Property News from IndianRealtyNews

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Brigade Group Plans to Increase Presence in Commercial and Retail Sector

Posted: 04 Mar 2011 06:56 AM PST

Real estate developer, Brigade Group, plans to increase its exposure in commercial and retail developments. The company has already commenced construction of some of these projects, and a few more are expected to be launched in the coming months. "Our exposure to commercial and retail is increasing, though residential projects still make up for 60 [...]

Realty Firm Supertech to Develop 255 metre Residential Tower in Noida

Posted: 03 Mar 2011 08:51 PM PST

Realty firm Supertech today will invest Rs 600 crore to develop a 255 metre tall residential tower in Noida. The company will offer a total of 1,326 housing units with prices of up to Rs 2.25 crore in the tower that it claims will be the tallest in North India. “The project, North Eye, will [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Increase in Planned Supply of Retail Malls to Benefit Retailers

Posted: 02 Mar 2011 09:01 PM PST

A mammoth increase in planned supply of retail malls in India will increase retail companies’ bargaining power vis-à-vis real estate developers. This, in turn, will keep retail lease rentals stagnant in 10 Indian cities in 2011. Further, smaller existing malls will face intense competition from upcoming larger malls, many of which are slated to start [...]

Delhi Based Realtor and Idea CEO Questioned by CBI in 2G Scam Case

Posted: 02 Mar 2011 08:56 PM PST

The CBI today questioned Idea Cellular CEO Sanjeev Aga and chairman of Anant Raj Group, a Delhi-based real estate company, Amit Sarin, in connection with its probe into the 2G spectrum allotment scam. Sarin allegedly had a role to play in the transfer of money to Swan MD Shahid Usman Balwa. Aga was questioned on [...]

Indiareit, Paranjape in Talks to Sell Stake in Pune SEZ

Posted: 02 Mar 2011 07:27 AM PST

Indiareit Fund Advisors Pvt Ltd and Paranjape Schemes (Constructions) Ltd are in talks again to sell all, or part of their stake, in the 130-acre export zone they are developing near Pune, after earlier discussions with a Tata Group company failed, reports Mint. Flagship Infrastructure Pvt Ltd, their special purpose vehicle (SPV) for the Blue [...]

Tata Housing to Invest Rs 3,000 crore on Affordable Houses

Posted: 01 Mar 2011 07:21 PM PST

Tata Housing Development Company would invest up to Rs 3,000 crore next fiscal to develop affordable homes across the country. The company already has five projects in the affordable segment and plans to launch 7-8 more projects next fiscal. Tata Housing has formed a subsidiary Smart Value Homes to develop affordable houses in the price [...]
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Property News from IndianRealtyNews

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Finance Minister Silent on FDI in Multi Brand Retail

Posted: 01 Mar 2011 03:31 AM PST

The budget speech of the finance minister intends to lay the foundation for policy changes that are to follow over the next 12-18 months. However, the speech was lacking in big-ticket reforms that the finance ministry has been promising for a while. One of the biggest disappointments pertain to a silence on foreign direct investment [...]

Larger Issues affecting Real Estate Ignored in Budget: Anuj Puri

Posted: 01 Mar 2011 02:55 AM PST

Anuj Puri, chairman & country head, Jones Lang LaSalle India said it would seem that the Union Budget 2011 pointedly ignored the larger issues affecting the Indian real estate sector at this sensitive stage of revival and growth. Direct Implications: SEZs have been brought under the purview of MAT, which basically diminishes the benefits that [...]

Indian Economy Expected to Grow at 9% in 2011-12: Pranab Mukherjee

Posted: 01 Mar 2011 02:47 AM PST

India’s economy will revert to the pre-crisis growth level of 9 per cent in the next financial year. “The Indian economy is expected to grow at 9 per cent with outside band of (+/-) 0.25 per cent in 2011-12,” finance minister Pranab Mukherjee said while unveiling the Budget proposals for 2011-12. He said the Indian [...]

Affordable Home Loans get Cheaper

Posted: 01 Mar 2011 02:37 AM PST

Loans for affordable homes are set to get cheaper with finance minister Pranab Mukherjee on Monday extending the limit of priority home loans in his budget speech. The move is expected to spur demand for low-and mid-cost housing in the country. "To further stimulate growth in the housing sector, I am liberalising the existing scheme [...]
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