Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

Projects worth Rs 15000 cr Stalled in Gujarat Due to Environment Clearance

Posted: 28 Feb 2011 01:35 AM PST

Realty projects worth Rs 15,000 crore have been stalled in Gujarat. This hurdle has been created by the Central government’s directive which makes it mandatory for all realtors to get an environment clearance certificate before launching building projects. The Central government had in 2009 made it mandatory to get environment clearance from the Union Ministry [...]

Tata Housing Plans Residential Projects worth Rs 1000cr in Punjab and Himachal Pradesh

Posted: 28 Feb 2011 01:32 AM PST

Real estate developer Tata Housing Development Company on Wednesday proposed to set up two residential projects in Punjab and Himachal Pradesh with an estimated investment of Rs. 1,000 crore. "We have plans to set up two (residential) projects in Punjab and Himachal Pradesh, which will involve an investment of Rs. 1,000 crore," company's MD and [...]

Good News for SBI-Govt Supports its Teaser Rate Policy

Posted: 27 Feb 2011 10:54 PM PST

It’s a good news of SBI boss O P Bhatt as finally government went on his side on home loan issue after long rounds of meetings and discussions. There is a long-time conflicts of policy between RBI and banks specially SBI over “teaser rates”. RBI wants a clear policy about these flexible-rates loans and wants [...]

Reforms Required in Real Estate Sector

Posted: 27 Feb 2011 10:49 PM PST

Reforms in the real estate sector is the need of the hour for tackling issues like high stamp duty which often results in otherwise honest people having to deal in black money, according to the Economic Survey 2010-11 tabled by Finance Minister Pranab Mukherjee in the Lok Sabha on Friday. “There is need for some fundamental [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

Economic Survey Favours Phased Opening of FDI in Multi-Brand Retail

Posted: 25 Feb 2011 02:13 AM PST

The Economic Survey on Friday favoured a phased opening of foreign direct investments in multi-brand retail saying it could help address concerns of consumers and farmers, besides bringing technical know-how. Even as the debate over FDI continues, the survey said during 2011-12, projects worth Rs 24,143 crore are expected to be completed adding a capacity [...]

Infra and Realty Sector Expecting Stimulus from Budget 2011

Posted: 24 Feb 2011 11:00 PM PST

Over the past few years, we have witnessed an increasing focus on infrastructure development of the country. For India, as a growing economy, infrastructure plays a critical role in the economic development. There is significant challenge that the infrastructure sector encounters in terms of the huge capital investment and long gestation period of the projects. [...]

Healthcare Major Fortis Aquires Singapore Based Cancer hospital for Rs 115 cr

Posted: 24 Feb 2011 10:58 PM PST

Fortis Global Healthcare today said it has acquired a specialised under construction cancer hospital in Singapore from First Real Estate Investment Trust for a consideration of SGD 33 million (over Rs 115 crore). The healthcare group, which had earlier failed to acquire Singapore-based hospital chain Parkway Holdings , said it aims to complete the construction [...]

DLf to Launch Plots in Sector 91&92 Gurgaon

Posted: 24 Feb 2011 10:52 PM PST

India's largest real real estate company DLF Ltd. is launching plots in Sector 91 and Sector 92, Gurgaon. The tentative sizes of DLF Plots Sector 91, 92 Gurgaon are 300 and 350 square yards. DLF Limited, is India’s largest real estate company in terms of revenues, earnings, market capitalisation and developable area. It has over [...]

Chairman of Tata Real Estate Group Questioned in 2G Scam Case

Posted: 23 Feb 2011 10:37 PM PST

Two top executives of Tata group –Chairman of the group’s realty and infrastructure arm R Krishna Kumar and its Managing Director and Chief Executive Officer Sanjay G Ubale — were today questioned by the CBI in connection with the 2G spectrum allocation scam. The two officials of Tata Realty and Infrastructure reached the CBI headquarters [...]
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