Property News from IndianRealtyNews

Property News from IndianRealtyNews

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DLF Buys Stakes worth Rs 3,085 crore in DLF Assets

Posted: 25 Apr 2010 09:49 PM PDT

DLF Ltd, the country’s largest-listed real estate firm, said one of its units had bought 245 million compulsorily convertible preference shares in a group company, DLF Assets, from private equity firm SC Asia Pte Ltd for Rs 3,085 crore ($696 million). After the deal, the DLF unit’s stake in DLF Assets has risen to 91.9 [...]

Ansal Plans Rs 1,000-crore Township in Gurgaon

Posted: 25 Apr 2010 09:40 PM PDT

Ansal API is returning to Gurgaon after nearly seven years, with a Rs 1,000-crore township project planned in Sector 67. Esencia, the new township, is expected to be launched in May. Ansal had last launched a project in Gurgaon in 1996 and Sushant Lok-III was readied in 2003. "We are back in Gurgaon after a [...]

2010 Witnesses Stability in Office Space Rentals in India

Posted: 25 Apr 2010 09:36 PM PDT

Rents for office space are seen stable in 2010 as increased spending by IT and ITES firms absorbs space put out over the last few quarters, a recent survey by real estate consulting firm C.B. Richard Ellis showed. The market for commercial space in major Indian cities has seen a boost in demand in the [...]

After Successfully Launching Nano Housing Tata now Targets Ultra Luxury Segment

Posted: 25 Apr 2010 09:32 PM PDT

After wooing the common man with products like the Nano and sub Rs 4 lakh housing, Tatas are now targeting the opposite end of the spectrum with plans to develop apartments in a price range of Rs 3-7 crore. “We have successfully launched our low-cost housing and it is currently under execution. Now we have [...]

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