Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Mumbai Real Estate Continues to Remain Stagnant Amidst High Property Prices

Posted: 18 Mar 2011 02:50 AM PDT

The real estate market in Mumbai continues to remain stagnant as sale transactions are at an all-time low due to the high property prices. Traditionally, property sales in the city go up between February and April, with March recording the highest number of transactions. But, this year even that does not seem to be happening. [...]

PM Supports Lower Stamp Duties to Ensure Transparancy in Real Estate

Posted: 18 Mar 2011 02:44 AM PDT

Terming stamp duties as a “big obstacle” in ensuring transparent transactions in real estate, Prime Minister Manmohan Singh on Friday batted for reducing such levies to check the flow of black money in the sector. “I think as far as black money in real estate is concerned, unfortunately that is a reality and one way [...]

Hotel Leelaventure Plans to Raise its Borrowing Limit to Rs 5,000 crore

Posted: 18 Mar 2011 02:41 AM PDT

Hotel Leelaventure is planning to raise its borrowing limit to Rs 5,000 crore from Rs 4,000 crore, for which it has shareholders’ approval through a postal ballot. “As the hotel industry is capital intensive and the company is expanding rapidly, the increase in limits of borrowing powers is required. It is therefore proposed to increase this [...]

Bharti Realty Appoints Ananda Mukerji as Group Director-Business Development

Posted: 18 Mar 2011 02:39 AM PDT

Ananda Mukerji, who served as the CEO and MD of Firstsource Solutions, formerly known as ICICI Onesource, has moved to Bharti Enterprises in the role of group director-business development. Mukerji will also take up the additional responsibility of overseeing the group’s realty vertical, Bharti Realty. Bharti’s real estate business is headed by David Rebello. In April [...]

Total Environment Building Systems Launches Residential Gated Community Project at Hyderabad

Posted: 18 Mar 2011 02:35 AM PDT

Bangalore-based Total Environment Building Systems, an architect-led real estate design and development firm, has launched a residential gated community project, The Meadow Dance, based on the concept of earth-sheltered homes, in Hyderabad. The project, spread over 16 acres of land, is coming up on Himayat Sagar Road near Raj¬endra Nagar, close to the Outer Ring [...]

HDFC Launches Online Property Search Portal

Posted: 18 Mar 2011 02:32 AM PDT

The entry of HDFC Ltd has stirred the online property search business segment. The country's top mortgage lender has launched its own real estate search portal www.hdfcred.com. The venture will be operated under its wholly-owned subsidiary HDFC Developers Ltd. "Our portal is a logical extension of our real estate business. Some of the grouses we [...]

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