Property News from IndianRealtyNews |  |
- Almost 50% Dip in Ansal properties Q2 Sales
- Supply May Overpower Demand in Office Space Segment by 2015
- Lodha Opens Booking for its 10,000cr Mumbai Township Project
- Real Estate FDI Worries may continue this Year
- Unitech Offers to Buy Telenor’s Stake in Mobile Joint venture Uninor
- For Realtors Delhi has Edge over Mumbai
| Almost 50% Dip in Ansal properties Q2 Sales Posted: 11 Oct 2011 08:10 PM PDT Amid high interest rates hurting buyers’ sentiment, real estate major Ansal Properties and Infrastructure’s sales almost halved to Rs 349 crore for the quarter ended September. In a communique to the investors, the company said it had sold area worth Rs 692 crore in the corresponding quarter last fiscal. The total area sold by company [...] |
| Supply May Overpower Demand in Office Space Segment by 2015 Posted: 11 Oct 2011 07:42 PM PDT Office space market in India’s top seven cities will see total supply of nearly 243 million sq ft by 2015 and this would be 17% higher than estimated demand, indicating a clear oversupply, Cushman & Wakefield and Global Real Estate Institute said in a report. In Mumbai, supply at 78 million sq ft is expected [...] |
| Lodha Opens Booking for its 10,000cr Mumbai Township Project Posted: 11 Oct 2011 07:39 PM PDT In what seems to be a counter intuitive move in a slowing real estate market, the Lodha group, has opened bookings for its Rs 10,000 crore proposed 23 acre mini township project at Wadala in the island city section of India's commercial capital. "The project aims to cater to demand for professionals who have so [...] |
| Real Estate FDI Worries may continue this Year Posted: 11 Oct 2011 06:48 PM PDT The level of foreign direct investment (FDI) in the real estate sector, which was at a low in 2010-11, is unlikely to show a quantum jump this year, courtesy a slow GDP growth rate, high debt levels of the real estate developers, labour shortage, economic crisis in the US and Europe — according to experts. [...] |
| Unitech Offers to Buy Telenor’s Stake in Mobile Joint venture Uninor Posted: 11 Oct 2011 06:36 PM PDT Real estate group Unitech has offered to buy Norwegian partner Telenor’s 67.25% stake in their mobile joint venture Uninor for Rs 269 crore, escalating hostilities between the two. The Delhi-based group’s offer was made in a petition before the Company Law Board on Tuesday in which it accused Telenor and its executives of ‘oppressive and [...] |
| For Realtors Delhi has Edge over Mumbai Posted: 11 Oct 2011 06:10 PM PDT Mumbai may be a prominent global destination, but major real estate players believe it is the other Indian cities where the potential lies, at least for the next one year. They say cities including NCR, Gurgaon, Delhi, Bangalore, Chennai, Hyderabad and Pune are showing great promise ahead, while citing supply-demand scenario, infrastructure, demographic aspects and [...] |
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