Below the line marketing company Theme Ventures has signed a group of well-known real estate companies in Mumbai to sell the residential properties directly to the corporate employees by setting up shops inside the large work premises, the news reports said.
A White Paper on black money tabled in Parliament on Monday, May 21, has named real estate among others as most vulnerable to menace of black money. Given that land is part of the top black money generators, the white paper suggested that states could consider taxing farm income to curb black money.
Ansal Properties & Infrastructure plans to expand its two big…
If you look the FDI side of the story over the years, initially there was an influx of a lot of foreign funds and in 2007, it was driven by the US. But the 3-4 years that investors have been here, we have seen a lot of selling. So a lot of investors withdrew or reduced their portfolio and even though being a fund, we found ourselves putting our hands into the acquisitions, marketing etc. It was not our comfort zone and we have been playing the role of a developer instead.
India-Sri Lanka bilateral trade has increased by over 65% last year, close to U.S. $5 billion, Indian High Commissioner to Sri Lanka Ashok K. Kantha, has said.
Godrej Properties has announced that it has entered into an agreement for developing approximately 1.36 acres of land in the posh area of Alipore on Burdwan Road, in Kolkata.
Real estate intelligence platform PropEquity has said it will shortly be launching a B2C vertical to cater exclusively to consumers who want to invest in the real estate sector.
While the government is trying to regulate the developers with provisions of penalty and up to imprisonment, the developers in Maharashtra have decided expose the policy paralysis through RTI route.
The private equity firm ASK Property Investment Advisors has bought 49% stake in Godrej Properties’ Chembur project.
Godrej Properties will redevelop 18 residential buildings in Chembur, Mumbai. The Company, through its wholly owned subsidiary Godrej Projects Development Private Limited (GPDPL), entered into an agreement dated January 18, 2012 with Kamla Landmarc Property Leasing and Finance Private Limited (Kamla) to undertake a residential redevelopment project in Sahakar Nagar, Chembur, Mumbai.