Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Increase in Planned Supply of Retail Malls to Benefit Retailers

Posted: 02 Mar 2011 09:01 PM PST

A mammoth increase in planned supply of retail malls in India will increase retail companies’ bargaining power vis-à-vis real estate developers. This, in turn, will keep retail lease rentals stagnant in 10 Indian cities in 2011. Further, smaller existing malls will face intense competition from upcoming larger malls, many of which are slated to start [...]

Delhi Based Realtor and Idea CEO Questioned by CBI in 2G Scam Case

Posted: 02 Mar 2011 08:56 PM PST

The CBI today questioned Idea Cellular CEO Sanjeev Aga and chairman of Anant Raj Group, a Delhi-based real estate company, Amit Sarin, in connection with its probe into the 2G spectrum allotment scam. Sarin allegedly had a role to play in the transfer of money to Swan MD Shahid Usman Balwa. Aga was questioned on [...]

Indiareit, Paranjape in Talks to Sell Stake in Pune SEZ

Posted: 02 Mar 2011 07:27 AM PST

Indiareit Fund Advisors Pvt Ltd and Paranjape Schemes (Constructions) Ltd are in talks again to sell all, or part of their stake, in the 130-acre export zone they are developing near Pune, after earlier discussions with a Tata Group company failed, reports Mint. Flagship Infrastructure Pvt Ltd, their special purpose vehicle (SPV) for the Blue [...]

Tata Housing to Invest Rs 3,000 crore on Affordable Houses

Posted: 01 Mar 2011 07:21 PM PST

Tata Housing Development Company would invest up to Rs 3,000 crore next fiscal to develop affordable homes across the country. The company already has five projects in the affordable segment and plans to launch 7-8 more projects next fiscal. Tata Housing has formed a subsidiary Smart Value Homes to develop affordable houses in the price [...]

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