Property News from IndianRealtyNews

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ATS Group to Develop Two Housing Projects in Gurgaon

Posted: 09 Aug 2011 07:55 PM PDT

Real estate firm ATS Group today said it would develop two housing projects in Gurgaon with an investment of nearly Rs 550 crore. The Noida-based company would develop 924 housing units in both these projects over the next three years. “We are foraying into the Gurgaon real estate market with two group housing projects. The [...]

Siva & Akruti City Plan Exit from Hindustan Mills Property in Mumbai

Posted: 09 Aug 2011 07:04 PM PDT

Serial entrepreneur C Sivasankaran (Siva) is looking at a valuation of Rs 1,000 crore to exit from the Hindoostan Mills property in Mumbai. Ackruti City, another stakeholder of the property, is also considering to sale its stake for a similar amount, Business Standard reported, citing sources. Both Siva Group and Ackruti have equal stake in [...]

Videocon Group Puts Ahmedabad Based Hotel Project on Hold, Plans Residential-Cum-Commercial Project

Posted: 09 Aug 2011 07:00 PM PDT

The Indian multinational consumer durable goods company, Videocon Group, has put its hotel project on backburner. The company now plans to enter the Ahmedabad real estate market with a residential-cum-commercial project on the prime location of Ashram Road. The company has already submitted plans to the Ahmedabad Municipal Corporation (AMC) for approval. There will be [...]

Oberoi Group Partners with Mukesh Ambani-led Reliance Group for Hotel and Realty Ventures

Posted: 09 Aug 2011 07:00 PM PDT

The Oberoi Group is headed towards a strategic partnership with Mukesh Ambani-led Reliance Group for developing hotels and real estate property complexes in Bangalore and Goa. The hotel and leisure group’s patriarch, P R S Oberoi, said at a press conference after the 61st AGM of EIH Ltd on Tuesday that the Reliance Group, the [...]

10% Drop in Sobha Developers Q1 Profit

Posted: 09 Aug 2011 06:10 PM PDT

A significant increase in provision for income tax has led to a 10 per cent dip in net profits for Bangalore-based real estate company Sobha Developers, to Rs 30.9 crore during the first quarter of this fiscal. Last year, the company recorded Rs 34.3 crore during the corresponding quarter. However, its net sales went up [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

DDA Showed Undue Favor to Emmar MGF in Awarding Residential Complex Contract: CAG

Posted: 08 Aug 2011 08:07 PM PDT

The Comptroller and Auditor General (CAG) has said that "undue favour" was shown to Emaar MGF in the award of the contract for construction of Commonwealth Games residential complex. DDA allowed "several financial concessions" to Emaar MGF including revision of milestones and delay or non-levy of liquidated damages, it said. The report also noted [...]

Farmers Reject Patwari Pact, Demand Better Package

Posted: 08 Aug 2011 07:21 PM PDT

A day after the Greater Noida administration struck a deal with farmers of Patwari village in Noida Extension on the land acquisition issue, farmers from neighbouring villages dismissed the settlement and reiterated their demands for a better package. On Saturday, the farmers of Patwari had agreed to withdraw their petitions for a 65 per [...]

Govt Firms up New Draft Acquisition Bill

Posted: 08 Aug 2011 07:19 PM PDT

Amid a raging controversy over land acquisition norms, the government has firmed up the draft of a new Bill which makes consent of 80 per cent of land owners mandatory before purchase of land. The new draft Acquisition Bill, which is expected to be unveiled in the next few days, includes recommendations of Sonia Gandhi-led [...]

RP Group Plans 1000cr Investment in Hospitality Sector

Posted: 08 Aug 2011 07:12 PM PDT

The RP Group of NRI businessman, Ravi Pillai, is planning to make investments of around Rs 1,000 crore in the hospitality sector in various parts of India in the current financial year. Ravi Pillai, chairman of the Group, said that Kerala would be one of the main destinations for the investments as the State [...]

IHCL Plans 8 More Hotels across the Globe by 2014

Posted: 08 Aug 2011 06:25 PM PDT

Indian Hotels Company Ltd (IHCL) plans to add eight more hotels across the globe by 2014, said its chairman, Ratan Tata, at the company’s annual shareholders’ meeting on Friday. IHCL runs the Taj brand in the luxury five-star segment, the Vivanta brand in the four-star segment, Gateway Hotels in the three star-segment and Ginger in [...]
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