Global financial meltdown leading to realty boom in Punjab
Global financial meltdown and the NRIs fear psychosis with the collapse of financial institutions seems to have by default been the catalyst to the realty boom in Punjab.
Search Results: Indian realty business (1246)
Singapore realtor parts ways with Indian partner
Four years after Singapore-based Ascott Ltd, a serviced residence operator, entered India, it has decided to part ways with its local partner in a bid to speed up expansion plans and have more control over its proposed projects.
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.
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.
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.
CREDAI Tamil Nadu says commercial realty going up
Confederation of Real Estate Developers’ Associations (CREDAI) Tamil Nadu unit has said that enquires for commercial real estate property has picked up in the last couple of months following decent growth in the IT industry.
Retrofitting India’s central business districts
As Central Business Districts (CBD) begin to gradually lose their sheen against alternative locations because of their inability to offer Grade A buildings at competitive rates, retrofitting emerges as a preferred option (as compared with redevelopment) for quality improvement to increase the attractiveness and economic life of existing old buildings.
Shahid Balwa quits DB Realty following probe & interrogation
Shahid Balwa, a key figure in the telecom scandal that has shaken the government, has resigned as the head of his flagship real estate company, DB Realty. Balwa is vice-chairman of Gulf group Etisalat’s joint venture in the country and at 36 was the youngest billionaire on last year’s Forbes India rich list.
DB Realty boss resigns
DB Realty Ltd has informed BSE that the Board of Directors of the Company on March 05, 2011 has noted and accepted the resignations of Mr. Shahid Balwa, as Managing Director and also as Director of the Company with effect from February 09, 2011 in view of his preoccupation relating to certain investigations.
Overseas realty funds drying up
With only $400-500 million of foreign funds flowed into the Indian real estate sector in 2009-10, the outlook ahead seems to be far from being rosy.