Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Gurgaon One Sector 84- The Epicenter of New Gurgaon

Posted: 02 Feb 2011 10:12 PM PST

Gurgaon One Sector 84 – Assured Booking on 2BHK/3BHK Apartments, Call 98100 48189, 9811961406

Chicago Based Firm ‘Vestian’ to invest 1000cr in India

Posted: 02 Feb 2011 09:28 PM PST

Chicago-based Vestian Global Workplace Services, an integrated real estate services provider, on Tuesday said it would invest `1,500 crore in India and China over the next 18 months. The company, which raised the fund from global investors, said about 70 per cent of the proposed investment was earmarked for the Indian market. "We have started [...]

DLF Plans Land Acquisition in New Gurgaon and Chandigarh

Posted: 02 Feb 2011 06:30 PM PST

DLF, the country’s largest real estate company, plans to make an average quarterly investment of 300-400 crore over the next couple of quarters to acquire land in areas such as New Gurgaon and Chandigarh to consolidate its land holding. With demand picking up in the housing sector, the company has already started its investment on [...]

Real Estate Index Up by 5%

Posted: 02 Feb 2011 03:17 AM PST

Shares of real estate developers were trading higher with the real estate index up nearly 5 percent on bargain buying after falling sharply over the last one week, three dealers said. Funds had cut down exposure to the sector after the Indian central bank increased interest rates, said an analyst with a local brokerage. Last [...]

RBI Asks Banks to Set Escrow Mechanism to keep a watch on Real Estate Loans

Posted: 02 Feb 2011 03:14 AM PST

The Reserve Bank of India has asked banks to put in place an escrow mechanism that can ring fence their loans to real estate firms and keep a closer tab on the end use of funds. The RBI has been looking to tighten the lending norms for the real estate sector after last year’s bribery-for-loan [...]

Alpha G:Corp to build Rs 400-cr Gurgaon Township

Posted: 01 Feb 2011 09:48 PM PST

Realty firm Alpha G:Corp today said it would develop a group housing project in Gurgaon at an investment of Rs 400 crore. The company would build 670 housing units on a 12.5 acre land, which is owned by Magnum International. “The project cost is Rs 400 crore including land cost,” company’s Director and CEO S [...]

40.4% Dip in Real Estate Stocks since Diwali

Posted: 01 Feb 2011 02:07 AM PST

Since the muhurat session on Diwali, when the BSE sensex closed at an all-time high of 21,005, software stocks have emerged as the safest bet, safer than even traditional sectors like FMCG and pharma, while real estate stocks were the worst performers. The data on the performance of sectoral and other indices since Diwali shows [...]

DLF Reports Marginal Drop in Quarterly Earnings

Posted: 31 Jan 2011 11:31 PM PST

DLF Ltd said it was cautious on the near-term outlook as rising interest rates could weigh on demand after the top-listed Indian real estate firm reported a marginal drop in quarterly earnings. Property prices in major cities like Mumbai and Delhi have more than doubled over the past 18 months, spurred by rising incomes and [...]

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