Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Bharti Realty Looking to Acquire Land in Suburban Mumbai for rs 190 Crore

Posted: 20 Jun 2011 06:55 PM PDT

Bharti Realty may be looking to acquire a land parcel in suburban Mumbai for around Rs 190 crore. The company is likely to purchase this land from Cabot India, erstwhile company United Carbon. It is a 27-acre parcel in Thane-Belapur road. It's just a little bit off Thane-Belapur road, almost into Navi-Mumbai. The valuation [...]

Govt Likely to Permit FDI in Multi-Brand Retail in Six Metros

Posted: 20 Jun 2011 06:53 PM PDT

The government is likely to permit foreign direct investment (FDI) in multi-brand retailing only in the six big metros. The emerging consensus in the government is that the recommendation of the Department of Commerce & Industry to allow such stores in cities with over one million population is premature. The six metros in which FDI [...]

MPCB Issues ‘Stop Work’ Notice to India Bulls Real Estate for Parel Land Project

Posted: 20 Jun 2011 06:03 PM PDT

The Maharashtra Pollution Control Board (MPCB) issued a stop-work order to Indiabulls Real Estate for starting construction work on its Elphinstone Mills property at Lower Parel without environment clearance. The notice, signed by board member secretary R Mopalwaar on June 17 directed Indiabulls to stop work “which was started in violation of the consent [...]

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