Property News from IndianRealtyNews |  |
- DLF Plans to Sell 27.4 Acre Gurgaon Plot for Rs 400 cr: Tata & M3M in Race to Buy
- Maharashtra CM Admits Violation of FSI Norms in Navi Mumbai
- 12.8% Fall in DLF’s Net Profit for Q1
- Mumbai Home Sales Drop to 30 Month Low
- Indiabulls Expecting 30-35% Rise in Lease Income
| DLF Plans to Sell 27.4 Acre Gurgaon Plot for Rs 400 cr: Tata & M3M in Race to Buy Posted: 02 Aug 2011 08:06 PM PDT India’s biggest real estate firm DLF is selling a 27.4-acre plot of land in Gurgaon for around Rs 400 crore. The plot has all approvals and permissions for building a group housing project in place, including an approval for a built-up space of 2 million sq ft, sources, who did not want to be identified, [...] |
| Maharashtra CM Admits Violation of FSI Norms in Navi Mumbai Posted: 02 Aug 2011 07:53 PM PDT Chief minister Prithviraj Chavan admitted in the state assembly on Tuesday that 21 of the 23 Palm Beach Road high-rises under probe have violated construction norms, putting the heat on Navi Mumbai builders. A three-bedroom apartment on Palm Beach Road, often called the ‘Queen’s Necklace of Navi Mumbai’ , can cost upwards of Rs 1 [...] |
| 12.8% Fall in DLF’s Net Profit for Q1 Posted: 02 Aug 2011 07:44 PM PDT DLF, the country’s largest real estate company, on Tuesday reported a 12.8% decline in its consolidated net profit for the first quarter ended June 30 at Rs 358.36 crore on higher expenditure and finance charges. The company had posted a net profit of Rs 411.03 crore in the corresponding period last year, DLF said in [...] |
| Mumbai Home Sales Drop to 30 Month Low Posted: 02 Aug 2011 06:18 PM PDT Mumbai's residential sales dropped to a 30-month low in the quarter ended June as record home prices and higher interest rates crimped demand, according to Liases Foras Real Estate Rating & Research Pvt. Sales in Mumbai, India's most expensive property market, fell 11 percent from the previous quarter to 8 million square feet, the lowest [...] |
| Indiabulls Expecting 30-35% Rise in Lease Income Posted: 02 Aug 2011 06:14 PM PDT Plagued by high cost of land, debt issues and slowdown in sales, the real estate pack has been seeing sluggish growth over the quarter. "The lower and mid-segment sales have been reasonable, and that compensated for the slow-moving premium market in Mumbai," says Gagan Banga, chief executive officer, Indiabulls Group . The group’s realty subsidiary, [...] |
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