Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Govt to Release Revised Consolidated FDI Policy Today

Posted: 30 Mar 2011 11:34 PM PDT

The government will release the revised consolidated FDI policy paper, a ready reckoner on foreign investment related regulations, in New Delhi on Thursday. The third edition of the Consolidated FDI Policy Circular may contain guidelines on domestic companies issuing shares to foreign entities for considerations other than cash with a view to check possible FDI [...]

Relief for Lavasa Corporation: MoEF grants conditional go-ahead to its Pune housing Project

Posted: 30 Mar 2011 11:27 PM PDT

The Ministry of Environment and Forests (MoEF) on Wednesday granted 'conditional' approval to Lavasa Corporation to complete the buildings under construction at its housing project site near Pune. According to the affidavit filed by the MoEF before the Bombay High Court, its expert committee had 'permitted' Lavasa Corporation to complete the construction of the 257 buildings [...]

Puravankara Launches Mid-Segment Residential Project in Bangalore

Posted: 30 Mar 2011 11:23 PM PDT

Puravankara Projects has launched a mid-segment property, Purva Midtown Residences, in East Bangalore. The total project value is Rs 135 crore. Located off Old Madras Road, near C V Raman Nagar on a 4.2-acre parcel, this property would develop 307 apartments, according to a press release from the company. The development would include two-bedroom and three-bedroom [...]

Emmar Properties Seek Valuation of Indian Assets

Posted: 30 Mar 2011 11:12 PM PDT

Emaar Properties PJSC, Dubai's largest real estate firm, has asked consultants and investment bankers to value Indian joint venture (JV) Emaar MGF Land Ltd's land bank and other assets in the country. The move may be preparatory to the builder of Dubai's Burj Khalifa, the world's tallest tower, exiting the bulk of its portfolio in India, [...]

Mumbai Based Omkar Realtors and Developers Plan to Invest 1000cr in Residential and Commercial Development

Posted: 30 Mar 2011 11:02 PM PDT

Mumbai-based Omkar Realtors and Developers is aiming to invest about Rs 1,000 crore in an array of projects, in the 2011-12 fiscal. Primarily, these projects will be a mix of residential and commercial properties and will cover almost 22 million square feet. Speaking to Realty Plus, Babulal Varma, managing director of Omkar Group said, "This year [...]

Sanghvi Group comes up with Affordable Housing Project in Mumbai

Posted: 30 Mar 2011 08:21 PM PDT

Acknowledging the need for 'affordable and qualitative housing' in the extended suburb of Mumbai Metropolitan Region (MMR) real estate firm Sanghvi Group has identified Kalyan, Shahapur, Vasind and Asangaon as an affordable residential destination. Keeping this in mind the Group launched Sanghvi Paradise, an affordable mega township project at Asangaon. Spread across nine acres of [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Hospitality Major Hyatt Optimistic on Plans to Open Five Hotels in Collaboration with DB Realty

Posted: 29 Mar 2011 12:45 AM PDT

Chicago-headquartered Hyatt Hotels Corporation, one of the world’s biggest hotel chains, is going ahead with plans of opening five hotels with the Mumbai-based DB Group. The latter is presently embroiled in the 2G telecom spectrum scam, its managing director, Shahid Balwa, having been arrested (he had resigned after this took place last month). DB [...]

Mumbai Real Estate Sector can witness Oversupply in 2012-13: Jones Lang LaSalle

Posted: 29 Mar 2011 12:36 AM PDT

Mumbai’s residential market is predicted to witness a glut in 2012-13 owing to steady new launches at a time when sales are extremely slow, according to real estate consultancy Jones Lang LaSalle. "The overall sentiments of the market and the consistent rate of new project launches in Mumbai give a clear indication of an impending [...]

Australian Company Raises its Stake Beyond 5% in Unitech

Posted: 29 Mar 2011 12:28 AM PDT

Australia’s Platinum Investment Management has raised its stake in India’s second largest real estate firm Unitech to 5.16%. Platinum Investment Management has acquired 60,56,100 equity shares of Unitech, which is equal to 0.23% of the total paid up capital of Unitech, the realty firm said in a filing on the Bombay Stock Exchange. Before this [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Real Estate Prices in Mumbai Set to Decline

Posted: 28 Mar 2011 12:03 AM PDT

Real Estate prices in Mumbai are set to decline further in overheated markets as sales have fallen due to unaffordable pricing, brokers and market analysts said. Developers, so far holding on to their prices, have started offering discounts to woo buyers to mobilise fund inflows through sales as money flow from other channels have dried [...]

SBI’s Much Debated Teaser Home Loan Rates to Continue till May

Posted: 27 Mar 2011 09:04 PM PDT

State Bank of India’s (SBI) much-debated teaser home loan rates may see a hike in rates by May, when the next monetary policy review would be announced by the Reserve Bank of India (RBI). But unless there is a hike in rates during the review, SBI will retain the teaser home loan rates, said a [...]

Raheja Universal Ltd along with Asha Builders and Developers Plans Residential Project in Mangalore

Posted: 27 Mar 2011 07:27 PM PDT

Raheja Universal Ltd, in association with the Mangalore-based Asha City Builders and Developers, has announced plans to launch a luxury residential complex — Raheja Waterfront — in Mangalore on March 28. Addressing presspersons on Saturday, Prakash Shetty, managing partner of Asha City Builders and Developers, said that the project will come up on 45-acre land [...]
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