Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Real Estate Companies Reconsider Capital Raising Plans

Posted: 30 Nov 2010 03:02 AM PST

With real estate and financial services stocks battered on Dalal Street, several companies have been forced to review their capital-raising plans. At least one public sector bank, which was working on sale of shares to institutional investors, has put its plans on hold till sentiment improves. But the worst hit would be real estate players, [...]

Housing Finance Racket a Case of Bribery; Not Scam: CREDAI Appeals

Posted: 29 Nov 2010 09:24 PM PST

Realty body CREDAI on Sunday termed the recent housing finance racket as a case of “bribe and kick-backs for loans” and said the case cannot be called as a housing scam. Recently, the CBI busted the housing finance racket and arrested eight top officials of banks and financial firms on charges of taking bribe to [...]

Badarpur Flyover Shoots Faridabad Property Prices by 40%

Posted: 29 Nov 2010 09:18 PM PST

Over the past six months, Faridabad has been witnessing a quiet revolution. Real estate prices, which had plummeted post 2008 and then plateaued at Rs 20,000-25,000 per square yard last year, have suddenly shot up by 30-40%. Reason — the coming up of the Badarpur flyover. Pradeep Mishra, a real estate analyst, said, ”The realty [...]

CCI Probing Real Estate Companies

Posted: 29 Nov 2010 08:59 PM PST

The Competition Commission of India (CCI) on Monday disclosed that it was examining 11 complaints of anti-competitive practices received against real estate companies, some of which were being probed by the CBI in connection with the housing finance scam. CCI Chairman Dhanendra Kumar said that out of the 137 cases that had been filed with [...]

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