Property News from IndianRealtyNews

Property News from IndianRealtyNews

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LIC Housing Plans to Launch Real Estate Venture Capital Fund

Posted: 04 Nov 2011 07:55 PM PDT

<p>LIC Housing Finance Ltd (LICHF), a subsidiary of Life Insurance Corporation of India (LIC), plans to launch a Rs. 500-750 crore real estate venture capital fund shortly. "It should happen in two-three months. We have got all the necessary approvals and permission from the government," chief executive officer V.K. Sharma said on Friday. "For this, [...]

Developers Concerned as Hike in Cement Prices Push Construction Cost Further Up

Posted: 04 Nov 2011 06:14 PM PDT

Construction costs for real estate developers have gone up by 15-20% in the last three months because of a steep rise in cement prices, says the National Real Estate Development Council (NAREDCO). The industry body claims that cement manufacturers have increased the price of cement by Rs 100 per bag in the last three months [...]

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