Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Omaxe Subsidiary Bags Indore Housing Contract Worth Rs 203 crore

Posted: 23 Sep 2010 03:43 AM PDT

Realty firm Omaxe Ltd said its subsidiary has bagged a contract of Rs 202.72 crore from the Defence Ministry to build a housing project in Indore. Omaxe Infrastructure & Construction Ltd (OICL), a wholly- owned subsidiary of Omaxe, has been awarded the contract from DGMAP, Ministry of Defence to construct a residential complex at Indore, [...]

Foreign Funds Shying Away from Indian Real Estate

Posted: 23 Sep 2010 03:36 AM PDT

Having burnt their fingers during the economic slowdown of 2008-09, foreign private equity (PE) funds continue to stay away from Indian real estate, even as domestic funds have taken the lead in property investments. While domestic funds have put in $864 million (Rs 3,950 crore) in 22 realty deals since January this year, foreign funds [...]

CCI Restrains DLF from Cancellation of Allotment of Apartments

Posted: 23 Sep 2010 03:31 AM PDT

Providing some relief to apartment buyers of DLF Ltd, the Competition Commission of India (CCI) today passed an interim order against the real estate developer in a case pertaining to its alleged abuse of dominance by changing original provisions of agreements without informing the buyers — Belaire Owners’ Association and Park Place Residence Welfare Association [...]

Real Estate Meet to Discuss Planned Growth of Urban India

Posted: 23 Sep 2010 03:28 AM PDT

Policy makers, strategists, officials and industry experts will converge here Thursday to deliberate on water, energy, waste management and other issues dogging the planned growth of urban India in a burgeoning economy. Organised by the independent forum — Global Initiative for Restructuring Environment and Management (GIREM), the third edition of the ‘Urban Planning and Real [...]

High Prices and Rising Mortgage Hurting Real Estate Demand

Posted: 23 Sep 2010 03:26 AM PDT

High prices and rising mortgage rates are hurting demand in India’s once-booming housing market, jeopardising a pipeline of about $6 bn in initial public offerings (IPOs) from Indian property companies. The real estate firms are seeking funds to finance land acquisitions and lock in runaway land prices but their IPOs are faced with the prospect [...]

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