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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Pride Group of Hotels Plan Expansion
Friday, 31 Jul, 2009 – 14:53 | No Comment
Pride Group of Hotels Plan Expansion

Pride Group of Hotels, promoted by S.P. Group of companies, has embarked on a Rs. 800-crore expansion plan to open more five-star hotels, resorts and business hotels in a span of six years. The group, …

Godrej Properties Plans IPO in Next Ten Months
Thursday, 30 Jul, 2009 – 13:24 | No Comment
Godrej Properties Plans IPO in Next Ten Months

Godrej Properties Ltd (GPL), the real estate arm of the Godrej group, has planned to come out with its initial public offering (IPO) in next the ten months, a top company official said. “We have …

Real Estate Companies Advanced In Early Trade Ahead of RBI policy
Thursday, 30 Jul, 2009 – 13:21 | No Comment
Real Estate Companies Advanced In Early Trade Ahead of RBI policy

Shares of real estate companies advanced in early trade on the bourses ahead of the RBI quarterly monitory policy review on Tuesday, led by Unitech which surged nearly 5 per cent after the government provided …

Interest Rate Subsidy for Mid-Segment Housing- FM
Thursday, 30 Jul, 2009 – 13:01 | No Comment
Interest Rate Subsidy for Mid-Segment Housing- FM

Finance minister Pranab Mukherjee said that the interest rate subsidy for mid-segment housing would be routed to customers through commercial banks and housing companies registered with the National Housing Bank. He said to further provide …

Price Correction Encourages Gurgaon Real Estate market
Thursday, 30 Jul, 2009 – 12:52 | No Comment
Price Correction Encourages Gurgaon Real Estate market

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 …

Govt Sops can Revive Real Estate Sector
Thursday, 30 Jul, 2009 – 12:46 | No Comment
Govt Sops can Revive Real Estate Sector

Eyeing fresh signs of a revival in the economy, which should nudge growth back to 9% level by end-2010, finance minister Pranab Mukherjee announced fresh tax giveaways for housing and renewed the government’s commitment to …

Property developer Prestige Group Plans Houses in Rs 12-25 lakh range
Wednesday, 29 Jul, 2009 – 13:27 | No Comment
Property developer Prestige Group Plans Houses in Rs 12-25 lakh range

Property developer Prestige Group is evaluating building houses in the Rs 12-25 lakh range as it believes this segment will bring in volumes. On whether this will be a viable option for the builder, Irfan …

Karnataka Tier 2 and 3 Real Estate Still Suffering slowdown
Wednesday, 29 Jul, 2009 – 13:22 | No Comment
Karnataka Tier 2 and 3 Real Estate Still Suffering slowdown

Karnataka tier 2 3 realty real estate property UTVi developer housing Despite Bangalore’s real estate market showing signs of recovery, properties in tier-2 and tier-3 cities …

Realty companies are back on track
Wednesday, 29 Jul, 2009 – 13:11 | No Comment
Realty companies are back on track

Emaar MGF, Godrej Properties, Lodha Developers, Sahara Prime City, Nitesh Estates and Sriram Properties will all hit the capital markets in the current year, declaring that the worst may be over for an industry …

ITC hotel Joins Hand with Competitors
Wednesday, 29 Jul, 2009 – 13:06 | No Comment
ITC hotel Joins Hand with Competitors

For the first time, ITC Ltd—the country’s biggest tobacco company which also runs hotels—told its shareholders that it was willing to integrate with itself the businesses of competing hotel companies such as EIH Ltd and …