Property News from IndianRealtyNews

Property News from IndianRealtyNews

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3.84% Decline in Real Estate Stocks-DLF, Unitech Major Losers

Posted: 22 Nov 2010 09:19 PM PST

Led by a fall in real-estate majors Unitech and DLF, realty stocks declined 3.84 per cent on the Bombay Stock Exchange on Friday on profit-booking amid the ongoing crisis over the 2G spectrum controversy. While shares of Unitech Ltd’ closed 4.56 per cent down at Rs 67.95 hitting a five-month low, DLF Ltd finished 3.53 [...]

Parsvnath Expecting Lease Income of Rs 250 via NCR Commercial Offerings

Posted: 22 Nov 2010 08:32 PM PST

New Delhi-based Parsvnath Developers said it is expecting lease income of Rs 250 crore in the next three years as the company ramps up its commercial offerings in the national capital region. "By end of this financial year, we will have 1.2 million square feet (msf) of leased commercial properties. By 2011-12, it will [...]

Sobha Developers High-Tech Kochi Project Awaits Center’s Clearance

Posted: 22 Nov 2010 08:30 PM PST

Bangalore-based realty major Sobha Developers has said its Rs 5,000 crore hi-tech city project in Kochi has been delayed as the company is awaiting clearances from the central government. While necessary approvals from the state government are in, the clearances from the Centre under the Coastal Regulation Management Act and environmental clearances are yet [...]

SEBI Approves Lavasa’s 2000cr IPO

Posted: 22 Nov 2010 08:26 PM PST

Hindustan Construction Company (HCC) informed the stock exchange that its subsidiary, Lavasa Corporation received observation letter from Securities and Exchange Board of India (Sebi) for its proposed Initial Public Offering (IPO). The company is planning to issue equity shares for an amount not exceeding Rs 2,000 crore. Located close to Mumbai and Pune, Lavasa is a [...]

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