Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Government in Discussions to Consider FDI in Multi-Brand Retail- Sharma

Posted: 28 Apr 2010 12:00 AM PDT

The Indian government is consulting various stake-holders on allowing foreign direct investment (FDI) in multi-brand retail and the scope of such investments in other sectors, Commerce and Industry Minister Anand Sharma said Tuesday. ‘FDI in multi-brand retail is part of the discussion paper being prepared by our ministry. We are also studying the scope of FDI [...]

Parsvnath Planning an Exit from Ahmedabad- Sources

Posted: 27 Apr 2010 11:52 PM PDT

Parsvnath Developers Ltd, one of the leading real estate companies in the country, are planning to move their operations out of Ahmedabad, if industry sources are to be believed. After selling its top property in Satellite for around Rs150 crore last month; the company recently sold off another prime land for Rs 30 crore in Vastrapur, [...]

Unitech Infra to be Listed in NSE and BSE within a Year

Posted: 27 Apr 2010 08:54 PM PDT

Unitech Infra, the demerged entity of the country's second largest real estate developer is aiming to get listed on the National Stock Exchange and Bombay Stock Exchange within a year, banking on its high order book and low leverage. The infrastructure arm would have an order book of about Rs 2,700 crore, its services division manages [...]

Unitech, Ansal, Omaxe and Parsvnath Rate Positive in Fitch’s List

Posted: 27 Apr 2010 08:45 PM PDT

Credit rating agency Fitch on Tuesday placed four real estate companies — Unitech, Omaxe, Ansal Properties and Parsvnath — on rating watch positive, in view of the improvement in industry fundamentals. Rating watch positive reflects the possibilities that the ratings can either be upgraded or affirmed at the current levels, Fitch said. Fitch said sustainable operating [...]

Cut Throat Competition among Fund Managers about Realty Debt Papers

Posted: 27 Apr 2010 07:04 PM PDT

The outlook on real estate sector may not be too bright at the moment, but that is not deterring mutual funds from investing in paper issued by property developers. In addition to the old restructured papers of Gurgaon-based builder Unitech, debt schemes of fund houses like SBI, ICICI and UTI have invested in papers of companies [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Oberoi Group Planning Hospitality Venture in Turkey

Posted: 27 Apr 2010 01:02 AM PDT

Hospitality major The Oberoi Group is in talks with Turkey for a hospitality venture. “The Oberoi group has shown interest and is in talks in the hospitality sector in Turkey,” Turkish Ambassador to India Levent Bilman said. “The talks have just begun in February and is in the early stage,” said Bilman. The group’s parent [...]

RBI to Set up Housing Start-up Index (HSUI)

Posted: 27 Apr 2010 12:54 AM PDT

The Reserve Bank has initiated an exercise to set up a housing start-up index (HSUI) to track new residential projects in 31 major cities and measure the changes in construction activities. The HSUI will cover new residential projects in all major cities including Delhi, Mumbai, Chennai, Kolkata and Bangalore, among others, the RBI said while [...]

Skyline Announces Launch of Luxury Residential Project in Bangalore

Posted: 25 Apr 2010 08:53 PM PDT

Skyline Constructions has announced plans to create an exclusive luxury residential haven – Skyline Villa Maria, in Bangalore. Located in the heart of the city's commercial and lifestyle district, just off Brigade Road, an exclusive few will be offered the finest in high-quality living in each one of the six exclusive apartments. Each 'by invitation' [...]

Tata Housing Plans Investment of Rs 300to400 cr to Acquire More Land

Posted: 25 Apr 2010 07:56 PM PDT

The real estate arm of Tata Sons Ltd plans to invest Rs300-400 crore during this fiscal to acquire more land and build a pan-India presence, its chief executive officer said. Tata Housing Development Co. Ltd is executing projects spread over 20 million sq. ft of space. It expects to increase its land bank by adding [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

DLF Buys Stakes worth Rs 3,085 crore in DLF Assets

Posted: 25 Apr 2010 09:49 PM PDT

DLF Ltd, the country’s largest-listed real estate firm, said one of its units had bought 245 million compulsorily convertible preference shares in a group company, DLF Assets, from private equity firm SC Asia Pte Ltd for Rs 3,085 crore ($696 million). After the deal, the DLF unit’s stake in DLF Assets has risen to 91.9 [...]

Ansal Plans Rs 1,000-crore Township in Gurgaon

Posted: 25 Apr 2010 09:40 PM PDT

Ansal API is returning to Gurgaon after nearly seven years, with a Rs 1,000-crore township project planned in Sector 67. Esencia, the new township, is expected to be launched in May. Ansal had last launched a project in Gurgaon in 1996 and Sushant Lok-III was readied in 2003. "We are back in Gurgaon after a [...]

2010 Witnesses Stability in Office Space Rentals in India

Posted: 25 Apr 2010 09:36 PM PDT

Rents for office space are seen stable in 2010 as increased spending by IT and ITES firms absorbs space put out over the last few quarters, a recent survey by real estate consulting firm C.B. Richard Ellis showed. The market for commercial space in major Indian cities has seen a boost in demand in the [...]

After Successfully Launching Nano Housing Tata now Targets Ultra Luxury Segment

Posted: 25 Apr 2010 09:32 PM PDT

After wooing the common man with products like the Nano and sub Rs 4 lakh housing, Tatas are now targeting the opposite end of the spectrum with plans to develop apartments in a price range of Rs 3-7 crore. “We have successfully launched our low-cost housing and it is currently under execution. Now we have [...]
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