Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Bangalore-Based Century Real Estate Announces Launch of its Residential Project

Posted: 22 Jul 2010 12:29 AM PDT

Bangalore-based Century Real Estate has announced the launch of its new project christened 'Century Paradise' in Bangalore. Located off Bannerghatta Road, with proximity to the Indian Institute of Management, Bangalore, this project, its new offering in affordable housing segment, is a testimony to the company’s design excellence and superior planning capabilities, according to a company [...]

Alok Industries to Sell off its Real Estate Projects

Posted: 22 Jul 2010 12:05 AM PDT

Alok Industries Ltd, an Indian supplier of sportswear to Wal-Mart Stores Inc and Gap Inc, is planning to dispose of its real estate investments to reduce debt and raise money for working capital needs. Alok Industries, India' second-largest apparel and textile manufacturer by market value, had spent about 15 billion rupees ($317 million) since October 2006 [...]

Maytas Infra on Recovery Path

Posted: 22 Jul 2010 12:02 AM PDT

Ramalinga Raju's brainchild Maytas Infra may take some time to become profitable again. But the Hyderabad-based company's management is hoping to be in a better financial position by the end of 2011. "We have come a long way since IL&FS took over the management of Maytas Infra. We have succeeded in getting the debt restructured [...]

Godrej Plans to Convert Hyderabad IT SEZ into Residential Project

Posted: 21 Jul 2010 11:57 PM PDT

Godrej Properties (GPL) plans to convert its information technology (IT) special economic zone (SEZ) project in Hyderabad into a residential one. GPL had bought over 34 acres in Hyderabad in 2006 to set up an SEZ, keeping in view the then boom in the IT sector. “SEZs are no more lucrative following the slowdown in the [...]

CREDAI Expresses Concern over Proposed Real Estate Regulation Bill

Posted: 21 Jul 2010 11:55 PM PDT

In the backdrop of the Ministry for Housing and Urban Poverty Alleviation, GoI planning to introduce major provisions in the proposed Model Real Estate (Regulation of Development) Act, CREDAI had submitted a paper to the Ministry highlighting those provisions which would change the price dynamics in the real estate sector in India. A delegation from [...]

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