Noida Extension Gets Green Signal: Tension Almost Over! NCR Planning Board gives conditional approval for Greater Noida Master Plan 2021
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Sun, 1/04/12 – 16:57 | No Comment

Around 50,000 homebuyers will heave a sigh of relief, as the uncertainty surrounding the fate of Noida Extension housing projects seems to be almost over.
The NCR Planning Board (NCRPB) on Thursday gave a conditional approval …

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IT Raids Gurgaon Based Developers M3M’s Offices
Wednesday, 24 Aug, 2011 – 7:41 | No Comment
IT Raids Gurgaon Based Developers M3M’s Offices

A recent raid by income tax sleuths on the offices of a prominent Gurgaon-based realty firm M3M India Ltd yielded Rs 314 crore unaccounted income. Searches, conducted this month, led to the seizure of which …

DLF to Sell 13 Acre Gurgaon Plot for 300cr
Tuesday, 23 Aug, 2011 – 21:40 | No Comment
DLF to Sell 13 Acre Gurgaon Plot for 300cr

India’s largest developer DLF is selling a 13-acre plot in Gurgaon, Haryana, as part of its plan to ease its debt burden through asset sales. About 1 million square feet of commercial space can be …

Omaxe Planning to Invest 600cr on Land Acquisition
Tuesday, 23 Aug, 2011 – 17:38 | No Comment
Omaxe Planning to Invest 600cr on Land Acquisition

Realty firm Omaxe is planning to invest up to Rs 220 crore in the next six months on land acquisition. Meanwhile, the company also targets to cut its gross debt by about Rs 225 crore …

Housing Demand to Remain Strong despite Global Slowdown
Tuesday, 23 Aug, 2011 – 14:37 | No Comment
Housing Demand to Remain Strong despite Global Slowdown

Despite slowdown in the global economy, the demand for housing sector will remain strong in the country. But the sector will not witness the kind of price appreciation it has seen in the last couple …

DLF May Pay Additional Penalty of Rs 900 Cr
Tuesday, 23 Aug, 2011 – 11:35 | No Comment
DLF May Pay Additional Penalty of Rs 900 Cr

Real estate giant DLF may have to pay Rs 900 crore extra penalty if the Competition Commission of India (CCI) finds it guilty of abusing its dominant market position in three more projects in Gurgaon. …

Reason why Indian Real Estate Lures US NRIs
Tuesday, 23 Aug, 2011 – 8:35 | No Comment
Reason why Indian Real Estate Lures US NRIs

The favourable exchange rate and the US Federal Reserve’s attempts to tackle a rapidly-weakening economy by freezing shortterm interest rates for two years are two factors that encourage NRIs across the US to divert their …

CCI to Deliver Verdict on Cases Filed Against Leading Developers
Monday, 22 Aug, 2011 – 7:03 | No Comment
CCI to Deliver Verdict on Cases Filed Against Leading Developers

The Competition Commission of India (CCI) will deliver verdicts on, at least, 10 different cases filed by irate customers against leading real estate developers, including the biggest player DLF Ltd, for alleged anti-competitive and unfair …

US Based Caesars Entertainment Corp Plans Entry into Indian Hospitality & Entertainment Sectors
Saturday, 20 Aug, 2011 – 21:58 | No Comment
US Based Caesars Entertainment Corp Plans Entry into Indian Hospitality & Entertainment Sectors

Caesars Entertainment Corp (CEC), a Las Vegas-based gaming company, is planning to enter entertainment and hospitality sector in India through Caesars Global Life, which it recently set up to develop branded luxury hotels, restaurants and …

Unitech Corporate Parks (UCP) Reports 113% Rise in Lettings
Saturday, 20 Aug, 2011 – 18:56 | No Comment
Unitech Corporate Parks (UCP) Reports 113% Rise in Lettings

Unitech Corporate Parks (UCP), a company focused on commercial real estate in India, has increased its lettings by 113 per cent in the last financial year. In its annual results it says that during the …

DLF may Challenge CCI Order before Competition Appellate Tribunal
Saturday, 20 Aug, 2011 – 15:53 | No Comment
DLF may Challenge CCI Order before Competition Appellate Tribunal

A day after CCI imposed a fine of Rs 630 crore for abusing its dominant position, realty giant DLF on Wednesday said the company is exploring all options, including challenging the order before Competition Appellate …