Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Hospitality Chain Country Club to Invest Rs 100 Crore in New Properties

Posted: 19 Apr 2010 12:18 AM PDT

Leading hospitality chain, Country Club India Ltd (CCIL), plans to invest around Rs 100 crore this fiscal in its latest venture — Country Club Grand Fractional Ownership Club, a top company official has said. "We will invest about Rs 100 crore in four properties in our new venture (CCGFOC). With this, we will have [...]

Developers shifting Focus on High End Apartments

Posted: 19 Apr 2010 12:13 AM PDT

On the back of a revival in demand, real estate developers are again building super luxury apartments, say experts. Consultancy firms Jones Lang Lasalle Meghraj (JLLM) and Knight Frank India said there are about 7,000 such apartments to be delivered within a year in Mumbai alone, where the cost is not below Rs4.7 crore for [...]

Vision India Plans to Develop Logistics parks in Bangalore, Chennai

Posted: 19 Apr 2010 12:10 AM PDT

Integrated property development and asset Management Company Vision India Real Estate Pvt Ltd is planning to develop logistics parks in Bangalore and Chennai, with an outlay of $110 million. “Our focus areas are Bangalore, Chennai and Hyderabad. To start with, we will be building a logistics park in Bangalore (52 acres, outlay $60 million) and [...]

Loan Data from Banks can be a Reliable Source to Monitor Real Estate Prices-RBI

Posted: 19 Apr 2010 12:04 AM PDT

Data obtained directly from banks and housing finance companies are considered to be more reliable source of information for monitoring real estate prices. An RBI appointed expert group said such data be collected from the top 13 centres such as Greater Mumbai, Chennai, NCR Delhi, Bangalore, Hyderabad, Kolkata, Pune, Jaipur, Greater Chandigarh, Ahmedabad, Lucknow, Bhopal [...]

Oversupply Puts Pressure on Commercial Rental Valuation

Posted: 19 Apr 2010 12:01 AM PDT

Oversupply in the commercial real estate space will continue to put pressure on the rental values despite a marginal increase witnessed across major metros in the country, the latest 'Office Market View' by international property consultants CB Richards Ellis said. The report that covers pricing trends for the first three months of this year said the [...]

Humongous Demand of Affordable housing in Chennai suburbs

Posted: 18 Apr 2010 11:57 PM PDT

The city is fast expanding, and proof of this is the fact that about 7,000 housing units are developed in Chennai Metropolitan Area (CMA) annually. More than 95% of them are promoted in the suburbs. Still, the city faces a shortage of more than one lakh houses. At least 50% of them are in the [...]

Hospitality Chain Country Club to Invest Rs 100 Crore in New Properties

Posted: 18 Apr 2010 10:13 PM PDT

Leading hospitality chain, Country Club India Ltd (CCIL), plans to invest around Rs 100 crore this fiscal in its latest venture — Country Club Grand Fractional Ownership Club, a top company official has said. "We will invest about Rs 100 crore in four properties in our new venture (CCGFOC). With this, we will have [...]

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