Property News from IndianRealtyNews

Property News from IndianRealtyNews

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CCI Imposes Penalty of Rs 630cr on DLF for Abuse of Market Dominance & Unfair Trade Practices

Posted: 16 Aug 2011 07:48 PM PDT

Anti-competitive practices watchdog Competition Commission of India (CCI) has imposed a penalty of Rs 630 crore on India's largest real estate developer, DLF Ltd, for abuse of market dominance and unfair trade practices. The penalty amounting to seven per cent of Rs 9,006.27 crore, the company's average annual turnover in the last three years, was [...]

Realty Stocks Meander to 2008 Lows

Posted: 16 Aug 2011 07:47 PM PDT

Real estate stocks on Tuesday meandered close to the territories seen after the Lehman collapse in September 2008, even as the sensex, which opened firm in the morning, closed 108 points lower. While most realty are down, there are some which are trading much above the levels seen during the peak of credit crisis in [...]

ICICI Hyderabad Realty Venture in Trouble over MoEF Guidelines

Posted: 16 Aug 2011 06:56 PM PDT

The ICICI Venture-led mega realty project slated to kick start in Hyderabad later this year, after a five-year-long gap, could well run into trouble again. Reason? City activists have shot a letter to the ministry of environment and forests (MoEF) stating that the project is in clear violation of norms laid down by the Union [...]

Emami Set to Merge Zandu Realty, Emami Reality and Emami Infrastructure

Posted: 16 Aug 2011 06:51 PM PDT

The Emami Group is merging three real estate companies under its fold — Zandu Realty, Emami Reality and Emami Infrastructure — in an attempt to draw synergies. "Zandu (Zandu Realty Ltd), Emami Reality and Emami Infrastructure are being merged. Details would be revealed in 2-3 months," said R S Agrawal, executive chairman. "It involves valuations [...]

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