Property News from IndianRealtyNews

Property News from IndianRealtyNews

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20.2% Decline in PE Investment in Real Estate Sector

Posted: 13 Sep 2011 07:46 PM PDT

Private equity investment in India’s real estate sector declined by around 20.2% to $831 million (about Rs 3,740 crore) in the first five months this fiscal due to sluggish demand. Factors like tight availability of funds with PE players and delays in project execution prompted fund houses to adopt a cautious approach toward the real [...]

DLF in Debt Cut Mode: Sells 28 acre Gurgaon Plot to M3M for Rs 440cr

Posted: 13 Sep 2011 07:44 PM PDT

DLF has sold a 28-acre plot in Gurgaon to developer M3M India for 440 crore, in the first among many such big-ticket sales it has lined up this fiscal to bring down mounting debt. At least two persons involved in the deal said the plot in Gurgaon has all approvals and permission for a group [...]

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