Property News from IndianRealtyNews

Property News from IndianRealtyNews

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FDI in Retail Remains Uncertainity

Posted: 15 Apr 2010 10:33 PM PDT

Unease and uncertainty has been provoked among international food retailers in India by new restrictive guidelines issued that limit the already-restricted foreign investment in the country's organised retail sector. India's retail sector has held back foreign direct investment (FDI) but many in the sector was expecting a gradual liberalisation of rules on the ability of [...]

Reconsider service tax on housing complexes- Reddy Requests Mukherjee

Posted: 15 Apr 2010 09:21 PM PDT

Union urban development ministry has urged the finance ministry to take a re-look at the service tax imposed on housing complexes under construction as it feels that the levy will push housing out of the common man’s reach and hurt the real estate sector, which is yet to recover from the global economic slowdown. Urban [...]

Mumbai and Delhi top Investor Friendly Market List

Posted: 15 Apr 2010 09:17 PM PDT

Even though real estate prices in all major metros have been consistently rising over the past six months, investors can still make profit in real estate markets of Mumbai and New Delhi which enjoy the legacy of locational advantage. Leading international property consultancy —Knight Frank and Citi Private Bank —have in their Wealth Report 2010 [...]

Leading Indian Real Estate Firms Seek Exemption from IFRS

Posted: 15 Apr 2010 09:00 PM PDT

Some of India's large real estate firms are seeking exemption from adopting the proposed International Financial Reporting Standards (IFRS) from the next fiscal year. All real estate companies that form part of the NSE's Nifty-50 or BSE's Sensex-30, will have to report financial returns according to the stringent revenue recognition norms laid down by the [...]

HDFC Revives Teaser Home Loan Rates to Secure Market Share

Posted: 15 Apr 2010 08:11 PM PDT

Housing Development Finance Corporation, or HDFC, the nation's biggest mortgage company, has revived its teaser home loan rates for two weeks to protect market share as rival State Bank of India gets customers after sticking to its special rates till the month end. HDFC chose a short period for special schemes since it expects a [...]

Bhartiya to Develop Mega Urban City in Bangalore

Posted: 15 Apr 2010 08:06 PM PDT

Bhartiya Urban Infrastructure & Land Development Co, a wholly-owned subsidiary of Bhartiya International Ltd, has sketched a master plan to develop a mega urban city within the peripherals of Bangalore. The Rs 15,000 crore mixed-use development project — Bhartiya City — would come up over 100 acres near Bangalore International Airport Ltd (BIAL) incorporating 2 [...]

Mumbai’s Hiranandani Group Plans 2000 cr Investment in Commercial Residential and IT Sector

Posted: 15 Apr 2010 08:03 PM PDT

Hiranandani Group, Mumbai's leading real estate company, plans to launch projects worth Rs 2,000 crore across residential, commercial and IT segments in this financial year. The new projects will be launched at Thane, Ahmedabad and Pune, and Kandiwali, Chembur, and Panvel areas in Mumbai. While 70 per cent of this new development will be in [...]

Buyers of Scam Hit Maytas Properties Feel Let Down by Govt

Posted: 15 Apr 2010 08:01 PM PDT

The Hill County Home Owners Welfare Association, a group of property buyers in the scam-hit Maytas Properties, feels let down by the Government as it is yet to help resolve the problem by finding a suitable strategic partner to carry on the project. While Satyam Computer Services Ltd and Maytas Infra Ltd, also affected by [...]

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