Property News from IndianRealtyNews

Property News from IndianRealtyNews

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51% FDI in Multi-Brand Retail Gets CoS Approval, Union Cabinet to take final Decision

Posted: 22 Jul 2011 07:53 PM PDT

After a delay of several years, the move for 51 per cent foreign direct investment (FDI) in multi-brand retail took a significant step forward. A Committee of Secretaries (Cos), headed by the Cabinet Secretary, Ajit Kumar Seth, that met on Friday gave the go-ahead for this politically-sensitive decision, which will now have to be approved [...]

IREO Launches Integrated Township Project “IREO – Fiveriver” in Panchkula

Posted: 22 Jul 2011 06:59 PM PDT

Ireo, the private equity fund dedicated to the Indian real estate sector, has announced the launch of its new integrated township project "IREO – Fiveriver". Spread over a sprawling 200 acres, the project is located in Panchkula, on the outskirts of Chandigarh. Ireo Fiveriver has a unique mix of recreational and wellness facilities catering to multiple [...]

Parsvanth Gets Govt Nod to Pull Out of Six SEZ Projects

Posted: 22 Jul 2011 06:56 PM PDT

The government on Friday allowed realty major Parsvnath group to withdraw its six special economic zone (SEZ) projects in different states, as a fall out of imposition of Minimum Alternate Tax and uncertainty over continuation of tax sops to SEZ. The clearance for Parsvnath SEZ Ltd (PSL) to pull-out of its projects was given by [...]

Center can’t Intervene in Greater Noida Land Acquisition Matter: Kapil Sibal

Posted: 22 Jul 2011 06:10 PM PDT

Human resource development minister and senior Congress leader, Kapil Sibal, said on Friday that the Centre had no powers to intervene in the problems arising out of land acquisition in Greater Noida, but it was up to the Uttar Pradesh government to come up with a "fair" solution. "Land is a State subject. We have [...]

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