Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Regulatory Body for Real Estate will lead to Corruption: CREDAI President

Posted: 04 Sep 2011 09:16 PM PDT

Real estate industry body CREDAI on Saturday opposed constitution of a regulatory body for the real estate sector, saying that it would become a “breeding ground for corruption” if implemented. “The proposed regulatory bill will become a breeding ground for corruption (if implemented),” the Confederation of Real Estate Developers Association of India (CREDAI) President Lalit [...]

Trouble for Sahara as MCA Extends Support to SEBI

Posted: 04 Sep 2011 08:00 PM PDT

In a move that may spell more trouble for Sahara group of companies — Sahara Real Estate Corporation Ltd and Sahara Housing Investment Corporation Ltd — the ministry of corporate affairs (MCA) has expressed its support to market regulator Sebi's June 23 order against the two companies. In an affidavit, the ministry states that both [...]

Commerce Ministry Invites Suggestions to address Policy Framework & Operational Issues of SEZs

Posted: 04 Sep 2011 07:37 PM PDT

The Commerce Ministry has called for suggestions from all stakeholders to comprehensively address the policy framework and operational issues of Special Economic Zones (SEZ). This, the Ministry said, is to accelerate the growth of SEZs. Suggestions may be sent in the linked format at the official Web site for SEZ, it added. According to official [...]

Hit by Fund and Permit Hassles, Hotel Majors Stall Projects

Posted: 04 Sep 2011 07:20 PM PDT

Many leading hospitality companies looking at expansion are either deferring launches or stalling projects on the back of various challenges including fund crunch and roadblocks in getting permits. According to a study by consulting firm HVS, the hospitality companies had announced to add 90,000 rooms by April 2015. Realistically, industry experts say, only two-thirds of [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Wave Pays Rs 375 cr as Stamp Duty for Registration of 151 acre Noida Land

Posted: 02 Sep 2011 08:10 PM PDT

Wave Infrastructure today said it has paid about Rs 375 crore as stamp duty for registration of about 151 acres of land in Noida, which the company had won in the country’s biggest land deal for a whopping Rs 6,570 crore. In March this year, Wave Infrastructure had bagged 6.14 lakh sq meter plot for [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

CCI Charges DLF in another Case of Violation of Market Position, No Penalty this Time

Posted: 31 Aug 2011 08:17 PM PDT

Anti-competitive practices watchdog Competition Commission of India (CCI) has charged real estate major developer DLF of abusing its dominant position in yet another high-profile residential project in Gurgaon, Haryana. In a verdict delivered on Tuesday, CCI clubbed eight complaints filed by the Park Place Residents Association to direct DLF to stop formulating and imposing unfair [...]

US Billionaire Sam Zell’s Equity International Plans Entry into Indian Real Estate

Posted: 31 Aug 2011 07:23 PM PDT

Billionaire Sam Zell is entering the real estate markets in India and Columbia in the next two weeks as he continues to favor international investments over US property deals. Zell, chairman of Chicago-based Equity International, will invest in real estate in Colombia and will eventually move on to residential projects, he told Bloomberg Television. In [...]
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