Property News from IndianRealtyNews

Property News from IndianRealtyNews

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FDI will pick up in Coming Months: Anand Sharma

Posted: 28 Apr 2011 11:12 PM PDT

The recent decline in the flow of foreign direct investment to India is temporary and it would pick up in the coming months given the strong macro economic outlook, Commerce and Industry Minister Anand Sharma said Tuesday. “The decline is temporary. Some major FDI proposals are in the pipeline. I am sure it will increase [...]

SEBI Bars Emaar MGF from Raising Rs1600cr via IPO

Posted: 28 Apr 2011 10:51 PM PDT

Real estate developer Emaar MGF Land's third attempt to raise Rs 1,600 crore through an initial share sale offer has hit a regulatory hurdle. Even after seven months, the Securities and Exchange Board of India has not given nod to Emaar MGF for its initial public offering as the New Delhi-based firm's role came under [...]

Healthcare Major Fortis to Raise $500mn through Singapore REIT Listing

Posted: 28 Apr 2011 10:33 PM PDT

Fortis Healthcare (India) Ltd. plans to raise as much as $500 million by hiving off some of its properties into a real-estate investment trust, or REIT, and listing it in Singapore, according to three people familiar with the matter who didn’t want to be named. The Indian hospital-chain operator has hired Citigroup Inc., Nomura Holdings [...]

CNBC AWAAZ to Organise ‘Real Estate Awards 2010’ at Singapore

Posted: 28 Apr 2011 09:23 PM PDT

CNBC AWAAZ has announcee the 'Real Estate Awards 2010' which will be held in Singapore on April 28, 2011. The awards aim at identifying and honouring visionaries and professionals who have carved a niche for themselves in the real estate industry and also been the frontrunners in taking India's development international. Presented by R.R. Kabel, [...]

Urban Development Minister Accepts Govt’s Failure in Responding to Real Estate Growth Appropriately

Posted: 28 Apr 2011 08:55 PM PDT

Urban development minister Kamal Nath admitted today that "the government has not responded to the tremendous growth in the real estate sector in the last one decade appropriately". Addressing the 11th National Conference of Credai (Confederation of Real Estate Developers' Association of India) in Singapore, he said not much progress has been made in the [...]

Louvre Hotels Plans to Expand Operations in India

Posted: 28 Apr 2011 07:43 PM PDT

Louvre Hotels, owned by US investment group Starwood Capital, said on Wednesday it planned to open 80 new hotels in 2011, mostly in Europe and Asia. Louvre Hotels, the world’s eighth-largest hotelier, also said in a statement it would raise funds to finance its expansion in India over the next five years but did not [...]

Mahindra Lifespace Developers Plan Grand Entry into Low Cost Housing Segment

Posted: 28 Apr 2011 06:44 PM PDT

Mahindra Lifespace Developers Ltd, the real estate and infrastructure company of the over $11 billion Mahindra group, has kept low-cost housing under its radar and is in the process of acquiring appropriate technology to make a grand entry into this segment. “We are exploring possibility of entering into affordable home segment. One can’t succeed in [...]

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