Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

GMR Reports Consolidated net loss of Rs 1,006.7 crore for Q4

Posted: 31 May 2011 07:09 PM PDT

GMR Infrastructure on Tuesday reported a consolidated net loss of Rs 1,006.7 crore for the fourth quarter ended March 31, on account of a one-time loss from its divestment of power company InterGen NV and losses from its Delhi airport. The company, which had posted net profit of Rs 73 crore in the corresponding period [...]

10-15% Fall Expected in Mumbai Property Rates by year End: Experts

Posted: 31 May 2011 06:48 PM PDT

Property prices in India's financial capital Mumbai have surged 40 percent in less than two years, even surpassing peaks reached in 2008. Homes in Mumbai’s prime locations, for example, can cost up to $2,000 a square feet. But warning signs have emerged to suggest that a correction might be around the corner. Real estate firm [...]

Parsvnath to Launch Township on SEZ property in Gurgaon

Posted: 31 May 2011 06:44 PM PDT

Reading a strong demand in northern India space, real-estate major Parsvnath Developers is all set to launch township on SEZ property in Gurgaon. "The company aims to sell 6-7 msf in FY12," said chairman Pradeep Jain in an interview with CNBC-TV18. Despite the impact of interest and price rise of property, the company sees the [...]

Decision on Navi Mumbai SEZ Deferred: Govt Want More Details

Posted: 31 May 2011 06:13 PM PDT

The Board of Approval for Special Economic Zones on Tuesday deferred a decision on a plea from Mukesh Ambani-promoted Navi Mumbai SEZ for breaking it up into five zones. The BoA, chaired by the commerce secretary Rahul Khullar, wanted more details from the developer including those concerning the land, sources said. The matter will now be [...]

Ahmedabad Retail Sector May Witness Growth in 2011

Posted: 31 May 2011 06:11 PM PDT

After a lull for almost a year, the Ahmedabad retail market is set to witness some activity in 2011. With the likes of Alpha One city centre and Acropolis Mall set to offer retail space in near future, industry sources estimate an addition of 700,000 square feet of retail space being added in Ahmedabad this [...]

Developer Using ‘Leisure Home’ Concept to attract Buyers as Well as Investors

Posted: 31 May 2011 06:04 PM PDT

What Shakti Nath, chairman of Logix Group , shows us with a swing of his arm is a stretch of barren land along the Noida expressway, holding out the promise of a home. We are building a sports city here. You can learn horse riding, or engage in fishing or even butterfly breeding, he says, [...]

Delhi Based Developer Omaxe to Reduce Gross Debt by Rs 327crore

Posted: 31 May 2011 05:59 PM PDT

Delhi-based listed builder Omaxe will raise 300 crore of fresh debt for new projects this year while repaying loans worth 627 crore. This will reduce the gross debt of the company to 1,225 crore from 1,552 crore. At 10:20 am, shares of Omaxe Ltd were trading 1.63% up at Rs 130.85 on the Bombay Stock [...]

Harmit Chawla Quits Paras Buildtech, Announces Own Company ‘H Corp Realty Pvt Ltd’

Posted: 31 May 2011 05:40 PM PDT

In a major development, Harmit Chawla, Vice President – Sales and Marketing at Paras Buildtech has called it quits and floated a new real estate company christened as 'H Corp Realty Pvt Ltd'. His venture, according to young and vibrant Chawla, will invest about US$ 100 million over the next one year in developing quality [...]

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)