Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Govt. Granted Reliance Haryana SEZ only 1-year extension

Posted: 05 Apr 2011 01:56 AM PDT

The government has granted Reliance Haryana SEZ one year extension in validity of in-principle approval for the Jhajjar Special Economic Zone as against four years sought by the promoters. The extension was given by an inter-ministerial Board of Approval headed by Commerce Secretary Rahul Khullar at its last meeting on March 25, an official said. [...]

Muthoot Housing Finance Company aims to Build Small- Loan Portfolio

Posted: 05 Apr 2011 01:51 AM PDT

Muthoot Housing Finance Company, a part of the Kerala-based Muthoot Pappachan Group, is in talks with International Finance Corporation (IFC) to raise resources. It aims to build a portfolio of small-ticket loans aggregating about Rs 500 crore in the medium term. Tapping multilateral institutions like IFC is one of the options the finance company had [...]

Unitech Limited acquires Rs 200 crore from new Gurgaon project

Posted: 05 Apr 2011 01:46 AM PDT

Unitech Limited India’s leading business group having operations in large-scale integrated real-estate development and infrastructure projects has received an overwhelming response for its new project launched last week ( Unitech South Park, Gurgaon), with over 300 bookings garnering almost Rs 200 crore. It has completely sold out Phase I of the project that is targeted [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

CREDAI Andhra Pradesh to Implement Code of Conduct for its Members

Posted: 01 Apr 2011 11:25 PM PDT

The Confederation of Real Estate Developers Association of India (CREDAI), Andhra Pradesh chapter is likely to implement a code of conduct for all its members in the state, wherein developers, recognised by CREDAI (AP), will have to abide by a set of rules laid down by the national body. CREDAI is also slated to set [...]

Demand for Loan Highest from Real Estate Sector and NBFCs: RBI

Posted: 01 Apr 2011 10:48 PM PDT

Banks have experienced strong demand for loans from non-banking finance companies (NBFCs) and from the real estate sector during the year till February, shows the latest data released by the Reserve Bank of India. "Credit growth to NBFCs at 46.4 per cent on a year-on-year basis in February was significantly higher than the growth of [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Emaar MGF Clears Air on Valuation Exercise: Rebuff Report of a Possible Split

Posted: 01 Apr 2011 12:36 AM PDT

Real estate developer Emaar MGF said it conducts valuation exercise of its assets on a regular basis and rebuffed reports of a possible split between its partners — MGF Development and Dubai’s Emaar Properties. “Emaar MGF, on a regular basis, values its assets for banking or allied purposes. Emaar Properties, as an investor, also gets [...]

Sobha Developer to Launch Projects in NCR and Chennai

Posted: 31 Mar 2011 10:36 PM PDT

As Sobha Developers prepares to launch projects in new markets such as the National Capital Region (NCR) and Chennai, it could look at monetising more land to raise funds, according to reports. J C Sharma, managing director of Sobha Developers said that finances for the new project launches have already been tied up but the [...]
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