Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Robert Vadra Forays into Real Estate, Gets into Partnership with DLF

Posted: 15 Mar 2011 11:27 PM PDT

New Delhi-based entrepreneur Robert Vadra, married into the country ’s most powerful family, has made a quiet and relatively unheralded entry into the real estate business, including a partnership with DLF Ltd, India ’s largest realty firm. Vadra, the son-in-law of the ruling United Progressive Alliance coalition chairperson Sonia Gandhi, has stayed away from electoral [...]

Real Estate Rated as the Most Corrupt Industry in India- KPMG

Posted: 15 Mar 2011 11:24 PM PDT

Real estate sector has topped the list of industries perceived to be the most corrupt in India, followed by telecommunications and social development sectors in a survey conducted by global consultancy firm KPMG. Nearly half of the respondents in the survey are of the view that real estate, construction and telecommunication sectors are most [...]

Govt Likely to Dispense Press Note 1 to Encourage FDI

Posted: 15 Mar 2011 10:09 PM PDT

In order to liberalise the FDI regime, the government is likely to dispense with a norm that requires foreign investors to seek local partner approval for setting up units in the same area of business. The decision to do away with the Press Note 1, according to sources, is likely to be taken by the [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

IT Department Keeping Watch on Sources of Real Estate Funding

Posted: 08 Mar 2011 02:52 AM PST

Suspecting the use of black money to finance deals in the country’s booming real estate sector, the Income Tax Department is keeping close tabs on the sources of funding for developers’ lucrative projects. “The focus of the Income Tax Department is real estate developers as the department has received many complaints of the involvement [...]

Ahmedabad Gets Representation in Executive Community of CREDAI

Posted: 08 Mar 2011 02:47 AM PST

At a time when Ahmedabad is aiming for World Heritage City status, the city has made a mark on the national real estate scenario. For the first time in the history of Confederation of Real Estate Developers’ Association of India (CREDAI), an apex body of realtors, the city has got representation in the executive committee. [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Hotel Leelaventure to Generate Rs 950cr through Sale of Non-Core Assets

Posted: 07 Mar 2011 01:38 AM PST

Hotel Leelaventure is expecting to get about Rs 950 crore from sales of its non-core assets and in joint company ventures to reduce the company’s debt. At its board meeting in Mumbai, Hotel Leelaventure made this announcement. The board has decided to sell major portion of the commercial office space in Chennai and to enter [...]

54% Decline Observed in PE Investments

Posted: 07 Mar 2011 01:29 AM PST

Private equity investments in Indian companies declined 54 per cent to USD 324 million in February, over the same month a year-ago. “The second month of 2011 saw USD 324 million of private equity investments in Indian companies, 54 per cent down from the investments of USD 699 million for the same month last year,” [...]

Govt Plans to Widen Real Estate Definition in its FDI Policy

Posted: 07 Mar 2011 01:26 AM PST

The government plans to widen the definition of real estate in its foreign direct investment (FDI) policy to include consultants, advisers , valuers and brokers, a move experts say could restrict entry of foreign players in these specialized services. The department of industrial policy and promotion, or DIPP, has circulated a draft note for comments [...]
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