Property News from IndianRealtyNews

Property News from IndianRealtyNews

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JLLM Predicts More Rise in Mumbai Residential housing prices

Posted: 21 Apr 2010 12:07 AM PDT

Residential housing prices in Mumbai are expected to move further upside as sales increase and investor sentiments strengthen, a recent real estate report by Jones Lang LaSalle Meghraj (JLLM) said. “Demand for commercial spaces is improving and will continue to do so until the end of 2010. This will translate in to a large number [...]

RBI’s Decision Won’t Impact Housing Demand- Realtors

Posted: 20 Apr 2010 11:41 PM PDT

Real estate developers said RBI’s decision to tighten the monetary policy would not have a negative impact on housing demand, as they do not foresee any increase in home loan rates. “It’s a very balanced and calibrated announcement meant to control inflation. The signals from the PSUs as well as private banks are favourable and [...]

RBI Rate Hike Leads to Real Estate Index Rally

Posted: 20 Apr 2010 11:26 PM PDT

India’s real estate index rallied 3 percent on Tuesday after the Reserve Bank’s decision to hike key interest rates along expected lines, though the industry termed it neutral. India raised interest rates for the second straight month on Tuesday with the Reserve Bank of India raising its key policy rates by 25 basis points each [...]

Mahagun Real Estate Launches Exclusive Residential Project in Noida

Posted: 20 Apr 2010 09:48 PM PDT

Further strengthening its foothold in Delhi and NCR, Mahagun Real Estate Pvt Ltd, one of the leading north-Indian real estate and infrastructure developers has launched Mahagun Moderne, an exclusive residential project in sector 78, Noida. The project is being developed on 25 acres with total residential saleable area of 13 acres and 12 acres of [...]

Ashiana Housing to Mark Big Presence in South India

Posted: 20 Apr 2010 09:44 PM PDT

With the success of its Utsav brand of retirement resorts in northern parts of the country, Ashiana Housing Ltd is now taking the concept down south. The real estate company has identified around seven locations in South India for setting up retirement homes after a survey and will start operations in four places soon. “We [...]

4 Percent Rise in Realty Major Unitech’s Share

Posted: 20 Apr 2010 09:19 PM PDT

Shares in Unitech Ltd rose more than 4 percent on Wednesday after the second-largest listed Indian real estate firm said it would spin off some businesses, including telecoms into a separate company. “Good thing is they can focus on the businesses separately,” said Neeraj Dewan, director at Quantum Securities in New Delhi. “Nobody was happy [...]

DLF Denies Selling DT Cinemas

Posted: 20 Apr 2010 08:41 PM PDT

After failing to sell its DT Cinemas chain to PVR, DLF Group on Monday said it will not put its movie screening business on the block. The company said it will rather operate it as a group company. “Contrary to market speculations, the management of DLF Group confirms that their cinema venture under the [...]

Gujarat to Set up Special SEZ for Defence Sector

Posted: 20 Apr 2010 08:35 PM PDT

With the increased efforts by the Ministry of Defence of opening up opportunities for private sector, the Gujarat government also seems to be leaving no stone unturned. The state government is planning to set up a dedicated special economic zone (SEZ) for offsets in the defence sector. “We have floated the idea of setting [...]

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