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Unitech may Sell Non Core Assets to Repay Debt

Posted: 30 Aug 2011 08:10 PM PDT

Real estate firm Unitech will sell non-core assets such as land, IT parks and SEZs to pay off debt, which is at Rs 5,300 crore. In an interview, Unitech managing director Ajay Chandra said the company, India’s second biggest real estate company after DLF, has also managed to tie up debt of about Rs 550 [...]

Strong Lokpal May Expose Developers Nexus with Govt

Posted: 30 Aug 2011 08:00 PM PDT

Among many other things, the implementation of a strong Lokpal Bill will expose the nexus between government officials and developers. It will also control the flow of unaccounted black money in the real estate sector, which has been used as a parallel source of funds and income for decades. "Developers as a private player [...]

Diwali Surprise: New Home Prices May Fall by 10-15%

Posted: 30 Aug 2011 07:16 PM PDT

That dream home that you have waiting to buy may become a tad more affordable - new home prices could decline by between 10 to 15% by Diwali. Real estate companies that have accumulated huge inventories as sales dipped over the last two years, are under pressure from banks and investors to sell in order [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

M3M Launches Luxury Housing Project in Gurgaon Priced up to 7crore

Posted: 29 Aug 2011 07:48 PM PDT

Real estate player M3M on Friday said it has launched a luxury housing project in Gurgaon comprising 72 units, to be offered at prices of up to Rs 7 crore. The project — M3M Polo Suites — is likely to see an investment of about Rs 130 crore and will be developed inside its another [...]

Haryana Assembly Decision Brings Relief for Real Estate Developers

Posted: 29 Aug 2011 07:46 PM PDT

The recent legislation by the Haryana assembly to remove the cap on the ownership of non-agricultural land has brought the highest relief to the private real estate developers. Though the state has pushed the plan saying that the continuation of old rules could prove to be a deterrent to Haryana’s growth, this move is seen [...]

Demand - Supply Gap Hampering Launch of New Real Estate Projects

Posted: 29 Aug 2011 06:50 PM PDT

The widening gap between demand and supply of apartments has put the brakes on the launch of new housing projects around the country-home project launches across top eight cities have dropped 31% since the September-December 2010 quarter, says realty research firm, PropEquity. Across cities, the overall number of housing projects being launched has dropped significantly. [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

DLF in Discussion with IDFC to Sell Entire 70 Per Cent Stake in Noida IT Park

Posted: 28 Aug 2011 07:53 PM PDT

DLF, India's largest real estate company, is in talks with IDFC to sell the entire 70 per cent stake it holds in DLF IT Park, Noida. The move is part of the company's strategy to exit non-core areas and reduce debt. Though the exact valuation of the venture could not be ascertained, industry sources said [...]

Slowdown Affects Commercial Real Estate Sector

Posted: 28 Aug 2011 07:49 PM PDT

The commercial office space business, which has been the only bright spot in a grim real estate market, has also hit turbulence, with the economic crisis in the West forcing companies to rethink on their expansion plans. Real estate consultancy Jones Lang LaSalle has revised its total leasing estimates for the year from about 38 [...]

Carlson Hotels to open 100th Park Plaza in India

Posted: 28 Aug 2011 06:52 PM PDT

Carlson, a leading global hospitality and travel company, will open its 100th ‘Park Plaza’ brand hotel in India by 2015, with its capacity touching almost 10,000 rooms by then. Meanwhile, the company launched its 40th Park Plaza, having 107 rooms, in Coimbatore on Sunday. “With the launch of the 40th Park Plaza, the total number [...]
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