Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Sunil Mantri Group Launches Gated Community Project in Maharashtra

Posted: 03 Jun 2010 08:13 PM PDT

With an aim to continue setting new bench-marks in the western zone, real estate developer Sunil Mantri Group in association with Kumar Yashraj Group, a leading Solapur-based developer, has launched The Square, a first of its kind gated community project in Solapur, Maharashtra. Spread across 27,000 square metres, the project encompasses residential, commercial and retail [...]

DLF Targets 15% Growth in Rental Income This Financial Year

Posted: 03 Jun 2010 08:06 PM PDT

DLF is planning to lease out up to 4 million square feet of commercial space and raise its rental income by 15 per cent in this financial year. "Leasing volumes of commercial space have improved in better locations. However, it is not the same as it was in 2007, but higher than 2009," said Ramesh Sanka, [...]

Omaxe to come up with low-cost housing project in Allahabad

Posted: 03 Jun 2010 08:03 PM PDT

New Delhi-based realty firm Omaxe has announced plans to develop an affordable housing project in Allahabad with an expected sales realisation of over Rs 150 crore. The 20 acre project Naffhil Homes will be a part of 1,535 acre hi-tech city in Allahabad. The company would offer 920 flats at a price range of Rs [...]

HDIL Looking at Transfer of Development Rights Sales

Posted: 02 Jun 2010 07:57 PM PDT

Housing Development & Infrastructure Ltd (HDIL), the Mumbai-based real estate developer, is looking at transfer of development rights (TDRs) sales of 5-6 million square feet in the current fiscal as it looks to maintain its annual run rate. The new target is lower than then its last fiscal TDR sales of 6.5 million sq [...]

Tishman Speyer Plans to Expand its Presence in India

Posted: 01 Jun 2010 06:58 PM PDT

Tishman Speyer, one of the world’s leading real estate developers, unveiled its first property in Hyderabad and said it is looking to expand its operations to Mumbai and Delhi. This is the company's first property in Asia. Company chairman Jerry Speyer told reporters after the opening of its IT park in the city that Tishman [...]

Govt to Disallow IT Companies in SEZs

Posted: 01 Jun 2010 06:13 PM PDT

MEPZ Special Economic Zone, one of the seven export processing zones (EPZs) set up by the Indian government, has decided not to encourage any more IT companies to set up shop in the zone. The decision comes from the administration to check the growing occupancy by the IT companies in the zone, which was meant [...]

Ansal Reports 131 Per Cent Rise in Consolidated Net Profit

Posted: 01 Jun 2010 06:00 PM PDT

Real estate developer Ansal API on Tuesday reported a 131 per cent rise in consolidated net profit to Rs 71 crore for FY’10. The company had recorded a Rs 30.69 crore net profit in 2008-09, it said in a statement. Ansal API’s total income grew 15 per cent to Rs 871.32 crore in 2009-10 compared [...]

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