Property News from IndianRealtyNews

Property News from IndianRealtyNews

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RBI Likely to Raise Key Policy Rates

Posted: 26 Jul 2010 02:41 AM PDT

Faced with the menace of double-digit headline inflation, the Reserve Bank is likely to increase key policy rates by at least 25 basis points in its first quarterly review of the monetary policy on Tuesday, say bankers. “I think there could be a small hike in the repo and reverse repo rate of say 25 [...]

SEZ Developers Urge Govt to Retain SEZ Act

Posted: 26 Jul 2010 02:40 AM PDT

Special economic zone (SEZ) developers are peeved over the continued uncertainty created by the direct tax code (DTC) drafts, released by the union finance ministry, over tax benefits prescribed by the SEZ Act. They want the central government to retain the SEZ Act, as passed by the Parliament, as they fear linking it with the [...]

Chennai-Based Developer Sterling Springdale comes up with Pool Villas in Chennai

Posted: 26 Jul 2010 02:36 AM PDT

The Chennai-based developer Sterling Springdale Properties has come out with an exciting project offering independent pool villas amidst lush greenery less than an hour’s drive from the city. The project is being promoted as a good opportunity to invest in a farmhouse. The company is targeting the high-end executives working in and around the Sriperumbudur [...]

Transport Corp Plans to List TCI Developers Limited

Posted: 26 Jul 2010 02:33 AM PDT

Transport Corporation of India (TCI) will list the property development arm in 2010-11 after demerging. After getting the approval from the board and shareholders, TCI now awaits the Andhra Pradesh High Court nod for formalising the demerger. "After we get the court nod, we will go to stock exchanges for listing TCI Developers Limited," said Vineet [...]

DLF to Buy Property Arm of Dubai World

Posted: 26 Jul 2010 02:31 AM PDT

DLF is buying out the property arm of Dubai World, its foreign partner in the 50:50 joint venture to make Bidadi Knowledge City. A wholly-owned arm of DLF will buy out the stake owned by Limitless Group, which is a part of Dubai World, for around Rs 200 crore, the Economic Times reported, citing sources [...]

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