Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Ease caps on FDI- US to India

Posted: 08 Jun 2010 04:34 AM PDT

The US has urged India to open up the economy and ease caps on foreign direct investment. Secretary of state Hillary Clinton put forward the request in her opening statement at the India-US strategic dialogue. "We urge India to ease caps on investment markets," she said. The US has been pushing India to ease FDI caps [...]

Lodha to Spend Rs 20 Billion to Build a 117-Storey Residential Tower in Central Mumbai

Posted: 08 Jun 2010 04:10 AM PDT

Mumbai Indian real estate firm Lodha Developers plans to invest 20 billion rupees ($426 million) to build a 117-storey residential tower in central Mumbai, its managing director said on Tuesday. The company, which plans to launch a $650 million initial public offering (IPO) later this year, will start bookings by end of this month and expects [...]

Wal-Mart Gung-Ho on Indian Retail Story

Posted: 08 Jun 2010 03:43 AM PDT

Wal-Mart, the world's biggest retailer, with revenues of US $405 billion in 2010 is trying hard to overcome hurdles to establish a presence in the front-end of the lucrative Indian retail sector. Currently, Wal-Mart has a presence in India in the wholesale segment and back-end supply chain management business and has entered in to a [...]

IndiaReit Plans Project-Specific Fund

Posted: 08 Jun 2010 03:31 AM PDT

Ajay Piramal's real estate fund will launch a property-specific fund that will give investors the opportunity to buy apartments in such projects at a discount. "We will jointly identify residential projects with builders and launch a property-specific fund for the project," chief executive and managing director Ramesh T Jogani said on Tuesday. Investors in [...]

Base rate to help old home loan borrowers

Posted: 07 Jun 2010 10:43 PM PDT

With the base rate era setting in from 1st July 2010, the old home loan borrowers might receive a chance to negotiate for a lower interest rate as it is believed that various banks would be re fixing their lending rates once the base rate sets in. RBI has already stated that the current [...]

HCC Realty to Dilute Stake in Mumbai project

Posted: 07 Jun 2010 10:27 PM PDT

Infrastructure major Hindustan Construction Company (HCC) is in talks with private equity players to offload stake in one of its major project in Mumbai. According to sources, HCC Real Estate is looking at offloading 74 per cent stake in '247' corporate park located in Vikhroli area of Mumbai. The company is expecting to raise [...]

Cinépolis India ties up with Sheth Developers

Posted: 07 Jun 2010 07:21 PM PDT

Cinépolis announced its strategic tie-up with Sheth Developers for their new upcoming mega retail space, Vivacity. The development situated in Thane, Mumbai, will feature a 14 screen megaplex format that will be the largest cinema complex in the country. Four of these screens will be dedicated to Cinepolis VIP, a luxurious and ultra premium cinema experience [...]

Dubai property prices seen to drop another 20%

Posted: 07 Jun 2010 03:40 AM PDT

Dubai house prices, which halved since mid-2008, may drop another 15 per cent to 20 per cent this year on an increase in supply as more real estate projects are completed, Credit Suisse Group said. "We expect residential prices to decline by another 15-20 per cent in Dubai as the oversupply gap peaks in [...]

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