Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Govt to Take Decision on FDI in Multi-Brand Retail Soon: Confirms Scindia

Posted: 18 May 2011 09:25 PM PDT

The government is expected to take a decision in the next three months on allowing foreign direct investment in multi-brand retail, a long pending issue, a new National Manufacturing Policy creating an investor friendly environment is also likely, Minister of State for Commerce and Industry Jyotiraditya Scindia said today. “We are committed to the issue [...]

LIC Housing to Focus on Retirement Homes Business

Posted: 18 May 2011 07:51 PM PDT

LIC Housing Finance aims to have a pan India-presence for its retirement homes business as rising demand from senior citizens prompts the company to scale-up presence in other cities across the country. The country's fourth-largest mortgage lender has completed two projects, one in Bangalore and the other in Bhubaneswar, and believes this "futuristic idea" will [...]

Bangalore-Based Developer Prestige Estates Records 28.74% Growth in Net Profit

Posted: 18 May 2011 06:56 PM PDT

Bangalore-based realty firm Prestige Estates Projects today said its consolidated net profit grew 28.74 per cent to Rs 166.66 crore in the year ended March 31, 2011, over the previous fiscal. The group had a consolidated net profit of Rs 129.45 crore in the last fiscal, Prestige Estates Projects said in a filing with [...]

Ashiana Housing Announces Launch of Marine Plaza at Jamshedpur

Posted: 18 May 2011 06:54 PM PDT

Real estate firm Ashiana Housing has announced the launch of an integrated commercial retail complex "Marine Plaza" at Jamshedpur. Spread over 80,000 square feet, this ground and first floor complex will house 81 outlets and will offer premium brands. Commenting on the launch, Ankur Gupta, joint managing director, Ashiana Housing, said, "Jamshedpur is not new [...]

EWDL Plans to Raise Rs 500 crore through IPO

Posted: 18 May 2011 06:42 PM PDT

Indore-based Entertainment World Developers Ltd (EWDL), a leading mall developer in tier-II and III cities, plans to raise up to Rs 500 crore through an initial public offering (IPO) in the first quarter of FY13. The company has already filed a red herring draft prospectus (DHRP) with the markets regulator and will use the proceeds [...]

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