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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Commerce Ministry Invites Suggestions to address Policy Framework & Operational Issues of SEZs
Sat, 10/09/11 – 17:36 | No Comment
Commerce Ministry Invites Suggestions to address Policy Framework & Operational Issues of SEZs

The Commerce Ministry has called for suggestions from all stakeholders to comprehensively address the policy framework and operational issues of Special Economic Zones (SEZ). This, the Ministry said, is to accelerate the growth of SEZs. …

Hit by Fund and Permit Hassles, Hotel Majors Stall Projects
Sat, 10/09/11 – 14:32 | No Comment
Hit by Fund and Permit Hassles, Hotel Majors Stall Projects

Many leading hospitality companies looking at expansion are either deferring launches or stalling projects on the back of various challenges including fund crunch and roadblocks in getting permits. According to a study by consulting firm …

Wave Pays Rs 375 cr as Stamp Duty for Registration of 151 acre Noida Land
Sat, 10/09/11 – 11:26 | No Comment
Wave Pays Rs 375 cr as Stamp Duty for Registration of 151 acre Noida Land

Wave Infrastructure today said it has paid about Rs 375 crore as stamp duty for registration of about 151 acres of land in Noida, which the company had won in the country’s biggest land deal …

CCI Charges DLF in another Case of Violation of Market Position, No Penalty this Time
Sat, 10/09/11 – 7:19 | No Comment
CCI Charges DLF in another Case of Violation of Market Position, No Penalty this Time

Anti-competitive practices watchdog Competition Commission of India (CCI) has charged real estate major developer DLF of abusing its dominant position in yet another high-profile residential project in Gurgaon, Haryana. In a verdict delivered on Tuesday, …

Oberoi Realty Ropes in Samsung C&T Corporation for its Luxury Project in Mumbai
Mon, 29/08/11 – 7:11 | No Comment
Oberoi Realty Ropes in Samsung C&T Corporation for its Luxury Project in Mumbai

Real estate firm Oberoi Realty has brought on board Samsung C&T Corporation as its general contractor for its ambitious mixed-use, high-rise luxury project in Worli, Mumbai. The deal marks the entry of Samsung C&T, which …

Real Estate Companies Adding Rs 14 crore debt a Day
Sat, 27/08/11 – 23:09 | No Comment
Real Estate Companies Adding Rs 14 crore debt a Day

The debt load of 11 listed real estate companies in the country has risen 15 per cent, or by Rs 5,000 crore, to Rs 38,500 crore in the last 12 months. That’s nearly Rs 14 …

ASK Property Investment Advisors to raise INR 10 Billion by December
Sat, 27/08/11 – 19:06 | No Comment
ASK Property Investment Advisors to raise INR 10 Billion by December

India’s ASK Property Investment Advisors aims to raise a 10-billion-rupee ($219 million) fund by December in a bet on the long-term case for property in Asia’s third-largest economy. The real estate-focused private equity firm, which …

DLF Plans to Reduce Debt by Rs 2,500-3,000 crore this Fiscal
Sat, 27/08/11 – 16:05 | No Comment
DLF Plans to Reduce Debt by Rs 2,500-3,000 crore this Fiscal

India’s largest real estate developer, DLF, plans to reduce its debt by Rs 2,500-3,000 crore by the end of this financial year, according to group executive director Rajeev Talwar. The company aims to cut debt …

Indiareit Fund Advisors in Talks wit Developers & Investors over Trinity’s Realty Exit
Sat, 27/08/11 – 13:01 | No Comment
Indiareit Fund Advisors in Talks wit Developers & Investors over Trinity’s Realty Exit

Indiareit Fund Advisors is in talks with investors and property developers to sell the Alternative Investment Market-listed realty fund Trinity Capital’s investments in India, Business Standard reported, citing three executives with knowledge of the discussions. …

Brigade Looking to Foray into Mid Range Hospitality Sector
Sat, 27/08/11 – 10:01 | No Comment
Brigade Looking to Foray into Mid Range Hospitality Sector

Brigade Hospitality Services, the hospitality arm of real estate developer Brigade Group, is looking at entering the mid-range hospitality segment in the South, according to a top official of the company. “We have 6-8 properties …