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Vasathi Housing Launches Gated Community Project at Hyderabad

Posted: 18 Nov 2010 01:41 AM PST

Vasathi Housing & Infra, a Hyderabad-based real estate developer, has announced the launch of an integrated gated community project, which seeks to provide apartments with community facilities at affordable rates. The company, which is developing 'Vasathi Anandi’ on a five-acre site along the Outer Ring Road towards the new international airport in Hyderabad with an [...]

Sabeers Bhatia’s Nano City Project to be Developed in 2000 Acres

Posted: 18 Nov 2010 01:36 AM PST

Nano City, the much touted project of hotmail founder Sabeer Bhatia, is likely to be curtailed to one-fifth the original size if the project takes off. Nano City — proposed to be developed in Panchkula district, Haryana — was to come up over 11,000 acre but now its size is to be around 2,000 acre. [...]

Tata comes up with Hotel ‘Ginger’ in Chennai

Posted: 18 Nov 2010 01:31 AM PST

Roots Corporation, a subsidiary of Indian Hotels Company, will have another 60 to 70 budget hotels in 23 locations across the country. At present the company had budget hotels in 24 locations. Construction was underway in seven locations and the company has signed for setting up similar hotels in nine cities. Addressing a press conference [...]

Major Realtors Misrepresented Facts-CAG

Posted: 18 Nov 2010 01:27 AM PST

The CAG has accused major real estate firms — Unitech and Allainz Infratech— for misreprsentaing facts to the government for getting telecom licences along with spectrum in 2008 causing huge losses to the exchequer. Six newly incorprated applicant companies belonging to Unitech group (brand name Uninor) had submitted their applications for grant of 20 licences [...]

UD Ministry Sleeps over Delhi Real Estate Bill

Posted: 18 Nov 2010 01:24 AM PST

Illegal buildings, like the one that collapsed in the Laxmi Nagar area on Monday, are mushrooming all over the city, risking the lives of hundreds. But the government doesn’t seem to be bothered much. The Delhi Real Estate Bill has been pending for over three years now with the Union urban development (UD) ministry and [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Real Estate Firm Jaypee Greens Announces Launch of “Kassia” at Noida

Posted: 17 Nov 2010 02:57 AM PST

Real estate firm Jaypee Greens has announced the launch of ‘Kassia’, the personal suites at Jaypee Greens, Sports City near Greater Noida. The Kassia suites are available in 1-4 bedroom options and will showcase tropical lifestyle with innovative architecture and landscaping. The Kassia suites will feature a unique architectural design that helps to maintain privacy, [...]

HDIL Sells FSI worth Rs 650 crore

Posted: 17 Nov 2010 02:54 AM PST

Housing Development and Infrastructure Limited, (HDIL), the fourth largest realtor in the country, has sold floor space index (FSI) worth Rs 650 crore and expects to increase it to Rs 950-1,000 crore by the end of this fiscal, Hari Prakash Pandey, vice-president, finance, said. HDIL has booked 80 per cent of its profits through selling [...]

MSME Proposes 18% FDI in Multi-Brand Retail

Posted: 17 Nov 2010 02:34 AM PST

The MSME ministry has proposed allowing only up to 18 per cent FDI in multi-brand retail, while cautioning that entry of global retailers could harm interests of kirana stores, small farmers and consumers. In its reply to the comments sought by the Department of Industrial Policy and Promotion (DIPP), the Micro, Small and Medium Enterprises (MSME) [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Ahmedabad’s First IT SEZ to be Fully Operational in March 2011

Posted: 16 Nov 2010 01:34 AM PST

The 3rd Eye Voice IT SEZ, city’s first IT/ITES special economic zone (SEZ), is all set to become operational in March 2011. Already around 100 small companies functioning from different locations under Software Technology Park of India (STPI) scheme are planning to shift into the upcoming Rs 550 crore project. Another two city-based companies, Elitecore [...]

Urban India Relying Less on Bank Finance for Housing Needs

Posted: 16 Nov 2010 01:20 AM PST

Only 25% of urban Indians have used bank finance to invest in a house, government data released on Monday showed. Instead, over 61% of the cost of houses built by families across urban India was financed by themselves. This means India is quite removed from the build-up of sub-prime lending bubble as of now. The [...]

Developers Worried Over Higher Construction Costs and Low Margins

Posted: 16 Nov 2010 01:13 AM PST

While higher land prices and raw material costs could put profitability of companies under pressure, a steep rise in borrowing costs is likely to hurt demand. The BSE Realty index fell 11 per cent over the last month and eight per cent over the week as real estate companies reported margin pressures in the September [...]
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