Property News from IndianRealtyNews

Property News from IndianRealtyNews

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False Claim by Developers Complaint on Rise; Concern for CREDAI

Posted: 19 Apr 2011 12:21 AM PDT

When Swati Jain, an executive with a private bank booked her flat in Noida, she was promised an area of 1,250 sq ft and all-inclusive cost of Rs 48 lakh. However, when her flat was ready for possession, to her dismay the actual carpet area was just 975 sq ft. When she contacted the developer, [...]

CREDAI Gujarat Ends Protest as Govt Agrees to Provide 50% Relief on Increased Jantri Rates

Posted: 18 Apr 2011 11:51 PM PDT

Real estate developers across Gujarat heaved a sigh of relief as the government decided to give a 50% relief on increased jantri rates. With the revision in the rates, Confederation of Real Estate Developers’ Association of India (Credai)-Gujarat, which is the apex body of developers in the state, has sought an end to the state-wide [...]

Real Estate Companies finding it Difficult to Repay Bank Loans

Posted: 18 Apr 2011 09:52 PM PDT

Indian real estate firms, hit by a shortage of funds and a drop in property sales, are feeling the squeeze in cash flows and consequently their ability to repay bank loans. By a conservative estimate of the industry, at least half a dozen companies are finding it difficult to meet repayment commitments, according to four [...]

BSE Excludes Indiabulls Real Estate from BSE 100, Other Indices

Posted: 18 Apr 2011 08:22 PM PDT

The Bombay Stock Exchange (BSE) today said that it has excluded Indiabulls Real Estate Ltd from both the BSE 100 and BSE 200 indices and replaced it with Coal India. The replacements will be with effect from April 21, the Exchange said in a press release issued here. Indiabulls Real Estate has also been excluded from [...]

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