Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

Ease caps on FDI- US to India

Posted: 08 Jun 2010 04:34 AM PDT

The US has urged India to open up the economy and ease caps on foreign direct investment. Secretary of state Hillary Clinton put forward the request in her opening statement at the India-US strategic dialogue. "We urge India to ease caps on investment markets," she said. The US has been pushing India to ease FDI caps [...]

Lodha to Spend Rs 20 Billion to Build a 117-Storey Residential Tower in Central Mumbai

Posted: 08 Jun 2010 04:10 AM PDT

Mumbai Indian real estate firm Lodha Developers plans to invest 20 billion rupees ($426 million) to build a 117-storey residential tower in central Mumbai, its managing director said on Tuesday. The company, which plans to launch a $650 million initial public offering (IPO) later this year, will start bookings by end of this month and expects [...]

Wal-Mart Gung-Ho on Indian Retail Story

Posted: 08 Jun 2010 03:43 AM PDT

Wal-Mart, the world's biggest retailer, with revenues of US $405 billion in 2010 is trying hard to overcome hurdles to establish a presence in the front-end of the lucrative Indian retail sector. Currently, Wal-Mart has a presence in India in the wholesale segment and back-end supply chain management business and has entered in to a [...]

IndiaReit Plans Project-Specific Fund

Posted: 08 Jun 2010 03:31 AM PDT

Ajay Piramal's real estate fund will launch a property-specific fund that will give investors the opportunity to buy apartments in such projects at a discount. "We will jointly identify residential projects with builders and launch a property-specific fund for the project," chief executive and managing director Ramesh T Jogani said on Tuesday. Investors in [...]

Base rate to help old home loan borrowers

Posted: 07 Jun 2010 10:43 PM PDT

With the base rate era setting in from 1st July 2010, the old home loan borrowers might receive a chance to negotiate for a lower interest rate as it is believed that various banks would be re fixing their lending rates once the base rate sets in. RBI has already stated that the current [...]

HCC Realty to Dilute Stake in Mumbai project

Posted: 07 Jun 2010 10:27 PM PDT

Infrastructure major Hindustan Construction Company (HCC) is in talks with private equity players to offload stake in one of its major project in Mumbai. According to sources, HCC Real Estate is looking at offloading 74 per cent stake in '247' corporate park located in Vikhroli area of Mumbai. The company is expecting to raise [...]

Cinépolis India ties up with Sheth Developers

Posted: 07 Jun 2010 07:21 PM PDT

Cinépolis announced its strategic tie-up with Sheth Developers for their new upcoming mega retail space, Vivacity. The development situated in Thane, Mumbai, will feature a 14 screen megaplex format that will be the largest cinema complex in the country. Four of these screens will be dedicated to Cinepolis VIP, a luxurious and ultra premium cinema experience [...]

Dubai property prices seen to drop another 20%

Posted: 07 Jun 2010 03:40 AM PDT

Dubai house prices, which halved since mid-2008, may drop another 15 per cent to 20 per cent this year on an increase in supply as more real estate projects are completed, Credit Suisse Group said. "We expect residential prices to decline by another 15-20 per cent in Dubai as the oversupply gap peaks in [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

Ashiana Housing net up 29% in 2009-10 fiscal

Posted: 03 Jun 2010 07:18 PM PDT

Realty firm Ashiana Housing on Thursday reported a 29 per cent increase in net profit at Rs 36.8 crore in 2009-10 fiscal. The company had posted a net profit of Rs 28.4 crore in the previous fiscal. Total income grew by 16 per cent at Rs 121 crore in the last fiscal against Rs 104 crore [...]

SEZ sizzle returns with economic revival

Posted: 03 Jun 2010 06:21 PM PDT

With the domestic industry showing signs of steady recovery and merchandise exports stabilising, special economic zones (SEZ) are again getting prominence in boardroom discussions and strategy plans of corporate conglomerates. According to a report published in Business Standard, six new proposals for setting up SEZs would be coming up in the meeting of the Board of [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

Sunil Mantri Group Launches Gated Community Project in Maharashtra

Posted: 03 Jun 2010 08:13 PM PDT

With an aim to continue setting new bench-marks in the western zone, real estate developer Sunil Mantri Group in association with Kumar Yashraj Group, a leading Solapur-based developer, has launched The Square, a first of its kind gated community project in Solapur, Maharashtra. Spread across 27,000 square metres, the project encompasses residential, commercial and retail [...]

DLF Targets 15% Growth in Rental Income This Financial Year

Posted: 03 Jun 2010 08:06 PM PDT

DLF is planning to lease out up to 4 million square feet of commercial space and raise its rental income by 15 per cent in this financial year. "Leasing volumes of commercial space have improved in better locations. However, it is not the same as it was in 2007, but higher than 2009," said Ramesh Sanka, [...]

Omaxe to come up with low-cost housing project in Allahabad

Posted: 03 Jun 2010 08:03 PM PDT

New Delhi-based realty firm Omaxe has announced plans to develop an affordable housing project in Allahabad with an expected sales realisation of over Rs 150 crore. The 20 acre project Naffhil Homes will be a part of 1,535 acre hi-tech city in Allahabad. The company would offer 920 flats at a price range of Rs [...]

HDIL Looking at Transfer of Development Rights Sales

Posted: 02 Jun 2010 07:57 PM PDT

Housing Development & Infrastructure Ltd (HDIL), the Mumbai-based real estate developer, is looking at transfer of development rights (TDRs) sales of 5-6 million square feet in the current fiscal as it looks to maintain its annual run rate. The new target is lower than then its last fiscal TDR sales of 6.5 million sq [...]

Tishman Speyer Plans to Expand its Presence in India

Posted: 01 Jun 2010 06:58 PM PDT

Tishman Speyer, one of the world’s leading real estate developers, unveiled its first property in Hyderabad and said it is looking to expand its operations to Mumbai and Delhi. This is the company's first property in Asia. Company chairman Jerry Speyer told reporters after the opening of its IT park in the city that Tishman [...]

Govt to Disallow IT Companies in SEZs

Posted: 01 Jun 2010 06:13 PM PDT

MEPZ Special Economic Zone, one of the seven export processing zones (EPZs) set up by the Indian government, has decided not to encourage any more IT companies to set up shop in the zone. The decision comes from the administration to check the growing occupancy by the IT companies in the zone, which was meant [...]

Ansal Reports 131 Per Cent Rise in Consolidated Net Profit

Posted: 01 Jun 2010 06:00 PM PDT

Real estate developer Ansal API on Tuesday reported a 131 per cent rise in consolidated net profit to Rs 71 crore for FY’10. The company had recorded a Rs 30.69 crore net profit in 2008-09, it said in a statement. Ansal API’s total income grew 15 per cent to Rs 871.32 crore in 2009-10 compared [...]
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