Property News from IndianRealtyNews

Property News from IndianRealtyNews

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SEBI to Probe Allegations Leveled Against DLF

Posted: 20 Oct 2011 08:25 PM PDT

India’s capital markets regulator said Thursday it will investigate allegations leveled against real estate company DLF Ltd. that it violated certain provisions of disclosure and investor protection rules during its initial public offering in 2007. The investigation by SEBI–the Securities and Exchange Board of India—follows a complaint filed by Kimsuk Krishna Sinha, alleging that Sudipti [...]

Ambuja Realty Acquires RMZ’s Ecospace Business Park for Rs 300cr

Posted: 20 Oct 2011 07:28 PM PDT

In one of the largest real estate deals in Kolkata, Ambuja Realty has acquired the RMZ’s Ecospace Business Park in New Town in Rajarhat for little over Rs 300 crore. The acquisition will provide Ambuja Realy a large chunk of premium commercial property adjacent to its existing one, Ambuja Realty Campus. The project, which is [...]

India Bulls Reports Fall in Q2 Profit

Posted: 20 Oct 2011 07:27 PM PDT

Indiabulls Real Estate Ltd., one of the largest listed real estate companies in India, reported a fall in its net profit for the second-quarter, both on consolidated and stand-alone basis. The New Delhi-based company posted second-quarter consolidated net profit after minority interest of Rs.39.39 crore or Re.0.92 peer share, compared with Rs.50.86 crore or Rs.1.19 [...]

Less Fireworks for Builders This Festive Season

Posted: 20 Oct 2011 05:50 PM PDT

The period around Diwali is usually the best time in the building trade, but this festive season a triple cocktail of volatile markets, double-digit interest rates and poor consumer confidence in a slowing economy has hit sales volumes, portending hard times for India’s real estate sector. Some brokers and market experts are bracing themselves for [...]

CREDAI Welcomes Allahabad HC Decision on Noida, Greater Noida& Noida Extension

Posted: 20 Oct 2011 05:47 PM PDT

Welcoming the “balanced” decision of the Allahabad High Court to quash land acquisition in three villages in the Noida, Greater Noida and Noida Extension areas of Uttar Pradesh, real estate developers’ body CREDAI claims that home buyers will not be affected by the ruling. “It’s a balanced judgement by the Allahabad HC. It will allow [...]

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