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JLL to Foray into Sri Lanka Real Estate Market

Posted: 15 Sep 2011 08:15 PM PDT

Jones Lang LaSalle yesterday announced plans to enter the real estate market in Sri Lanka. "Jones Lang LaSalle is opening a full-fledged operations branch in Sri Lanka. It is the first IPC to venture out into this lucrative country, based on its findings that Sri Lanka is a real estate boom unfolding even as we [...]

APIIC-Emaar Probe: CBI Questions Chiranjeevi’s Son

Posted: 15 Sep 2011 08:10 PM PDT

The CBI, which is probing the alleged irregularities in APIIC-Emaar Properties land deal, on Thursday continued examination of buyers of the villas sold by Emaar and also questioned Telugu film actor Ramcharan Tej, son of actor-turned-politician Chiranjeevi. The villas and plots in ‘Emaar Hills’ township project in Gachibowli were allegedly purchased by several people from the [...]

Panchshil Realty Confirms Sharad Pawar’s Lie in Asset Declaration to PM

Posted: 15 Sep 2011 06:41 PM PDT

A day after a Mumbai-based daily, DNA, exposed agriculture minister Sharad Pawar's lie in connection with his Rs 12 crore assets declaration to the prime minister and the country, Panchshil Realty Group on Wednesday admitted that it issued bonus shares to the NCP president. Pawar's declaration did not mention the bonus shares. Panchshil Hotels [...]

Omaxe Likely to Raise Rs150 cr via Sale of Chandigarh Land

Posted: 15 Sep 2011 05:55 PM PDT

Delhi-based real estate developer Omaxe has put 25 acres of land in Chandigarh on the block and is expecting to raise around Rs 150 crore. The project was earlier slated to be a mixed development project. The company has a total land bank of 350 acres in Chandigarh, valued at Rs 2,000 crore according to [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

20.2% Decline in PE Investment in Real Estate Sector

Posted: 13 Sep 2011 07:46 PM PDT

Private equity investment in India’s real estate sector declined by around 20.2% to $831 million (about Rs 3,740 crore) in the first five months this fiscal due to sluggish demand. Factors like tight availability of funds with PE players and delays in project execution prompted fund houses to adopt a cautious approach toward the real [...]

DLF in Debt Cut Mode: Sells 28 acre Gurgaon Plot to M3M for Rs 440cr

Posted: 13 Sep 2011 07:44 PM PDT

DLF has sold a 28-acre plot in Gurgaon to developer M3M India for 440 crore, in the first among many such big-ticket sales it has lined up this fiscal to bring down mounting debt. At least two persons involved in the deal said the plot in Gurgaon has all approvals and permission for a group [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Developers Excited as Retail Giants Plan Country Wide Expansion

Posted: 12 Sep 2011 07:53 PM PDT

India’s biggest retail players are on the hunt for space again, after a hiatus of two years, breathing life into the real estate sector, which is reeling under the impact of falling home sales. Encouraged by an upswing in demand, builders have launched over 6 million sq ft of retail space in the first six [...]

DLF Plans to Sell 17.5 acre Prime Mumbai Land for Rs 4000 cr

Posted: 12 Sep 2011 07:48 PM PDT

DLF, India’s largest real estate developer, has decided to sell its prized asset, the 17.5 acres NTC Mill land in central Mumbai, which bankers estimate would fetch between Rs 3,000 crore and Rs 4,000 crore that will make it one of the biggest land deals in the country. The company that bought the land for [...]

DLF Seeks Approval to Sell Shares of its PUNE Based IT SEZ

Posted: 12 Sep 2011 06:33 PM PDT

DLF has sought approval from the Board of Approvals for SEZs to sell the shares of its IT SEZ in Pune to a foreign investor. This will be taken up by the BoA in its 48th meeting on September 19 under the item “Clarification on issues related to dilution of equity in the developer company, [...]
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