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Indian Real Estate News
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Sajjan Jindal cracks Rs 200 crore deal to acquire Nepean Sea Road bungalow
Source: ET Bureau Aug 01, 2012
Steel magnate Sajjan Jindal has finally cracked the deal to acquire Maheshwari House, a sea-facing three-storey bungalow at Nepean Sea Road in south Mumbai. Jindal has paid around Rs 200 crore to Manoj Maheshwari, who had stalled the transaction involving his other family members as sellers, said three persons involved in the transaction. ... more
Tag: Developer News, Indian real estate, property in india, Real estate in mumbai, property in mumbai, Maheshwari house,Jindal
Godrej Properties in pact for 2.5 acre redevelopment project in Mumbai suburb
Source: ET Bureau Jul 31, 2012
Godrej Properties, through its wholly owned subsidiary Godrej Projects Development, has entered into an agreement to redevelop a private society owned property in Ghatkopar suburbs of Mumbai, the real estate development arm of the Godrej Group said in a release. The project, spread over 2.5 acres, will offer around 185,000 sq ft of free sale area and total 139 existing tenants will be rehabilitated as part of this project, the release said. ... more
Tag: Developer News, real estate of india, mumbai real estate, godrej properties
DLF to sell its 17.5-acre land in Mumbai's Lower Parel to Lodha Group and a PE player
Source: ET Bureau Jul 30, 2012
DLF, the country's largest developer, will sell its 17.5-acre land in Mumbai's Lower Parel to Lodha Group and a private equity player for about Rs 2,800 crore, ending its long-drawn bid to break ground in India's financial capital. The deal will help the Delhi-based builder pare part of its burgeoning debt that had reached Rs 22,725 crore by March 31, a top company official said. "The legal documentation ... more
Tag: Developer News, real estate of india, mumbai real estate, DLF
Tribunal asks CCI to complete proceedings in DLF cases by September
Source: ET Bureau Jul 19, 2012
The Competition Appellate Tribunal has asked the competition watchdog to complete proceedings in three cases against real estate firm DLF by September 30, while refusing to allow the firm to use the contentious clauses in its agreement with buyers. ... more
Tag: Developer News, real estate of india, delhii real estate, DLF
Bombay High Court to pronounce judgment on Wadia-Rajeha land dispute on Thursday
Source: ET Bureau Jul 18, 2012
The Bombay High Court will pronounce its judgment in the keenly case between industrialist Nusli Wadia and real-estate developer Gopal Raheja over 460-acre land in Malad, a northern suburb of Mumbai on Thursday, July 19. ... more
Tag: Developer News, Indian real estate, property in india, Real estate in mumbai, property in mumbai
DLF cash pile declines: To shift focus from affordable to luxury housing
Source: Reuters Jul 04, 2012
Country's biggest property developer, burdened by debt and sluggish demand, is reining in its once-aggressive pan-India plans to focus on the familiar territory of its home market in northern India. DLF Ltd, founded in 1946 - a year before India's independence - as Delhi Land and Finance, will concentrate on building high-margin luxury homes in north India while new projects in other parts of the country take a back seat. ... more
Tag: Developer News, Indian real estate, property in india, Real estate in mumbai, property in mumbai, apartments in mumbai
Brigade, GIC buy HUL Bangalore plot for Rs 125 crore
Source: ET Bureau Jun 28, 2012
Real estate developer Brigade Enterprises and the Government of Singapore Investment Corporation have jointly bought a piece of prime land in Bangalore's Whitefield from Hindustan Unilever for Rs 125 crore. ... more
Tag: Developer News, india real estate, bangalore properties, bangalore real estate
Providing platform for builders
Source: Source: Indian Express Mar 06, 2012
To acknowledge the extraordinary contribution of various developers towards the growth of real estate sector, Realty Plus, a real estate magazine from the exchange- ... more
Tag: Developer News, Real estate in india, Indian properties, property in india
Despite rising sales, realty companies like DLF and Godrej Properties unable to bring down debt
Source: Source: The Economic Times Mar 03, 2012
Home sales in most major markets might have improved in the last one quarter, but the country's top real estate firms have been unable to bring down their debt. The ... more
Tag: Developer News, Real estate in india, property in india, indian properties
DLF to outsource large portion of construction work to L&T, Shapoorji Pallonji
Source: economictimes.indiatimes.com Jan 28, 2012
NEW DELHI: India's biggest builder DLF has decided to outsource a large portion of its construction work to companies such as L& and Shapoorji Pallonji instead of doing it on its own, a top company executive said. ... more
Tag: Developer News, Real estate in india, property in india, properties india
Developers upset with real estate legislation
Source: Business Standard Nov 12, 2011
The proposed real estate regulation legislation is out in the public domain, but has already drawn sharp criticism from developers. The draft says a promoter may face up to three years in jail or a fine up to a tenth of the estiated project cost for the offences mentioned under various sections. ... more
Tag: Developer News, India real estate, CREDAI, Real Estate regulation act
Arabtec Raheja plans tallest tower in Delhi
Source: The Times of India, New Delhi Nov 07, 2011
Realty company Raheja Developers on Friday announced a joint venture with Dubai - based Arabtec Construction to build real estate projects in India and awarded contracts of Rs 1,020 crore to the JV firm for three housing projects. ... more
Tag: Developer News, delhi real estate, raheja developers
Lodha Opens Booking for its 10,000cr Mumbai Township Project
Source: Indian Realty News Oct 12, 2011
In what seems to be a counter intuitive move in a slowing real estate market, the Lodha group, has opened bookings for its Rs 10,000 crore proposed 23 acre mini township project at Wadala in the island city section of India's commercial capital. ... more
Tag: Developer News, Lodha Group, Mumbai, township, apartments
Mayfair Group acquires Oberoi's Palm Beach property at Gopalpur
Source: indiainfoline.com Sep 15, 2011
Mayfair Group of hotels has acquired the Palm Beach property of the Oberoi Group located at Gopalpur in Orissa at a cost of Rs. 100mn, according to a report. ... more
Tag: Developer News, Real estate in india, property in india, indian properties
Builders M3M, Lodha, Panchshil, Oberoi and others offer freebies to lure luxury home buyers
Source: propertyncr.net Sep 13, 2011
If buying a luxury home wasn't enough comfort, builders are throwing in free laundrette, high-tech car wash and even personalised stationery to please the well-heeled. In Gurgaon, ... more
Tag: Developer News, Real estate in india, property in india, indian properties
DLF Plans to Sell 17.5 acre Prime Mumbai Land for Rs 4000 cr
Source: indianrealtynews.com Sep 13, 2011
DLF, India's largest real estate developer, has decided to sell its prized asset, the 17.5 acres NTC Mill land in central Mumbai, which bankers estimate would fetch ... more
Tag: Developer News, Real estate in mumbai, property in mumbai, mumbai properties
DLF to Sell 13 Acre Gurgaon Plot for 300cr
Source: in.iproperty.com Aug 20, 2011
India's largest developer DLF is selling a 13-acre plot in Gurgaon, Haryana, as part of its plan to ease its debt burden through asset sales. About 1 million square feet of commercial space can be built on the plot, which is expected to fetch Rs 300 crore for the ... more
Tag: Developer News, Real estate in gurgaon, property in gurgaon, delhi ncr properties
Unitech receives strong response for Kochi project
Source: indiainfoline.com Aug 11, 2011
Unitech, India's leading business group and an integrated developer of large-scale real estate projects, receives a good buyer response from its project, Great India Place (GIP), ... more
Tag: Developer News, Property in Kochi, Apartments in kochi, real estate in kochi
Godrej Properties wins award for the 'Best Marketing Campaign of the Year'
Source: indiainfoline.com Aug 10, 2011
Godrej Properties Ltd. (GPL) the real estate development arm of the Godrej Group, won award for the 'Best Marketing Campaign of the Year' for Excellence in Branding and Marketing at the recently held 2nd CMO Asia awards in Singapore. ... more
Tag: Developer News, Property in india, real estate in india, indian properties
Godrej Properties plans to develop group housing project in Gurgaon
Source: news.indiamart.com Aug 08, 2011
The project will be spread over 22 acres of land and will have a total saleable area of approximately 2 million sq. ft. ... more
Tag: Developer News, Apartments in gurgaon, flats in gurgaon, delhi ncr real estate, delhi ncr properties
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