Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Govt to Rope in Major Developers to Promote Green Housing in India

Posted: 14 May 2010 12:31 PM PDT

With a view to reduce carbon emissions, the government will soon rope in major real estate developers for voluntary adoption of a set of new guidelines on building low energy consuming green housing complexes. The move is part of the government’s national action plan on climate change. The ministry of new and renewable energy (MNRE) has [...]

10 to 20 Percent Decline Expected in Mumbai and NCR Delhi Real Estate Bookings

Posted: 14 May 2010 12:27 PM PDT

Real estate prices for new bookings in Mumbai and NCR Delhi are expected to be 10 to 20 per cent lower than prevailing market rates feel analysts as developers are still bogged down by unsold inventory in projects in these areas. Though absorption of unsold flats have gone up in the last six months due to [...]

Surge in Q4 net of DLF

Posted: 14 May 2010 12:24 PM PDT

India’s DLF Ltd (DLF.BO) on Friday reported its quarterly net profit more than doubled, as demand for homes revived in the country’s property market after being hit hard by an economic downturn. Prices in India’s $50 billion property market have moved up by a third in some key cities from last year’s lows after a [...]

Home Land Continues to Attract NRIs for Investment

Posted: 14 May 2010 12:20 PM PDT

The Indian economy has emerged as one of the most robust economies of the world, as was evident during the recent global meltdown. Despite the difficult times, investments in our home land continue to be lucrative to Non Residents Indians (NRI). Funds invested in India not only yield higher returns when compared to investments in [...]

Revival in Economy Shoots up Retail Presence in Urban India

Posted: 13 May 2010 10:20 PM PDT

With the economy now on the revival path, organised shopping centres and malls have considerably increased retail presence in Key Urban Towns (KUTs) and the Rest of Urban India (ROUI), a report has said. The Ernst and Young report said that the percentage of growth in the number of malls in KUTs was more than double, [...]

Bangalore Based Realty Player Targets Rs 5,000 crore biz by 2015

Posted: 13 May 2010 10:09 PM PDT

Bangalore-based realty player Nitesh Estates, which listed its shares on the bourses on Thursday, expects to clock in nearly Rs 5,000 crore by end-2015 on the back of a strong pipeline of residential and commercial projects. “We target a total revenue of Rs 4,000-5,000 crore within the next four to five years,” Nitesh Estates [...]

Infrastructure Major Larsen & Toubro Entering into Hotel Industry

Posted: 13 May 2010 09:19 PM PDT

After building hotels for the likes of Tata Group (Indian Hotels Co Ltd) and Oberoi Group (EIH Ltd) for years, infrastructure major Larsen & Toubro (L&T) is setting up its own. According to a report published in DNA, The company has identified four markets for its hospitality business foray. The hotel projects, including budget, mid-market, business [...]

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