Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Oberoi Realty may Buy 50% Stake in ICCI Venture’s South Mumbai Residential Project

Posted: 29 Sep 2011 07:38 PM PDT

The Oberoi Realty Group is in talks to buy the 50 per cent stake held by ICICI Venture in a residential project in south Mumbai. Oberoi Realty, the group’s publicly held company, is expected to pay Rs 300 crore for the stake, giving ICICI Venture a return of almost six times in seven years, reports [...]

IHC Group’s Gateway Plans 50 Hotels by 2015

Posted: 29 Sep 2011 07:36 PM PDT

The Indian Hotels Company (IHC), a Tata group listed hospitality firm, on Wednesday said it expects its Gateway vertical to be a 50-hotel brand by 2015. The company plans to come up with Gateway Hotels first in all the metro cities like Mumbai, Kolkata, Delhi, Bangalore and Chennai, the first one of which will open [...]

No Slowdown in Pune Real Estate

Posted: 29 Sep 2011 06:40 PM PDT

While many of the Indian cities are reeling under the apprehension of slowdown with sales nose-diving , Pune’s real estate market has defied any such apprehensions. The demand for homes in Pune does not come from the IT sector alone. Pune’s manufacturing sector, which features a number of international names, also drives residential demand. “Pune [...]

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