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October 10, 2011

India leads in building efficiency in 3rd annual Johnson Controls survey

The third annual global Energy Efficiency Indicator (EEI) shows that building owners and operators throughout India continue to place higher importance on energy management in comparison to their peers in other major countries.

Headlines

October 9, 2011

Real estate FDI worries looming large

The level of FDI in the real estate sector is unlikely to show a quantum jump this year, courtesy a slow GDP growth rate, high debt levels of the real estate developers, labour shortage and economic crisis in the US and Europe.

Company News

October 9, 2011

SEBI pleas more time with SC in Sahara case

The Securities and Exchange Board of India (SEBI) has filed an application before the Supreme Court seeking an extension of deadline in the Sahara case.

Company News

October 7, 2011

CREDAI urges CCI to probe artificial shortage of cement

The apex body for realty sector, CREDAI, has approached Competition Commission of India (CCI) seeking enquiry against artificial shortage of cement and exorbitant price hike by leading manufacturers.

Headlines

October 6, 2011

Developers determined to make festive spirit count

Less launches, pragmatic marketing, innovative packages, product bundling and online brand promotion, the real estate developers in Mumbai are leaving no stone unturned to beat the inflationary pressure.

Company News

October 6, 2011

Azure to launch Rs 200-cr domestic fund next week

Realty fund manager Azure Capital Advisors will start raising around Rs.200 crore to invest in residential projects in the southern and western parts of the country from next week.

Commercial

October 5, 2011

Mukesh Ambani sells Kenya building to World Bank for Rs 115cr

Mukesh Ambani has sold his plush 21-storey building in the commercial district of Nairobi to the World Bank for nearly $23 million (approx Rs.115 crore), making it the largest single property deal in East Africa.

Headlines

October 5, 2011

Shilpa Shetty forays into real estate

Bollywood actor Shilpa Shetty and her British-born Indian businessman husband Raj Kundra have forayed into the real estate business with Kundra Constructions as the brand.

Company News

October 5, 2011

HDFC to raise $600 million for property fund

Housing Development Finance Corp, India’s largest mortgage lender, plans to raise its fourth property fund from overseas investors, said two people close to the development.

Company News

October 5, 2011

Godrej Properties in land pact with Godrej & Boyce

Mumbai-based Godrej Properties Ltd has entered into an agreement with associate company Godrej and Boyce (G&B) for the development of the latter’s large land holdings in the eastern part of Mumbai.

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