Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Parsvnath Developers to Focus on Hospitality and Residential Development

Posted: 21 Mar 2011 12:47 AM PDT

Real estate company Parsvnath Developers said it expects three hotel properties — in Shirdi, Mohali and Lucknow — to become operational next fiscal. The company, which had already 'scaled down’ its original plans, is going slow on its hospitality blueprint. The current focus, it claims, is to finish 80 million sq ft of space that [...]

DLF Blames Archaic Law for Use of Black Money in Real Estate

Posted: 21 Mar 2011 12:45 AM PDT

Blaming use of black money in real estate to archaic laws, India's largest realty firm DLF today said Prime Minister Manmohan Singh's emphasis on reduction of stamp duty will help in cleansing the sector. "Real estate industry is the least reformed. Wherever any reforms have not taken place, parallel economy exists… This industry's laws, [...]

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