Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Parsvnath Receives Shareholders Approval to Raise up to Rs 2,000 crore

Posted: 26 Sep 2011 08:13 PM PDT

Real estate developer Parsvnath today said it has received shareholders’ approval to raise up to Rs 2,000 crore through the issue of securities to qualified institutional buyers. In a filing to the Bombay Stock Exchange (BSE), the company said it has received approvals to raise up to Rs 2,000 crore in long-term funds through the [...]

Developers May Increase Gujarat Residential Rates Post Diwali

Posted: 26 Sep 2011 06:22 PM PDT

Home sales are far and few, but a section of Gujarat builders is planning to raise prices by 10% post-Diwali. Real-estate experts however, feel that the move could possibly boomerang in the present market conditions. Rising construction and labour costs are the main reasons for a possible hike being considered by the developers most of [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Omaxe Shelves Plan to Develop 10 Lakh Affordable Houses at an Investment of Rs 80,000cr

Posted: 25 Sep 2011 08:28 PM PDT

Realty firm Omaxe has shelved its Rs 80,000 crore investment plan aimed at developing 10 lakh affordable houses across the country over a period of five years. “The project could not take off after the slowdown impacted all the developers in 2008. We tried to develop some houses at some locations… The project is shelved [...]

Retail Chains Looking for Space Across the Country

Posted: 25 Sep 2011 07:40 PM PDT

Non-metros set to witness much of the action, too, while metro lease rentals begin a canter. Retail chains across the country are signing up for space in a big way, after a long pause that had followed the economic downturn. For instance, the Future Group, Shoppers Stop and Reliance Retail together picked up more than [...]

FDI in Multi Brand Retail will Increase Investment Opportunities in Organised Retail Sector

Posted: 25 Sep 2011 07:23 PM PDT

The introduction of FDI in multi-brand retail will lead to increased demand, which in turn will catalyse more investment opportunities in organised retail. A key differentiator of the retail sector is that it penetrates beyond the top seven cities, into areas where there is a significant shortage of well-planned, well-developed and professionally managed shopping centres. [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Centre Expected to Bring Real Estate Regulation Bill this Winter

Posted: 22 Sep 2011 08:20 PM PDT

Union minister for housing and urban poverty alleviation Kumari Selja has said that the Centre is expected to bring the real estate regulator bill in the winter session. “We have received the law ministry’s view on this legislation. Respective state governments can then frame their own regulatory bill to improve governance and transparency in the [...]

Prestige Group comes up with Luxury Apartment Project Christened ‘Edwardian’ in Bangalore

Posted: 22 Sep 2011 06:42 PM PDT

The Prestige Group has launched Prestige Edwardian, a luxury apartment project in the heart of Bangalore, on Edward Road, about 2 km from MG Road. The project, which will be spread across 40,000 sq ft, as the name 'Edwardian' suggests will be designed using the Edwardian style of architecture. The design marvel is reflective of [...]

Equinox Realty Forays into ‘Non Captive’ Real Estate: Plans to Launch Residential Projects in Bangalore

Posted: 22 Sep 2011 06:40 PM PDT

Essar Group-promoted Equinox Realty — which until now developed only 'captive’ residences, that is, those for group companies — will start building residences for the general market with the launch of a project in Bangalore early next year. The company already has 8 million square feet of residential projects for employees of group companies under [...]

Hotel Chain ‘Royal Orchid’ to add New Brand in Mid-Market Segment

Posted: 22 Sep 2011 05:53 PM PDT

Hotel chain operator Royal Orchid Hotels Ltd plans to add a new brand in the Indian mid-market space in the next couple of months to expand its portfolio, a top official said on Wednesday. “As things emerge, we will be adding categories of hotels so we are planning to add a couple of new brands. [...]
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