Property News from IndianRealtyNews

Property News from IndianRealtyNews

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CREDAI Condemns 50 bps Hike in Repo&Reverse Repo Rate by RBI

Posted: 04 May 2011 08:42 PM PDT

Commenting on the monetary policy 2011-12 by RBI, Pradeep Jain, chairman, Parsvnath Developers Ltd and chairman, Confederation of Real Estate Developers' Association of India (CREDAI), said, "The 50 bps hike in Repo Rate and Reverse Repo Rate by RBI bringing them to 7.25 per cent and 6.25 per cent respectively is harsh. This will intensify [...]

Kolkata Based Developer ‘Eden Group’ Plans 7-8 New Projects at an Investment of Rs 250cr

Posted: 04 May 2011 06:43 PM PDT

Eden Group, one of the leading real estate developers from Kolkata, is planning to launch 7-8 new projects within the next one year with a total developable area of over 1 million square feet. All these projects will be launched in and around Kolkata with a total investment of Rs 250 crore, including the land [...]

Govt Approves FDI Proposals worth Rs1027cr

Posted: 04 May 2011 06:42 PM PDT

The government today said it has cleared 21 foreign direct investment (FDI) proposals amounting to Rs 1,027 crore, including those of ACB India and Oriental Tollways. A total of 47 FDI proposals were taken up by the Foreign Investment Promotion Board (FIPB), but the board deferred decisions on 17 applications and rejected nine, the Finance [...]

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