Property News from IndianRealtyNews |  |
- Wadia sells Four-Storey Commercial Building at Worli to Axis for Rs 640 crore
- DB Realty Fails to Make a Mark
- Indian Real Estate Sector Cautious about Expansion
- Govt as well as Realtors to Focus on Affordable Housing
- Trikona Advisers claims Rs 800 cr damages
| 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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