Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Real Estate Companies Looking to Tap Capital Market this Year

Posted: 11 Apr 2010 10:37 PM PDT

With the stock markets perking up and the real estate sector’s health also recovering, about 15 mid-and-large realty players are looking at tapping the capital market this year, a real estate expert said. About 15-odd real estate companies are aiming to list in 2010. Apart from the already successfully-listed DB, these include both mid-level and [...]

SEBI to Conduct probe Against DLF’s ‘mis-statement’ in RHP

Posted: 11 Apr 2010 10:35 PM PDT

The Delhi High Court has directed stock market regulator SEBI to conduct probe against real estate giant DLF for alleged mis-statement in its Red Herring Prospectus while launching its IPO in 2007. The court passed the order after it was alleged by a person that the DLF had intentionally made a false statement that it [...]

Mitsui to Invest in Reliance’s Haryana SEZ

Posted: 11 Apr 2010 09:34 PM PDT

Mukesh Ambani-controlled Reliance Industries (RIL) is likely to rope in Japanese firm Mitsui as an investor in its special economic zone (SEZ) project in Haryana, a clear indicator that the project is finally taking off. Mitsui has given a letter of intent to Reliance to pick up 350-400 acres of land in the SEZ to [...]

Changed FDI Norms can make Foreign Investment Difficult

Posted: 11 Apr 2010 09:33 PM PDT

Foreign venture capital funds will find it more difficult to invest in venture funds here with the government changing the foreign direct investment (FDI) rules. Experts fear this could dampen foreign investments into India. The new rules say foreign funds will now require prior approval for investment in Indian venture funds and they cannot invest [...]

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