Property News from IndianRealtyNews

Property News from IndianRealtyNews

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DLF Pulls Out of IT SEZ Project in Chennai

Posted: 13 May 2010 12:52 AM PDT

Concerned over the delay in getting clearance from the Centre for its IT SEZ in Chennai, India's largest developer DLF has decided to pull out of the project, communicating the same to Tamil Nadu government. Tamil Nadu's deputy chief minister MK Stalin informed the state assembly on Tuesday that DLF is keen to exit the [...]

Wal-Mart to Open 10-12 Wholesale Retail Stores in India

Posted: 12 May 2010 10:20 PM PDT

Wal-Mart Stores Inc, the world’s biggest retailer, will accelerate its rollout of wholesale stores in India, a crucial growth market that has long frustrated overseas operators with restrictive rules. Raj Jain, chief of Indian operations for Arkansas-based Wal-Mart, said the firm now expects to open 10-12 wholesale centres in India over two-to-three years, from an [...]

Knight Frank India Predicts Growth in Modern Retail- Expected to cross Rs.200 bn in 2012: Report

Posted: 12 May 2010 06:44 PM PDT

Knight Frank India, the country's leading independent global property consultants, has predicted that modern retail will grow from Rs.74 billion in 2009 to Rs.203 billion in 2012, whereas the Real Estate Retail Potential (RERP) will increase from Rs.79 billion to Rs.216 billion. The model also predicts that in 2012, Mumbai will continue to face the [...]

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