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CREDAI Organises Conference on Formulation of Banking Strategy for Real Estate

Posted: 11 May 2010 11:22 PM PDT

CREDAI NCR, the Delhi-NCR chapter of the Confederation of Real Estate Developers' Associations of India (CREDAI), the apex body of real estate in India, organised a conference on Formulation of Banking Strategy & the Economic Outlook for Real Estate for 2010-11 here. The Summit covered a wide range of topics of interest to the stakeholders in [...]

Delhi to have Real Estate Regulator by Year-End

Posted: 11 May 2010 11:20 PM PDT

Delhi will have real estate regulator by this year-end, Urban Development Minister S. Jaipal Reddy said Thursday. He also said the government was talking to other states to have similar regulators. “The state governments have sounded positive. It would take time to happen. But Delhi will get a regulatory authority for the real estate by [...]

Carrefour Plans to come up with 4-5 Retail Stores in India by end-2010

Posted: 11 May 2010 11:15 PM PDT

Carrefour, the world’s second largest retailer, has secured four properties in four cities across India and plans to set up 4 to 5 cash-and-carry stores by the end of 2010, two sources with direct knowledge of the matter told Reuters. The French retail giant has signed for properties averaging about 100,000 square feet each in New [...]

Downward Trend Expected in Retail Rentals for 2 More Years

Posted: 11 May 2010 11:15 PM PDT

Leading real estate consultants Knight Frank India said retail rentals will continue to be lower in the next two years, except for some locations in Mumbai and Delhi. "The retail space available in the country today is in surplus. So, there will be no upward pressure on rentals except in some locations in Mumbai and Delhi [...]

Reliance Steps into Hospitality Sector

Posted: 11 May 2010 10:25 PM PDT

After entering oil and gas and retail sectors, Reliance Industries (RIL) is now stepping into hospitality through a joint venture with Mumbai-based real estate company Maker Builders. They will build two hotels at the Bandra Kurla Complex in suburban Mumbai. The partners are in final talks with an international hotel chain listed in London -Mandarin Oriental [...]

Mumbai Developers taking Interest in Booming Ahmedabad Realty

Posted: 11 May 2010 09:22 PM PDT

The boom in Ahmedabad realty and the good profits that can be made here have spurred not only the city's realtors into action, but have also attracted some major Mumbai-based players. If sources in the city's real estate sector are to be believed, many of the Mumbai-based builders have plans to come up with affordable [...]

DLF Plans to Widen DT Cinema Presence

Posted: 11 May 2010 08:24 PM PDT

After calling off its plans to sell its DT Cinema chain to PVR, DLF group is now focusing on expanding the business. The DLF management plans to double the number of screens of DT Cinema in the next 1215 months. “The expansion of DT Cinema will be independently funded by DLF group and the company [...]

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