Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Hotel Leelaventure to Generate Rs 950cr through Sale of Non-Core Assets

Posted: 07 Mar 2011 01:38 AM PST

Hotel Leelaventure is expecting to get about Rs 950 crore from sales of its non-core assets and in joint company ventures to reduce the company’s debt. At its board meeting in Mumbai, Hotel Leelaventure made this announcement. The board has decided to sell major portion of the commercial office space in Chennai and to enter [...]

54% Decline Observed in PE Investments

Posted: 07 Mar 2011 01:29 AM PST

Private equity investments in Indian companies declined 54 per cent to USD 324 million in February, over the same month a year-ago. “The second month of 2011 saw USD 324 million of private equity investments in Indian companies, 54 per cent down from the investments of USD 699 million for the same month last year,” [...]

Govt Plans to Widen Real Estate Definition in its FDI Policy

Posted: 07 Mar 2011 01:26 AM PST

The government plans to widen the definition of real estate in its foreign direct investment (FDI) policy to include consultants, advisers , valuers and brokers, a move experts say could restrict entry of foreign players in these specialized services. The department of industrial policy and promotion, or DIPP, has circulated a draft note for comments [...]

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