Real estate sales fall to 31 month low in November
Prabhudas Lilladher (PL) India has come out with report on Real estate`s sector. According to the report sales registrations for the month of November 2011 are down 20% YoY to 4,060 levels.
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500cr scam: Emaar MGF dupes 560 buyers
It may well go down as one of the biggest real estate scams in the country. The controversial Commonwealth Games village builder, Emaar MGF, has fraudulently sold off over 560 plots it did not own to unsuspecting buyers in Mohali (Punjab).
Akshaya plans to strengthen its presence in south India
Akshaya has chartered out plans for the next five to 10 years with an aim to strengthen its presence in South India.
Home financiers turn to lower tier towns for growth
It may surprise to many, but the fact is that the housing finance sector has steadily and consistently been posting impressive growth, despite the numerous challenges in the sector.
South India to see spurt in hotel rooms
The south Indian hospitality market would see an addition of 14,500 new rooms in 178 star hotels across southern states by the end of year 2012.
CREDAI suggests to fine tune proposed master plan of Hyderabad
CREDAI, Hyderabad has given a number of suggestions, including developing townships in the peripheral areas, strengthening the transportation system, to help the GHMC fine-tune the proposed master plan.
Jaypee looking for cement biz partner
Jaiprakash Associates (JPA), the Jaypee Group flagship, is on the look out for a strategic partner for its cement business, the third largest in the country.
Malaysian Government asks people to invest in Indian property
The prices of properties in India will increase by five to six times in the next five years, said Deputy Minister in the Prime Minister’s Department Datuk SK Devamany today.
Realty leading in corporate M&A
Real estate along with information technology and financial sectors cornered nearly 52 per cent share in mergers and acquisitions (M&As) out of 68 deals during June and July.
CREDAI blames NREGA for labour shortage in realty projects
After farmers complaining about shortage of labour due to NREGA, now CREDAI says real estate projects are experiencing time and cost over runs due to shortage of labour.