here was rejected by the Centre recently. This was revealed by Orissa ’s Industries Minister Biswabhusan Harichandan today while replying a written question of BJP member Mohan Charan Majhi. The minister said that Genpact India had proposed to set up ... More About: Proposal , Special Economic Zones , Rejected
More FDI expected in Indian Realty
2008-03-29 04:44:00 A move is afoot within the government to liberalize the norms for foreign direct investment (FDI) in real estate. The department of industrial policy and promotion (DIPP) has circulated a Cabinet note proposing waiver of two conditions?the three-year lock-in on foreign investment and the minimum investment criteria of $5 million for joint ventures or $10 ... More About: Indian , Realty
Water Crisis in Gurgaon ends
2008-03-28 04:42:00 The Water crisis in Gurgaon ended on Wednesday as the “normal water supply” was restored in all parts of the city. About one third of the population which was fed by tube wells was getting normal water supply during the crisis also but on Wednesday the remaining two third populations also got tap water after four ... More About: Ends , Crisis , Water crisis
Yatra Capital invests Rs 175 cr in Bangalore Property
2008-03-28 04:38:00 Despite fears of slowdown, investments in the Indian properties continue unabated. The Euronext-listed real estate investment company Yatra Capital has invested nearly Rs 175 crore in Bangalore -based property developments. Yatra has invested Rs 111.62 crore in Palladium Constructions, which will develop a mixed complex of retail and residential buildings, for a 30 per cent stake. Yatra ... More About: Property
RBI advises Bankers to give last chance to Defaulter to Repay their Loans
2008-03-27 06:36:00 The Reserve Bank proposes to make it mandatory for banks to give loan defaulters one last opportunity to repay before taking possession of the mortgaged property. In its second draft guidelines on recovery agents released today, RBI said the re-possession procedures should follow the “letter and spirit” of the Indian Contract Act and must provide borrowers ... More About: Loans , Chance , Give
Mangalore Special Economic Zone sells over 82 acres to ISPRL
2008-03-26 05:19:00 The Mangalore Special Economic Zone Limited (MSEZL), which acquired 1,800 acres of land through the Karnataka Industrial Area Development Board (KIADB) in Mangalore taluk, has sold a portion of the land to a public sector crude oil reserve for a whopping sum of Rs 50 lakh an acre. The MSEZL, which is the special purposes vehicle ... More About: Special Economic Zones
Noida Invites Bids for Hotels Near Taj Expressway
2008-03-26 05:13:00 Noida Authority has invited bids to set up nine hotels near the expressway being built to the Taj Mahal in Agra. The Noida authority plans to set up three 5-star hotels, two 4-star hotels and four 3-star hotels. The authority has set a reserve price of 77,000 rupees ($1,919) a square meter (10.76 square feet) and ... More About: Hotels , Noida
Rahejas to enter hospitality sector with Indian Hotels
2008-03-26 05:06:00 Delhi-based Raheja Developers will foray into hospitality sector with the Indian Hotels Company. The realty player will develop six hotels in four years. ?While four of these will be business hotels in Four-Five-Star category, two will be budget hotels,? Navin Raheja, MD, Raheja Developers. Rahejas will develop only one stand-alone hotel in Gurgaon while others will be ... More About: Hospitality , Enter
Bombay HC terms 1,000-acre land as forest
More articles from this author:2008-03-26 05:02:00 The court upholds notices issued by state government in 1956-57 whereby huge tracts of land was declared private forests and subsequently vested with the government Hundreds of residents and leading builders in Mumbai ’s eastern and western suburbs may be adversely affected as the Bombay High Court has announced that developments on more than 1,000 acres ... More About: Terms , Land , Forest 1, 2, 3, 4, 5, 6, 7 |
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