Sahara buys controlling stake in New York’s Plaza Hotel
Sahara Group has agreed buy a controlling stake in the city’s iconic Plaza Hotel for USD 570 million from the Israeli-owned real estate company Elad Properties.
Search Results: India Real Estate (3994)
New housing project launches decline by 44% in 2Q 2012: Cushman & Wakefield
An estimated 17500 residential units were launched by organised developers in the second quarter of 2012 in major cities across the country, registering a decline of nearly 44% over the previous quarter, says a report by global real estate consultancy, Cushman & Wakefield (C&W). This decline in launches can be attributed to a number of factors such as delay in approvals, significant inventory in certain locations as well as postponement of project to coincide new launches with the festival season.
H1 2012 witnesses increase in retailer enquiries across key cities: CBRE
India witnessed increased transaction activity and retailer expansion in H1, 2012. Leading brands and retailers pursued expansion plans aggressively, increasing their presence across key retail hubs. In all the seven cities presented in the review, the retail real estate market appears to be promising with an increase in retailer enquiries. These are the findings of CBRE’s latest report titled “India Retail Market view.”
DLF in talks with Lodha to sell Mumbai land for Rs 2,700 cr
DLF is in advanced stages of negotiation with Lodha Developers to sell its prime land in Mumbai for about Rs 2,700 crore and a deal is expected to be finalised shortly.
Emaar net operating profit up 45% at $332 mn in Jan-June
Emaar Properties has reported a 44.35% jump in net operating profit of $332 million for the first six months of this year. The company had posted an operating profit of $230 million in the January-June period of last fiscal. However, total income for the first six months of 2012 remained flat at $1.068 billion, Emaar Properties said in a statement.
Sector craving for a regulator which ensures effective delivery mechanism
The real estate sector is ready to have its own regulator. Sector is actually craving for a regulator as we have come to understand that a single window will give us a way forward to growth and customer satisfaction. At this moment we are living in a regime of 40 NOC’s to a project and still no permission to function. It has no meaning and it does not give us the freedom to grow.
Consumer forum penalises Emaar MGF for ‘service deficiency’
The UT District Consumer Disputes Redressal Forum has penalized Emaar MGF Land Limited Sector 17, for ‘gross deficiency in services’ and ‘unfair trade practice’.
Global retail banking study by Jones Lang LaSalle tells a tale of two worlds
A new retail report released by Jones Lang LaSalle emphasises that changes across the global retail banking environment continue to be driven by political, economic and technological trends. These trends will lead to continued bank expansion in frontier markets, offsetting the search for greater efficiency in developed markets.
Centre asked to resolve dispute on extra flats in CWG village
The Delhi High Court on Tuesday, July 24, asked the Centre and the DDA to resolve the dispute of alleged extra flats built by real estate major Emaar MFG in the Commonwealth Games village, coming in way of allocation of accommodation to buyers.
CAIT to oppose FDI in retail
Terming the Government’s efforts to form consensus on FDI in multi-brand retail without consulting traders as ‘highly undemocratic’, the Confederation of All India Traders (CAIT) today said foreign investments by MNCs will hijack the country’s retail trade which would lead to closure of majority of small businesses and job losses for lakhs of people engaged in the sector.