Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Realty Firm HDIL Raises USD 250mn via Sale of Shares

Posted: 15 Sep 2010 03:08 AM PDT

Realty firm Housing Development and Infrastructure Ltd today said it has raised USD 250 million through sale of shares to qualified institutional investors to part-finance the second phase of the airport rehabilitation programme in Mumbai, among others. “We have closed the USD 250 million QIP (qualified institutional placement) following huge response from the overseas institutional [...]

Developers Targeting Small Cities for Luxury Housing Projects

Posted: 15 Sep 2010 02:43 AM PDT

As sales of high-end homes in large cities hit a low, developers are targeting small cities and towns. Godrej Properties Ltd launched a luxury residential project in the city in August, each of its 245 apartments priced at Rs.80 lakh to Rs.1 crore. Raheja Universal Ltd is building a sea-front property in Mangalore in a [...]

Forbes Rates Real Estate Company “Ashiana Housing” in its ‘Asia’s Best Under A Billion’ List of companies

Posted: 15 Sep 2010 02:39 AM PDT

Delhi-based Ashiana Housing Ltd has become the only real estate company from India to figure in 'Asia's Best Under A Billion' list of companies compiled by the Forbes magazine for 2010. 39 Indian companies were able to make it to the list, including Ashiana Housing Ltd which is the only Indian company representing realty sector. [...]

I-T Dept Raids Delhi/NCR Based Real Estate Developers- Rs 27 Crore Seized

Posted: 15 Sep 2010 02:36 AM PDT

The Income Tax department has seized more than Rs 27 crore in nation-wide searches conducted on over 70 premises of major national capital region-based real estate developers and their associates over alleged tax evasion. The department has seized the amount after it allegedly found discrepancies in the account books of various real estate firms and [...]

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