Property News from IndianRealtyNews

Property News from IndianRealtyNews

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New Land Acquisition Bill Impractical: Developers

Posted: 06 Sep 2011 08:23 PM PDT

The proposed bill on land acquisition is not only anti-development but also impractical, feel developers and builders. If the bill is passed and implemented, there cannot be any planned development of townships in the country, said Anil Sharma, CMD of Amrapali Group, who is also vice-president of Confederation of Real Estate Developers’ Association of India [...]

Luxury Juhu Bungalow Sold for Rs 105 Crore

Posted: 06 Sep 2011 07:50 PM PDT

An industrialist is all set to own a super-luxury, 11-storey bungalow apartment building-JVPD1-constructed by Mayfair Housing Pvt Ltd at Juhu, costing Rs 105 crore. Real estate sources say the deal is unique for the simple reason that the building has been purchased by a sole individual. ”Considering that apartment sales have dropped so much, the [...]

Kolkata Based South City Projects to Foray into Sri Lanka Real Estate Market

Posted: 06 Sep 2011 06:20 PM PDT

South City Projects (Kolkata) Ltd — a consortium of six Kolkata-based real estate companies — will enter the real estate sector in Sri Lanka. The company, through its Sri Lankan subsidiary Indocean Developers Pvt Ltd, will invest nearly $100 million (approximately Rs 450 crore) to set up a residential-cum-commercial project in Colombo. The mixed-use project [...]

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