Property News from IndianRealtyNews

Property News from IndianRealtyNews

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No FDI in Real Estate Consultancy Firms: GOVT

Posted: 04 Oct 2011 08:43 PM PDT

The government has decided not to allow foreign direct investment (FDI) in real estate consultancy firms, given the perception that this route is used as a conduit for investing in real estate. The Foreign Investment Promotion Board (FIPB) has articulated this view, while rejecting a proposal by the French consultancy firm AOS Studley Group for [...]

Govt Ready with Final Draft of Real Estate Bill

Posted: 04 Oct 2011 08:06 PM PDT

The Centre is ready with the final draft of a real estate bill that makes it compulsory for developers to disclose key aspects like carpet area and layout and promises a safety net for prospective home buyers. If the Real Estate (regulation and development) Bill, 2011 is cleared, developers can even be jailed for up [...]

HDFC Plans to Raise $600mn from Overseas Investors for Residential & Commercial Projects

Posted: 04 Oct 2011 07:40 PM PDT

Housing Development Finance Corp., India's largest mortgage lender, plans to raise its fourth property fund from overseas investors, said two people with direct knowledge of the matter Housing Development will seek to raise $600 million for residential and commercial projects in India's largest cities, starting with an investor roadshow in Singapore from November, said one [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Govt May Consider 100% FDI in Single Brand Retail

Posted: 03 Oct 2011 08:17 PM PDT

The government is considering opening fully its single-brand retail sector to foreign direct investments, the industry secretary said on Monday, a possible boon to the government’s reform programme which has appeared on the backburner. India currently allows 51% foreign direct investment ( FDI) in single-brand retail and 100% in wholesale operations. The government has considered [...]

Global Investors Interested in Indian Real Estate: Cushman & Wakefield

Posted: 03 Oct 2011 08:06 PM PDT

The current global scenario might be one of gloom, with markets in the US and in Europe on the brink of a double dip recession, but interest in Indian real estate is still high among global investors, said Carlo Barel di Sant’ Albano, chairman of the board of global property advisory firm Cushman & Wakefield. [...]

Bombay Dyeing to transform into Real Estate Company: May soon Launch 4 Major Projects in Mumbai

Posted: 03 Oct 2011 07:59 PM PDT

Bombay Dyeing, which has seen fortunes dwindle from its textiles division, expects realty to generate over half of its revenues this financial year and three quarters in five years. “We will essentially become a real estate firm in the years to come,” managing director Jeh Wadia said. Jeh took charge of Bombay Dyeing in a [...]

Shares of Real Estate Companies Slip by 4%: All Major developers Affected

Posted: 03 Oct 2011 07:20 PM PDT

Shares of real estate companies are witnessing some intense selling pressure at the bourses with the BSE Realty index slipping almost 4% compared to 2% fall in the benchmark index Sensex on concerns of weak earnings growth during the recently-concluded quarter and liquidity concerns. At 01:50 p.m., shares of Sobha Developers Ltd, DLF Ltd and [...]

Navratra Property Carnival Registers Impressive Sale Figures

Posted: 03 Oct 2011 07:02 PM PDT

Cashing in on positive buyer's sentiments during Navratra, the two-day (1st & 2nd October) 'Navratra Property Carnival' (NPC) registered heavy footfalls and impressive sale figures. The expo organised by Investors Clinic (IC), in association with TOI and Realty Plus, showcased over 40 residential and commercial projects not only coming up in Delhi-NCR but also in [...]

Flat Associations File Caveat for giving DLF a chance of hearing at COMPAT

Posted: 02 Oct 2011 08:59 PM PDT

Two flat owners’ associations have filed a caveat in the competition appellate tribunal COMPAT, requesting it not to decide on case concerning realty major DLF without giving them a chance of hearing. The case pertains to fair trade regulator Competition Commission of India (CCI) having imposed Rs 630 crore fine on DLF for abusing [...]

Acron Opens Booking for its Ready to Move in Apartments in Goa

Posted: 02 Oct 2011 07:55 PM PDT

Acron Developers, a real estate company from Mumbai has opened bookings for its Emerald Court property, ready to move in apartments in Goa. The firm has invested Rs 300 crore in the project at Nagoa, Arpora village, a five-ten minute drive away from the famous Calangute and Baga beaches. "The Emerald Court property has [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Tata Housing Comes up with 22 Acre Residential Township at Kalyan, near Mumbai

Posted: 02 Oct 2011 08:03 PM PDT

Tata Housing Development Company has announced the launch of a 22-acre residential township of 14, 24, 29 and 34-storeyed towers at Kalyan, near Mumbai. Tata Housing said the project will have about 2,500 apartments, including 2 BHK and 3 BHK homes, priced between Rs 40 and 65 lakh, with a minimum size of 927 square [...]
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