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Faridabad sees Considerable Rise in Demand for Residential Property

Posted: 07 Aug 2011 08:06 PM PDT

Faridabad, the industrial city of the national capital region, has rapidly emerged as one of the most preferred destinations for real estate investors. The city has developed over the last five decades and has witnessed considerable rise in demand for residential property, while also offering investors constant increased returns. No more a smoky industrial city, [...]

FDI in Multi-Brand Retail to Open Millions of Employment Opportunities: Experts

Posted: 07 Aug 2011 07:20 PM PDT

The Opposition may be asking the United Progressive Alliance government how foreign direct investment (FDI) in multi-brand retail would help generate employment, but the industry has already begun crunching numbers. At the first sign of the sector opening up, human resource consultants, body shoppers and recruitment agencies are scouting for opportunities and, of course, talent [...]

High Court Upholds Service Tax on Renting of Property

Posted: 07 Aug 2011 07:14 PM PDT

In a judgment that has enriched the central government coffers by an estimated Rs 10,000 crore in the last three years, the Bombay high court on Thursday upheld the constitutional validity of service tax on commercial real estate transactions on renting of property. A 12% service tax was introduced in the amended Finance Act, 2007. [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Shahrukh Khan to Launch Five Star Hotel in Kerala

Posted: 04 Aug 2011 07:43 PM PDT

Bollywood actor Shahrukh Khan will formally launch The Raviz, a five-star hotel property with seven star facilities standing on the banks of the Ashtamudi lake in suburban Kollam on August 19. The chief minister, Oommen Chandy, will inaugurate a function to be held in this connection, according to B Ravi Pillai, a leading non-resident entrepreneur [...]

Sobha Group Forays into NCR: Plans 150acre Township in Delhi

Posted: 04 Aug 2011 07:05 PM PDT

As part of its foray into the National Capital Region (NCR), Sobha Group will be developing a township project in Delhi. The International City will come up over 150 acres in Dwarka-South West Delhi. The first phase of this project will be spread over 36 acres, with 3.5 million square feet of development including 0.5 [...]

Tier II Cities More Attractive Destination for Retail Loan Demand: Crisil

Posted: 04 Aug 2011 06:52 PM PDT

Crisil Research expects increasing finance penetration and entry of more players to drive faster growth in retail loans demand in tier II cities. Despite lower volumes, these markets are as profitable as the larger markets on account of higher yields, says Crisil’s recent report titled “Retail loan products: Opportunities and risks beyond metros and mini-metros”. [...]

Shangri-La Hotel to open in Mumbai by Year End

Posted: 04 Aug 2011 06:47 PM PDT

After seeing numerous delays since 2009, the Shangri-La Hotel is finally set to debut in Mumbai by the year-end. Phoenix Mills Ltd (PML), the asset owning company, had earlier planned to soft-launch the property at its Parel compound with 50 per cent inventory in the second quarter of the last fiscal. However, the company ran [...]

Land Acquisition Act is a fraud, ought to be scrapped: SC

Posted: 04 Aug 2011 06:07 PM PDT

Frowning at increasing incidents of government forcibly acquiring land for industrialization and residential schemes, the Supreme Court observed that the Land Acquisition Act ought to be scrapped as it is a “fraud” devised by some “sick people”. In a morale booster to the Narendra Modi government in Gujarat, the apex court complimented it for its [...]
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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 Industry Divided Over Impact of FDI in Multi-Brand Retail

Posted: 03 Aug 2011 08:28 PM PDT

Some claim it would result in increased demand for commercial real estate, while others say there would be minimal impact in the short term. Also, the growth in e-commerce will ease the pressure on real estate demand. Sanjay Dutt, chief executive officer (business), Jones Lang LaSalle India, said, "Opening up of new business avenues in [...]

Jaipur is Real Estate Hotspot Believes Global Research Agency ‘CRISIL’

Posted: 03 Aug 2011 08:09 PM PDT

If rising interest rates are compelling you to stall the idea of purchasing a house then think again. When it comes to buying property any time is a good time. While interest rates are cyclical, real estate prices progress in a linear fashion and always head north. The advice holds good especially for Jaipur, shows [...]

DLF to Sell two Non-Core Assets this Quarter

Posted: 03 Aug 2011 07:22 PM PDT

India’s largest real estate company DLF Ltd said it will sell at least two non-core assets in this quarter, helping it partly reduce its net debt of Rs 21,524 crore starting this quarter. “We should be able to achieve that in Q2,” the company’s executive director, Saurabh Chawla, said in an analyst call on Wednesday, [...]

Change in Sales Strategy Helped DLF Improve Revenue & Cash Generation

Posted: 03 Aug 2011 07:05 PM PDT

Slowing sales of flats and high interest rates are pinching real estate player DLF. The company's revenues grew 21 per cent year-on-year to Rs 2,450 crore in the first quarter, but fell nine per cent sequentially. The company managed to beat the Street's revenue estimate primarily due to increased focus on selling plots, say analysts. [...]
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