Provident Housing is a fully-owned subsidiary of the Bangalore-based Puravankara Group. Provident housing is learnt to have bought a 62-acre land parcel in the outskirts of Bangalore. The deal is believed to have been …
The country’s hotel industry is staring at a $2 billion shortfall in revenues in the current fiscal – that’s about 30 per cent below the previous year – as India copes with a double whammy …
If the city dreamt of emerging as a hospitality hub, that dream is fast turning ephemeral, with more than half the projects either delayed or close to being shelved. Of the 19 hotel projects that …
Beating slowdown in the economy, Jaiprakash Associates Ltd (JAL), a leading infrastructure conglomerate, announced on Sunday a 292% rise in its net profit to Rs 491.2 crore in the first quarter (April-June) of 2009-10 as …
Encouraged by price correction and lowering of interest rates, the real estate market, after a period of relative inactivity lasting the first few months of the year, witnessed improved levels of activity on the part …
What’s in a name, you may ask. Lots, if you believe the nation’s property developers and go by the latest trend in the real estate industry as well. Gone are the days when residential properties …
The government announced for lower cost housing are expected to have a significant impact on the affordability of such homes, and encourage developers to get into the segment.
As per the government’s announcement, the value of …
Realty major Sobha Developers has seen its net profit nosedive for the first quarter ended June 30, 2009, at Rs 12.7 crore, against Rs 50.5 crore for the same period in FY09. Income from operations …
In a few months from now, a uniform real estate valuing method will be put in place across the country. For that, the National Housing Bank (NHB) has prepared a draft of real estate uniform …
India received $2.2 billion foreign direct investments (FDI) in May this year, department of industrial policy & promotion (DIPP) secretary Ajay Shankar said. There is a 43% drop in the FDI inflow in May 2009 …
