Property News from IndianRealtyNews

Property News from IndianRealtyNews

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DLF, Unitech Set to Miss FY11 Sale Target

Posted: 22 Mar 2011 10:39 PM PDT

Indian real estate majors, DLF and Unitech, are set to miss their FY11 guidance, despite prices reaching the highs of 2007. Mid cap names like HDIL, Ackruti City and Sobha Developers are however on track to meet their targets. At the end of quarter three itself, DLF will be missing its FY11 target of selling [...]

Chennai Based True Value Homes to Develop 12 Projects at an Investment of Rs 800cr

Posted: 22 Mar 2011 08:45 PM PDT

Chennai-based real estate developer, True Value Homes India Pvt Ltd (TVH), has announced plans to invest Rs 800 crore over the next three years to develop around 12 projects, majority of which will be in the residential segment. The investment would be from internal accruals and debt. The company has so far developed six million [...]

Kotak Realty to raise $500 million for investment in India

Posted: 22 Mar 2011 07:49 PM PDT

Kotak Realty Fund, the property investment arm of India’s Kotak Mahindra Bank, plans to raise as much as $500 million by the second quarter of this year, in a bet on the long term case for property in India, a top official said. The fund intends to raise about $150-$200 million from domestic investors and [...]

GMR Chief Plans to Give Away Rs 1540 cr in Charity

Posted: 22 Mar 2011 07:40 PM PDT

Grandhi Mallikarjuna Rao, founder of Bangalore-based infrastructure firm GMR Group, has set aside Rs 1,540 crore for philanthropy, at a time when two American icons of 'giving' — Warren Buffet and Bill Gates — are touring India to encourage a culture of philanthropy among the rich. "GM Rao has pledged his irrevocable commitment to create [...]

Leading NCR Based Developer BPTP Launches Second Township in Gurgaon

Posted: 21 Mar 2011 10:08 PM PDT

BPTP, a leading real estate developer from NCR, has launched its second township — 'Astaire Gardens' in sector 70A, Gurgaon. The first phase of this integrated township, comprising plots, independent floors and villas, is spread across 102 acres amidst wide open spaces, offering comfort of living that provides space and security. Astaire Gardens is strategically [...]

Real Estate Major DLF Announces Launch of Luxury Housing Project in Kochi

Posted: 21 Mar 2011 08:15 PM PDT

Real estate major DLF has announced the launch of its luxury housing project ‘Bay View’ at Marine Drive in Kochi on Monday. Lt Gen M G Girish, executive vice president, DLF Kerala operations, said that the project comprises exclusive air conditioned apartments with prices ranging from Rs 1-2.8 crore developed in 3.78 acres of land. [...]

CREDAI Drafts Comprehensive Agenda to Boost Real Estate Sector

Posted: 21 Mar 2011 08:10 PM PDT

CREDAI National, the apex industry body for real estate developers, has drafted a comprehensive agenda to provide a fillip to the real estate sector. Speaking to Realty Plus about this agenda, the newly elected Chairman of CREDAI, Pradeep Jain, Chairman, Parsvnath Developers said that they would take up with the government issues like single-window clearance, [...]

Hyatt Aims at a Strong Luxury Positioning

Posted: 21 Mar 2011 06:34 PM PDT

International luxury hotel chain, Hyatt Group, is embarking on an ambitious medium- to long-term India plan to service not only foreign travellers to India, but also to build a strong luxury brand among the Indian travellers with its 5-star deluxe offerings. With a strong global footprint in key gateway cities that provide a foundation for [...]

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