The Association of Builders and Developers of Thrissur (ABD) will merge with the Confederation of Real Estate Developers’ Associations of India (CREDAI), the apex body for private real estate developers in India.
Global commercial real estate firm Jones Lang LaSalle has announced the firm is donating 100 million yen (approximately $1.25 million) to the Japanese Red Cross to provide aid and relief directly to those most in need following the Japan earthquake and Pacific Tsunami that have left a path of destruction in their wake.
The impending closure of the financial year has the listed real estate developers scurrying to make final repayments or get debt refinanced.
Anil Wadhwa, Indian Ambassador to the Sultanate of Oman inaugurated the two-day India Property Show (IPRO 2011) today at Al Falaj Hotel.
Four years after Singapore-based Ascott Ltd, a serviced residence operator, entered India, it has decided to part ways with its local partner in a bid to speed up expansion plans and have more control over its proposed projects.
Hotel Leela is all set to foray into real estate development in order to cut its debt. The conversion of land banks into upmarket residential homes in Bangalore, Hyderabad and Pune is believed to raise Rs.950 crore for the company.
Stocks of real estate companies suffered widespread losses on the BSE today dragging down the sectoral index by 3.14 per cent on all-round selling by funds on fears of rate hike by RBI to curb inflation.
Movenpick Hotels & Resorts has announced an upcoming property in Northern India; the Movenpick Dharamshala Resort & Spa, which is due to open in 2013.
Chintels India Ltd. has announced the launch of First phase of its 300 acres township project in New Gurgaon. Chintels Paradiso – a group housing project that will consist of more than 500 apartments is the first phase of a large development project.
Entrepreneur Robert Vadra, married into the country’s most powerful family, has made a quiet and relatively unheralded entry into the real estate business, including a partnership with DLF Ltd, the market leader in the business.