Property News from IndianRealtyNews

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• MMRD Tries to Push Rental Housing Project in Mumbai
• HDFC Follows SBI, Keeps Loan Rates Unchanged
• M&M and Adani Interested in Buying DLF’s insurance stake
• M&M Group Interested in Setting up 250 acre SEZ near Bangalore
• Govt Refusal to Remove Service Tax May Lead to Hike in Property Prices

MMRD Tries to Push Rental Housing Project in Mumbai Posted: 06 Jul 2010 03:44 AM PDT Officials at the Mumbai Metropolitan Region Development Authority (MMRDA) are trying to push one of the worst recession-hit endeavours — the rental housing project in Mumbai. In a bid to give the project a much-needed push, MMRDA has now decided to commence work on five new sites where as many as 9,000 tenements will be constructed. One [...]

HDFC Follows SBI, Keeps Loan Rates Unchanged Posted: 06 Jul 2010 03:42 AM PDT With SBI keeping its teaser rate unchanged, mortgage major HDFC too left its rates unchanged. The home finance major said it would extend its dual rate offering till the end of March 2011, with the rate till March 2011 fixed at 8.25 per cent. From April 1, the rate will be fixed at 9.25 per [...]

M&M and Adani Interested in Buying DLF’s insurance stake Posted: 06 Jul 2010 03:40 AM PDT DLF Ltd's 74 per cent stake in DLF Pramerica Life Insurance Co. Ltd is reportedly on the block. Mahindra group and Adani Enterprises Ltd are among the interested buyers, according to sources. Mahindra's deputy general manager, corporate communications and DLF Pramerica's Kapil Mehta declined comment because they said the news was speculative. Adani's chief financial officer Devang [...]

M&M Group Interested in Setting up 250 acre SEZ near Bangalore Posted: 05 Jul 2010 11:51 PM PDT Mahindra & Mahindra (M&M), the diversified business group, plans to set up a 250-acre special economic zone (SEZ) catering to the aerospace sector near the Bangalore International Airport. According to a state government official, the M&M group has shown interest in setting up the SEZ which is going to be built under a public private [...]

Govt Refusal to Remove Service Tax May Lead to Hike in Property Prices Posted: 05 Jul 2010 11:38 PM PDT Real estate prices may go up with a plea of Urban Development Ministry for withdrawal of 2.5 per cent service tax from the sector not being heeded to by the Finance Ministry. The Budget for 2010-11 proposed a service tax of 2.5 per cent on all under-construction projects in the real estate sector. The Urban [...]

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