Property News from IndianRealtyNews

Property News from IndianRealtyNews

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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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