CREDAI on Mission Transparency
Addressing a press conference on Thursday, the newly-elected members of CREDAI National said the mission would give the real estate industry and all activities connected to it a fair image.
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Jones Lang LaSalle enters South Africa with acquisition
Real estate and investment management services provider Jones Lang Lasalle Inc. on Thursday announced its foray into South Africa with the acquisition of corporate property service provider, Bradford McCormack & Associates for an undisclosed amount.
Chennai needs 60,000 more houses
India’s housing shortfall is estimated to be around 27 million and Chennai city alone faces a deficit of 60,000 housing units.
Banks rescheduled Rs. 6000 crore to realty companies
While the banks and financial institutions are overtly blaming the real estate companies for defaulting on the loan repayment, it is learnt that they are also showing largesse to the realtors by rescheduling their loan repayment.
Sandland Real Estate plans to develop 25MW solar project in Gujarat
Sandland Real Estate Pvt. plans to build a 25-megawatt solar power plant in Gujarat.
Developing new residential destinations in Mumbai
According to the 2010 census, Mumbai now houses around 14 million people, which makes it India’s most populous city and the world’s second-most populous city.
Nexus of realtors & dealers behind price appreciation
When the leading real estate company DLF sold 1250 flats within 2 hours of launch in 2009, there were many eyebrows raised. After all, in a market that was weathering crisis of confidence and liquidity it was hard to believe in the first place.
Hotel Leela to invest Rs.100 crore in Goa
Hotel Leelaventure will invest Rs.100 crore to upgrade its property in Goa in 2011 and is looking to expand presence in the country by opening new company-owned properties and taking up management contracts.
Walmart in talks for Big Bazaar stake
In what could be biggest shake up in India’s retail sector, and cheer up the real estate developers also who are at the receiving end by the retail partners, the global major retail Walmart is in talks with Big Bazaar for stake.
IT raids Kanakia Group
The income tax department has conducted a search operation on Mumbai-based Kanakia Group. The raids were conducted early morning, in Mumbai and Lucknow for alleged tax evasion.