Realty sector apprehensive of rate hike
As the Reserve Bank of India meets to review its monetary policy tomorrow, Thursday, the realty sector is getting panicky that if there is a rate hike the sector may see some more pains in the coming days.
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Hotel Leela to foray into realty business
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.
Dubai realty to bottom out in one year
Dubai’s real estate market is likely to bottom out in the next one year, while peer Abu Dhabi will at least a much longer time, according to Jones Lang LaSalle (JLL) experts.
China apprehensive of realty influence in system
China’s central government wants to weaken the industry’s vice-like grip on the political system as a means to avoid a Jasmine-type revolt.
Realty stocks plunge over 3 pc on rate hike fears
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.
Realty most corruption-prone sector in India: KPMG
Real estate and construction has been voted as the most corrupt sector in India, according to a survey by global consultancy firm KPMG.
Movenpick announces second property in India
Movenpick Hotels & Resorts has announced an upcoming property in Northern India; the Movenpick Dharamshala Resort & Spa, which is due to open in 2013.
Chintels launches 300 acres township in New Gurgaon
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.
Investing in non-agricultural land
Buying land can be a time-consuming and expensive affair. Not only can the initial phase of buying it be quite complicated, but the cost involved in maintaining a purchased plot can also be quite high.
Robert Vadra enters realty business, ties up with DLF
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.