Property News from IndianRealtyNews |  |
- 4.8% Drop in DLF’s Net Profit
- Fall in Office and Commercial Space Demand in Mumbai
- AREIDA Urges Govt to Reduce Property Registration Fees
- Gurgaon Tops Registered Real Estate Agents List in Haryana
- ASK’s Chairman Forms New Real Estate Company ‘Pashmina Developers’
| Posted: 24 May 2011 07:36 PM PDT India's largest real estate company, DLF Ltd, reported a marginal drop of 4.8% in its net profit for the year ending 31 March 2011. Company's consolidated net profit stood at Rs1,640 crore compared to Rs1,720 crore in FY10. The earnings per share for the year stood at Rs9.66 versus Rs10.13 in FY10. However, for the [...] |
| Fall in Office and Commercial Space Demand in Mumbai Posted: 24 May 2011 06:50 PM PDT Mumbai, India’s business capital, is witnessing a fall in demand for office and commercial space with transactions down by more than half since last year. Swanky office space in the heart of Mumbai, but it seems there are few takers. According to a Knight Frank India report, “office traction at a glance”, demand for [...] |
| AREIDA Urges Govt to Reduce Property Registration Fees Posted: 24 May 2011 06:46 PM PDT The Assam real estate and Infrastructure Developers Association (Areida) on Tuesday urged the new government to reduce registration fees while selling or buying property and reduce the duty fees to promote real estate business in the state. The people of the state have to pay 8.5 per cent registration charges, the highest in the country. [...] |
| Gurgaon Tops Registered Real Estate Agents List in Haryana Posted: 24 May 2011 06:43 PM PDT With 903 registered property dealers, Gurgaon has topped the list of districts in Haryana since the state started the registration of real estate agents. The registration of the dealers was started to make such intermediaries in the property business more accountable and responsible. Responding to a review meeting by the revenue secretary Naresh Gulati through [...] |
| ASK’s Chairman Forms New Real Estate Company ‘Pashmina Developers’ Posted: 24 May 2011 05:52 PM PDT Asit Koticha, chairman of financial services firm ASK Investment Holdings Pvt Ltd, has floated a real estate company, Pashmina Developers, with an undisclosed investment from his personal funds.The Mumbai-headquartered venture aims to develop properties across India and has acquired land in Bangalore, Pune and Mumbai. Koticha will be Pashmina's chief investor. ASK Investment, named after [...] |
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