Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Omaxe bags Mohali Project

Posted: 28 Sep 2010 02:50 AM PDT

Realty firm Omaxe has bagged Rs 70.4 crore infrastructure project from Greater Mohali Area Development Authority (GMADA) for highway and bridge construction. Omaxe Infrastructure & Construction (OICL), a wholly owned subsidiary of the company, has got its first contract to construct Highway and three high-level bridges in Punjab from GMADA, Omaxe said in a statement. The project [...]

Maytas Properties will have a strategic Investor Soon- Ved Jain

Posted: 28 Sep 2010 02:48 AM PDT

A suitor or a strategic investor for Maytas Properties will be finalised within a month or so, according to Ved Jain, government — appointed director on Maytas Properties Board. Speaking on the sidelines of Maytas Infra Ltd’s AGM, Jain said that efforts are underway to bring in a strategic investor and help revive the [...]

DLF Expecting Sales of Rs 8,500-9,500 crore in FY11

Posted: 28 Sep 2010 02:44 AM PDT

Driven by a resurgence in the commercial and luxury real estate segments, Delhibased DLF says it expects sales of Rs 8,500-9,500 crore in FY11, a growth of 20 per cent to 30 per cent over the previous year. In 2009-10, the company reported sales of Rs 7,855 crore, down by 25 per cent from Rs 10,431 [...]

Developers Planning to Tap Capital Market

Posted: 28 Sep 2010 02:42 AM PDT

After an almost six-month lull, real estate developers like Oberoi Realty and Prestige Estates are planning to tap capital markets next month with Initial Public Offer (IPO) issues, according to media reports. The exuberance in stock markets have prompted the developers, say bankers and analysts tracking realty companies. The last IPO in the real estate sector [...]

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