Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Consumer Affairs Ministry Gives Green Signal to 49% FDI in Multi-Brand Retail

Posted: 30 Aug 2010 03:02 AM PDT

The Consumer Affairs Ministry has given the green signal to allow 49 per cent FDI in multi-brand retail. It has written a letter to this effect to the Commerce Ministry. India currently allows 100 per cent FDI in cash-and-carry operation and 51 per cent in single-brand retailing. Foreign investors are barred from investing in multi-brand [...]

Hoteliers Planning to Increase Room Tariff by 10-15%

Posted: 30 Aug 2010 01:52 AM PDT

In an attempt to cash in on the peak winter season and the improved economic scenario, “Hoteliers are planning to increase the average room rates (ARRs) by 10-15 per cent from September 2010 as they expect tourist traffic to improve,” says a report by domestic brokerage Angel Broking. Although, the report didn’t talk about their [...]

State Govt Prohibits Use of Petrol Pump Land for Real Estate Purpose in Mumbai

Posted: 30 Aug 2010 12:21 AM PDT

Fascinated by the lure of real estate, owners of fuel refilling centres in the city have long started dreaming of giving up their current business and jumping into the land development bandwagon. Some of them, in fact, have already got the civic body's permission to change the usage of the land. However, the state government [...]

6 Chennai Projects Get Top Ratings from CRISIL

Posted: 30 Aug 2010 12:15 AM PDT

Six real estate projects in Chennai have got top ratings from Crisil, which has, for the first time, has come out with a product to provide city-specific all round assessment of real estate projects. Addressing a gathering got up to announce the award of 7-Star rating to Abode Valley and 6-Star rating to Central Park [...]

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