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Indian Real Estate News
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Alchemist buys land in Kolkata, to invest Rs 600 crore in project
Source: The Economic Times Sep 30, 2013
National capital-based realty firm Alchemist Township has bought about 20 acre land in Kolkata from a local builder Highland Group and will invest Rs 600 crore to develop a residential project. Property consultant Jones Lang LaSalle India facilitated the deal. Alchemist Group is promoted by K D Singh, a Rajya Sabha MP from Trinamool Congress Party. ... more
Oberoi Realty, Bulgari hotel talks fall through
Source: ET Bureau Feb 12, 2013
Mumbai will have to wait a while longer for its ultra-luxury Bulgari hotel, as talks between the Italian hotel brand and Oberoi RealtyBSE 2.00 % have fallen through. ... more
Tag: Developer News, property buying in india, real estate trends, property of india, real estate in india, mumbai properties
Provident Housing Ltd forays into Mangalore
Source: PTI Feb 11, 2013
Provident Housing Ltd, a wholly- owned subsidiary of the real-estate developer Puravankara Projects LtdBSE 2.10 %, is foraying into Mangalore with the launch of its property 'Skyworth'. ... more
Tag: Developer News, india real estate, bangalore properties, bangalore real estate
Morgan Stanley may invest up to Rs 9-10 billion in Mumbai office development: Sources
Source: ET Bureau Feb 08, 2013
The global real estate fund of Morgan Stanley is in talks with the Wadhwa Group to invest Rs 9 billion to Rs 10 billion($168-$186 million) in an office development in Mumbai, three sources familiar with the matter told Reuters. ... more
Tag: Developer News, property buying in india, real estate trends, property of india, real estate in india, mumbai properties
DLF plans to raise Rs 2,100 crore by selling 8.1 crore shares to institutional buyers as institutional placement programme
Source: ET Bureau Feb 04, 2013
DLF, India's largest real estate developer plans to raise Rs2,100 crore by selling 8.1 crore shares to qualified institutional buyers - known in market parlance as institutional placement program (IPP) - by April. ... more
Tag: Developer News, real estate of india, delhii real estate, DLF
Bangalore-based Century Realty's debenture default triggers panic in sector
Source: ET Bureau Jan 29, 2013
Many well-heeled investors pouring money into real estate bonds to get a higher return from a secured investment have been taken aback by the first default in a property debenture since the turbulent days of 2008-09. ... more
Tag: Developer News, india real estate, bangalore properties, bangalore real estate, Century
Lodha gets overwhelming response for posh project
Source: PTI Jan 28, 2013
At a time when property prices in Mumbai are not showing any signs of decline despite low sales, Lodha Group today said it has received 1,300 applications from prospective buyers for an upcoming realty project, which is more than double the number of units up for sale. ... more
Tag: Developer News, property buying in india, real estate trends, property of india, real estate in india, Lodha, mumbai properties
Mumbai-based Lodha Group to sell Lower Parel project through IPO model
Source: ET Bureau Jan 07, 2013
An initial public offer for buying residential apartments? Yes, you've read it right. The Mumbai-based Lodha Group is using an innovative IPO allotment-like automated algorithm system to sell apartments at its latest 17.5 acre premium project at Lower Parel in central Mumbai. ... more
Tag: Developer News, india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai, Lodha Group
Sahara moves Supreme Court for stay on direction to pay
Source: TNN Jan 03, 2013
Two Sahara companies on Wednesday moved the Supreme Court seeking stay on the direction to pay up around Rs 19,000 crore to Sebi, saying the Rs 5,120 crore they had deposited with the market regulator was in excess of the amount needed to secure the investors. ... more
Tag: Developer News, sahara group, indian realty trends, indian real estate
DLF office rental income to reach Rs 2,500 cr by FY15
Source: PTI Dec 16, 2012
Real estate major DLFBSE 1.19 % today said it expects 20 per cent annual growth in office rental income that would touch Rs 2,500 crore by 2014-15 fiscal with likely appreciation in rent value and new leasing. ... more
Tag: Developer News, real estate of india, delhii real estate, DLF
Anil Ambani's Reliance Group, China's Dalian Wanda Group to form joint venture
Source: PTI Dec 13, 2012
Anil Ambani-led Reliance Group on Thursday signed an agreement with China's retail player Wanda Group to set up a joint venture for building integrated township projects in India. ... more
Tag: Developer News, india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai, Reliance
Amplus Realty Fund makes first investment in Bangalore-based developer Assetz Homes
Source: ET Bureau Dec 10, 2012
Amplus Realty Fund has formed a joint venture with Bangalore-based developer Assetz Homes to invest over Rs 110 crore through equity investment, debt and customer advances. The joint venture will develop a mid and high-end residential project in Bangalore, the fund said in a release. ... more
Tag: Developer News, Indian real estate, property in india, century real estate, bangalore real estate
Real estate firm DLF plans to reduce debt to Rs 13,000 crore
Source: ET Bureau Nov 03, 2012
India's largest real estate firm DLFBSE -1.68 % plans to reduce its debt from Rs 22,700 crore to Rs 18,000 crore by March, according to a top executive. ... more
Tag: Developer News, real estate of india, delhii real estate, DLF
Voltas puts South Mumbai office building on block
Source: ET Bureau Oct 30, 2012
Tata Group Company Voltas has put one of its prime office buildings at Fort in south Mumbai on block. The building with total built-up space of nearly 27,000 sq ft is constructed on freehold land with marketable title, the company said in a newspaper advertisement on Tuesday. ... more
Tag: Developer News, india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai, Voltas
Tata Housing buys a bungalow in Delhi's Connaught Place for Rs 218 crore; plans to build luxury apartments
Source: ET Bureau Oct 17, 2012
Tata Housing has paid Rs 218 crore to buy a bungalow on a one-acre plot in the centre of Delhi's Connaught Place, with plans to build luxury apartments in a low-rise complex. The real estate arm of the diversified Tata Group ... more
Tag: Developer News, india real estate, delhi properties, india properties, Delhi Connaught Place
Mahindra Lifespaces plans low-cost houses in Mumbai, Chennai
Source: PTI Oct 16, 2012
Mahindra Lifespaces Developers plans to enter affordable housing segment with projects in cities like Mumbai and Chennai. ... more
Tag: Developer News, india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai, real estate in Chennai, Mahindra Lifespaces Developers
DLF paid extra for Robert Vadra's land; company refutes claims: Analysts
Source: ET Bureau Oct 11, 2012
DLF, India's largest real estate company, paid almost two times the market price for a plot of land it bought from Robert Vadra's company, Skylight Hospitality, in Gurgaon in 2008-09, claim real estate analysts and property brokers. ... more
Tag: Developer News, real estate of india, delhii real estate, DLF, Robert Vadra
DLF Retail eyes Rs 700 crore revenue in next three years
Source: PTI Oct 10, 2012
DLF Retail, a subsidiary of the country's largest realty firm DLF, today said that it is eyeing Rs 700 crore revenues in the next three years that will be driven by three new malls under development. ... more
Tag: Developer News, Indian real estate, property in india,DLF
Omkar Realtors in talks with Kolkata’s forum for luxury residential project off Bandra-Kurla Complex
Source: ET Bureau Oct 09, 2012
Mumbai-based Omkar Realtors & Developers is in advanced talks with Kolkata based Forum Projects to enter into a joint venture to develop a 2-lakh sq ft super luxury residential project off Bandra-Kurla Complex ... more
Tag: Developer News, Indian real estate, property in india, Real estate in mumbai, property in mumbai,Bandra-Kurla complex, Forum Projects
Godrej Properties gives up plan to buy HDIL’s Bangalore plot
Source: ET Bureau Oct 08, 2012
Mumbai-based developer Godrej Properties BSE -1.38 % has suspended talks with the promoters of Housing Development and Infrastructure (HDIL) for buying a 14-acre plot in Bangalore due to pending regulatory approvals , three persons familiar with the matter told ET. ... more
Tag: Developer News, real estate of india, bangalore real estate, godrej properties
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