Investment choices for residents associations
Thu, 29/07/10 – 21:00 | No Comment

Traditionally, most resident welfare associations have been dependent on options such as fixed deposits, which offer a fixed rate of return, to investment their fund base. The interest rates were good earlier and outflow in …

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Lutron To Enter Residential Space
Wed, 1/09/10 – 15:26 | No Comment

PAs the Real Estate Industry of the country gains pace after the slowdown, many different firms plan to foray into the sector. One among them is the Global Lighting Controls Major LUTRON.

Lutron which is present in the country for more than 10 years is likely to enter into the residential apartment space. Till now they have been focusing only on the hospitality sector and high end residential projects.

Lutron’s Country Manager-India, Mr. Manjul Trehan said, “This is a very nascent market, and we have not touched residential apartments yet. But looking ahead, this would be the volume business. We are in talks with a few real estate companies.” Further he added that the company will mainly concentrate on projects where the expenditure on lighting will be more than one lakh.

The company is looking at 2-3 players in the eastern part of the country but the region is likely to contribute very minimally to the firm’s earnings. Mr. Trehan hoped to double the figures in the next few years.

Even though the company was not badly affected by the slowdown in the market the present and the coming year look challenging for the company.

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Aditya Birla Group Plans to Expand its Luxury Retail Chain.
Wed, 1/09/10 – 15:02 | No Comment
Aditya Birla Group Plans to Expand its Luxury Retail Chain.

Aditya Birla Group, promoted Madura Garments Lifestyle Retail today said it will set up its high-end luxury stores -’The Collective’ in three new cities next year, besides expanding in the existing locations. The company currently …

Godrej to Fully Focus on its Property Arm
Tue, 31/08/10 – 22:34 | No Comment
Godrej to Fully Focus on its Property Arm

The $2.5-billion Godrej group plans to make its property development arm Godrej Properties (GPL) the largest business within the group in 5-10 years. “This is the fastest growing and capital intensive business and does not …

Hoteliers Planning to Increase Room Tariff by 10-15%
Tue, 31/08/10 – 22:27 | No Comment
Hoteliers Planning to Increase Room Tariff by 10-15%

In an attempt to cash in on the peak winter season and the improved economic scenario, “Hoteliers are planning to increase the average room rates (ARRs) by 10-15 per cent from September 2010 as they …

Lodha Raises 500cr by Selling 10% Stake of its Mumbai Residential Tower
Tue, 31/08/10 – 22:26 | No Comment
Lodha Raises 500cr by Selling 10% Stake of its Mumbai Residential Tower

Real estate firm Lodha Developers has raised Rs 500 crore by selling a 10 per cent stake in a project to develop a 117-storey residential tower in Mumbai to HDFC Venture Funds. “The deal shows …

DLF in Discussion with ICICI and SBI to Refinance $300-million Loan at 7%
Tue, 31/08/10 – 22:24 | No Comment
DLF in Discussion with ICICI and SBI to Refinance $300-million Loan at 7%

The country’s largest real estate developer DLF is in talks with leading domestic banks ICICI Bank and State Bank of India to refinance a $300-million loan it had raised via external commercial borrowings (ECB) last …

Property for sale in Nehru Place, New Delhi
Tue, 31/08/10 – 22:18 | No Comment
Property for sale in Nehru Place, New Delhi

Information about this real estate classified
Property Type:
Commercial Office
Project or Society Name:
International Trade Tower
Floor Number:
6
Area:
1200 ft²
Total Price:
INR 36,000,000.00
Price/SqFt:
30000
Negotiable:
Yes
Advertiser Profile:
real estate channel

IFC in Discussion with Real Estate Developers to Create Large Affordable Housing Projects
Tue, 31/08/10 – 22:12 | No Comment
IFC in Discussion with Real Estate Developers to Create Large Affordable Housing Projects

The International Finance Corporation is in talks with several real estate developers to create large affordable housing projects in India. “IFC has been talking with everybody; there have been discussions with the Tatas and with …

Chennai Projects Get Top Ratings from CRISIL
Tue, 31/08/10 – 22:08 | No Comment
Chennai Projects Get Top Ratings from CRISIL

Six real estate projects in Chennai have got top ratings from Crisil, which has, for the first time, has come out with a product to provide city-specific all round assessment of real estate projects.
Addressing a …

Indian Real State news( TCIL Plans Exit from Real Estate Business)
Tue, 31/08/10 – 22:06 | No Comment
Indian Real State news( TCIL Plans Exit from Real Estate Business)

Transport Corporation of India (TCIL) will demerge its real estate and warehousing divisions in next three months and expects to create greater value for shareholders through the hive-off. After the demerger, the company would focus …

Developers unhappy with new building rules
Thu, 29/07/10 – 18:00 | No Comment
Developers unhappy with new building rules

Builders consider access most important when choosing a property for development. The value of the piece of land rides much on this factor.
The revised Kerala Municipal Building Rules, brought about by the Local Self-Government Department, …