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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Delhi NCR real estate, Track2Media, Track2Realty, Track2Infra

October 5, 2012

No proof of quid pro quo in allegations of Robert Vadra-DLF nexus

Track2Realty: The allegation that businessman Robert Vadra and real estate giant DLF have deep illicit links, where Vadra was given an interest-free loan from DLF, which also sold him vast amounts of property at hefty bargains in return for favours from the Congress, could not offer evidence of a quid pro quo.

Company News

October 5, 2012

SEBI allows 2 Alternative Investment Funds to operate in India

Track2Realty-Agencies: Two more entities have received market regulator SEBI’s approval to set-up Alternative Investment Funds (AIFs), a newly created class of pooled-in investment vehicles for real estate, private equity and hedge funds.

Company News

October 5, 2012

VUDA issues notices to realty firms

Track2Realty-Agencies: The Vishakhapatnam Urban Development Authority (VUDA) has issued notices to four firms here on Friday, Oct 5, for violating the rules. VUDA issued notices to Bommarillu Farms & Villas India Limited for development and marketing a layout of 15 acres without necessary permission in the name of Kotha Bangaru Lokam in Kumarm village in S Kota mandal of Vizianagaram and imposed a penalty of Rs 6.21 lakh.

Company News

October 5, 2012

Sahara seeks review of Supreme Court verdict on refunding Rs. 24,000 crore

Track2Realty-Agencies: The Sahara group today moved the Supreme Court seeking review of the verdict ordering it to refund Rs. 24,000 crore, raised from investors through optionally fully convertible debentures (OFCDs).

Company News

October 5, 2012

Blackstone gets CCI approval for Embassy realty deal

Track2Realty-Agencies: The Competition Commission of India (CCI) has approved a real estate deal between global private equity giant Blackstone Group and Pune-based realty firm Embassy Group. The proposed deal involves Blackstone and Embassy Group having joint control over an entity engaged in the business of development and management of commercial and office space and related activities.

Company News

October 4, 2012

RICS and CREDAI join hands to promote professional skills in sector

Track2Realty: RICS and CREDAI have joined hands to promote professional skills in real estate and construction. At the 12th National Convention of CREDAI at Barcelona, a joint initiative called “RICS-CREDAI Skills Development Initiative” was announced to address the education and training needs of professionals engaged in the real estate and construction sector in the country.

Company News

India real estate news, Indian realty news, Indian property news, Godrej, Track2Media, Track2Realty, Track2Infra

October 4, 2012

Godrej Properties launches Godrej Gold County in Bengaluru

Track2Realty: Godrej Properties has launched residential villa project, Godrej Gold County, at Tumkur Road, Bengaluru. Spread over approximately 12 acres, this project will comprise of 87 villas built over a total saleable area of 2.8 lac sq. ft. Customers can choose from 4 types of contemporarily designed villas ranging in size from 3,303 sq. ft. to 4,113 sq. ft., at prices starting from Rs. 2 crores.

Company News

October 4, 2012

Citi Property, JPMorgan initiate arbitration BPTP after time-bound exit failed

Track2Realty-Agencies: Two private equity funds, Citi Property Investors and JPMorgan Chase, have initiated separate arbitration proceedings against BPTP on the grounds that it has failed to provide a time-bound exit for their respective investments in the company.

Finance

CREDAI, India Realty News, India Property news, Real Estate India, Track2Media, Track2Realty, Track2Infra, India real estate, property market

October 4, 2012

CREDAI’s Nashik realty expo to be held in December

Track2Realty-Agencies: With an aim to showcase properties across Nashik under one umbrella and provide buyers the opportunity to purchase real estate in Nashik the Confederation of Real Estate Developers’ Association of India (CREDAI) has organised a mega realty expo called ‘Shelter’ in the city from December 20-23.

Company News

October 3, 2012

DLF files 5 patents for fire safety methods

Track2Realty-Agencies: DLF has filed for five patents for inventions that relate to fire safety of its buildings. The company has installed these systems in its commercial buildings, comprising 30 million sq ft, across the country and would do so in future projects as well.

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