Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Real Estate Sector Looking Forward to Successful Execution

Posted: 23 Feb 2010 09:41 PM PST

After a year of consolidation and successful fund-raising, the Indian real estate sector is looking at 2010 as a year to build on the foundation made. While concerns over liquidity and demand constraints have eased, developers are looking to execute the planned projects to maintain cash flows rather than raise more debt. In 2009, the [...]

DLF Pricing its New Delhi Housing Project 60% Higher than its Previous Launch

Posted: 23 Feb 2010 09:38 PM PST

In the strongest endorsement yet of the turnaround in the real estate sector, DLF Ltd, India's largest developer, is pricing its housing project in Delhi 60% higher than its previous launch. The project, Capital Greens 3, which is expected to be launched next month, has been tentatively priced at Rs 12,000 per square foot, according [...]

Kolkata Office Space Rentals Remain High

Posted: 23 Feb 2010 09:32 PM PST

For those who believe Kolkata as a business destination has been out of favour after the unceremonious exit of Tata Motors’ Nano project in October 2008, a realty check offers an interesting insight into the reality. Office space rentals in Kolkata remains higher than the more fancied Bangalore, Chennai and Hyderabad, a clear indication that [...]

Banks ask RBI to Clarify Pricing of Old Home Loans

Posted: 23 Feb 2010 09:21 PM PST

Banks have sought clarity from RBI on pricing of old home loans once the new 'base rate' regime sets in. Loan agreements, stretching for 15-20 years, have no provision for replacing the prime lending rate (or PLR) — the anchor interest rate to which the floating rates are linked. However, RBI has told banks to [...]

No Hike in Interest Rates Confirms SBI

Posted: 23 Feb 2010 09:15 PM PST

RBI hiked the cash reserve ratio by 75 basis points but the increase in overall credit was still moving at snail’s pace. Keeping this in mind, India’s largest lender State Bank of India (SBI) announced on Monday that the lending rates would not be changed much and would largely remain stable for the coming 5-6 [...]

Emaar to Set up Private University in India

Posted: 22 Feb 2010 08:52 PM PST

Emaar Education, a subsidiary of real estate company Emaar Dubai, is setting up a private university in India, a newspaper reports has said. “We have a plan to start the Raffles International University in Jaipur, which will provide higher education in business studies, information technology, science, art, hospitality and other subjects,” Emaar Education Vice-President, Marketing [...]

Godrej to Announce Acquisitions

Posted: 22 Feb 2010 08:51 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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