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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APIIC-Emaar Probe: CBI Questions Chiranjeevi’s Son
Monday, 19 Sep, 2011 – 13:55 | No Comment
APIIC-Emaar Probe: CBI Questions Chiranjeevi’s Son

The CBI, which is probing the alleged irregularities in APIIC-Emaar Properties land deal, on Thursday continued examination of buyers of the villas sold by Emaar and also questioned Telugu film actor Ramcharan Tej, son of …

Panchshil Realty Confirms Sharad Pawar’s Lie in Asset Declaration to PM
Monday, 19 Sep, 2011 – 9:54 | No Comment
Panchshil Realty Confirms Sharad Pawar’s Lie in Asset Declaration to PM

A day after a Mumbai-based daily, DNA, exposed agriculture minister Sharad Pawar’s lie in connection with his Rs 12 crore assets declaration to the prime minister and the country, Panchshil Realty Group on Wednesday admitted …

Omaxe Likely to Raise Rs150 cr via Sale of Chandigarh Land
Monday, 19 Sep, 2011 – 5:53 | No Comment
Omaxe Likely to Raise Rs150 cr via Sale of Chandigarh Land

Delhi-based real estate developer Omaxe has put 25 acres of land in Chandigarh on the block and is expecting to raise around Rs 150 crore. The project was earlier slated to be a mixed development …

20.2% Decline in PE Investment in Real Estate Sector
Saturday, 17 Sep, 2011 – 22:44 | No Comment
20.2% Decline in PE Investment in Real Estate Sector

Private equity investment in India’s real estate sector declined by around 20.2% to $831 million (about Rs 3,740 crore) in the first five months this fiscal due to sluggish demand. Factors like tight availability of …

DLF in Debt Cut Mode: Sells 28 acre Gurgaon Plot to M3M for Rs 440cr
Saturday, 17 Sep, 2011 – 17:41 | No Comment
DLF in Debt Cut Mode: Sells 28 acre Gurgaon Plot to M3M for Rs 440cr

DLF has sold a 28-acre plot in Gurgaon to developer M3M India for 440 crore, in the first among many such big-ticket sales it has lined up this fiscal to bring down mounting debt. At …

Developers Excited as Retail Giants Plan Country Wide Expansion
Saturday, 17 Sep, 2011 – 14:38 | No Comment
Developers Excited as Retail Giants Plan Country Wide Expansion

India’s biggest retail players are on the hunt for space again, after a hiatus of two years, breathing life into the real estate sector, which is reeling under the impact of falling home sales. Encouraged …

DLF Plans to Sell 17.5 acre Prime Mumbai Land for Rs 4000 cr
Saturday, 17 Sep, 2011 – 11:19 | No Comment
DLF Plans to Sell 17.5 acre Prime Mumbai Land for Rs 4000 cr

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 between Rs 3,000 crore and Rs 4,000 crore …

DLF Seeks Approval to Sell Shares of its PUNE Based IT SEZ
Saturday, 17 Sep, 2011 – 8:17 | No Comment
DLF Seeks Approval to Sell Shares of its PUNE Based IT SEZ

DLF has sought approval from the Board of Approvals for SEZs to sell the shares of its IT SEZ in Pune to a foreign investor. This will be taken up by the BoA in its …

New Land Acquisition Bill Impractical: Developers
Sunday, 11 Sep, 2011 – 22:07 | No Comment
New Land Acquisition Bill Impractical: Developers

The proposed bill on land acquisition is not only anti-development but also impractical, feel developers and builders. If the bill is passed and implemented, there cannot be any planned development of townships in the country, …

Luxury Juhu Bungalow Sold for Rs 105 Crore
Sunday, 11 Sep, 2011 – 20:04 | No Comment
Luxury Juhu Bungalow Sold for Rs 105 Crore

An industrialist is all set to own a super-luxury, 11-storey bungalow apartment building-JVPD1-constructed by Mayfair Housing Pvt Ltd at Juhu, costing Rs 105 crore. Real estate sources say the deal is unique for the simple …