Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

GTC Plot Sold for Rs 591 cr in Mumbai

Posted: 25 Feb 2010 08:57 PM PST

In a city where open plots have all but disappeared, the last of the vast chunks of land are worth their weight in gold. In yet another big-ticket deal—considered to be the largest in over two years — Mumbai-based company Sheth Developers is learnt to have bought the GTC (Golden Tobacco Company) property in Vile [...]

Gujaratis Shifting Base from Mumbai- Ahmedabad Being Preferred for Investment

Posted: 25 Feb 2010 08:54 PM PST

The Maharashtra Navnirman Sena (MNS) and the Shiv Sena's campaign against non-Marathis living in Mumbai is beginning to worry the Gujarati community in that metropolis. It is true that the campaign is directed mainly against North Indians in the city but it is sufficiently unpleasant to make many Gujarati Mumbaikars consider shifting to Gujarat for [...]

Online Trading Facilities Ease NRI Investments

Posted: 25 Feb 2010 08:25 PM PST

For non-resident Indians, in particular, the online facility to trade in the Indian markets is a boon. With the markets currently on the lower side and more volatile than a few weeks back, there is the opportunity for the discreet NRI investor to pick on choice stocks to add to his portfolio. To assist him [...]

Godrej to Announce Acquisitions

Posted: 25 Feb 2010 06:57 PM PST

Godrej Consumer Products Ltd may announce some acquisitions as early as in the financial year beginning April, a top official said on Tuesday. The company has been scouting for acquisitions in personal care products, haircare space and household categories. “We are looking at several acquisitions and we hope to announce some early in the next [...]
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NuWire Investor Weekly 2/25/2010

 
NuWire Weekly
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February 25, 2010
Featured Articles
Economic Metrics
Housing starts. PPI. Same-store sales. Weekly jobless claims. Philly Fed. Lagging indicators. Core CPI. Industrial production. When it comes to...read more
Homes
The White House $1.5-billion bail-out of troubled homeowners will help only a small fraction of those in need of aid, administration...read more
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Dollars
Is the U.S. Federal Reserve finally launching its "exit strategy?" When the nation's central bank boosted the discount rate last week, it... read more
Private Loans
Private mortgage loans can provide professional real estate investors with quick and more flexible access to funding for investment...read more
New Home Construction
The US could be heading for a national housing shortage this year despite the real estate sector struggling with healthy inventories, three...read more
  
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

Wadia sells Four-Storey Commercial Building at Worli to Axis for Rs 640 crore

Posted: 24 Feb 2010 10:02 PM PST

A new four-storey commercial building at Worli is being sold for Rs 640 crore, pitching it as one of the costliest in the country. The Nusli Wadia-led Wadia Group has finalised the mega deal with Axis Bank, which is planning to shift its headquarters to the building. The deal generated a lot of interest in Mumbai’s [...]

DB Realty Fails to Make a Mark

Posted: 24 Feb 2010 09:59 PM PST

DB Realty, the second property developer to list this year, and Emmbi Polyarns made weak debuts in a choppy market on Wednesday. DB's disappointing listing was contrary to investors' expectations of a strong opening, though the stock managed to recoup most of the early losses. The stock, which fell to a low of Rs 412.50 [...]

Indian Real Estate Sector Cautious about Expansion

Posted: 24 Feb 2010 09:35 PM PST

It's at the cusp of a recovery, but India's usually aggressive real estate sector is being cautious about expansions this time. Excesses by large realty firms—such as aggressive land buying, massive projects with long gestation periods, and venturing into new territories such as power and logistics—as well as the downturn had pushed the sector into [...]

Govt as well as Realtors to Focus on Affordable Housing

Posted: 24 Feb 2010 08:47 PM PST

Last year the Indian real estate market was badly hit by financial turmoil that resulted in low demand and huge amount of debt. However, it didn't change the fact that by 2010 India will be facing a shortage of over 25 million homes all mostly in the affordable housing space. Industry experts say this year [...]

Trikona Advisers claims Rs 800 cr damages

Posted: 24 Feb 2010 06:48 PM PST

Trikona Advisers (TAL), the erstwhile advisor of UK-based, India-focused real estate company Trikona Trinity Capital Plc (TRC), today said it would claim £112 million (Rs 800 crore) in damages from the latter for "unlawful attempt to terminate'' the management agreement with it. TAL said TRC, a London Stock Exchange-listed company, terminated the agreement six years [...]
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