Property News from IndianRealtyNews

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• Govt to Release Revised Consolidated FDI Policy Today
• Relief for Lavasa Corporation: MoEF grants conditional go-ahead to its Pune housing Project
• Puravankara Launches Mid-Segment Residential Project in Bangalore
• Emmar Properties Seek Valuation of Indian Assets
• Mumbai Based Omkar Realtors and Developers Plan to Invest 1000cr in Residential and Commercial Development
• Sanghvi Group comes up with Affordable Housing Project in Mumbai

Govt to Release Revised Consolidated FDI Policy Today Posted: 30 Mar 2011 11:34 PM PDT The government will release the revised consolidated FDI policy paper, a ready reckoner on foreign investment related regulations, in New Delhi on Thursday. The third edition of the Consolidated FDI Policy Circular may contain guidelines on domestic companies issuing shares to foreign entities for considerations other than cash with a view to check possible FDI [...]

Relief for Lavasa Corporation: MoEF grants conditional go-ahead to its Pune housing Project Posted: 30 Mar 2011 11:27 PM PDT The Ministry of Environment and Forests (MoEF) on Wednesday granted 'conditional' approval to Lavasa Corporation to complete the buildings under construction at its housing project site near Pune. According to the affidavit filed by the MoEF before the Bombay High Court, its expert committee had 'permitted' Lavasa Corporation to complete the construction of the 257 buildings [...]

Puravankara Launches Mid-Segment Residential Project in Bangalore Posted: 30 Mar 2011 11:23 PM PDT Puravankara Projects has launched a mid-segment property, Purva Midtown Residences, in East Bangalore. The total project value is Rs 135 crore. Located off Old Madras Road, near C V Raman Nagar on a 4.2-acre parcel, this property would develop 307 apartments, according to a press release from the company. The development would include two-bedroom and three-bedroom [...]

Emmar Properties Seek Valuation of Indian Assets Posted: 30 Mar 2011 11:12 PM PDT Emaar Properties PJSC, Dubai's largest real estate firm, has asked consultants and investment bankers to value Indian joint venture (JV) Emaar MGF Land Ltd's land bank and other assets in the country. The move may be preparatory to the builder of Dubai's Burj Khalifa, the world's tallest tower, exiting the bulk of its portfolio in India, [...]

Mumbai Based Omkar Realtors and Developers Plan to Invest 1000cr in Residential and Commercial Development Posted: 30 Mar 2011 11:02 PM PDT Mumbai-based Omkar Realtors and Developers is aiming to invest about Rs 1,000 crore in an array of projects, in the 2011-12 fiscal. Primarily, these projects will be a mix of residential and commercial properties and will cover almost 22 million square feet. Speaking to Realty Plus, Babulal Varma, managing director of Omkar Group said, "This year [...]

Sanghvi Group comes up with Affordable Housing Project in Mumbai Posted: 30 Mar 2011 08:21 PM PDT Acknowledging the need for 'affordable and qualitative housing' in the extended suburb of Mumbai Metropolitan Region (MMR) real estate firm Sanghvi Group has identified Kalyan, Shahapur, Vasind and Asangaon as an affordable residential destination. Keeping this in mind the Group launched Sanghvi Paradise, an affordable mega township project at Asangaon. Spread across nine acres of [...]

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