Property News from IndianRealtyNews

Property News from IndianRealtyNews

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CRISIL Gives “7 Star” Rating to Godrej’s High-Rise Mumbai Residential Project ‘Planet Godrej’

Posted: 08 Oct 2010 12:16 AM PDT

Godrej Properties Ltd has announced that its project Planet Godrej, has received the "Mumbai - 7 Star" rating from CRISIL. This is the highest rating awarded by the premier rating agency for a project. CRISIL rates real estate projects based on several stringent project-specific parameters like, sponsor quality, construction quality, legal quality, financial quality [...]

Property Prices Skyrocketing in Delhi and Mumbai

Posted: 08 Oct 2010 12:12 AM PDT

This is one question that is in the minds of almost everyone looking for property in Mumbai, Delhi or any other city where prices have spun out of control. However, speculating about real estate bubbles on the Indian market without looking at the facts is the work of a doomsayer, not an analyst. So, let's [...]

Retail Sector Update-Bharti Retail in Aggressive Mode

Posted: 08 Oct 2010 12:09 AM PDT

Real estate developer Neptune Group last month backed out of a lease deal with Spencer's Retail for space in its Neptune Mall in Mumbai after signing a letter of intent. Reason: Bharti Retail walked in with an offer of Rs 60 per square feet against Spencer's Rs 52. "They also offered to lease it for [...]

RBI May Formulate Strict Norms for Banking Applicants with Exposure to Real Estate

Posted: 08 Oct 2010 12:07 AM PDT

The Reserve Bank of India (RBI) may have to go easy on its suggestion of not granting new banking licences to those groups which have exposure to the real estate sector. The central bank had in a discussion paper indicated that the groups with real estate exposure may find it difficult to obtain new banking [...]

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