Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Agni Property Raises USD 12 mn Via Minority Stake Sale

Posted: 11 Nov 2010 11:14 PM PST

Real estate brokerage firm Agni Property today said it has raised USD 12 million (around Rs 53 crore) by selling minority stake to venture capital firms Foundation Capital and Helion. US-based Foundation Capital and domestic firm Helion have invested USD 6 million each in the company, Agni Property Managing Director Samarjit Singh told reporters here. [...]

Mumbai 4th Most Expensive Office Space Rental Market in World

Posted: 11 Nov 2010 11:12 PM PST

Mumbai, India’s business capital, has been ranked as the fourth most expensive market in terms of office space rentals in the world by global real estate consultant CB Richard Ellis. New Delhi is placed at the 11th spot in the list, which is topped by London (West End), according to CBRE’s semi-annual Global Office Rents [...]

Parsvanath Buys 38 Acre Railway Plot in Delhi for Rs 1652 Crore

Posted: 11 Nov 2010 11:11 PM PST

In what is being called the biggest real estate deal in Delhi after the 2008-09 slowdown, Parsvnath Developers on Thursday bagged a 38-acre plot auctioned by the Rail Land Development Authority (RLDA) in Sarai Rohilla for R1,652 crore. At R43.4 crore per acre, this deal is second only to DLF's pre-slowdown deal of R44.1 crore [...]

RBI Tightens Provisioning Norms for 10:90 Loans- Builders Face Cancellation

Posted: 11 Nov 2010 11:04 PM PST

The 10:90 bubble's going phut, contrary to the view of developers who were convinced that the innovation was a perpetual goldmine. The scheme, under which a real estate buyer paid only 10% of the property cost at the time of booking and 90% at the time of possession, was the buzz during the festival season. [...]

Investors Positive Despite Real Estate Bubble in China

Posted: 11 Nov 2010 10:58 PM PST

Most global investors think China is experiencing a real estate bubble, even as they say the world's fastest-growing major economy offers the best opportunity for making money over the next year. Two-thirds of the people surveyed in the latest Bloomberg Global Poll say a bubble is inflating property values in China, where the economy grew [...]

DLF Expects to Generate 2000cr from Sale of Non-Core Assets

Posted: 11 Nov 2010 10:54 PM PST

India’s largest realty firm DLF Ltd today said it expects to generate Rs 2,000 crore from the sale of non-core assets, including hotel plots, in the next 12-18 months. Against the medium-term target of Rs 5,500 crore, the company has raised Rs 2,507 crore in the last 18 months, DLF told investors in an analyst [...]

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