Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Mumbai Housing Prices Surpass Pre-Crisis Level

Posted: 05 Jul 2010 04:36 AM PDT

Ashok Towers apartments in Mumbai's Parel area command a stratospheric Rs 28,000-29,000 per sq ft. This is higher than what developers were charging at the peak of the property market boom during 2007-08. The prices then were Rs 25,000-26,000 per sq ft. During the 2008-'09 slowdown, the rates had hit a low of Rs 16,000-Rs [...]

Hyderabad NRIs Shying Away From Investment in Real Estate

Posted: 05 Jul 2010 04:29 AM PDT

The 'Non-Resident Hyderabadi' junta is giving city realtors a hard time. With most of these globe-trotters deciding against investing in real estate this year, city builders are already bracing themselves up for a 40-50 per cent drop in their 2010 earnings. Realtors say that the otherwise lucrative months of July and August, when vacationing NRIs [...]

Real Estate Developer Ozonegroup has raised Rs 200 crore from Private Placements for Bangalore Project

Posted: 05 Jul 2010 03:38 AM PDT

Real estate developer Ozonegroup has raised Rs 200 crore from private placements for its upcoming integrated township project in Bangalore. The company has tied up with Urban Infrastructure Venture Capital for Rs 200 crore , said K. Shashidhar Pai, chief financial officer, Ozonegroup. Urban Infrastructure Venture Capital (UIVC) has now invested Rs 200 crore in upcoming [...]

ICICI Venture Plans to Launch Rs 1,000-Crore Real Estate Fund

Posted: 05 Jul 2010 01:32 AM PDT

ICICI Venture plans to launch Rs 1,000-crore real estate fund by the end of this month to invest in residential projects in the country, according to sources.  ICICI Venture which is planning to close the fund in 6-12 months, would invest in top seven cities. It is also looking to launch an offshore fund by [...]

Realty Price Index in its Final Stage- Data Based on Property Prices in 13 Cities

Posted: 05 Jul 2010 12:53 AM PDT

The yet to be finalized real estate price index should be based on property prices in 13 cities, a committee has recommended. The committee, which has submitted the report to Reserve Bank of Indian (RBI), has said the data can be collected from Greater Mumbai, Chennai, the National Capital Region of Delhi, Bangalore, Hyderabad, Kolkata, Pune, [...]

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