Property News from IndianRealtyNews

Property News from IndianRealtyNews

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TOI to Organise Realty Expo in USA to Promote NRI Investment in India

Posted: 30 Apr 2010 10:29 PM PDT

The Times of India is organizing the first ever realty expo in USA titled ‘Your Gateway to India 2010′ to enable NRI Indians to invest in India’s booming $1.2 trillion economy. The Realty Expo will be held in Santa Clara on May 1-2, 2010 and on May 8-9 in Edison, New Jersey - two major [...]

Bangalore Commercial Real Estate Owners Looking to Lure Tenants

Posted: 30 Apr 2010 10:26 PM PDT

With corporates, especially in the IT sector, looking to expand again, commercial space-owners in Bangalore, badly beaten by the real estate market crash, are competing with each other to attract good clients. Space-owners are now "bending over backwards" to get a good client, and consequently, "a lot of hard options are now available for tenants," [...]

Hefty Prices Lead to 50% Decline in Mumbai Property Sales

Posted: 30 Apr 2010 09:33 PM PDT

City developers, who witnessed a revival of sales at hefty prices in the past six months, are now up against buyer resistance. With demand dropping like a stone, the sale of residential flats across segments has nosedived, property experts said. The drop is as high as 50% in some segments. Says Pranay Vakil, chairman, Knight Frank, [...]

2.5% Hike Expected in Housing Prices

Posted: 29 Apr 2010 11:13 PM PDT

Real estate industry on Thursday hailed the concession announced by the government on service tax but said housing cost will still go up by about 2.5 per cent. However, the developers were disappointed that their demand to exclude land cost while calculating the service tax was not met. In his reply to the Lok Sabha, [...]

Two Fold Rise in Sobha Developers Q4 Profit

Posted: 29 Apr 2010 10:12 PM PDT

Real estate developer Sobha Developers’ revenues have more than doubled during the fourth quarter of the financial year 2009-10 on the back of improved sales. Revenues for the quarter stood at Rs 403 crore as against Rs 163.5 crore for the corresponding period of last year. Net profit for the quarter was Rs 55.7 crore [...]

More Bookings Expected in 2010- Unitech

Posted: 29 Apr 2010 09:50 PM PDT

Real estate company Unitech Ltd said on Tuesday it has sold 16.6 million square feet of residential and commercial space during financial year ended March 2010. This is more than five times the bookings clinched in FY09 (three million square feet), when slowdown in the property market and cash crunch faced by various builders had [...]

UAE Realty Major to Launch Integrated Mega Township Projects In India

Posted: 29 Apr 2010 08:54 PM PDT

UAE-based realty major Rakeen has announced plans to launch integrated mega township projects in India, it was revealed to Property Pulse. In an exclusive interview with Property Pulse on the sidelines of just concluded Realty Plus Conclave 2010 held in the Capital, Dr. Khater Massaad, Executive Chairman, Rakeen and CEO, RAK Investment Authority (RAKIA) said [...]

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