Property News from IndianRealtyNews

Property News from IndianRealtyNews

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REDCO Institute of Real Estate Management to Train Gurgaon Realtors

Posted: 22 Jun 2010 06:18 PM PDT

Around 40 realtors in Gurgaon have joined a training programme to improve their understanding of legal and professional issues related to property. The pilot training project, a public-private partnership, commenced on Monday by the REDCO Institute of Real Estate Management — the 40 realtors form the first batch of this six-day training course. According to [...]

CREDAI Strengthens Presence in South Indian States

Posted: 22 Jun 2010 05:30 PM PDT

The state chapter of the Confederation of Real Estate Developers' Associations of India (CREDAI), Tamil Nadu, the apex body for real estate developers in the country, recently announced the launch of its Coimbatore, Madurai and Tiruchy chapters. Realty organisations from across Coimbatore, Madurai and Tiruchy would now be a part of CREDAI Tamil Nadu for [...]

Abu Dhabi firm plans to build “space city” near Bangalore

Posted: 22 Jun 2010 03:32 PM PDT

Abu Dhabi-based Marib Holdings LLC plans to build a “space city” in Chikkaballapur district, about 90 km from Bangalore, at an investment of Rs 18,400 crore ($4 billion). The project, which received in-principle approval of the state government Saturday, includes setting up of an entertainment theme park on the lines of Disneyland in an integrated [...]

DLF Seeks to Cut Debt by Selling Aman Resorts chain

Posted: 21 Jun 2010 04:40 PM PDT

DLF is seeking to sell its controlling stake in the Aman Resorts luxury hotel chain as part of a plan by India’s largest property developer by sales to cut its high debt levels by about Rs50bn ($1.1bn). The Indian developer - hit hard by the slowdown in India’s real estate market during the global financial [...]

1-BHK flat in Mumbai sold for Rs 4.5 cr

Posted: 21 Jun 2010 04:01 PM PDT

In a bonanza for residents of a Khar housing society, a builder has been buying off their mid-sized flats, paying each family between Rs 4 crore and Rs 5.5 crore. Mumbai-based Parinee Developers claims to have shelled out between Rs 4 crore to Rs 4.5 crore for a one-BHK flat and Rs 5 crore to [...]

Sayaji Hotels wins five-star hotel project

Posted: 21 Jun 2010 03:48 PM PDT

Hospitality firm Sayaji Hotels said the firm in partnership with Kohinoor Hospitality Pvt Ltd has been awarded a five-star hotel project on a build and operate basis in Madhya Pradesh. The MP government’s tourism department has awarded the project, Sayaji Hotels said in a filing to the Bombay Stock Exchange. It has been given land at [...]

Ashiana plans retirement resort at Lavasa

Posted: 21 Jun 2010 03:47 PM PDT

Ashiana’s target is to bring retirement resorts to at least 10 locations by 2013. Ashiana will move to southern part of the country to explore the possibility of setting up retirement resorts in key cities of south India such as Chennai, Coimbatore, Kochi and Bangalore. It also intends to set up retirement resorts for senior [...]

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