Property News from IndianRealtyNews

Property News from IndianRealtyNews

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ATS Group to Develop Two Housing Projects in Gurgaon

Posted: 09 Aug 2011 07:55 PM PDT

Real estate firm ATS Group today said it would develop two housing projects in Gurgaon with an investment of nearly Rs 550 crore. The Noida-based company would develop 924 housing units in both these projects over the next three years. “We are foraying into the Gurgaon real estate market with two group housing projects. The [...]

Siva & Akruti City Plan Exit from Hindustan Mills Property in Mumbai

Posted: 09 Aug 2011 07:04 PM PDT

Serial entrepreneur C Sivasankaran (Siva) is looking at a valuation of Rs 1,000 crore to exit from the Hindoostan Mills property in Mumbai. Ackruti City, another stakeholder of the property, is also considering to sale its stake for a similar amount, Business Standard reported, citing sources. Both Siva Group and Ackruti have equal stake in [...]

Videocon Group Puts Ahmedabad Based Hotel Project on Hold, Plans Residential-Cum-Commercial Project

Posted: 09 Aug 2011 07:00 PM PDT

The Indian multinational consumer durable goods company, Videocon Group, has put its hotel project on backburner. The company now plans to enter the Ahmedabad real estate market with a residential-cum-commercial project on the prime location of Ashram Road. The company has already submitted plans to the Ahmedabad Municipal Corporation (AMC) for approval. There will be [...]

Oberoi Group Partners with Mukesh Ambani-led Reliance Group for Hotel and Realty Ventures

Posted: 09 Aug 2011 07:00 PM PDT

The Oberoi Group is headed towards a strategic partnership with Mukesh Ambani-led Reliance Group for developing hotels and real estate property complexes in Bangalore and Goa. The hotel and leisure group’s patriarch, P R S Oberoi, said at a press conference after the 61st AGM of EIH Ltd on Tuesday that the Reliance Group, the [...]

10% Drop in Sobha Developers Q1 Profit

Posted: 09 Aug 2011 06:10 PM PDT

A significant increase in provision for income tax has led to a 10 per cent dip in net profits for Bangalore-based real estate company Sobha Developers, to Rs 30.9 crore during the first quarter of this fiscal. Last year, the company recorded Rs 34.3 crore during the corresponding quarter. However, its net sales went up [...]

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