Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Commercial Real Estate Faces the Problem of Supply Overhang

Posted: 05 Aug 2010 02:50 AM PDT

India’s realty sector is likely to face the problem of plenty with office rental space set to outstrip demand resulting in a further drop in rentals, according to a report released on Tuesday. “With the forecast growth of net completions expected to outpace that of net absorption, a significant supply overhang is expected to remain [...]

Unitech Ends Joint Venture with Mumbai-based Omkar Realtors Developers

Posted: 05 Aug 2010 02:46 AM PDT

Unitech Ltd, India's No. 2 realtor by market capitalisation, is completely exiting Unitech Omkar, its joint venture with Mumbai-based Omkar Realtors Developers, DNA has reported, citing sources close to the development. Though the venture had fallen apart in May, the partners were believed to have decided to continue the projects launched by the company as individual [...]

L&T Bags Hyderabad Metro Train Project

Posted: 05 Aug 2010 02:39 AM PDT

The Andhra Pradesh government has decided to award the Rs 12,132-crore Hyderabad Metro Rail Project to Larsen and Toubro (L&T). The state Cabinet, which met on Wednesday under the chairmanship of chief minister K Rosaiah, approved the recommendations of a three-member committee to award the project to L&T that has emerged as the lowest bidder. L&T has [...]

Andhra Pradesh State Govt Increases Property Registration Charges

Posted: 05 Aug 2010 02:38 AM PDT

In a move to offset losses due to reduction in stamp duty charges to a uniform 5 per cent across the State, the Andhra Pradesh Government has effected upward revision of the registration charges and market prices for properties from August 1. The State Government had recently announced its decision to slash the stamp duty rates [...]

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