Property News from IndianRealtyNews

Property News from IndianRealtyNews

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More technology required in Real Estate Sector: Adi Godrej

Posted: 26 Jun 2011 07:56 PM PDT

The country’s real estate sector and construction industry are faced with an acute labour crunch, which is impacting delivery of projects and cost escalations, Adi Godrej, chairman of Godrej group, said. Speaking at a real estate conference organised in Mumbai, Godrej quoted from a World Bank report, which said that the Indian construction industry [...]

Country Club on Expansion Spree: Plans 18 More Properties in 5 Years

Posted: 26 Jun 2011 07:49 PM PDT

Leisure and infrastructure firm Country Club India has earmarked over Rs 300 crore for expansion activities in next five years and is eyeing one million membership in 10 years. “We are spending Rs 100 crore this FY12 for developing 18 properties, which will be operational by FY 13. After finishing them, we will plan on [...]

BSN Developers under Scanner over Controversial Mumbai Land Deal

Posted: 26 Jun 2011 06:45 PM PDT

Mumbai's realty sector has received a major jolt following reports of a controversial deal involving a prime plot in the eastern suburb worth Rs 800 crore. According to police, six months after a deal between real estate major HDIL and Kanakia Group was finalised, a third party, BSN Developer, claimed the 30,000 square metre plot [...]

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