Property News from IndianRealtyNews

Property News from IndianRealtyNews

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UP Govt Announces 12.5% Hike in Land Prices at Greater Noida

Posted: 23 May 2011 08:46 PM PDT

After violent farmers’ protests for enhanced land compensation, authorities of Noida, Greater Noida and Yamuna Expressway on Monday decided to hike land rates by 12.5 per cent. To compensate the loss, authorities have also hiked land allotment rates by the same percentage. This was announced by Chairman Mohinder Singh at a press conference in the [...]

Bilrla Sun Life Set to Invest 250crores in Real Estate Projects

Posted: 23 May 2011 07:23 PM PDT

Birla Sun Life is set to invest Rs 250 crore in four real estate projects — three in Mumbai and one in Chennai — through its realty-focused fund. The Rs 1,100 crore real estate fund has already invested Rs 225 crore in the sector and would be making the investment within three months, according to [...]

Court Dismisses Unitech MD’s Bail Plea: Reveals Company Made Rs 2342 cr Profit Via 2G Scam

Posted: 23 May 2011 07:20 PM PDT

Unitech group made Rs 2,342 crore in profit by offloading shares to Norway-based company Telenor after getting the UAS licenses at a throw-away price, the Delhi High Court on Monday said while dismissing the bail plea of Unitech MD Sanjay Chandra. “The enterprise value of Unitech Group of Companies was pegged at Rs 4,400 crore, [...]

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