Property News from IndianRealtyNews |  |
- Unitech may Sell Non Core Assets to Repay Debt
- Strong Lokpal May Expose Developers Nexus with Govt
- Diwali Surprise: New Home Prices May Fall by 10-15%
| 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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