Express Infrastructure in talks with leading hotel chains

Fri, Mar 19 2010

India's second-largest listed realty developer Unitech is now focusing on taking foray into non-core businesses viz. power, hotels, telecom and special economic zones, the media reported on Friday.

Parsvnath may sell BEST land to Kanakia

Thu, Mar 18 2010

The New Delhi based realty major Parsvnath Developers is on the path of signing deal with a local developer for its BEST land at Kurla. The property deal entails an investment of Rs 307 crore, sources involved with the deal said.

Express Infrastructure in talks with leading hotel chains

Thu, Mar 18 2010

Express Infrastructure, an integrated commercial-cum-hospitality complex developer, is working on a settlement with the big chains like Hyatt and Shangri-La. The deal involves managing the hotel property built by it inside the Rs.750 crore Express Avenue Complex here.

Mahindra Lifespace plans more townships

Wed, Mar 17 2010

Realty major Mahindra Lifespace plans to obtain around 4,000 acres in Chennai and Pune for developing two more business parks, says a top official on Monday. It has plans to acquire around 1,000 acres of land in Chennai and around 3,000 acres in Pune,

Withdraw service tax on realty'

Wed, Mar 17 2010

The Associated Chambers of Commerce and Industry of India has urged to the government to roll back the proposed service tax, entailing levy of tax on real estate developers at the time of construction. The industry body has stated that it would increase the tax burden on home buyers and impact the recovery of the sector.

DLF sells 1 m sq.ft in single project

Tue, Mar 16 2010

A new benchmark set on Monday by the India's leading realty company. DLF has sold one million sq.ft. in a single project New Town Heights DLF Kakkanad, in just over one year

Lodha Bellezza Phase III launched

Tue, Mar 16 2010

Realty major Lodha Group has announced on Monday the third phase of Lodha Bellezza, which is a luxury segment real estate project. The Mumbai based realty company's announcement was followed by auspicious Ugadi

EmaarMGF launches Palm Hills in Gurgaon, NCR

Tue, Mar 16 2010

Global realty major EmaarMGF has announced the launch of its new project Palm Hills in Gurgaon, NCR. The project will be initiated close to NH8 and at a prime location of Sector 77 of Gurgaon.

Road to riches

Mon, Mar 15 2010

The infrastructure sector in India, despite some near-term issues, promising rich growth opportunities, which could translate into superlative gains for investors. It’s palpable that the state of infrastructure in I2ndia is far behind from developed countries or even developing countries like China.

Realty expo in Kolkata

Thu, Mar 11 2010

The announcement has been done by the Confederation of Real Estate Developers' Association of India (CREDAI) to organize a real estate exhibition during 12 March 2010 to 15 March 2010 at the Science City Grounds in Kolkata.

Realty major BPTP plans Rs 1,500 cr IPO in early FY11

Thu, Mar 11 2010

BPTP, an Indian realty developer, has announced its plans to raise a fund of Rs 1,500 crore through an IPO during the next financial year. Kabul Chawla, The Managing Director of BPTP, has said on Wednesday that company has applied to Sebi for approval.

Binani Cement forays into realty

Wed, Mar 10 2010

Binani Cement, a part of Binani Group, has announced to take a foray in to commercial real estate development. The company will commence projects on its idle land bank in a move to reduce dependence on the cyclical nature of the cement business.

HCC plans Rs 50,000cr investment in Lavasa in a decade

Wed, Mar 10 2010

One of the realty majors Hindustan Construction Company (HCC) has given hints about its plans to invest around Rs 50,000 crore in its township project in Lavasa. The company plans to invests the whopping sum in a period of next 10-12 years, a top company official said here on Tuesday.

DLF hints at jacking up prices

Wed, Mar 10 2010

India's leading realty icon on Monday has given hints over the significant price rise in properties. The announcement has been leaded by interest rate hike by a few leading banks and the proposal presented by government to slap service tax on the realty sector.

Cost cutting : ICICI sells Prabhadevi property

Tue, Mar 9 2010

ICICI, India’s second largest bank has planned to sell some of its properties this year. This plan has been devised in order to control the growing costs. A Mumbai based 13 floor building Prabhadevi has already been sold by the bank.

Blues ahead for realty

Mon, Mar 8 2010

The increased prices set by builders and the recent budgetary proposals might play an active role in taking down the demand in realty sector in the long run.

LIC to undertake realty projects across India

Mon, Mar 8 2010

LIC of India takes foray in realty sector and it would undertake commercial and residential realty projects in the country at various places. Life Insurance Corporation of India is the second largest real estate asset holder after Railways, states T S Vijayan, the Chairman of LIC.

Emaar MGF gets Sebi nod for Rs 3,850 cr IPO

Sat, Mar 6 2010

In a revert to draft red herring prospectus ( DRHP ) filed by Realty major Emaar MGF September last year, the Securities and Exchange Board of India has given green signal to launch its Rs 3,850 crore initial public offer (IPO).

Realty companies opt for joint play to save on costs

Fri, Mar 5 2010

Some of the Indian realty companies have opted to work on join development deals with landowners instead of spending huge money in buying and holding land at expensive rates. The decision has been made on account of escalating land prices, unclear titles and a clear need to conserve cash.

Retailers get smart in realty deals

Thu, Mar 4 2010

Country's retailers in the realty sector have been getting back their bargaining power in respective deals, which is good symbol of overcome on the recession. "Retailers will no longer sign rental agreements at terms which do not make commercial sense." says Mr Arvind K. Singhal, Chairman, Technopak,,a management consultancy firm.