Property News from IndianRealtyNews

Property News from IndianRealtyNews

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New Delhi most Expensive Indian City in Terms of Cost of Living

Posted: 01 Jul 2010 09:52 PM PDT

New Delhi has emerged as the most expensive city for expatriates in terms of cost of living, according to a survey by global HR consultancy Mercer said. However, the cost of living in Indian cities still happens to be cheaper than 84 cities in other parts of the world, the ‘2010 Cost of Living Survey’, [...]

India Moves up on Most Preferred Retail Market List

Posted: 24 May 2010 07:35 PM PDT

India has moved five places up on the list of most preferred markets for retailers due to heightened interest from international companies in emerging markets, according to a study which tracks the presence of top retailers worldwide. India moved to the 39th position in 2009 from number 44 in 2008. Nearly 22 per cent of [...]

DLF sees Revival in Commercial Leasing Sector

Posted: 24 May 2010 06:32 PM PDT

After several quarters of muted growth, DLF Ltd, the largest real estate developer in the country, sees revival in the commercial leasing sector, especially in the IT and banking space. The realtor is expecting to lease 3-4 million square feet (msf) of commercial office space in fiscal 2011, a growth of 390-520% over 0.76 msf [...]

Service Tax Haunts Flat Buyers

Posted: 24 May 2010 05:58 PM PDT

Already burdened by galloping property prices, flat buyers are now faced with another fait accompli. For the past one month, many city builders have been asking purchasers to start paying up the 2.5% service tax announced in the Union budget . For example, if the value of the flat is shown as Rs 1 crore [...]

Iconic Tower could be fully Residential

Posted: 24 May 2010 05:04 PM PDT

After several failed attempts to lease out its six-acre Wadala plot for an iconic tower, the Mumbai Metropolitan Region Development Authority (MMRDA) has tweaked tender conditions, which industry sources say, may help it fetch a record price when bids are opened on Tuesday. With a reserve price set at Rs 1,980 crore and a deferred [...]

Bombay Dyeing sells Worli building to Axis Bank for Rs 782 crore

Posted: 24 May 2010 03:38 PM PDT

In one of the largest transactions in recent times, Bombay Dyeing has sold a four lakh sq feet office building in Worli to Axis Bank for a staggering Rs 782 crore. Axis Bank plans to shift its corporate headquarters from Cuffe Parade to this eight-storeyed tower located within the Bombay Dyeing mills compound. Durgesh Mehta, [...]

NCR Based Developer LandCraft Announces Launch of Residential Project in Ghaziabad

Posted: 22 May 2010 10:27 PM PDT

NCR-based real estate developer LandCraft Developers Pvt Ltd has announced the launch of its second residential project - River Heights Status - on NH 58, which is coming up adjacent to its first project River Heights on NH-58 at Raj Nagar Extn in Ghaziabad, Uttar Pradesh. The project’s 756 residential units are being developed on an [...]

Investors Taking Interest in Real Estate Sector

Posted: 20 May 2010 08:32 PM PDT

Real estate financing in India has changed significantly over the past 50 years for both developers and buyers. Real estate developers have seen the universe of funding agencies expanding from unorganised moneylenders to the entire gamut of funding sources, including loans from banks and housing finance institutions (HFIs), private equity, public equity offerings, bonds, and [...]

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