Realty Bill may open new doors to transparent, secure home buying
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Tue, 6/12/11 – 15:41 | No Comment

For many, buying a residential property is the biggest investment they make in their lifetime. Last week, the government released for public comments a draft Real Estate Regulation Bill, which is said to be on …

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Philips Electronics India to revitalise Retail Strategy
Sunday, 26 Apr, 2009 – 13:41 | No Comment
Philips Electronics India to revitalise Retail Strategy

Philips Electronics India has decided to revitalise its retail strategy to maintain robust growth rate amidst the economic slowdown. The Dutch company is planning to set up exclusive ‘experience zones’ in multi-brand electronic stores and …

Real Estate and Banking Sector pull Sensex higher
Sunday, 26 Apr, 2009 – 13:40 | No Comment
Real Estate and Banking Sector pull Sensex higher

The key benchmark indices surged in afternoon trade led by buying in banking and realty stocks. Index heavyweight Reliance Industries also recovered. European markets which opened after Indian markets rose in early trade.
The BSE 30-share …

Sabeer Bhatia announces real estate JV
Sunday, 26 Apr, 2009 – 13:36 | No Comment
Sabeer Bhatia announces real estate JV

With Hotmail, Sabeer Bhatia, changed how the world communicated with each other and with the ambitious ‘Nanocity’ plan he now aspires to revolutionise the real estate market in India.
In a joint venture with Parsvnath builders …

Realty investment in India subdued in Q2: CBRE
Sunday, 26 Apr, 2009 – 13:34 | No Comment
Realty investment in India subdued in Q2: CBRE

Investment in country’s real estate sector remained subdued in the second quarter this year amid global economic slowdown, which has also cast its shadow on the property markets across the world, says C B …

Demand for office space on the rise in Chennai
Sunday, 26 Apr, 2009 – 13:33 | No Comment
Demand for office space on the rise in Chennai

Demand for office space continues to rise in Chennai even as a million sqft area had been created in city in the second quarter of the current fiscal, a recent survey says.
The survey conducted by …

DLF to invest Rs 16k cr to build 20 malls
Sunday, 26 Apr, 2009 – 13:32 | No Comment
DLF to invest Rs 16k cr to build 20 malls

Buoyed by the success of organised retail in the country, real estate industry leader DLF plans to invest Rs 16,000 crore over four years to develop about 20 large shopping malls across the country.
“Going forward, …

Omaxe buys Rs 100 cr worth land from VUDA
Sunday, 26 Apr, 2009 – 13:32 | No Comment
Omaxe buys Rs 100 cr worth land from VUDA

Real estate firm Omaxe Ltd on Friday said it has acquired 19.53 acres of land worth Rs 100.57 crore from Visakhaptanam Urban Development Authority (VUDA).
Finishing Touch Properties and Developers Pvt Ltd, a subsidiary of the …

Omaxe consortium to bid for Rs 400 bn project
Sunday, 26 Apr, 2009 – 13:31 | No Comment
Omaxe consortium to bid for Rs 400 bn project

A consortium, which includes realty firm Omaxe Ltd and GVK Power & Infrastructure Ltd, will bid for the Ganga expressway project of Uttar Pradesh government, a senior company official said.
“We are bidding for Ganga Expressway …

Tier II, III cities see rise in mid-segment hotels
Sunday, 26 Apr, 2009 – 13:30 | No Comment
Tier II, III cities see rise in mid-segment hotels

Spiralling real estate prices in urban areas, shortage of spaces in big metros and rising demand for “affordable” holiday experience among middle-income domestic tourists, were leading to a growth in the mid-segment category of hotels …

Mukesh plans big for real estate, goes headhunting
Sunday, 26 Apr, 2009 – 13:25 | No Comment
Mukesh plans big for real estate, goes headhunting

Mukesh Ambani-led Reliance group is planning a splash in the real estate business, for which it has initiated a process of recruiting large number of professionals to work on its captive as well as independent …