Property News from IndianRealtyNews

Property News from IndianRealtyNews

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DB Realty Plans Joint Venture for Development of Two Prime Properties

Posted: 27 Sep 2011 07:45 PM PDT

DB Realty, the Mumbai-based property developer, is in talks with major real estate companies for joint developments in two of its prime properties in the city which are valued around Rs 3,000 crore, DNA reported, citing two persons with knowledge of these talks. The first property is located in the tony Bandra Kurla Complex, [...]

Navin M Raheja Elected New President of NAREDCO

Posted: 27 Sep 2011 07:32 PM PDT

National Real Estate Development Council (NAREDCO) has named its new panel of members in its 13th annual general meeting, held in New Delhi. Navin M Raheja, chairman and MD, Raheja Developers Ltd was elected as its president. The unanimously elected office bearers will serve for a period of two years. Sunil Dahiya, MD, Vigneshwara [...]

DLF Sells 10.8 Acre Gurgaon Land for Rs 280 cr to Reduce Debt

Posted: 27 Sep 2011 07:20 PM PDT

The country's largest real estate firm DLF has sold 10.8 acres in Gurgaon to a Dubai-based Indian investor for Rs 280 crore, as part of efforts to reduce its debt burden by a third this fiscal. The company is also in talks with other NRI investors to sell another 20 acres in Gurgaon, which is [...]

Govt Provides Extra Time to 37 SEZ Developers

Posted: 26 Sep 2011 08:15 PM PDT

The government has given more time to as many as 37 special economic zone developers, including Navi Mumbai SEZ, DLF Commercial Developers and Tata Consultancy Services, to execute their projects. At a meeting on September 19, the Board of Approval (BoA) headed by Commerce Secretary Rahul Khullar also allowed five SEZ developers to surrender their projects. [...]

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