Property News from IndianRealtyNews

Property News from IndianRealtyNews

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More technology required in Real Estate Sector: Adi Godrej

Posted: 26 Jun 2011 07:56 PM PDT

The country’s real estate sector and construction industry are faced with an acute labour crunch, which is impacting delivery of projects and cost escalations, Adi Godrej, chairman of Godrej group, said. Speaking at a real estate conference organised in Mumbai, Godrej quoted from a World Bank report, which said that the Indian construction industry [...]

Country Club on Expansion Spree: Plans 18 More Properties in 5 Years

Posted: 26 Jun 2011 07:49 PM PDT

Leisure and infrastructure firm Country Club India has earmarked over Rs 300 crore for expansion activities in next five years and is eyeing one million membership in 10 years. “We are spending Rs 100 crore this FY12 for developing 18 properties, which will be operational by FY 13. After finishing them, we will plan on [...]

BSN Developers under Scanner over Controversial Mumbai Land Deal

Posted: 26 Jun 2011 06:45 PM PDT

Mumbai's realty sector has received a major jolt following reports of a controversial deal involving a prime plot in the eastern suburb worth Rs 800 crore. According to police, six months after a deal between real estate major HDIL and Kanakia Group was finalised, a third party, BSN Developer, claimed the 30,000 square metre plot [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Mumbai-Based Acron Infra Projects Developing Residential Complex at Pune

Posted: 24 Jun 2011 08:05 PM PDT

Mumbai-based Acron Infra Projects is developing a large residential complex at Karvenagar in the heart of Pune, a three-hour drive from the metropolis of Mumbai. "We are building a large, affordable residential complex with a total of 2,800 apartments spread over a 24-acre green campus in the heart of the city at Karvenagar," Amar J Britto, [...]

Singapore-based CapitaMalls Asia to invest Rs 1,800 crore in India

Posted: 24 Jun 2011 07:02 PM PDT

Singapore-based CapitaMalls Asia, which develops, owns and manages malls across Asia, has committed Rs 1,800 crore to its growth in India for the next three years. Kevin Chee, CEO and country head of CapitaMalls Asia, told Business Line that apart from funding the two malls that are operational now, this money would be also [...]

Market Capitalisation of Real Estate Stocks Goes Down by Rs 35,000 Crore

Posted: 24 Jun 2011 05:59 PM PDT

Though property prices have not gone down in spite of sluggish sales numbers, property stocks have. The market capitalisation of realty stocks has eroded by Rs 35,305 crore in the last 18 months. The full market capitalisation of BSE Realty index declined to Rs 75,128 crore on Thursday from Rs 1.10 lakh crore on December [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

SEBI Orders Sahara Group to Return Money Raised from Investor

Posted: 23 Jun 2011 08:40 PM PDT

India’s market regulator Thursday ordered two companies of the Sahara Group to return the money raised from investors from the issuance of six optionally fully convertible debentures (OFCDs) for failure to adhere to local laws. The Securities and Exchange Board of India, or SEBI, said it ordered Sahara Commodity Services Corp. Ltd., earlier known as [...]

Record Deal in South Mumbai: Developer Pays Rs 350 Crore for Bungalow Property

Posted: 23 Jun 2011 07:46 PM PDT

A suburban developer has paid a record price of Rs 350 crore for a Nepean Sea bungalow property. Runwal Group, which has projects largely in the eastern suburbs, bought Nepean Grange , the two-storey bungalow constructed in 1918, from the Kapadia family. The transaction was finally concluded a few days ago after months of negotiations, [...]

Crisil Reports 5% Fall in Ahmedabad Property Prices

Posted: 23 Jun 2011 07:23 PM PDT

This may not be good news for investors, but it's music to the ears of home buyers in the city. A reliable market research agency, Crisil Research, says that there will be 5% correction in the realty prices in Ahmedabad this year. A recent report released by Crisil Research, titled 'Real(i)ty Next: Beyond the Top [...]
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