Property News from IndianRealtyNews

Property News from IndianRealtyNews

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No Change in Home Loan Rates for Now

Posted: 30 Jul 2010 12:20 AM PDT

Retail bank customers need not worry about any rise in the equated monthly installments (EMIs) on their home loans with banks expected to absorb the rate hikes by Reserve Bank of India. The special home loan rates of banks will continue for now. OP Bhatt, chairman and managing director of State Bank of India, said [...]

Chennai-based Oriental Hotels Ltd Plans Expansion

Posted: 30 Jul 2010 12:16 AM PDT

Chennai-based Oriental Hotels Ltd is planning to expand its footprint by adding more hotels. The company will add two more properties to its existing eight in the next two years, when its total room inventory will be 1,250. Currently, the company’s eight properties are managed by Taj. The proposed properties in Coimbatore and Bangalore will [...]

Sobha Developers Reports Whopping 170 per cent Hike in Q1 Net Profit

Posted: 30 Jul 2010 12:13 AM PDT

Real estate firm Sobha Developers has reported a whopping 170 per cent jump in net profit for the first quarter of the current fiscal at Rs 34.3 crore, on the back of a 78 per cent increase in total income. The Bangalore-based firm had reported Rs 12.7 crore net profit during the quarter ended June, [...]

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