Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Govt to Keep Tight Vigil on End Use of FDI Inflows

Posted: 10 Nov 2010 02:46 AM PST

The government plans to keep a tight vigil on foreign investment inflows by making it mandatory for companies bringing in foreign equity to periodically disclose the end-use of such funds. The Economic Intelligence Council (EIC), led by finance minister Pranab Mukherjee , has called for 'full disclosure' of FDI details by the industry. The department [...]

Brigade Announces Second Quarter Results

Posted: 10 Nov 2010 02:42 AM PST

Brigade Enterprises Limited, one of South India's leading real estate developers, has announced the unaudited results for the second quarter & half year ended September 30, 2010 (Q2). The total income for Q2FY10 stood at Rs. 1.24bn as compared to Rs. 855mn in Q2FY09; an increase of 45%. EBIDTA for Q2FY10 stood at Rs. 31.14 [...]

Wave Starts First Phase Allotment of its Ghaziabad Township Project

Posted: 10 Nov 2010 02:34 AM PST

As part of its commitment towards timely start and delivery of residential and commercial projects, Wave Infratech Pvt Ltd, part of Rs 2,500-crore industrial conglomerate Wave Inc (the erstwhile Chadha Group), has announced the commencement of the allotment of the first batch of applicants of its Wave Hi-Tech City, a high-tech township in Ghaziabad. The [...]

India Sees Growth in Real Estate Transaction Activity

Posted: 10 Nov 2010 02:29 AM PST

According to the latest RICS Global Commercial Property Survey (GCPS), property markets in emerging economies continued to outperform those in developed economies during the third quarter. Emerging markets that were relatively unscathed by the financial crisis are experiencing faster growth than developed economies such as the UK, Eurozone and US. Property markets in China, [...]

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