Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Ambuja Realty Plans Rs 500 crore Investment to Open 3 Malls

Posted: 11 Aug 2010 03:45 AM PDT

Real estate developer Ambuja Realty has announced plans to invest around Rs 500 crore in developing three shopping malls under the ‘City Centre’ brand. “We will set up three City Centres in Raipur, Haldia and Patna,” said Harsh Neotia, chairman, Ambuja Realty. Siliguri City Centre, to be operational from December, was being built at a [...]

Old Delhi Localities can Have New Floor Area Ratio

Posted: 10 Aug 2010 11:47 PM PDT

New Delhi Property owners in the walled city and some other areas in the national capital may be able to regularise their enhanced floor area if a recommendation of the Delhi Government goes through. Delhi Cabinet, presided over by Chief Minister Sheila Dikshit, today recommended extending the floor area ratio (FAR) from 350 to 400 [...]

DLF in Discussion with ICICI and SBI to Refinance $300-million Loan at 7%

Posted: 10 Aug 2010 11:40 PM PDT

The country's largest real estate developer DLF is in talks with leading domestic banks ICICI Bank and State Bank of India to refinance a $300-million loan it had raised via external commercial borrowings (ECB) last year. The company is likely to get the debt refinanced at a rate of around 7%. DLF had raised the [...]

Govt approves 12 FDI Proposals worth 23.06 Billion Rupees

Posted: 10 Aug 2010 05:37 AM PDT

The government has approved 12 foreign direct investment proposals worth 23.06 billion rupees ($ 500 million), said a finance ministry statement. The Foreign Investment Promotion Board (FIPB), the nodal agency, said that it has deferred 15 foreign investment proposals including one from DLF Limitless Developers for transfer of shares to residents prior to expiry of 3 [...]

38% Drop in Ackruti City’s Net Profit

Posted: 10 Aug 2010 05:36 AM PDT

Ackruti City posted a 38 per cent dip in the net profit to Rs 264.71 crore for the year ended March 31, 2010 as compared to Rs 164.91 crore in the previous financial year, ended March 31, 2009. However, the total income increased by 36 per cent to Rs 618.09 crore for the year ended March [...]

India top Hospital Operators Looking towards Overseas Expansion

Posted: 10 Aug 2010 05:34 AM PDT

India’s top hospital operators are looking to expand overseas to leverage their strengths in other markets as well as to attract medical tourists, officials and analysts say. Industry leader Apollo Hospitals is looking for contracts to manage hospitals abroad, while Fortis Healthcare is aggressively looking for acquisitions as an expansion strategy. However, officials at both companies said [...]

Mumbai-Based Hospitality Chain Pride Hotels Plans Expansion

Posted: 10 Aug 2010 05:30 AM PDT

Mumbai-based hospitality company The Pride Hotels will invest Rs 1,000 crore in the next five years to open ten new properties across India and expand existing ones. The company, which has around 1,000 rooms in its ten properties at present, will have total of around 3,000 rooms when its planned expansion is completed. It is [...]

Alhind Builders Plan 40 Storey Aprtment in Kerala with Two Helipads

Posted: 10 Aug 2010 05:26 AM PDT

Alhind Builders is set to construct what is claimed to be the tallest apartment building in Kerala, complete with two helipads. The 40-storey building forms part of an apartment complex coming up at Karaparamabu junction in Kozhikode, with two other buildings having 30 and 10 storeys each. The managing partner of Alhind Builders, Wazeerudhin said that [...]

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